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Planck, an infrastructure protocol targeting the artificial intelligence boom, has launched a layer-0 blockchain aimed at supporting decentralized AI networks, the company said Tuesday.The blockchain is designed to serve as foundational infrastructure for AI applications, particularly those built for decentralized physical infrastructure networks (DePINs). These networks combine hardware, token incentives
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Opinion by: Tracy Jin, chief operating officer of MEXCWhile Ethereum remains the core infrastructure for DeFi and smart contract innovation, it still hasn’t solved its most significant promise: mass adoption. After nearly a decade of development, Ethereum-based apps are still too complex, fragmented and expensive for the average user. The Open
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Nasdaq-listed Mill City Ventures III has completed a major $450 million private placement to pivot its business strategy toward cryptocurrency with a Sui treasury.The non-bank lender and specialty finance company announced on Monday that it has raised approximately $450 million by selling 83 million shares to institutional investors.The offering includes
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Vietnam launched a national blockchain platform designed to serve as the backbone for its expanding digital ecosystem. On Friday, Vietnam announced the state-run blockchain network, which will verify digital transactions and records across different sectors. The new platform, NDAChain, was developed by the country’s National Data Association (NDA) and will be operated
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Societe Generale, the world’s 19th-largest banking conglomerate by assets, is partnering with cryptocurrency asset manager 21Shares to provide liquidity for its crypto-based exchange-traded products (ETPs) in European markets.As part of the partnership, Societe Generale will provide liquidity and market-making services for 21Shares’ cryptocurrency ETPs for investors in Germany and Eastern
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Chinese blockchain Conflux announced the third version of its public network and introduced a new stablecoin backed by the offshore Chinese yuan.According to a report from the Shanghai municipal government on Sunday, Conflux announced the developments during a three-day conference held over the weekend. At the event, Conflux unveiled a
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The US Securities and Exchange Commission (SEC) is considering the creation of an innovation exemption within its regulatory framework to foster tokenization, SEC Chair Paul Atkins said during a press event on Friday, according to Bloomberg.In the Bloomberg report, Atkins said that the SEC staff was considering changes that would
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Bank of America is in the early stages of exploring stablecoins, aiming to leverage blockchain technology to enhance its payment infrastructure.During the bank’s second-quarter earnings call, CEO Brian Moynihan addressed questions about BoA’s stablecoin strategy, noting that the initial focus is “on stablecoins as a transactional device.”Stablecoin-based payment rails could
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Can a blockchain scale without breaking the promise of decentralization? Waterfall Network argues yes by leaving the linear blockchain model behind. In July 2024, Waterfall Network launched its mainnet and joined the short list of layer-1 protocols that depart from the traditional blockchain architecture. In its latest report, Cryptox Research
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As layer-1 networks face pressure to maintain relevance, Ethereum proponents suggest a new path forward: becoming a layer-2 on Ethereum. On Monday, Jason Chaskin, who leads app relations and research at the Ethereum Foundation, sparked a conversation after saying that most layer-1s will become Ethereum layer-2s. He pointed to Celo’s recent
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