Umbrella Financial Services Arrive on Cardano and Avalanche with ADA Finance’...
Blockchain technology is disrupting the way people interact with the financial world. Decentralized finance, or DeFi, has quickly become a popular way for users to participate in financial services by interacting with smart contracts written on blockchains. Two powerful blockchains, Cardano and Avalanche, are host to an innovative kind of DeFi protocol that promises to […]
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Organisations around Cardano, Avalanche, Sui and IOTA have filed a joint response to the UK Financial Conduct Authority’s CP25/40 consultation, arguing that the rulebook should draw hard lines around “custody and control” and avoid sweeping non-custodial crypto activity into regimes designed for intermediaries. The submission, led by the IOTA Foundation alongside the Sui Foundation, Cardano […]
Smart contracts, especially for DeFi, are becoming a data-intensive industry. Oracle services are helping to bridge the gap. Decentralized oracle service Umbrella Network officially launched on Ethereum Friday, setting the stage for cross-chain transactions between the dominant smart contract platform and Binance Smart Chain, or BSC. The cross-chain bridge connecting Ethereum and BSC was developed in-house at Umbrella Network, underscoring the need to transfer tokens and other crypto assets between the two networks. The cross-chain bridge also enables users to stake and farm crypto tokens....
In an interview with Bloomberg’s Haslinda Amin on the sidelines of Token2025, Cardano founder Charles Hoskinson sketched an unabashedly expansionary roadmap for both crypto markets and the Cardano ecosystem, arguing that the next phase of adoption will be institutional, privacy-aware, and integrated with legacy finance—and that Cardano is positioned to be a core settlement layer […]
Cardano founder Charles Hoskinson has categorically dismissed rumors linking hip-hop artist Kanye West, now known as Ye, to a proposed token launch on the Cardano blockchain. In a brief video posted on X (formerly Twitter), Hoskinson poured cold water on speculation that Ye might roll out a cryptocurrency project under Cardano’s umbrella. No Kanye West […]
“In becoming a key player in the Avalanche ecosystem, we will help drive our common goals, bringing the DeFi industry to new heights,” says AllianceBlock founder and CEO Rachid Ajaja. AllianceBlock, a decentralized layer-2 solution bridging traditional finance and DeFi, has announced major product integration with Avalanche, the up-and-coming “Internet of Finance” protocol. Once completed, the product integration will allow users to access AllianceBlock’s DeFi Investment Terminal, P2P financial services, nonfungible token capabilities and KYC solutions directly on Avalanche. The....