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How will Blockchain Technology Affect the Art World

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Innovations in technology have always resulted in changes in the way art is created and presented. Woven canvas resulted in mobile paintings, photography allowed for abstract compositions, electric light brought new ideas in color theory and now Blockchain technology is inspiring digital works.

Art and technological innovation are inseparable

As industry begins to implement Blockchain ledger technology to make business run more efficiently artists are examining the physical, monetary and theoretical aspects of art in the digital world.

In December of 2017 Distributed Gallery launched what they called The Ready Made token. Hosted on the Ethereum network this unique unit of cryptocurrency advertised as being designed by artist Richard Prince.

The fact that Richard Prince, a name that looms large in the international art world, was involved brought Distributed Gallery to immediate notice and established a new level of prominence to Blockchain based artwork.

“I have no idea what a blockchain is. That’s why I have one. Or not. I’m not sure. Maybe I do and don’t realize it. Anyway I still don’t know what it is.”

Richard Prince.

Unique works trade just like currency

The story quickly unraveled as the creator Olivier Sarrouy a philosophy and sociology professor at the University Rennes 2 revealed that he had appropriated the name Richard Prince to garner attention to their ready-made as part of a long tradition among artists of appropriating others work to push the boundaries of a genre.

The reveal happened as part of the Rare Digital Art Festival that took place in mid-January which focused on ‘internet assets that have previously been infinitely copyable (songs, memes, etc) and turn them into provably rare, tradable blockchain assets.’

The festival featured speakers involved in developing Blockchain based artwork in theory as well those who are already monetizing their creations.

Mack Flavelle the founder of CrytpoKitties, the closest thing to a Blockchain based fad outside of cryptocurrency itself to really take off was there. So was Jess Houlgrave who recently finished a dissertation at Sothebys Institute of Art on assessing the use of Blockchain in the art world.

As was Matt Hall one of the co-creators of crypto-punks; 10,000 unique algorithm characters that are traded on Ethereum platform. The first 9,000 of which were given away for free and are now trading at as much as 10 Ether or $13,500.

Regardless of the way that cryptocurrency as we know them today pan out in the near future, what no one disputes is that the technology on which they are based is going to be game-changing for business across the board and the art market will be no exception from that.

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Nium and Partior Partner on Real-Time, Cross-Border Payments, Clearing and Settlement

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Nium, the leading global infrastructure for real-time cross-border payments, today announced a partnership with Partior, the blockchain-based fintech for clearing and settlement at the Singapore Fintech Festival 2024. The partnership makes Nium the first fintech payment service provider (PSP) on the Partior network. Financial institutions will be able to connect with Nium via Partior for 24×7, transparent, real-time payouts, clearing, and settlement to over 100 markets worldwide. Importantly, the connection will require no additional API integration work, streamlining what historically took months of resource-intensive work.

This new partnership builds on Nium’s recent strategy to connect more networks to its real-time payments’ infrastructure. By joining the Partior network, Nium is extending its connectivity to one of the most innovative networks in the industry. Partior’s blockchain-powered platform effectively resolves longstanding inefficiencies in global payments, such as settlement delays, high costs, and limited transaction transparency. In today’s global landscape, where companies operate around the clock, effective liquidity management is essential for both corporate and financial institutions. This collaboration allows Nium to offer its clients the ability to execute real-time multi-currency payments and Payments versus Payments (PvP) settlements, further simplifying access to its global payments network.

“Nium’s partnership with Partior brings us closer to becoming the most connected payments network globally. By integrating with advanced networks, such as Partior, we are ensuring that financial institutions can quickly and easily access our real-time payments infrastructure without the need for complex technical integrations,” said Alexandra Johnson, Chief Payments Officer at Nium. “Recognizing how resource-constrained financial institutions are, we’re eliminating barriers to using our network and increasing interoperability to deliver on our mission of having seamless and streamlined real-time payments to anyone, anywhere.”

Humphrey Valenbreder, Chief Executive Officer at Partior said, “Partnering with Nium marks a significant step in our journey to further advance the global payments landscape. By combining Partior’s real-time blockchain settlement network with Nium’s vast global reach, we’re empowering financial institutions to break down long-standing barriers. Imagine a world where cross-border payments are instantaneous, transparent, and accessible to all. This is the future we’re building together.”

