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Blockchain Press Releases

Unitas Protocol Upgrades Smart Contract and Completes Security Audit By ChainLight

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TAIPEI, Sept. 3, 2024 /PRNewswire/ — Unitas, a DeFi stablecoin protocol addressing emerging markets’ dollar shortage issues in transactions and cross-border payments, has successfully upgraded its smart contract to the second stage. Prior to deployment, the smart contract was audited by ChainLight, a trusted Korea-based security firm under Theori with expertise in both Web2 and Web3 domains.

As a result, there is no high or critical issues found in Unitas Protocol, and 3 medium and 3 informational issues identified by ChainLight were fixed by the Unitas team. The full audit report is available on the Unitas Foundation website.

“The Unitas team demonstrated a high level of preparedness for the audit, with comprehensive documentation and robust testing procedures in place. We also enjoyed auditing the Unitas protocol because the concept itself was innovative,” said Brian Pak, CEO & Co-Founder of ChainLight. “It is important to note that potential risks may arise from macroeconomic factors or flaws in the source code, which require continued monitoring and management.”

Unitas Protocol mainnet was live on 31 July 2023 and before that, the testnet was launched after completing smart contract security audits by Sherlock. “Security and stability of the smart contract are the top priorities of Unitas,” said Sun Huang, co-founder and Chief Technology Officer of Unitas Foundation. “To ensure the best quality of Unitas protocol, each stage of the smart contract must undergo independent, multiple, and varied audits by different external third parties.”

In the first phase, Unitas protocol allows anyone to mint unitized stablecoins with USDT. It “unitizes” a USD stablecoin (e.g., USDT) into one local currency unit. The first unitized stablecoins open to minting are USD91 (INR-pegged), USD971 (AED-pegged), USD84 (VND-pegged), and USD1 (USD-pegged).

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The first phase is focused on user engagement and application. The second phase, set for launch in September, centers on the role of Insurance Providers (IPs), who lend their USD stablecoins to the protocol to support its over-collateralization, a process known as “IP staking”. With the participation of IPs, including auctions, profit sharing, and 4REX token issuance, the Unitas protocol will operate independently and organically. For more details, please refer to the whitepaper.

Unitas Protocol is built for real-world stablecoin applications, solving USD liquidity issues in developing countries like India and Vietnam. Unitas Foundation will co-host the second edition of the Stablecoin Summit with the blockchain-enabled financial institution XREX Group on 20 September this year at Andaz Singapore.

About Unitas Foundation

Unitas Foundation is a non-profit organization founded in 2022. Unitas Protocol operates exogenously over-reserved stablecoins pegged to emerging market currencies. These stablecoins unleash emerging market potentials by facilitating foreign investment, cross-border payment, global market access, DeFi participation, efficient USD liquidity, and more.

To learn more about Unitas Foundation, visit its official website, Wiki, Telegram, Twitter, blog, or email [email protected].

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About ChainLight

ChainLight is a blockchain security firm founded in 2016. Our clients span both Web2 and Web3 domains, including industry giants such as Microsoft, Samsung, Google, LG Electronics, Hyundai, DARPA, Upbit, Bur, Blast, and zkSync.

We are renowned for maintaining a record of zero client compromise and winning numerous CTF (Capture The Flag) hacking competitions. Additionally, we are a proud member of the Security Alliance (SEAL) led by Samczsun, Head of Security at Paradigm, committed to elevating the standards of blockchain security.

Disclaimer:

  1. The press release is only for informative purposes. It does not solicit funds, constitutes contractual offers or promises, or proffer any legal, investment, or tax advice. Please seek a licensed professional’s support to address your particular situation should you need any professional advice.
  2. Unitized stablecoin is an experiment intended to be a decentralized financial tool. For the avoidance of doubt, the crypto assets and stablecoins involved within the Protocol are not insured or audited by any third party, licensed or endorsed by any regulatory authority. Thus, the unitized stablecoin is subject to various risks, including but not limited to, liquidity risk, cybersecurity risk, regulatory risk, transactional risk, and human error risk. Please do your own research before participating in the Protocol. You can find more information at unitas.foundation.

