Deutsche Bank is building a layer-2 blockchain based on Ethereum to solve the regulatory hurdles financial institutions face using public blockchains, Bloomberg News reported on Dec. 17.   The platform, dubbed Project Dama 2, represents the German banking giant’s attempt to harness blockchain technology’s potential while minimizing risks associated with public ledgers, which can often inadvertently transact…

Bitcoin (BTC) fell to a low of $100,300 following hawkish comments by Fed chair Jerome Powell during the Federal Open Market Committee’s (FOMC) Markets retreated lower despite the expected 25 basis point cut in the US interest rate, bringing the rate to the 4.5% to 4.75% range. Bitcoin was trading at $100,740 as of press time,…

[PRESS RELEASE – Singapore, Singapore, December 18th, 2024] dTRINITY, a next-generation stablecoin liquidity protocol, has announced its mainnet debut on the Fraxtal L2 network. The platform is designed to lower interest expenses and improve yields for stablecoin users, addressing the key challenge of rising credit costs in DeFi. At the core of dTRINITY is a…

[PRESS RELEASE – Dubai, India, December 18th, 2024] Sophon has launched its mainnet, introducing the first-ever Validium on ZKsync powered by Avail DA. With over $500M in Total Value Locked (TVL) through the Sophon farming program, and a growing ecosystem of established partners, Sophon is paving the way for scalable, consumer-focused blockchain applications. The launch…

[PRESS RELEASE – SAN FRANCISCO, United States, December 18th, 2024] Pepeto: The God of Frogs with Utility and a Vision Unlike other memecoins’ trading-centric approach, Pepeto offers a comprehensive utility-driven ecosystem. Pepeto, known as the God of Frogs, aims to adopt all future memecoins and elevate the sector through its zero-fee cross-chain exchange and bridge technology. Pepeto’s Ecosystem Highlights: Zero-Fee Exchange: A listing…

Federal Reserve chair Jerome Powell reiterated the bank’s position on a Bitcoin reserve from an existing legal perspective.

Shiba Inu executives have highlighted the success of the Shibarium protocol after its launch. The Ethereum L2 has inked many milestones since its launch. An executive of the Shiba Inu (SHIB) ecosystem has been reflecting on Shibarium’s journey since its launch. Notably, the Shiba Inu team launched Shibarium, the Layer-2 scaling solution, four years after…

Sportsbet.io, the world’s favourite crypto sportsbook, is celebrating the holiday season with two more blockbuster additions to its roster of ambassadors. Navy Kenzo, the renowned and award-winning Tanzanian afrobeats duo, become the latest superstars from the world of music to ‘Join the Crypto Experience’ with Sportsbet.io. Consisting of Aika and Nahreel, Navy Kenzo are known…

For the third time this year, the United States Federal Reserve, led by Jerome Powell, has implemented its third interest rate cut. Amid the disclosed relative health of the US economy, the Federal Reserve Chairman hinted that the risks to achieving employment and inflation goals appear balanced. This rate cut has pushed the Fed funds…

Bitcoin’s (BTC) climb to record levels has lifted the crypto market, and as the year wraps up, it’s sparking strong bullish sentiment for the future. In the backdrop, there has been a significant surge in Tether (USDT) inflows to exchanges. This stablecoin movement aligns with the ongoing crypto bull rally, which has been underway for…