As part of its continued expansion, Nium’s partnership with Partior enhances its ability to facilitate frictionless global transactions and unlock new services such as intra-day FX swaps, cross-currency repos, programmable enterprise liquidity management, and Just-in-Time multi-bank payments for financial institutions worldwide.

Nium’s growing network, supported by these strategic partnerships, is setting a new standard for how financial institutions can access and benefit from global payments, paving the way for a more efficient and transparent financial ecosystem.

About Nium

Nium, the leading global infrastructure for real-time cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 220+ markets, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 40 markets. Nium’s growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore.

About Partior

Partior, the blockchain-based fintech for clearing and settlement, is redefining the way value moves globally. Founded in 2021, Partior is backed by founding shareholders DBS, J.P. Morgan, Standard Chartered, and Temasek, and Series B lead investor Peak XV. Partior is addressing the operating inefficiencies experienced by industry players, including settlement delays, limited transaction transparency and high operating costs, and facilitates the movement of liquidity for financial institutions and their customers. Its network offers real-time multi-currency payments, and Payments versus Payments (PvP) settlement. Additionally, it is exploring new services including Intra-day swaps, Delivery versus Payments (DvP) settlement and enterprise solutions.

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SingularityDAO Approves Merger With Cogito Finance and SelfKey Following SDAO Community Vote

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SingularityDAO has concluded a community vote to determine its proposed merger with Cogito Finance and SelfKey. SDAO holders voted overwhelmingly in favour of the merger, enabling SingularityDAO to press ahead with plans to form Singularity Finance, an EVM Layer 2 for tokenising the AI economy.

The proposal to merge with Cogito Finance and SelfKey and combine technologies to create Singularity Finance was put to SDAO holders via Snapshot, the popular governance framework. More than 15M SDAO were used in the voting process with 94.78% of the tokens utilised approving the merger.

SingularityDAO Co-Founder Mario Casiraghi said: “We’re grateful to all SDAO holders for participating in this pivotal governance vote and having their say on the future of SingularityDAO. With their approval, we will now move ahead with the proposal to create Singularity Finance as an L2 that combines the best elements of SingularityDAO with those of our partners SelfKey and Cogito Finance to accelerate DeFi and AI innovation.”

Following the governance vote, SingularityDAO is poised to proceed with the merger pending an imminent community vote on behalf of KEY holders that will determine SelfKey’s position. The creation of Singularity Finance would enable the three projects to align to develop solutions across all stages of the Artificial Intelligence (AI) value chain.

Singularity Finance has been conceived with the goal of supporting an array of AI-driven financial services including RWA tokenisation and onchain identity management. Through positioning itself as a leader in the rapidly growing AI economy, the Layer 2 will attract developers and users seeking to gain exposure to the new use cases and assets the industry supports.

Cloris Chen, CEO of Cogito Finance, shared in a quote: “The overwhelming community support for the SFI merger is a powerful testament to the shared vision we have for the future of finance. By combining our expertise and technologies, we are poised to unlock unprecedented opportunities at the intersection of AI and DeFi. Singularity Finance will be a leading force in driving innovation and accessibility in this dynamic landscape, empowering individuals and institutions alike.”

The existing AI-powered portfolio management services SingularityDAO currently provides will be enhanced by the incorporation of compliance and RWA tokenisation solutions courtesy of SelfKey and Cogito Finance respectively. This will include financial tools that enhance and automate analysis, portfolio, and risk management leveraging SingularityDAO’s AI-driven DynaVaults and other technologies.

The proposed merger will see a leadership council for Singularity Finance established to oversee operations of the newly merged financial ecosystem. The council will be led by Dr. Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance; Cloris Chen, CEO of Cogito Finance; and Mario Casiraghi, CFO of SingularityNET and Co-Founder of SingularityDAO.

About SingularityDAO

SingularityDAO is a decentralised Portfolio Management Protocol designed to democratise access to sophisticated crypto asset management tools. The upcoming DynaVaults, multi-asset, multistrategy vaults leveraging AI-enhanced analytics and risk management tools, provide the much needed infrastructure in the volatile world of DeFi.

Learn more: https://singularitydao.ai/

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Solv Strengthens Core Blockchain with Its Addition as a New Validator

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The Core Foundation, the entity committed to growing Core’s leading BTCfi ecosystem, has announced the addition of Solv to its validator set, a significant step in enhancing the security and decentralization of the Core blockchain ecosystem. The move comes as the network continues to expand its footprint in the Bitcoin staking and BTCfi space.