Photo – https://mma.prnewswire.com/media/2494407/Unitas_Protocol_Upgrades_Smart_Contract_Completes_Security_Audit_By_ChainLight.jpg 

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Blockchain

Blocks & Headlines: Today in Blockchain – March 10, 2025 | Emirates NBD, BBVA, Pakistan Blockchain, Japan Crypto Reforms

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In today’s fast-evolving digital frontier, blockchain technology and the cryptocurrency industry continue to redefine finance, governance, and global commerce. With groundbreaking developments emerging daily, the landscape is marked by strategic partnerships, regulatory reforms, and innovative applications that push the boundaries of decentralization and digital assets. This op-ed-style daily briefing provides an in-depth analysis of the most significant news stories shaking the blockchain world—from Emirates NBD’s latest crypto trading innovation and BBVA’s approval for crypto services in Spain, to Pakistan’s ambitious blockchain remittance plans, a staggering forecast for blockchain in government, alarming trends in crypto crash liquidations, and Japan’s transformative reforms for crypto brokerages and stablecoins.

As governments and corporations accelerate their adoption of blockchain, the implications are far-reaching. Traditional financial institutions are reimagining their service offerings; emerging markets are leveraging decentralized finance (DeFi) to empower local economies; and regulatory bodies are striving to balance innovation with consumer protection. Today’s briefing will unpack these stories, providing detailed coverage and commentary on their broader significance for blockchain, cryptocurrency, Web3, DeFi, and NFTs.

Drawing on sources from industry-leading publications, this article not only summarizes the key events of the day but also offers an engaging, opinion-driven perspective on what these developments mean for the future of digital finance. Whether you’re a blockchain enthusiast, a cryptocurrency investor, or a policy maker looking to understand the pulse of the industry, our analysis aims to deliver clarity and insight amidst the complexity of today’s news.

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In the following sections, we explore each headline in detail. We begin with Emirates NBD’s pioneering launch of crypto trading on the LIV-X app—a move that signals the growing integration of traditional banking with digital assets. Next, we examine BBVA’s recent regulatory milestone in Spain, which opens up crypto trading for major cryptocurrencies such as Bitcoin and Ethereum. We then turn our attention to Pakistan’s bold plan to harness blockchain for multibillion-dollar remittances, highlighting its potential to transform international money transfers. Further, we analyze a report forecasting that blockchain technology within government sectors is expected to surge to a $791.5 billion market, underscoring the immense potential of public sector adoption. We also delve into the unsettling rise in crypto crash liquidations, a stark reminder of the volatility that underpins this nascent industry. Finally, we cover Japan’s approval of new crypto brokerage measures and stablecoin law reforms—a regulatory overhaul that could set a precedent for global crypto policy.

As we navigate these developments, a few key trends become apparent. First, the convergence of traditional finance and blockchain is accelerating, as evidenced by major banks embracing crypto trading and payment innovations. Second, national strategies are increasingly prioritizing blockchain not just for economic gains, but as a means of ensuring digital sovereignty and security. Third, regulatory frameworks are evolving rapidly, attempting to keep pace with the disruptive innovations in this space while ensuring consumer protection and market stability. And lastly, while the potential for transformative change is immense, the volatility and risks inherent in cryptocurrency markets continue to pose significant challenges.

Join us as we dive deep into today’s stories, offering a comprehensive and critical analysis that goes beyond the headlines to explore the implications, challenges, and opportunities in the world of blockchain and cryptocurrency.


1. Emirates NBD Launches Crypto Trading on the LIV-X App

Bridging Traditional Banking and Digital Assets

In a significant development that underscores the fusion of conventional finance with digital innovation, Emirates NBD has recently launched crypto trading on its LIV-X app. This initiative marks a pivotal moment for the bank as it seeks to bridge the gap between traditional banking services and the fast-paced world of cryptocurrencies.

Emirates NBD’s move is not merely a technological upgrade—it is a strategic response to the increasing demand for integrated digital financial services. By enabling crypto trading on an established platform, the bank is positioning itself at the forefront of a global shift toward digital assets. The LIV-X app, already renowned for its user-friendly interface and comprehensive financial tools, now offers customers a seamless gateway to trade popular cryptocurrencies alongside traditional assets.

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Strategic Rationale and Industry Impact

  • Enhancing Customer Offerings: The integration of crypto trading into the LIV-X app enhances the overall customer experience, providing investors with a single, unified platform to manage both traditional and digital assets. This consolidation not only improves accessibility but also drives customer engagement by offering diversified financial products.
  • Driving Digital Transformation: Emirates NBD’s decision reflects a broader trend in the banking sector toward digital transformation. As blockchain and crypto assets gain mainstream acceptance, financial institutions are compelled to innovate or risk obsolescence. The move to incorporate crypto trading into everyday banking is a testament to the bank’s commitment to staying ahead of the curve.
  • Boosting Market Competitiveness: By venturing into the crypto space, Emirates NBD is not only meeting customer demand but also positioning itself as a leader in the region’s evolving financial ecosystem. This strategic expansion is likely to attract tech-savvy clients and foster a culture of innovation within the institution.
  • Mitigating Risks and Compliance: Integrating crypto trading on a regulated platform like LIV-X also addresses concerns around security, compliance, and risk management. Emirates NBD is leveraging its robust infrastructure to ensure that crypto transactions are executed securely, adhering to stringent regulatory standards.

