Blockchain
Interest in X-Accounts Skyrockets as Wirex Lists 15 New Coins on Platform
Wirex, the leading digital payments platform enabling everyone to access the benefits of blockchain technology, has added 15 new coins to their platform. The news follows the recent addition of their X-Accounts feature, which has now seen nearly $10 million worth of funds secured in them.
Since inception in 2014, Wirex have been on a mission to enable users of all abilities to easily buy, hold, exchange and sell crypto. With an explosion of interest in the decentralised finance (DeFi) space in recent years, Wirex have sought to develop their product to give nearly 4 million customers worldwide the ability to take advantage of this.
Since 7th June, Wirex have added 15 tokens from some of the most popular DeFi players*. These include Universal Market Access (UMA), OMG Network (OMG), Basic Attention Token (BAT), 0x (ZRX), Synthetix (SNX), FTX Token (FTT), Loopring (LRC), Kyber Network (KNC), Curve (CRV), Compound (COMP), SushiSwap (SUSHI), Augur (REP), Bancor (BNT), Balancer (BAL) and 1INCH. In May, the company announced that they had launched Aave (AAVE), Maker (MKR), Chainlink (LINK), Uniswap (UNI) and Yearn.Finance (YFI).
Since then, Wirex has made headlines globally after releasing their game-changing X-Accounts feature on the platform. Solidifying their endeavour to become one of the world’s most accessible interest-paying accounts ever, the company has already seen nearly $10 million worth of funds stored in across more than 12,000 accounts, which continues to grow at an astronomical rate. Unprecedented when compared to competitors and high-street banks, it offers users the ability to earn up to 16% interest back and demonstrates the staggering demand for next-generation DeFi services.
Pavel Matveev, CEO and Co-Founder of Wirex, said that: “Democratising access to crypto, and now DeFi, has always been at the heart of Wirex, and no better has this been demonstrated by the huge excitement of our customers over the last few months. The rollout of tokens from leading DeFi projects, as well as the incredible popularity of X-Accounts has cemented our position as a market-leader, and we hope to continue to innovate to ensure our commitment to the digital economy.”
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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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