Validators on the Core blockchain play a crucial role in maintaining the integrity of the network. They validate transactions, produce new blocks, and ensure that the blockchain adheres to its rules and protocols. Solv, the leading Bitcoin Staking Platform, will now help safeguard the Core ecosystem. Their election as validators underscores Core’s commitment to building a robust and secure network.

This addition comes as Solv has recently announced that it has successfully raised $11 million at $200 Valuation, bringing its total funding to $25 million. The new capital will fuel the expansion of their Staking Abstraction Layer (SAL), advocating to drive mass adoption of Bitcoin Staking. The round included Nomura subsidiary Laser Digital, Blockchain Capita, OKX Ventures, and Core Ventures, the strategic venture arm of the Core blockchain. Solv Protocol’s SolvBTC product has more than 20,000 BTC staked ($1.3 billion) deployed across 10 major blockchain networks. More recently in early October, Core and Solv joined forces to launch SolvBTC.CORE, a Liquid Staking Token for Bitcoin, where 500 SolvBTC were staked to SolvBTC.CORE in under 2 hours. Contributing to this traction is Core Ignition Drop, an incentive platform where participants can further enhance their yields through DeFi activities.

“At Solv, we are thrilled to join forces with Core as a validator and to contribute to securing the next wave of Bitcoin innovation. With SolvBTC.CORE, we enable users to stake their Bitcoin and earn real yields, while keeping full liquidity and tap into DeFi applications. Our Staking Abstraction Layer (SAL) simplifies and standardizes Bitcoin staking. SolvBTC.CORE is one of the first products introduced within the SAL framework, serving as a testament to our mission of making Bitcoin staking more accessible to everyone,” said Ryan Chow, Co-founder & CEO of Solv Protocol.

Core’s unique approach to security combines Bitcoin’s mining power with an Ethereum-compatible blockchain infrastructure. Around 55% of Bitcoin’s mining hash power contributes to securing Core, which operates using the Satoshi Plus consensus mechanism—an innovative model that merges Delegated Proof of Work (DPoW) with Delegated Proof of Stake (DPoS). This allows Core to benefit from Bitcoin’s established security while supporting smart contract execution and decentralized applications.

The validators’ role goes beyond just security. Through an epoch-based election cycle, validators like Solv are elected based on the Bitcoin and CORE tokens staked in their favor, as well as the Bitcoin hash power delegated to them. Validators are rewarded for their efforts and share these rewards with delegators who stake CORE tokens or contribute hash power.

With the addition of Solv, Core aims to further decentralize its network while increasing the trust and stability of the blockchain. As Core continues to grow, these collaborations highlight the increasing confidence in the network’s security model, attracting both institutional and individual participants.

Core launched Non Custodial Bitcoin staking in April 2024, allowing users to earn a risk-free return by locking their Bitcoin in time-locked contracts, without giving up custody. This product has seen significant adoption, with nearly 5,000 Bitcoin staked, as it provides an opportunity for Bitcoin holders to generate yield without additional risks. Furthermore, the BTCfi ecosystem on Core is already growing, with over 400 million dollars in TVL and more than 80,000 daily active users. Core’s ecosystem supports DeFi applications, staking, payments, gaming, NFTs and more, all built on Bitcoin’s secure foundation.

This latest development marks an important milestone for Core as it seeks to strengthen its position as a Bitcoin-aligned, secure blockchain platform.

About Core

Core serves as the Proof of Stake layer for Bitcoin as the first enabler of Self-Custodial Bitcoin Staking, which secures a fully EVM-compatible BTCfi ecosystem. Since April 2024, over 6,000 BTC valued at more than $394 million have been staked with Core, enhancing Bitcoin’s utility and security.

Core is the most Bitcoin-aligned EVM blockchain with ~55% of Bitcoin mining hash power contributing to the network’s security. This breakthrough has amassed millions of Core adopters – over 22.5M unique addresses, 292M+ transactions, and over 444M TVL since its mainnet launch in January 2023.

