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Subsquid, a leading Web3 data access layer, has secured $17.5 million in funding and forged a partnership with Google ahead of its highly anticipated token launch, as per the information shared with Finbold on May 16. The financial boost will support the development of Subsquid’s innovative data indexing technology, which aims to revolutionize blockchain data accessibility. Subsquid’s integration with Google BigQuery A major highlight of this development is Subsquid’s integration with Google BigQuery.  Picks for you We asked ChatGPT-4o what will be SHIB price at the end of 2024; Here’s what it said 1 hour ago China dumps largest amount of US Treasury and Agency Debt in history 2 hours ago Market expert sets Bitcoin price for August 2024 3 hours ago Finance legend Ray Dalio thinks there’s a 40% chance of a civil war in the U.S. 3 hours ago By incorporating its software development kit with Google’s powerful data analytics platform, Su...

Dolomite, a leading decentralized finance (DeFi) lending and borrowing protocol, announced it would debut on X Layer, OKX’ innovative and secure Ethereum-based Zero Knowledge (ZK) Layer 2 (L2) network, according to the information shared with Finbold on April 29.  Most notably, the move will introduce new robust asset lending capabilities to users of the Polygon-powered X Layer. New yield-generating assets on Dolomite Following its success on Arbitrum, where it quickly climbed to become the 4th largest lending market and the market with the most supported assets, Dolomite aims to continue its streak on X Layer.  Picks for you Bitcoin's last stand: BTC faces buoyant target amid price bottom calls 27 mins ago Bitcoin Bloodbath 2.0: Will BTC price crash in May? 49 mins ago What’s going on with the Dollar vs. Japanese yen (USD/JPY)? 3 hours ago Trudeau proposes 67% Capital Gains Tax for stocks and crypto 3 hours ago The expansion wil...

Bitfinex Securities debuts as El Salvador’s first licensed digital asset service provider , aligning with the country’s pioneering Bitcoin-focused financial initiatives. The securities token platform, gearing up for a dynamic phase, is now open to customer applications. This development is accompanied by the anticipation of numerous tokenized financial asset issuances, expected to hit the market in the first half of this year. Bitfinex Securities CTO Paolo Ardoino expressed enthusiasm about the launch in El Salvador, highlighting the country’s unique position due to its adoption of Bitcoin as legal tender and efforts to nurture a Bitcoin-centric economy. Ardoino believes the move will benefit Bitfinex and enable El Salvador to attract global investment through competitively priced securities offerings. You might also like: Coinbase challenges SEC’s rejection of digital asset rulemaking petition The company’s optimism is partly fueled by the succ...

The current zero-knowledge (ZK) landscape, while innovative, faces significant challenges, as highlighted in a recent blog post by ZKFair, a new mainnet created by Lumoz.  Issues such as inflated valuations, venture capital dominance, and a lack of differentiation among existing Layer 2 solution s are causing disengagement and manipulation among users. “ZK faces hurdles such as an excessively high valuation, insurmountable barriers to user participation, and often monopolization by VCs,” the post reads, pointing out the need for more equitable and user-centric approaches in the blockchain space. In response to the issues it described, Lumoz announced that its ZKFair project will launch a fully community -owned Layer 2 solution as a testnet on Wednesday, December 6, and mainnet on January 20. ZKFair also announced that the launch will be accompanied by an airdrop that is to distribute 100% of the tokens to the community . A closer look at ZKFair Cryptocurr...

Custodia Bank’s launch of Bitcoin custody follows a series of regulatory challenges the firm faced earlier this year. Custodia Bank, a cryptocurrency-friendly bank founded by Bitcoin (BTC) advocate Caitlin Long, has launch ed its Bitcoin custody platform . The firm took to X (formerly Twitter) on Nov. 7 to announce the launch of Custodia Bank’s Bitcoin custody service targeting businesses like fiduciaries, investment advisers, fund managers and corporate treasurers. The launch comes soon after Custodia Bank earned approval from the Wyoming Division of Banking to go live with its Bitcoin custody service, the announcement notes. Announcing the news, Custodia Bank emphasized that the platform is a non-lending bank built by Bitcoiners and offers segregated custody accounts on its “custom-built Bitcoin custody platform .” The statement said that Custodia Bank offers integrated Bitcoin custody and U.S. dollar services on one platform, which is designed to simplify user operations and re...

