Bank of America: Innovation to Expand Decentralized Finance Functionality Over Time
Developer activity and adoption is the key to success, the report said. Source
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Functionality
PBoC Launches Digital Yuan Smart Contract Functionality on E-Commerce App Meituan
The Chinese central bank has launched smart contract functionality for its digital yuan amid new use cases.China recently launched smart contract functionality on its digital yuan via one of its prominent indigenous e-commerce apps, Meituan. Through this newly-enabled smart contract, users could win part of a daily monetary price ($1,312)
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China Launches Smart Contract Functionality on Digital Yuan Through E-Commerce App Meituan
The smart contracts used by Meituan are used to divide up a daily prize of 8,888 RMB ($1,312), according to local media outlet 8btc, which is focused on cryptocurrency and Web3 reports, and other mainstream internet media outlets in China. When a user places an order with the app and
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Fintech-Ideas brings blockchain functionality to its range of platforms – Blockchain News, Opinion, TV and Jobs
Enterprise software developer Fintech-Ideas, specializing in sourcing, financing and developing in-house products aimed at fintech and marketing industries, has integrated a suite of blockchain tools to
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US needs ‘electronic tokens’ with functionality of cash — Software Freedom Law Center legal director
Mishi Choudhary, the legal director of the Software Freedom Law Center, supported the efforts of some United States lawmakers to develop an electronic version of the U.S. dollar.In written testimony for a Thursday hearing of the House Financial Services Committee on digital wallets, Choudhary said the United States needed “a
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Unleashing DeFi Potential In Security & Functionality
Anybody who has had to take out a loan knows that the process is often long and often includes humiliating strings attached to the loan. The current state of financial products is such that banks demand complete control over loans and those who take out those loans. ADALend is changing all
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Neon Labs Raises $40M to Bring EVM Functionality to Solana
According to a Neon Labs press release, the raise was conducted via a token sale and “will be used to rapidly scale the Neon Labs team in categories spanning research, core development, marketing and business development,” as well as on a grants program. Source
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Atari DEX, Smart Wallet Bring New Level of Functionality to Atari Chain, Make It Ready for Prime Time
The Atari DEX currently offers the ability to exchange between ATRI, Ethereum (ETH) and Fantom (FTM) via a MetaMask browser extension.As the blockchain revolution continues to take the world by storm and the decentralized finance scaffolding gets put in place, companies and projects that want to stay relevant must evolve
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Crypto.com unveils EVM blockchain functionality and related fund
In the coming months, Crypto.com’s blockchain will let projects built on Ethereum transfer over to its ecosystem via Ethereum Virtual Machine, or EVM, compatibility. The company also unveiled a related fund to bolster interested projects.According to a Friday public statement from the company provided to Cryptox, the EVM feature goes
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Sensorium Burns Over $10B Worth of SENSO Tokens; Reveals NFT Functionality
Sensorium Corporation, the company behind the highly-anticipated digital metaverse Sensorium Galaxy, has burned 4.2 billion SENSO tokens reducing the existing supply by 70%. To date, this is the largest token burning in the entire history of cryptocurrencies. In dollar value, this supply shedding is estimated at $10 billion. As of this
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