Crypto News

Injective and Web3 mobile firm Jambo will partner to promote DeFi in Africa, Latin America and Southeast Asia. The collaboration seeks to make it easy for millions to access dApps via the Jambophone. Injective and Web3 mobile infrastructure platform Jambo have announced a partnership that will see the two companies collaborate to bring blockchain-powered financial solutions to millions of users in emerging markets. The partnership will tap into JamboPhone, a Web3 Android 13 smartphone, to introduce users across Africa, Latin America and Southeast Asia to Injective’s DeFi ecosystem. “Combining Injective’s robust infrastructure stack with Jambo’s mature Web3 mobile technology will enable us to efficiently scale DeFi to the point where it can tangibly help billions of people overcome socioeconomic hurdles, ” Mirza Uddin, head of business at Injective Labs said in an announcement . As part of the collaboration, users in these emerging markets will access multiple decentralised appl...

Worldcoin will unveil the new blockchain “World Chain” in the summer. World Chain is an Ethereum L2 chain that will integrate with WLD and World ID. Worldcoin is set to launch a new blockchain dubbed “World Chain”, according to an announcement on Wednesday, April 17. The price of WLD , the native Worldcoin token rose slightly after the news. While its up 3% in the past 24 hours at $4.90 at the time of writing, its largely in negative territory after dumping from highs of $6.57 on April 12. World Chain – what do we know? World Chain will be an Ethereum Layer 2 and is expected to go live in the summer, Worldcoin, the project co-founded by OpenAI CEO Sam Altman, said in the blog post. While the new blockchain will integrate with the Worldcoin protocol and World ID’s Proof of Personhood, the goal is to ultimately have it run independently as a community-driven project. “ World Chain will be an ecosystem of decentralized financial and identity apps focused on utility for everyday ...

Sui price rose more than 11% as Bitcoin and Ethereum declined below key levels. SUI gains after ByteDance subsidiary BytePlus chose to enter Web3 via the Sui blockchain. Sui (SUI) traded higher today despite a broader crypto market downturn that saw Bitcoin dip below $61k and Ethereum fall below $3,000. While Sui price remains below the recent peak above $2.17, its surge to $1.27 in the past 24 hours represents gains of more than 11% and better than most altcoins in the top 100 by market cap. Why is SUI price up as altcoins dip? On April 17, the Sui team announced that BytePlus, a subsidiary of the technology firm ByteDance, had joined the crypto network as it makes its Web3 debut. 🚨BREAKING: BytePlus, the enterprise technology arm of ByteDance (the company behind @TikTok_US ), is coming to Sui! pic.twitter.com/GtutYyFI5X — Sui (@SuiNetwork) April 17, 2024 BytePlus is expected to collaborate with Mysten Labs to bring its gaming and social apps to the layer 1 blockchai...

NEAR Protocol (NEAR) price jumped more than 7% to be among top gainers as Bitcoin (BTC) looked to hold above $63k. KangaMoon (KANG) presale reached over $4.9 million amid increased attention in the final stage. The project combines meme culture with GameFi and SocialFi and could be a dominant player in the space. NEAR Protocol (NEAR) is among top gainers in the market today as the market buzz around Bitcoin’s upcoming halving intensifies. But what’s the price outlook for NEAR as BTC holds near key level and what does it mean for new token KangaMoon (KANG) . KangaMoon records increased interest from investors KangaMoon seeks to stand out among new crypto projects by combining play-to-earn gaming and socialFi. This project is community-driven, an approach that also taps into a meme-inspired environment where one can play, interact and earn the native KANG token among other exclusive rewards.  KangaMoon also provides for an opportunity for token holders to access rare NFTs,...

X Layer is a zero knowledge (ZK), EVM-compatible Layer-2 network. The Polygon CDK powered L2 is live and  integrates with over 200 dApps across DeFi, wallets, NFTs and gaming among others. OKX , one of the world’s largest crypto exchange companies, has launched the public mainnet of its EVM-compatible Layer 2 network “X Layer” is now live. Haider Rafique, the chief marketing officer at OKX, announced the launch in a blog post on Tuesday. According to the OKX official, the Polygon Chain Development Kit (CDK)-powered L2 integrates with over 200 decentralised applications (dApps) onboarded during X Layer’s testnet. X Layer integrates over 200 dApps X Layer also integrates with the OKX exchange’s CEX platform and the OKX Web3 Wallet. As an EVM-compatible network, X Layer allows users to tap into dApps on Ethereum as well as bridge assets from the OKX CEX and Web3 Wallet. “ Our objective is to make it cheaper and faster for millions of people to go in and out of on-chain appl...

WOO plans innovation hub expansion to bolster Bitcoin’s ecosystem The new initiative will focus on projects bringing Bitcoin Layer-2s, RWA, DeFi, AI and DePIN to the Bitcoin ecosystem. WOO has announced plans aimed at using its innovation hub and the WOO token to power the next growth chapter for the Bitcoin (BTC) ecosystem . WOO, which features a top CEX platform WOO X and top DEX platform WOOFi, revealed its latest initiative at Token2049 week in Dubai. What are WOO’s plans to bolster BTC ecosystem? According to a recently published announcement , WOO’s Europe-based innovation center will be expanded to tap into the native WOO token’s potential in driving the new era of decentralized projects on Bitcoin. We're excited to expand our innovation hub to vastly increase the number of WOO-aligned products in the coming months. Expect greater alignment with high-potential projects under verticals such as RWA, AI, DePIN, and the emerging BTC ecosystem: https://t.co/pIPc8sURJQ ...

Puffer Finance secures $18 million in funding round led by Brevan Howard Digital and Electric Capital. Crypto exchanges Coinbase and Kraken also invest in the Ethereum liquid restaking protocol. Puffer Finance, an Ethereum liquid staking protocol on Eigenlayer, has raised $18 million in its latest funding round. An announcement on Tuesday says Brevan Howard Digital and Electric Capital led the Series A funding round. Puffer’s financing effort also attracted the participation of several top venture capital firms, including Fidelity, Coinbase Ventures, Franklin Templeton, and Consensys. Other key investments were by Kraken Ventures, Lemniscap, Mechanism, Lightspeed Faction and Animoca. As a liquid restaking protocol, Puffer Finance allows ETH stakers to contribute to Ethereum’s decentralization by staking just 1 Ether (ETH). This is far less than the 32 ETH an individual staker needs to earn Ethereum staking rewards. The project’s Liquid Restaking Token (LRT) also allows holders...