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Chainlink Data Streams Is Now Live on opBNB To Power Secure DeFi Markets on the Optimized Layer-2 Solution

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Chainlink, the industry-standard decentralized computing platform, and BNB Chain, a community-driven blockchain ecosystem of Layer-1 and Layer-2 scaling solutions, announced today that Chainlink Data Streams, the all-in-one data solution for the DeFi market, is now live on opBNB, a high-performance layer 2 solution, with KiloEx, a decentralized perpetual exchange as a launch user for Data Streams on opBNB to help power their decentralized perpetuals.

opBNB is a layer-2 scaling solution for BNB Chain. It enhances scalability by offloading transaction processing and resource usage from BNB Chain while posting data to mainnet. Users can easily deposit funds from BNB Chain to opBNB, allowing them to interact with various applications and smart contracts on the network. The sequencer aggregates transactions, computes state transitions, and submits them to the rollup contract on BNB Chain, while provers generate cryptographic proofs to verify these transitions. opBNB can support up to 5,000-10,000 transactions per second (TPS).

“Chainlink Data Streams will significantly enhance the capabilities of high-performance DeFi applications on our optimized layer-2 solution. Data Streams’ low-latency delivery of market data, coupled with its battle-tested infrastructure, made it an obvious choice for the opBNB ecosystem.”—Marwan Kawadri, Head of EMEA, BNB Chain.

BNB Chain adopted Chainlink Data Streams as its preferred low-latency oracle solution for opBNB because it supplies premium high-frequency market data using proven Chainlink infrastructure. Not only does Data Streams deliver unmatched functionality—with advanced features such as liquidity-weighted bid-ask spreads and sub-second execution speed—but it does so without compromising on transparency and decentralization.

“We’re excited to see Chainlink Data Streams integrated on opBNB, as this will significantly increase the security and reliability of high-performance DeFi apps on the layer-2 network.”—Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs.

“We’re excited to have opBNB adopt the ultra-low-latency Chainlink Data Streams to bring highly accurate and reliable price information to the BNB Chain layer-2 solution. KiloEx is integrating this sub-second data to power our perpetuals and facilitate accurate and timely liquidations.”—Joey, Kiloex Founder.

If you’d like a deep dive into how Chainlink Data Streams works, read Chainlink’s blog post. If you’re a developer and want to start building with Chainlink Data Streams, check out the developer docs.

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $16 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:

  • BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
  • opBNB: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.
  • BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.

Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.

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COGGIE: COGGIE Review of Innovative Stablecoin Solutions Addressing Price Volatility and Boosting DeFi

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COGGIE has announced the launch of its innovative stablecoin solutions, designed to address the challenges posed by significant price volatility in the cryptocurrency market. With the increasing demand for stable assets, COGGIE’s new offerings aim to provide investors with secure, reliable options for preserving value and facilitating transactions.

Stablecoins are digital assets that offer the benefits of cryptocurrencies while maintaining price stability by pegging their value to fiat currencies or other stable assets. By introducing its own stablecoin solutions, COGGIE aims to enhance user experience, allowing investors to hedge against market fluctuations while enjoying the flexibility of digital assets.

New Stablecoin Features from COGGIE

The newly launched stablecoins will fall into several categories, providing diverse options to meet user needs:

Fiat-Collateralized Stablecoins:
COGGIE will introduce fiat-collateralized stablecoins that are pegged to the US dollar at a 1:1 ratio. These stablecoins will be backed by a reserve of fiat currency held in secure accounts, ensuring users can redeem them with confidence. This offering will enhance liquidity and stability within the platform, making it easier for investors to navigate market volatility.

Crypto-Collateralized Stablecoins:
In addition to fiat-collateralized options, COGGIE will also launch crypto-collateralized stablecoins. These stablecoins will be backed by other cryptocurrencies, utilizing smart contracts to ensure price stability. By allowing users to lock their assets in a decentralized manner, COGGIE aims to provide a flexible and secure alternative for those looking to engage in DeFi activities.

Algorithmic Stablecoins:
COGGIE is set to explore algorithmic stablecoins, which adjust their supply dynamically based on market demand. This innovative approach will provide an additional layer of stability, appealing to users seeking more decentralized options in the cryptocurrency ecosystem.

