DeFi

Ripple Aiming for More Developers With Ethereum Sidechain: CTO

In brief Ripple CTO David Schwartz thinks experimentation is good for blockchains. The XRPL EVM Sidechain debuted in June. The network features smart contracts and uses XRP as its native token. XRP Ledger’s Ethereum sidechain could lead to more experimentation within the network’s ecosystem, while potentially attracting fresh talent, according to Ripple CTO David Schwartz.A…

Technology Guides

What Are Coin Mixers and How Do They Work?

In brief Privacy advocates call coin mixers a necessary tool for protecting anonymity. Government officials call coin mixers tools for money laundering. Billions in crypto have changed hands using coin mixers. Coin mixers have captured the attention of both the cryptocurrency community and regulators as the battle for privacy ramps up.In 2021, the founder of…

DeFi

How NEAR Protocol and Infinex are Redefining the DeFi User Experience

In brief In a fireside chat, NEAR Protocol founder Illia Polosukhin and Infinex founder Kain Warwick argued that greater levels of interoperability are crucial for fueling crypto adoption. In June Infinex successfully integrated NEAR Intents and Chain Signatures, facilitating swapping and bridging of non-smart contract cryptocurrencies across multiple blockchain networks. Polosukhin said that NEAR Protocol…

Business

Marex Becomes ‘First’ Clearing Firm to Use JPMorgan’s Kinexys Blockchain For Settlements

In brief Marex is the first clearing firm to use JPMorgan’s Kinexys blockchain platform for client settlements, the companies said Wednesday. The partnership with Brevan Howard Digital enables 24/7 payments using blockchain-based deposit accounts. The move signals growing institutional interest in programmable, real-time settlement infrastructure. Financial services firm Marex has become the “first clearing firm”…

Markets

Bitcoin Steadies as Short-Term Holder Profit-Taking Slows

In brief Bitcoin’s daily profit-taking plummeted from $2 billion to $1 billion over the past six months. Short-term profit-taking has slowed, but supply in profit remains high. Macro uncertainty and growing risks have pushed investors into capital protection mode. On-chain metrics are flashing potential signs of stabilization for Bitcoin as profit-taking activity declines amid uncertainty…