Op-Ed Insights: A Convergence of Traditions

From an op-ed perspective, Emirates NBD’s initiative is a clear indicator of the broader convergence between traditional finance and blockchain technology. This integration is not without its challenges—the regulatory landscape for cryptocurrencies remains complex and ever-changing—but the potential rewards are significant. By embedding crypto trading into its platform, Emirates NBD is not only broadening its service portfolio but also setting a benchmark for other banks in the region. The move signals a future where digital assets are as ubiquitous as conventional currencies, heralding a new era of financial inclusivity and innovation.

Source: The Paypers


2. BBVA Gains Approval for Crypto Trading Services in Spain

Opening the Doors to Mainstream Crypto Trading

Across the Iberian Peninsula, Spanish banking giant BBVA has achieved another milestone by securing approval for its crypto trading services. This regulatory green light now allows Spanish investors to access leading cryptocurrencies, including Bitcoin and Ethereum, through BBVA’s platforms—a development that could reshape the national financial landscape.

BBVA’s move is a critical step forward in the broader European crypto adoption narrative. The approval not only legitimizes crypto trading within a highly regulated market but also sends a strong signal to both retail and institutional investors about the growing maturity of the digital asset sector.

Implications for Investors and the Market

  • Regulatory Endorsement: The approval acts as a seal of legitimacy, encouraging more conservative investors to dip their toes into the crypto market. It demonstrates that, when executed within a robust regulatory framework, crypto trading can coexist with traditional financial services.
  • Enhanced Market Accessibility: With BBVA’s crypto trading services now accessible in Spain, a larger segment of the population will have the opportunity to invest in digital assets. This increased accessibility is likely to stimulate market activity and drive higher volumes of trading.
  • Economic Growth and Innovation: By pioneering crypto services in a regulated environment, BBVA is setting a precedent for other financial institutions across Europe. This development could spur innovation, attract fintech investments, and promote the development of complementary technologies such as blockchain-based financial instruments.
  • Risk Management and Security: BBVA’s adherence to strict regulatory standards ensures that investor protection and market stability are prioritized. The bank’s established infrastructure for managing digital assets helps mitigate risks commonly associated with crypto trading, such as volatility and cybersecurity threats.

Critical Analysis: The Regulatory Balancing Act

From an opinion-driven perspective, BBVA’s regulatory approval is both a cause for celebration and a reminder of the delicate balance that must be maintained between innovation and security. On one hand, the move is a clear endorsement of crypto’s potential as a mainstream asset class; on the other, it underscores the challenges regulators face in keeping pace with rapid technological change. The success of BBVA’s initiative will largely depend on its ability to navigate this complex regulatory environment while continuing to innovate and expand its offerings. In essence, BBVA is charting a course that, if successful, could accelerate the broader acceptance of digital assets across Europe and beyond.

Source: CoinFomania


3. Pakistan to Explore Blockchain for Multibillion-Dollar Remittances

Harnessing Blockchain for Financial Inclusion

In a bold strategic pivot, Pakistan is reportedly exploring the use of blockchain technology to manage multibillion-dollar remittances from abroad. As one of the world’s largest recipients of remittances, Pakistan faces significant challenges related to the efficiency and cost-effectiveness of cross-border money transfers. Blockchain’s inherent attributes—transparency, security, and decentralization—offer a promising solution to these challenges.

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The initiative, advised by industry experts, suggests that blockchain could streamline remittance processes, reduce intermediaries, and drastically lower transaction fees. By leveraging blockchain, Pakistan aims to not only enhance the speed and reliability of remittance flows but also boost financial inclusion for millions of its citizens who rely on these funds for their livelihood.