Advantages of COGGIE’s Stablecoin Solutions

The launch of these stablecoin solutions comes with several advantages for investors:

  • Price Stability: Users can expect minimal price fluctuations with COGGIE’s stablecoins, providing a reliable option during periods of market volatility.
  • Enhanced Liquidity: By offering stablecoins as trading pairs, COGGIE facilitates smoother transactions, enabling users to easily convert between cryptocurrencies.
  • Decentralized Finance Support: The new stablecoin offerings will play a vital role in the growing DeFi ecosystem, allowing users to participate in lending, staking, and liquidity mining without exposure to traditional cryptocurrency volatility.
  • Cross-Border Transactions: COGGIE’s stablecoins will simplify international payments, making it easier for users to transact globally with lower fees and faster processing times.

Commitment to Security and Compliance

As COGGIE rolls out its stablecoin solutions, the platform remains committed to maintaining the highest standards of security and compliance. All stablecoin reserves will be regularly audited to ensure transparency and trust among users. Additionally, COGGIE will work closely with regulatory bodies to ensure that its stablecoin offerings meet the necessary legal requirements.

Future of Stablecoins at COGGIE

With the launch of these innovative stablecoin solutions, COGGIE is positioned to enhance its offerings within the cryptocurrency market significantly. As demand for stable assets continues to rise, COGGIE remains dedicated to providing users with secure, reliable, and innovative options for managing their digital assets.

This strategic move reaffirms COGGIE’s commitment to being at the forefront of the cryptocurrency landscape, empowering users to navigate market volatility with confidence and ease.

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Aleph Zero Launches Subsecond Shielding on Testnet, Delivering Client-Side ZK Privacy for DeFi

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Most zero-knowledge proofs are generated server-side for scaling, but Aleph Zero’s zkOS does that directly on users’ devices, offering privacy in a fraction of second

Aleph Zero, the leading blockchain platform recognized for its focus on privacy and scalability, announces the launch of the first feature of zkOS (zero-knowledge operating system)—Shielding, on its EVM Testnet. This release marks the first opportunity for users to experience the shielding feature of zkOS in action, demonstrating the speed and privacy capabilities of Aleph Zero’s zero-knowledge proof (ZK) technology optimizations.

Privacy at Lightning Speed

The Shielding Demo release is a significant milestone for Aleph Zero, representing its commitment to developing practical privacy solutions for the blockchain industry. Aleph Zero’s zkOS enables zero-knowledge proofs to be generated client-side—meaning data is encrypted locally on the user’s device and never leaves unencrypted—providing high levels of privacy without compromising transaction speed. The Shielding Demo serves as the first practical interface for users to experience this privacy functionality, with zero-knowledge proofs generated within 0.5-3 seconds, ensuring that privacy has minimal impact on transaction performance.

“Privacy has long been a challenge in blockchain, often due to poor user experience,” said Adam Gagol, Co-Founder & CTO of Aleph Zero. “With today’s release, we’re delivering one of the fastest client-side ZK directly to users, combining privacy and performance. The release of the Shielding Demo offers a glimpse into how zkOS can bring privacy to DeFi without sacrificing speed or usability.”

How the Shielding Demo Works

The Shielding Demo provides an intuitive interface for users to test Aleph Zero’s zkOS privacy layer. Here’s how it works:

  • Data Privacy: zkOS generates zero-knowledge proofs locally on the user’s device, ensuring that data remains private and secure.
  • Transaction Flow: Users generate ZK proofs, send transactions to a relayer, and then they are executed on-chain—all while maintaining privacy.
  • Fast Proving Times: The system delivers ZK proofs in 0.5-3 seconds on most devices, demonstrating zkOS’s speed and its minimal impact on transaction times.

The Testnet version of zkOS allows users to interact with the system and witness its capabilities, though Aleph Zero notes that the privacy features will be built directly into the upcoming Common app.

Why zkOS Matters: A Glimpse Into the Future

The launch of the Shielding Demo on Testnet is only the beginning. Aleph Zero’s roadmap for zkOS extends far beyond this initial release, with ongoing work on simplifying the user experience and the introduction of additional privacy features, such as ZK-ID and anonymity revokers, to ensure both privacy and protection against fraudulent use of the platform.

The system is designed to be easily integrated by developers, providing a privacy framework that requires minimal cryptographic knowledge. This simplicity, combined with Aleph Zero’s rapid client-side ZK proof generation, makes zkOS a critical tool for developers building privacy-centric applications across DeFi and other web3 sectors.

