Author: Crypto Insider

Hyperbridge, a long-awaited protocol for crosschain applications, launches its mainnet on Polkadot. Contrary to traditional finance, blockchain space is ripe with networks that can’t communicate with each other on their own. The lack of native interoperability between blockchains has long been an obstacle that prevents asset and data transfer across chains. Interoperability is key to crafting a…

DeFi Technologies, a cryptocurrency investing platform, has created a new company called SolFi designed to be a “Microstrategy for Solana”, according to a Nov. 12 announcement. SolFi is a spin-off of DeFi Technologies focused entirely on “providing investors with direct exposure to the Solana blockchain ecosystem through proprietary trading, validator node operations, and ecosystem investments,” DeFi Technologies said….

PayPal’s United States dollar-pegged stablecoin, PayPal USD has integrated with the cross-blockchain bridging protocol LayerZero to enable transfers between Ethereum and Solana. In a Nov. 12 statement, LayerZero said that PYUSD now uses its Omnichain Fungible Token (OFT) Standard to enable the crosschain transfers, which will “enable users who self-custody their tokens to seamlessly transfer assets…

ARK Invest founder and CEO Cathie Wood expects that a “changing of the guard” at the United States Securities and Exchange Commission may turbocharge the economy and bring about an influx of innovation and investment in emerging technologies. “Deregulation, defanging the SEC, FTC, and others, government spending cuts, tax cuts, and a focus on technologically…

Organized by the DMCC Crypto Centre and Bybit, the second iteration of the Web3 Unleashed hackathon will see 15 promising Web3 projects competing for a prize pool of $160,000. Dubai has established itself as a global hotspot for Web3 and blockchain ecosystems. From its crypto-friendly regulations to dynamic events, the United Arab Emirates metropolis has…

The cryptocurrency market has transformed the financial landscape by introducing decentralized finance (DeFi) and innovative economic models. As a digital ecosystem where traditional intermediaries are bypassed, DeFi promises transparency, security and inclusivity. But here’s the catch: not all areas of the cryptocurrency market have fully embraced decentralization. Some corners of the crypto landscape, like market making, are…