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Cytonic Secures $8.3 Mn Seed Funding to Solve Blockchain Compatibility

November 7, 20246 min

Cytonic, the world’s first multi-virtual-machine blockchain, announced it has raised $8.3 million in a seed funding round co-led by Lattice and Lemniscap, with participation from IOBC, Nomura, Lyrik, Public Works, Arthur Hayes and other notable investors. Developed by MultiVM Labs, Cytonic is a decentralized execution layer that tackles one of the blockchain industry’s most pressing challenges: compatibility. As fragmentation across multiple chains continues to grow, developers and users face increasing barriers that limit the full potential of blockchain...

by PRNewswire

Banking

Lumin Digital Adds upSWOT’s Business Credit Tools to Banking Platform

November 4, 20244 min

Lumin Digital (Lumin), the leading cloud-native digital banking provider, announced its partnership with upSWOT, a top provider of innovative financial solutions. The partnership will bring upSWOT’s solution to Lumin’s entire community of banks and credit unions, enabling them to bundle various applications in one place and better serve their business members. upSWOT empowers financial institutions to better support their business customers by offering an ecosystem of interconnected tools and widgets within its Business Dashboard, including...

by PRNewswire

Blockchain

Paxos Introduces Global Dollar (USDG)

November 4, 20245 min

Built to power global stablecoin adoption

by GlobeNewswire

Blockchain

Parfin Hires Jiten Varu, Ex-AWS, to Lead International Expansion

November 4, 20247 min

In addition to hiring Jiten Varu, who will be focused on strengthening global expansion, the company will also participate in the Singapore FinTech Festival as part of its international positioning strategy.

by PRNewswire

Blockchain

Binance Announces New VP of Product at Binance Blockchain Week in Dubai

October 31, 20246 min

In a move to build the next era of financial innovation, Binance appoints seasoned Web2 and Web3 product leader and software engineer Jeff Li to head its global product and design teams

by BusinessWire

Blockchain

Glue Network Bridges Bitcoin to DeFi with Avalanche’s BTC.b Integration

October 25, 20246 min

Glue Network, a user-centric blockchain ecosystem dedicated to making decentralized finance accessible to all, announced the integration of Avalanche’s BTC.b as its default Bitcoin representation. This integration, utilizing LayerZero’s Omnichain Fungible Token (OFT) standard, aims to enhance Bitcoin liquidity and provide users with seamless access to Bitcoin-pegged assets within the Glue ecosystem. BTC.b, developed by the Avalanche Foundation, offers a trustless implementation of Bitcoin on other blockchains. By selecting BTC.b as its primary Bitcoin-pegged asset,...

by PRNewswire

Blockchain

Azura Launches from Stealth to Take DeFi Mainstream

October 23, 20248 min

Seed funding of $6.9 million underscores critical need for a universal application for decentralized finance

by PRNewswire

Blockchain

Chainlink Announces CCIP Private Transactions

October 22, 20246 min

Chainlink's novel CCIP Private Transactions capability, enabled by the new Chainlink Blockchain Privacy Manager, addresses long-standing compliance and confidentiality challenges around blockchain interoperability, paving the way for broader institutional blockchain adoption

by PRNewswire

Blockchain

Drop Protocol Secures $4M in Seed Round Led by CoinFund

October 18, 20248 min

Funds will be used to strengthen the economic viability of sovereign blockchain economies

by GlobeNewswire

Blockchain

UPCX Mainnet announced the launch of Imminent

October 15, 20247 min

UPCX, a high-speed blockchain system, is scheduled to officially launch its mainnet in mid-October. The UPCX mainnet is designed to enhance payments and financial services, marking a critical step towards democratizing global finance. By significantly reducing transaction costs and increasing transaction speeds, the system aims to transform the existing financial infrastructure, empowering users worldwide to take control of their financial future. The UPCX mainnet will be the core network responsible for handling all real transactions...

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