Unlocking Privacy for New Use Case

The privacy space in blockchain has been facing increased challenges, such as regulatory scrutiny and delistings, often due to concerns over non-compliance. Aleph Zero’s zkOS offers a fresh approach by delivering privacy solutions that balance user confidentiality with regulatory requirements. Instead of focusing solely on anonymity, zkOS is designed to meet both the needs of users and the evolving demands of compliance.

zkOS enables users to manage their assets securely across multiple blockchains, ensuring their transactions remain private. Unlike traditional privacy methods that rely on centralized or hardware-based systems, zkOS operates directly on the client-side, safeguarding privacy without external dependencies.

Next Steps for Aleph Zero

As the Testnet release progresses, Aleph Zero is focusing on refining Shielding and zkOS for its Mainnet deployment. Users who engage with the Shielding Demo will have the opportunity to be whitelisted for upcoming zkOS Beta testing on Aleph Zero’s EVM Mainnet.

About Aleph Zero

Aleph Zero is an ecosystem of blockchain solutions that are engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via zero-knowledge proofs (ZKP), and offers a comprehensive toolset for development across web3, ranging from WASM-based Rust to EVM-based Solidity environments. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications supported by Aleph Zero programs.

For more information, visit https://alephzero.org/.

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Miracle Cash & More launches novel liquidity pool on the popular Avalanche blockchain

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Miracle Cash & More, a leader in decentralized finance (DeFi) innovation, is proud to announce the launch of its new liquidity pool on the Avalanche blockchain. This innovative pool, called Phoenic Leveller, marks the first platform to enable users to leverage their liquidity positions—a breakthrough in the world of DeFi. By offering this capability, Miracle Cash & More aims to provide traders with increased flexibility and expanded opportunities to maximize their returns.

Unlocking access to borrow and trade larger positions

The Phoenic Leveller liquidity pool allows users to amplify their liquidity positions, unlocking new potential in a rapidly evolving financial landscape. Leveraged liquidity trading is a cutting-edge feature that distinguishes this platform from traditional liquidity pools, where participants are typically limited to simply providing liquidity. With Phoenic Leveller, traders can now utilize their existing assets to borrow and trade larger positions, opening the door to higher returns and more dynamic trading strategies.

Harnessing the power of the Avalanche blockchain, Phoenic Leveller benefits from the network’s high scalability, low fees, and fast transaction times. Avalanche’s infrastructure ensures that traders experience a truly efficient trading environment, whether they are just entering the world of DeFi or are seasoned professionals. By combining leverage with Avalanche’s advanced blockchain technology, Miracle Cash & More has created a platform that is both accessible and sophisticated, catering to users at all experience levels.

Phoenic Leveller combines with Avalanche in a secure and scalable ecosystem

“We’re incredibly excited to introduce leveraged liquidity trading through Phoenic Leveller,” said Hakan Törehan, CEO of Miracle Cash & More. “This innovative product, born from our Code Node investors, is set to become an on-chain NFT and marks a pivotal advancement in the DeFi space. By integrating with Avalanche, we’re providing traders with a secure, scalable, and dynamic environment to maximize opportunities. It’s a true game-changer in how people engage with decentralized finance.

This launch also aligns with our recent strategic partnership with Ingenico, a global leader with a POS merchant network of over 40 million units, further demonstrating Miracle Cash & More’s commitment to shaping the future of financial technology.”

The benefits for users of Phoenic Leveller are significant. With the ability to leverage liquidity, traders can potentially increase their returns by accessing more capital than they initially contribute. This creates greater flexibility in their trading strategies, allowing for more effective risk management and capital efficiency. Miracle Cash & More’s intuitive platform design makes these advanced features accessible to both novice and experienced traders. The low transaction fees and quick settlement times provided by Avalanche make the platform cost-effective and efficient, ensuring that users can focus on their trading without unnecessary delays or expenses.

Smart contracts for high level transparency

Moreover, the platform’s security measures are bolstered by the use of smart contracts, which automate transactions and provide a high level of transparency and protection for users’ assets. In practice, this means that users can trade with confidence, knowing that their positions and liquidity are safeguarded within a secure blockchain framework.

The launch of Phoenic Leveller is part of Miracle Cash & More’s broader strategy to expand its service offerings in the DeFi space. By integrating advanced trading capabilities into its platform, Miracle Cash & More is positioning itself as a leader in decentralized finance innovation. Phoenic Leveller is just one of several initiatives aimed at providing users with more control over their financial positions and more opportunities for growth in the blockchain economy.