Strategic Benefits and Economic Impact

  • Cost Reduction: One of the most compelling advantages of blockchain in remittances is its potential to cut transaction costs. By eliminating the need for multiple intermediaries, blockchain can significantly reduce fees, ensuring that a larger share of remittances reaches recipients.
  • Increased Transparency: Blockchain’s immutable ledger provides a transparent record of every transaction, reducing the risks of fraud and corruption. This transparency is crucial for building trust among both senders and receivers.
  • Enhanced Efficiency: Traditional remittance channels are often plagued by delays and inefficiencies. Blockchain technology can process transactions in real time, ensuring that funds are transferred quickly and securely.
  • Financial Inclusion: By making remittance processes more efficient and affordable, blockchain can play a critical role in fostering financial inclusion. This, in turn, can contribute to economic development and poverty alleviation.
  • Stimulating Innovation: The adoption of blockchain for remittances could act as a catalyst for broader digital transformation in Pakistan, spurring innovation in other sectors such as banking, supply chain management, and government services.

Op-Ed Reflections: A Game-Changer for Emerging Markets

From an analytical standpoint, Pakistan’s exploration of blockchain for remittances is a landmark move that could set a precedent for other emerging markets. The traditional remittance system is fraught with inefficiencies and high costs; blockchain offers a radically different approach that is both scalable and secure. However, the transition to blockchain-based remittances is not without challenges. Issues related to regulatory compliance, technology adoption, and digital literacy must be addressed to fully realize its potential. Nevertheless, if successfully implemented, this initiative could not only revolutionize remittance flows in Pakistan but also serve as a model for financial reform in other countries facing similar challenges.

Source: TradingView (via CoinDesk)


4. Blockchain in Government: Market Forecast to Reach $791.5 Billion

A Vision for Public Sector Transformation

A recent report has projected that blockchain applications within government could burgeon into a market worth $791.5 billion. This forecast highlights the immense potential for blockchain technology to transform public sector operations, enhance transparency, and drive efficiencies in government services. From streamlining administrative processes to securing sensitive data, the adoption of blockchain in government is poised to revolutionize how states interact with citizens and manage public resources.

The report envisions blockchain’s role in various government functions, including identity verification, land registration, voting systems, and supply chain management. Such applications could help eliminate bureaucratic red tape, reduce corruption, and improve service delivery across multiple sectors.

Key Drivers and Future Prospects

  • Transparency and Accountability: Blockchain’s decentralized ledger technology offers unparalleled transparency, enabling governments to maintain tamper-proof records. This can enhance accountability and reduce opportunities for fraud.
  • Operational Efficiency: By automating processes and reducing the reliance on paper-based systems, blockchain can streamline government operations. This can lead to significant cost savings and faster service delivery.
  • Enhanced Security: Government databases are often prime targets for cyberattacks. Blockchain’s cryptographic security measures can provide robust protection for sensitive data, ensuring the integrity of public records.
  • Citizen Empowerment: With blockchain, governments can create more inclusive and participatory systems. For instance, blockchain-based voting platforms could make elections more secure and accessible, while digital identity solutions can empower citizens to access services more efficiently.
  • Economic Stimulus: The large-scale adoption of blockchain in government could drive substantial economic growth by fostering innovation, creating jobs in technology sectors, and attracting foreign investments in digital infrastructure.

Critical Analysis: Public Sector Disruption

From an op-ed perspective, the forecasted growth of blockchain in government underscores a paradigm shift in public administration. Governments worldwide are increasingly recognizing that traditional systems are ill-equipped to meet the demands of the digital age. The adoption of blockchain represents a bold step toward modernizing governance, improving service delivery, and building trust with citizens. However, the path to full-scale implementation will require overcoming challenges such as legacy system integration, regulatory harmonization, and public acceptance. The potential rewards—a more transparent, efficient, and secure government—make this a pursuit well worth the effort.

Source: CoinGeek

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5. Crypto Crash: Liquidations Soar Amid Market Volatility

Unpacking the Turbulence in Cryptocurrency Markets

Amid the rapidly shifting tides of the cryptocurrency market, recent reports indicate that crypto crash liquidations have soared to unprecedented levels. The volatility witnessed in recent weeks has not only rattled investors but also raised concerns about market stability and the long-term viability of digital assets. In times of extreme market stress, forced liquidations can exacerbate price declines, leading to a vicious cycle of selling pressure.

This turbulent episode serves as a stark reminder of the inherent risks in the crypto market. While digital assets offer transformative potential, they are also subject to dramatic fluctuations driven by factors ranging from regulatory uncertainty to macroeconomic shifts. The recent surge in liquidations reflects not only market panic but also the complex interplay between leveraged positions, automated trading algorithms, and investor sentiment.

