Announcements

The Milkomeda Foundation has announced the launch of C1, a sidechain that is compatible with Ethereum Virtual Machine (EVM) and connected directly to the Cardano blockchain. In response to the rollout of this layer-2 solution, Cardano’s native token (ADA) has rallied more than 32% over the week, outperforming other major altcoins. According to a Monday…

The Bank for International Settlements (BIS) Innovation Hub collaborated with central banks from Australia, Malaysia, Singapore, and South Africa to develop prototypes of two versions for an international settlement platform that uses different central bank digital currencies (CBDCs). According to the executive summary of the report, the project’s first phase was successful in developing functioning…

Crypto.com has signed an agreement with Investopia Summit as the exclusive global crypto trading platform partner. The first edition of the summit will be held on March 28 in the UAE alongside Expo 2020 Dubai. It will become one of the major strategic initiatives under the ‘Projects of the 50’ backed by the UAE Government….

Alchemy Pay, a crypto payment provider, partnered with GrePay, a global acquirer and payments provider, to expand its services to global markets, including the UAE, India, Pakistan, Mexico, Brazil, Chile, and Colombia. With over 100 local payment channels, GrePay processes over 200,000 transactions per day. Using these channels, Alchemy Pay aims to connect crypto service…

Cypher Capital, a Dubai-based venture capital company, is launching a $100 million seed fund aimed at investing in crypto and digital assets. It plans to invest 40% of its funds in the emerging blockchain and crypto startups in India. The fund, financed by the company’s founder, Bijan Alizadeh, will also invest in decentralized finance platforms,…

The crypto exchange Crypto.com has agreed a sponsorship deal with FIFA for the Qatar World Cup, being held this year in Qatar. The Singapore-based company will be the exclusive cryptocurrency trading platform for the famed sports event, which runs from November 21 to December 18. The crypto exchange Crypto.com will be an official sponsor of…