Miracle Cash & More also supports the Phoenic Token, which plays a central role in its ecosystem. The company has implemented a strategic acquisition plan, allocating a portion of its monthly revenue to purchasing Phoenic Tokens. This buy-back initiative is designed to support the token’s market value, ensuring stability and growth for both the platform and its users. Through the Phoenic Leveller platform, users can also trade Phoenic Tokens for other supported cryptocurrencies, providing even greater flexibility and liquidity within the ecosystem.

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SynFutures Launches Automated Yield-Generating Feature for Margin Tokens

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SynFutures (www.synfutures.com), the leading DeFi derivatives protocol, announced the launch of The SynFutures Vault on Base. The Vault enables third-party providers to deploy individual vaults for each supported margin token, bringing new automated yield-generating strategies to SynFutures’ growing community.

Trading on a decentralized finance (DeFi) protocol requires time, energy, and strategy. For traders new to DeFi or the broader Web3 space, learning to trade and take advantage of the various earning opportunities can be overwhelming. The Vault provides an intuitive, user-friendly interface that makes it easy for users to access and manage their funds, lowering the barrier to entry for participating in DeFi trading.

To get started, users deposit funds into individual vaults, which third-party providers actively manage. Individual vaults for each margin token allow users to diversify their liquidity provision across different assets, helping to reduce concentration risk in their portfolios. The funds are then leveraged to provide liquidity and execute trading strategies for the asset pairs associated with the margin token to optimize users’ returns while prudently managing the underlying risks.

Users can deposit and withdraw funds as needed (outside of vault suspension statuses), enabling them to dynamically allocate capital based on their trading requirements and market conditions. As the SynFutures platform expands to support new margin tokens, the Vault can seamlessly accommodate these additions, allowing users to increase their exposure to the evolving DeFi ecosystem continually.

“An important part of growing our DeFi derivatives protocol is educating our audience and improving the trading experience. The launch of SynFutures Vault highlights our protocol’s ability to support permissionless activities outside of asset listings and open the door to new yield-generating strategies for traders at all levels,” said Rachel Lin, co-founder and CEO at SynFutures.

In future phases, the Vault will expand to new chains as part of SynFutures’ multi-chain expansion strategy.

To access the SynFutures Vault, users can go to https://oyster.synfutures.com/#/vault/base/.

About SynFutures

SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and onchain order book model.

Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and the team has extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.

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Granite Launches as First-of-its-Kind Bitcoin DeFi Liquidity Protocol Prioritizing Security and Trust

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The first-of-its-kind DeFi liquidity protocol focusing on redefining trust and security for DeFi

Granite, a groundbreaking Bitcoin DeFi liquidity protocol that empowers users with unprecedented security and control over their Bitcoin assets, today announced its launch. Incubated by Trust Machines, Granite represents a significant evolution in the DeFi landscape, setting new standards for transparency and user-centric financial services – all backed by the power of Bitcoin L2s.

Granite enables BTC users to access DeFi without centralized custodians by leveraging Stacks’ recently-launched Nakamoto upgrade and sBTC Bitcoin bridge. The Nakamoto upgrade increased Stacks’ block speed 100x while maintaining its unique proof-of-transfer (PoX) consensus mechanism and Bitcoin finality. sBTC is an open-source Bitcoin bridge secured and managed by an open network of Stacks validators via a threshold signature script on the Bitcoin blockchain, allowing for the permissionless and decentralized use of BTC in DeFi. Together, these upgrades pave the way for Bitcoin DeFi.

“Today there is no safe way to use BTC in DeFi,” said Blaize Wallace, Founding Contributor to Granite. “Protocols have decided to maximize returns at the cost of counterparty and protocol risk. Granite takes the opposite approach.”

Granite introduces a borrower-centric DeFi liquidity model that maximizes asset safety, minimizes liquidation risk, and allows users to tailor their risk exposure.