Analyzing the Causes and Implications

  • Market Leverage: High levels of leverage among crypto traders can amplify losses during downturns. When market prices fall sharply, margin calls and forced liquidations can trigger a cascade of selling, further depressing prices.
  • Automated Trading: The prevalence of algorithmic and high-frequency trading in the crypto market can exacerbate volatility. These systems are programmed to execute trades at high speeds, and in times of rapid price movements, they can inadvertently contribute to market instability.
  • Regulatory Uncertainty: Shifting regulatory landscapes and the prospect of new rules can create uncertainty and prompt large-scale sell-offs as investors seek to mitigate risk.
  • Investor Sentiment: In a highly speculative market, shifts in investor sentiment can lead to rapid changes in market dynamics. Fear, uncertainty, and doubt (FUD) can quickly spread, triggering widespread panic and mass liquidations.
  • Long-Term Market Health: While liquidations are a short-term phenomenon, they raise important questions about the maturity and resilience of cryptocurrency markets. Addressing these challenges will be essential for fostering a stable environment that can support long-term innovation and growth.

Opinion-Driven Perspective: Navigating Volatility

From an op-ed standpoint, the recent surge in crypto crash liquidations should serve as both a cautionary tale and an opportunity for introspection within the industry. The volatility underscores the need for better risk management practices, more robust market infrastructure, and clearer regulatory frameworks that can mitigate extreme fluctuations. While the inherent risks of crypto remain, a more mature market will ultimately be one that can absorb shocks and emerge stronger. Investors, regulators, and exchanges alike must work together to create a more resilient ecosystem that balances innovation with stability.

Source: CoinSpeaker


6. Japan Approves Crypto Brokerage and Stablecoin Law Reforms

Regulatory Overhaul in the Land of the Rising Sun

In a landmark regulatory shift, Japan has approved significant reforms for crypto brokerages and stablecoins. This legislative overhaul marks a major step forward in Japan’s efforts to modernize its digital asset ecosystem and ensure robust consumer protection. By establishing clearer guidelines for crypto trading and stablecoin operations, the reforms aim to foster innovation while mitigating risks associated with market manipulation and fraud.

The new framework will regulate crypto brokerages more stringently, ensuring that they adhere to strict security protocols and compliance standards. Additionally, the stablecoin reforms are designed to enhance transparency and stability in digital currencies that are pegged to traditional assets. This regulatory clarity is expected to bolster investor confidence and attract more institutional participation in the crypto market.

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Strategic Considerations and Industry Impact

  • Enhanced Consumer Protection: The reforms place a strong emphasis on safeguarding investors by mandating higher security standards and rigorous compliance measures for crypto brokerages. This move is critical for maintaining public trust in the digital asset market.
  • Market Stability: By instituting robust regulations for stablecoins, Japan aims to reduce volatility and prevent market distortions that can arise from poorly managed digital currencies. Stablecoins play a vital role in facilitating transactions and maintaining liquidity, making their stability crucial for a healthy market.
  • Fostering Innovation: While the regulatory changes impose stricter oversight, they are also intended to create a more predictable and secure environment for innovation. Clear guidelines will help startups and established players alike to develop new products and services that leverage blockchain technology.
  • Global Competitiveness: Japan’s proactive stance on crypto regulation positions the country as a leader in the digital asset space. By balancing innovation with security, Japan sets a benchmark for other nations seeking to develop robust crypto ecosystems.

Op-Ed Reflections: A New Regulatory Paradigm

From an opinion-driven perspective, Japan’s regulatory reforms represent a significant evolution in the global crypto landscape. These measures acknowledge the transformative potential of blockchain and cryptocurrency while addressing the critical need for risk mitigation. As countries around the world grapple with how to regulate digital assets, Japan’s balanced approach may well serve as a model for harmonizing innovation with investor protection. The reforms are a clear signal that the future of crypto is not only about rapid growth but also about establishing sustainable, secure, and transparent market practices.

Source: Blockhead


7. Synthesis of Today’s Trends: Convergence, Innovation, and Risk

Connecting the Dots in a Dynamic Ecosystem

When we examine today’s headlines collectively, several key themes emerge that are reshaping the blockchain and cryptocurrency landscape:

