DeFi

Polygon said on Oct. 10 that its zero knowledge-EVM public testnet for Hermez, which Polygon acquired last year for $250 million, went live. The company continues targeting the mainnet going live sometime in early 2023, calling it “the next step for Ethereum.” DeFi protocols Aave and Uniswap will also be launching on its testnet. At…

Top crypto news from the Middle East region over the last week (Oct. 1–7, 2022): Future Blockchain Summit: Chainalysis experts to discuss blockchain risks, opportunities, and compliance  Chainalysis, the blockchain data platform, announced its plans to participate in the 2022 edition of the Future Blockchain Summit, taking place in Dubai from Oct. 10-14. Through a…

As I write, the cryptocurrency bear market is roaring, again, and seems to throw off a headline a day. Perhaps the most spectacular statistic is that $2 trillion has been lost since November 2021 and some commentators are saying that there is worse still to come. So, it may seem a strange moment to champion…

Users of the decentralized exchange aggregator 1inch Network can now use human-readable addresses supplied by Unstoppable Domains within 1inch’s product ecosystem. Unstoppable Domains hit over 2.5 million registered domains, which can be used perpetually, amid a recent surge in domain name service popularity. According to the new agreement, users of the 1inch Wallet can purchase…

Top investment deals across the crypto sector over the last week (Sept. 24–30, 2022): Deribit raises $40 million from existing investors at a $400 million valuation Deribit, the largest Bitcoin options exchange by market share, has raised funds from existing investors at a $400 million valuation, The Block reported. The Panama-based exchange raised around $40…

Interbank messaging service SWIFT has partnered with Chainlink Labs (LINK) for a cross-chain interoperability proof-of-concept project. The project would connect SWIFT’s network to every blockchain to allow traditional finance players access to digital and traditional assets within the single network. The link-up was announced at an event in New York on Sept. 28. At the…