SK Telecom aims to expand its “affiliations with customer-preferred mainnets and decentralized applications (dApps)” using this tripartite agreement with the blockchain companies. South Korean telecom giant SK Telecom (SKT) announced plans to launch a Web3 wallet service, T wallet , in partnership with layer 1 mainnet Aptos Labs and Atomrigs Lab. SK Telecom’s vision to launch a blockchain wallet for cryptocurrencies and nonfungible tokens (NFTs) dates back to July 2022. The initiative at the time kicked off with SKT’s blockchain arm collaborating with AhnLab Blockchain Company and Atomix Lab to develop and operate a Web3 wallet . SKT가 '웹3 지갑' 개발을 위해 안랩블록체인컴퍼니, 블록체인 전문기업 아톰릭스랩과 협력합니다. 웹3 지갑은 사용자가 블록체인 네트워크 상에서 발행된 다양한 유형의 토큰을 저장·전송·수신할 수 있는 디지털 자산 지갑입니다. https://t.co/bi8SIDKK2M#SK텔레콤 #블록체인 pic.twitter.com/HFGCl3cIN8 — SK telecom (@SKtelecom) July 11, 2022 According to the latest announcement, SKT aims to expand its “affiliations with customer-preferred mainnets and d...

VanEck, a recognized name in financial investments, is gearing up to introduce the VanEck Ethereum Strategy ETF, also known as EFUT. EFUT is an actively managed fund investing in Ethereum (ETH) futures contracts, without direct exposure in the coin. When you’re ready, ENTER THE ETHER. The VanEck Ethereum Strategy ETF ($EFUT) is coming soon. Read our press release: https://t.co/4QPOVd5nB2 pic.twitter.com/vSF3HzMuvC — VanEck (@vaneck_us) September 28, 2023 The launch showcases a growing interest in the potential of Ethereum and the burgeoning desire to provide investors with instruments to gain exposure. EFUT diverges from the conventional approach to crypto ETFs since it is crafted not to directly invest in Ethereum or any other digital currencies. Instead, it will channel investments into standardized, cash-settled ETH futures contracts sourced exclusively from commodity exchanges endorsed by the Commodity Futures Trading Commission (CFTC). You might also like: US ...

Swisstronik, a layer-1 network focused on user privacy and regulatory compliance, has announced the close of its $5 million seed funding round , and the launch of its private token sale. Swisstronik closes seed funding round After a successful seed round, Swisstronik intends to utilize the funds for team expansion, technology development, and the planned 2024 launch of its mainnet. Simultaneously, they have initiated a private token sale, providing individuals and businesses with an exclusive early investment opportunity to secure SWTR tokens required for accessing the Swisstronik Network ahead of the public launch. You might also like: Malta takes next steps to align with EU’s MiCA regulation Swisstronik has already closed on its first deal in the ongoing private token sale, with MAQ Capital Home, a UAE-based venture capital represented by Mohammed Abdul Qadir Jihad. This led to MAQ Capital Home acquiring $500,000 worth of future SWTR token s, which would allow the ...

Crypto-friendly bank DBS has conducted the first e-CNY transaction for corporate clients, involving a catering company in Shenzhen. Cryptocurrency-friendly bank DBS is cooperating with mainland China on the development of a new payment solution for the digital yuan, also known as e-CNY. DBS Bank China officially announced on July 5 the launch of the e-CNY merchant solution, allowing mainland businesses to receive payments in the central bank digital currency (CBDC). The new service will allow corporate clients of DBS Bank China to collect payment s from their customers in e-CNY and conduct automated settlement of e-CNY directly into their CNY bank deposit account. DBS’ solution is designed to enable a number of benefits, allowing businesses to collect CBDC “without having to go through manual settlement processes,” the announcement notes. The tool also features capabilities allowing merchants to receive payments in underserved regions with limited internet connectivity. Additionally...