  • Integration of Traditional and Digital Finance: The moves by Emirates NBD and BBVA illustrate a growing convergence between traditional banking and the digital asset economy. As financial institutions integrate crypto trading into their platforms, we see a seamless blend of conventional finance with innovative blockchain solutions.
  • National Strategies and Regulatory Evolution: From Japan’s sweeping reforms to Pakistan’s exploration of blockchain for remittances, countries are increasingly prioritizing digital sovereignty and innovation. Governments are enacting regulations that aim to protect consumers while fostering an environment conducive to technological advancement.
  • Market Volatility and Investor Caution: The recent surge in crypto crash liquidations serves as a reminder of the risks inherent in this fast-moving market. Despite the transformative potential of blockchain, volatility remains a significant challenge that must be managed through better risk controls and regulatory oversight.
  • Public Sector Transformation: The forecast that blockchain in government could reach a $791.5 billion market highlights the untapped potential for public sector applications. By leveraging blockchain for transparency, security, and efficiency, governments can revolutionize how public services are delivered.
  • Technological Innovation and Future Opportunities: Whether through the introduction of AI-powered tools or the development of new regulatory frameworks, the blockchain space is characterized by continuous innovation. These advancements are not only enhancing current applications but also paving the way for future breakthroughs in decentralized finance (DeFi), Web3, and NFTs.

Industry Implications and Strategic Insights

For investors, policymakers, and technology innovators, today’s news provides a roadmap of both opportunities and challenges. The convergence of traditional finance with blockchain technology opens up vast new markets, while regulatory innovations ensure that these markets evolve in a sustainable and secure manner. However, the persistent issue of market volatility reminds us that risk management must remain a top priority. In essence, the future of blockchain and cryptocurrency will depend on striking the right balance between fostering innovation and maintaining stability.

Source: Aggregated insights from all sources


8. Expert Opinions and Industry Voices

Perspectives from the Blockchain Frontier

To further illuminate the current state of the industry, we turn to insights from experts and thought leaders who are at the forefront of blockchain innovation:

  • On Integrating Traditional Finance with Crypto:
    “Emirates NBD and BBVA’s moves are significant because they demonstrate that traditional financial institutions are not only willing to experiment with crypto but are actively embracing it. This convergence is the key to mass adoption.”
    — Financial Analyst, The Paypers & CoinFomania

  • On National Blockchain Strategies:
    “Pakistan’s initiative to use blockchain for remittances is a visionary move that could redefine how emerging markets handle cross-border transactions. The potential for cost savings and enhanced security is enormous.”
    — Blockchain Strategist, TradingView (via CoinDesk)

  • On Regulatory Innovation:
    “Japan’s regulatory reforms for crypto brokerages and stablecoins set a global benchmark. Clear, consistent regulation is the foundation on which sustainable growth in the crypto space will be built.”
    — Regulatory Expert, Blockhead

  • On Market Volatility:
    “The recent surge in liquidations is a wake-up call for investors. While volatility is inherent in emerging markets, it also highlights the need for robust risk management practices and improved market infrastructure.”
    — Crypto Market Analyst, CoinSpeaker

  • On Public Sector Adoption:
    “The forecasted growth of blockchain in government sectors underscores an enormous opportunity. Governments that adopt blockchain effectively will not only increase transparency but also drive significant economic growth.”
    — Public Policy Advisor, CoinGeek

These expert voices underscore the multifaceted nature of today’s blockchain landscape and reinforce the idea that a balanced, strategic approach is essential for long-term success.

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9. Strategic Recommendations for Blockchain and Crypto Stakeholders

Charting a Path to a Secure and Innovative Future

Based on today’s developments and the insights of industry experts, several strategic imperatives emerge for stakeholders in the blockchain and cryptocurrency space:

  1. Embrace Integration: Financial institutions should continue to bridge the gap between traditional finance and digital assets. Integrated platforms not only enhance user experience but also foster a more diversified and resilient financial ecosystem.
  2. Prioritize Regulatory Compliance: As the industry evolves, staying ahead of regulatory changes is crucial. Companies must invest in robust compliance frameworks and work closely with regulators to ensure that innovation proceeds in a secure environment.
  3. Invest in Risk Management: Given the volatility inherent in cryptocurrency markets, developing and implementing sophisticated risk management strategies is essential. Leveraging advanced analytics and automated trading safeguards can help mitigate the impact of market downturns.
  4. Focus on Domestic Innovation: Nations should invest in developing indigenous blockchain solutions to reduce dependency on foreign technologies. This approach not only bolsters national security but also drives economic growth and technological sovereignty.
  5. Foster Public-Private Partnerships: Collaborative initiatives between governments, private companies, and academia can accelerate the adoption of blockchain technologies. Such partnerships are key to building scalable, secure, and innovative solutions.
  6. Enhance Investor Education: With the rapid pace of innovation, educating investors about the risks and opportunities in the crypto market is vital. Transparent communication and educational initiatives can help build a more informed investor base.
  7. Promote Global Collaboration: Cyber threats and market volatility know no borders. International collaboration on best practices, regulatory standards, and technological advancements will be essential for long-term success in the blockchain space.
  8. Leverage AI and Advanced Analytics: Incorporating AI-driven tools into blockchain applications can significantly enhance security, efficiency, and decision-making. Investment in these technologies will provide a competitive edge in an increasingly digital world.