  • No rehypothecation: by never lending out borrowers’ collateral and only having a single borrowable asset per market, Granite eliminates the predominant DeFi “pooled-risk” model that exposes all users to the downside of the riskiest pool assets.
  • Liquidation to solvency: DeFi protocols typically liquidate 50-100% of a position, which can result in the loss of borrowers’ collateral. Granite instead uses “soft liquidations” which liquidate only to the point of solvency, allowing overextended borrowers the opportunity to weather downturns with minimal losses.
  • Offline position tracking: push notifications that track account health and interest rates allow borrowers to relax and receive relevant account alerts instead of staying glued to their screens.
  • Tranched LP positions: LPs can stake their positions to enter a junior risk tranche that may receive higher rewards, tailoring their risk profile, and all LPs are still protected by the protocol reserve as a first line of defense.

Despite being the most capitalized crypto asset, most bitcoin sits dormant and unproductive, unused by its holders. Other blockchains demonstrate a stark contrast, where their native cryptocurrency (such as ETH) is actively deployed to validators (staking) and in DeFi protocols as collateral or liquidity pairs. As a decentralized non-custodial protocol, Granite brings transparency to lending and borrowing that typically has not been seen on the Bitcoin blockchain, aiming to reverse this trend.

“At this time, only about 1% of bitcoin is used in DeFi, largely because Bitcoin users want to make sure their BTC is secure first and foremost,” said Muneeb Ali, CEO and Co-Founder of Trust Machines. “Granite’s security-oriented approach creates an opportunity to begin unlocking the remaining 99% of BTC capital. It’s the only liquidity protocol I would consider using with my BTC.”

“Bitcoin is the most valuable asset you will ever own,” added Wallace. “Don’t risk your stack to centralized wrappers or predatory liquidation schemes. Granite helps you access the value in your BTC as safely as possible. Never sell.”

For more information about Granite, readers can please visit http://www.granite.world

About Granite

Granite is a first-of-its kind Bitcoin DeFi liquidity protocol empowering users with unprecedented security and control over their Bitcoin assets, Granite represents the significant evolution in the DeFi landscape, with a mission of setting new standards for transparency and user-centric financial services – all backed by the power of Bitcoin L2s.

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Blockchain

Rilla Network Revolutionizes Live Sports Streaming Delivery and Experience

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Rilla Network is redefining live sports streaming by turning passive viewers into active participants. Its innovative protocol integrates interactivity and transactability natively, unlocking a new era of live-streaming experiences.

Rilla’s decentralized protocol enables users to contribute network capacity and earn rewards, while the network effects of value distribution foster deeper engagement and loyalty. Through real-time interactivity, audience members can transact directly during live streams, creating new economic models for the industry.

The Rilla platform features a viewership gamification and rewards framework, driving engagement with personalized experiences. Its hyper-granular analytics provide insights on a viewer-by-viewer basis, enhancing user experience and targeting. Additionally, consumption-based pricing and trustless billing ensure cost-efficiency and scalability with a logarithmic cost-to-serve model that keeps costs low even as audiences grow. Low-latency streaming further enhances viewer engagement.

With the traditional economics of live streaming becoming unsustainable, Rilla offers a solution to capture second-order network value, some of which is already lost to third-party networks such as social media. By integrating interactivity and transactability, Rilla ensures that the value generated remains within the live stream, benefiting content creators and viewers.

Co-founder and CEO, Hal Smith Stevens, said: “Today’s streaming models are outdated. Rilla Network enables fluid transactivity and audience interactivity, empowering viewers to engage actively with the content and the community. We’re transforming live digital experiences.”

Rilla Network has closed two funding rounds this year, including an angel and pre-seed round, raising a total of $3.5 million. The rounds were led by Blockchain Founders Fund and Blockchange Ventures, respectively.

Managing Partner at Blockchange Ventures, Ken Seiff, stated: “Rilla Network is transforming live streaming by addressing key inefficiencies and introducing innovative ways to enhance audience interaction and monetization. Its decentralized approach and ability to capture second-order value sets it apart as a true game-changer in live sports streaming. We’re thrilled to support such a forward-thinking team.”

The funds are being used to launch Rilla’s protocol through a pilot program in collaboration with major players in sports streaming. The company plans to run high-profile pilots before seeking seed funding in Q2 2025.

About Rilla

Rilla Network is a decentralized live-streaming protocol. Rilla is based in Dubai, UAE with world-class team members contributing globally. The founding team has decades of experience in software development, content streaming services, Web3, blockchain, AI, and machine learning. Learn more at https://rilla.network.

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