Blockchain
OKEx Expands Extensive DeFi Offer, Listing DIA and Kleros PNK
OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has further amplified its offering of decentralized finance tokens by listing Decentralised Information Asset (DIA), an open-source platform for transparent, community-verified price oracles for DeFi applications, and Kleros (PNK), an open-source online platform for dispute resolution.
DIA spot trading against USDT went live at 12:00 pm UTC on Aug. 18, and DIA spot trading against ETH from 1:00 pm UTC on Aug. 18. DIA deposits opened at 11:00 am UTC on Aug. 18, and withdrawals became available starting from 11:00 am on Aug. 19. DIA value soared by as much as 60% when trading became available on the OKEx platform.
PNK spot trading against USDT became available at 8:00 am UTC on Aug. 19, and PNK spot trading against ETH at 9:00 am UTC on Aug. 19. PNK deposits opened up at 7:00 am on Aug. 19 and withdrawals will be available beginning at 9:00 am UTC on Aug. 21.
Growing the DeFi economy through collaboration
Exponentially growing leading DeFi protocols like Maker, Compound, Aave and Synthetix requires oracles to deliver critical fundamental data, such as asset prices. These oracles are one of the essential building blocks for a DeFi ecosystem to function and grow, and they must meet the requirements of DeFi’s promise of transparency and independence.
Today, however, most DeFi products still lack a robust pricing-data solution and rely on nontransparent data sources, which creates substantial risks for investors because the methodologies of price processing by oracles are not clearly stated. As the DeFi economy grows, so does the need for accurate price oracles to circumvent attacks from malicious actors exploiting technological and methodological vulnerabilities.
DIA provides trusted price oracles for DeFi applications. Its open-source platform allows for transparent price oracles that are entirely community-verified. DIA leverages crypto-economic incentives and the invaluable judgment of the community to source, validate and deliver trusted financial data. As a Swiss-based nonprofit association, DIA strives to democratize financial data, with transparent data sources and methodologies that are publicly accessible to everyone — from DeFi platforms, traders and financial institutions, to information providers, regulators and financial authorities.
Kleros (PNK), on the other hand, is an open-source online platform for dispute resolution that uses blockchain and crowdsourcing to fairly adjudicate disputes. Development efforts are coordinated by Coopérative Kleros, a Société Coopérative d’Intérêt Collectif (SCIC) incorporated in France. As DeFi grows, so does the need for effective solutions for dispute resolution, and Kleros is currently solving disputes in matters including exchange-listing procedures. All of its research and code development are open-source and free for anyone to use.
“We’re very encouraged to see the giant strides being taken in the DeFi economy,” said OKEx CEO Jay Hao. “As a real alternative solution to traditional financial services grows up around us, offering people the chance to make significant returns on their investments, it is essential that the space grows sustainably and with accurate price data that is free from manipulation and effective dispute resolution mechanisms to protect users’ interests. To that end, we are pleased to be listing DIA and PNK in order to further support DeFi’s progress.”
OKEx now lists a total of 19 DeFi tokens — and last week, it announced the creation of OKEx Oracle, its secure signed price feed that, like DIA, can be used by decentralized finance projects to gain access to reliable on-chain prices from a trustworthy source. Jay Hao added:
“With more than $6 billion of locked value in DeFi protocols, it’s clear that we are not going to see a retraction in DeFi any time soon. As banks offer their customers near-negative yields on savings and high interest rates on loans, DeFi provides an extremely attractive alternative. We’re thrilled to be leading the way alongside outstanding projects like these and are excited to see how far DeFi progresses in the future.”
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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