By adopting these strategies, stakeholders can position themselves to navigate the challenges of today while capitalizing on the transformative opportunities that blockchain and cryptocurrency offer.

Source: Consolidated insights from all sources


10. Conclusion: Today’s Major Takeaways in Blockchain and Crypto

As we wrap up today’s briefing, the overarching narrative is clear: blockchain and cryptocurrency continue to evolve at a breathtaking pace, driving a convergence between traditional finance and digital innovation while presenting both unprecedented opportunities and significant challenges.

Emirates NBD’s launch of crypto trading on the LIV-X app and BBVA’s regulatory approval in Spain demonstrate that mainstream financial institutions are increasingly embracing digital assets, signaling a new era where the old and the new coexist seamlessly. Pakistan’s ambitious exploration of blockchain for multibillion-dollar remittances highlights the potential for blockchain to revolutionize global finance in emerging markets, while the forecast for blockchain in government—projected to reach $791.5 billion—reinforces the transformative impact of decentralized technology in public administration.

The recent surge in crypto crash liquidations, however, serves as a sobering reminder of the market’s inherent volatility, underscoring the need for robust risk management and investor education. And Japan’s groundbreaking regulatory reforms for crypto brokerages and stablecoins point to a future where clear, consistent policies pave the way for sustainable growth in the digital asset ecosystem.

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From an op-ed perspective, these stories collectively paint a picture of an industry in transition—a landscape where rapid innovation is balanced by cautious regulatory oversight and where strategic partnerships and technological integration are the keys to long-term success. The journey ahead will undoubtedly be challenging, but with the right mix of innovation, collaboration, and proactive risk management, the future of blockchain and cryptocurrency is brighter than ever.

As policymakers, investors, and innovators navigate this complex environment, the lessons of today will serve as a roadmap for building a secure, resilient, and inclusive digital economy. The convergence of blockchain with traditional financial systems, the drive for domestic innovation, and the evolution of regulatory frameworks are not just trends—they are the building blocks of a transformative future.

Thank you for joining us on this in-depth exploration of today’s blockchain and cryptocurrency developments. Stay informed, stay innovative, and let’s continue to shape the future of digital finance together.

The post Blocks & Headlines: Today in Blockchain – March 10, 2025 | Emirates NBD, BBVA, Pakistan Blockchain, Japan Crypto Reforms appeared first on News, Events, Advertising Options.

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Blockchain Press Releases

Movement Network Foundation Announces Public Mainnet Beta Now Live with $250M+ TVL

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Innovative day-one liquidity fuels the latest Move blockchain network launch

GRAND CAYMAN, Cayman Islands, March 10, 2025 /PRNewswire/ — The Movement Network Foundation, the organization dedicated to advancing MoveVM technology, today announced the successful launch of Movement Public Mainnet Beta, with an impressive $250M in at-launch Total Value Locked (TVL) from the Cornucopia program. This milestone enables permissionless smart contract deployment and user onboarding for the first time and allows everyone to freely build on and use Movement, the only Move-based chain that settles to Ethereum.

Cornucopia Deepens Liquidity

“Securing over $233 million in TVL through our Cornucopia program is a clear validation of the market’s confidence in Movement,” said Cooper Scanlon, Co-Founder of Movement Labs. “This level of day-one liquidity is exceptionally rare for a new network and gives us, our builders, and our community a significant advantage. It allows us to skip the months-long bootstrapping phase and immediately provide the foundation needed for meaningful DeFi adoption and utility.”

Cornucopia provides Movement Network with substantial day-one liquidity across BTC, ETH, MOVE, and stablecoin assets, addressing one of the primary challenges new networks face: the “cold start” problem. Developed with industry leaders including Concrete, Veda Labs, Echelon and Canopy, this robust financial foundation enables Movement to support sophisticated DeFi applications from day one.

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Public Mainnet Beta Launch: Features

Movement Network is a secure and scalable network of Move-based chains secured by Ethereum, creating safer execution environments through the Move programming language originally developed by Meta to power safer, better digital economies. Movement is the Network’s first chain.

