DRIFE, a decentralized taxi app, has recently integrated Layer 1 Sui blockchain to enhance the onboarding process for ride-hailing users. This integration aims to provide a seamless and simplified experience for users in India and the UAE, without the need for intermediaries. One of the key benefits of DRIFE is its ability to eliminate intermediaries,
Blockchain
Data Ownership Protocol, a blockchain privacy-focused protocol, recently announced a successful token sale, raising an impressive $162 million. The protocol, which aims to bring selective transparency to Ethereum, has garnered a significant following with over 2.67 million users participating in its testnet. One of the key objectives of Data Ownership Protocol is to give users
Cryptocurrency exchange platform, Crypto.com, has recently announced its plans to launch its app in South Korea on April 29, expanding its global presence to reach retail customers in the country. This move comes after receiving regulatory approvals, allowing users in South Korea to access over 150 cryptocurrencies and participate in exclusive non-fungible token (NFT) projects
China’s recent announcement of the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative” signifies a significant step towards utilizing blockchain technology for seamless cross-border transactions. Led by Conflux Network, this initiative aims to create a public blockchain infrastructure platform to support cross-border cooperation projects along the Belt and Road Initiative. The project
Degen Chain, a layer-3 blockchain built on top of the Base network, has rapidly caught the attention of investors and traders, witnessing a surge in transactional volumes reaching close to $100 million within just 24 hours. Since its launch four days ago, the network has processed over 272,000 unique transactions. Despite this impressive growth, it
Tinkoff Bank, one of the prominent banking players in Russia, has recently received a license to issue and trade “digital financial assets” (DFAs) within the country. This significant development was reported by Interfax, which stated that the Central Bank has officially approved Tinkoff to operate as a DFA provider. This move by Tinkoff comes shortly
Over the weekend, Ethereum co-founder Vitalik Buterin was seen out and about in Pangyo, a tech-focused town in South Korea. This surprised and delighted the nation’s crypto community, who were excited to have him in their midst. Buterin was in South Korea to attend various events, including an Ethereum-related conference. Not only did he deliver
Grayscale, a well-known digital asset management firm, recently made headlines by announcing the release of its latest investment product, the Grayscale Dynamic Income Fund (GDIF). This new fund, tailored specifically for accredited investors with a net worth of at least $2.2 million, is set to focus on proof-of-stake tokens and aims to maximize income through
In a recent turn of events, the crypto exchange HKVAEX, associated with Binance, has decided to withdraw its virtual asset trading platform license application from the Hong Kong Securities and Futures Commission (SFC). This move comes after the deadline set by the Hong Kong securities regulator for crypto exchanges and firms to apply for the
In 2023, the world of cryptocurrency saw a significant decrease in illicit transactions, with data from TRM Labs showing a drop of $14.7 billion from the previous year. Despite the overall decrease, TRON blockchain stood out as the host of 45% of all crypto frauds in 2023, which is a 4% increase from the previous