Public Mainnet Beta key features:

  • Permissionless smart contract deployment
  • Full user onboarding and engagement
  • Attestations of block states will be committed to Ethereum as part of the Movement’s Fast Finality Settlement.
  • Canonical Movement bridge via LayerZero

“With Public Mainnet Beta, developers can now deploy smart contracts without approval, and users can freely engage with the Movement ecosystem. This marks the beginning of a new chapter for Move-based technology, combining robust security and better performance with Ethereum’s network affects” added Rushi Manche, Co-Founder, Movement Labs.

The launch features the canonical Movement bridge powered by LayerZero, enabling users to seamlessly transfer MOVE (the network’s native gas token), USDT, USDC, wBTC, wETH, and more to the Movement chain.

The Movement Network Foundation will continue to launch additional features over time as the ecosystem evolves.

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For more information about Movement Public Mainnet Beta, For more information about Movement’s Developer Mainnet, visit movementnetwork.xyz or follow @movementlabsxyz, @movementfdn, @moveecosystem @Move_Collective on Twitter.

About Movement Network Foundation
Movement Network Foundation is the driving force behind the Movement ecosystem, dedicated to fostering innovation and advancing the adoption of MoveVM technology. The foundation oversees the development of Movement Network, a next-gen solution built using MoveVM that settles to Ethereum. Through its MoveDrop program and ecosystem initiatives, the foundation supports developers, projects, and community contributors building decentralized applications. Learn more at movementfdn.xyz or follow @movementfdn on X.

MEDIA CONTACT:
Carmen Pearson
Head of PR & Communications
Movement Labs
[email protected]

Video – https://www.youtube.com/watch?v=d_wSu1QPz3E

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Movement Network Foundation Announces REX-Osprey™ Funds Files for First U.S. Movement ETF as Public Mainnet Beta Launches

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First Movement ETF Filing Will Provide U.S. Investors with Exposure to Movement Ecosystem

GRAND CAYMAN, Cayman Islands, March 10, 2025 /PRNewswire/ — The Movement Network Foundation, the organization dedicated to advancing MoveVM technology, today announced that REX-Osprey has filed for a new exchange-traded fund (ETF) focused on $MOVE. If approved, this ETF would be the first providing exposure to Movement through traditional financial rails. Simultaneously, the Foundation announced the successful launch of Movement Public Mainnet Beta, with $250M in at-launch Total Value Locked (TVL) from its Cornucopia program.

“This filing represents a historic moment not just for Movement, but for the entire Move landscape,” said Rushi Manche, Co-Founder of Movement Labs. “Breaking the pattern of ETFs limited to long-established cryptocurrencies opens doors for institutional capital to support next-generation blockchain innovation.”

“Traditional investors have expressed keen interest in gaining regulated exposure to emerging blockchain technologies without directly managing tokens,” noted Cooper Scanlon, Co-Founder of Movement Labs. “This ETF represents the convergence of innovative financial products with cutting-edge blockchain architecture.”

ETF Provides Traditional Market Access to $MOVE
The Move programming language, originally developed by Meta, empowers Movement developers to create more efficient, more secure smart contracts. If approved, the ETF would allow investors to gain exposure to Movement through traditional brokerage accounts and retirement vehicles without the technical complexities of direct token management.

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Public Mainnet Beta Launches with Substantial Liquidity
Concurrent with the ETF filing announcement, Movement Network Foundation has successfully launched its Public Mainnet Beta with $250M in Total Value Locked (TVL). This day-one liquidity provides the network with immediate utility.

The Public Mainnet Beta enables permissionless smart contract deployment, full user onboarding, and Ethereum settlement. It gives users and builders the full benefits of Move and the MoveVM. Users can access the network through the canonical Movement bridge powered by LayerZero.

For more information about Movement Public Mainnet Beta, visit movementnetwork.xyz or follow @movementlabsxyz, @movementfdn, @moveecosystem  @Move_Collective on Twitter.

About Movement Network Foundation
Movement Network Foundation is the driving force behind the Movement ecosystem, dedicated to fostering innovation and advancing the adoption of MoveVM technology. The foundation oversees the development of Movement Network, a next-gen solution built using MoveVM that settles to Ethereum. Through its MoveDrop program and ecosystem initiatives, the foundation supports developers, projects, and community contributors building decentralized applications. Learn more at movementfdn.xyz or follow @movementfdn on X.

MEDIA CONTACT
Carmen Pearson
Head of PR & Communications
Movement Labs
[email protected] 

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