Switchboard launches first Jito node consensus network on Solana

Oracle platform Switchboard becomes the first crypto startup to launch a Jito node consensus network. The on-chain oracle provider announced on Jan.16 that it was launching the first Jito (JTO) node consensus network on the Solana (SOL) mainnet.  An NCN functions similarly to an actively validated service, or AVS, on Ethereum (ETH), meaning Switchboard can […]

Sony’s layer-2 network Soneium triggers outcry over censorship features

Community backlash erupts after Soneium’s launch, with critics labeling its restrictions as anti-decentralization. Japanese multinational conglomerate Sony is stepping into the blockchain spotlight with the launch of Soneium, its layer-2 solution built on the Ethereum network. Designed to “unlock new possibilities, enhancing fan engagement and leveraging the transformative potential of web3 technology,” Soneium promises a […]

Bison expands banking network with Deutsche Bank partnership

Bison strengthens its banking options by adding Germany’s largest bank as a partner to protect customer balances. On Jan. 13, Bison, the crypto trading platform operated by the Boerse Stuttgart Group, revealed that Deutsche Bank has joined as a new banking partner, diversifying its banking relationships and marking the entry of Germany’s largest bank into […]

Digital banking giant Revolut joins Pyth Network

Revolut, the U.K.-based digital banking giant, is the latest company to join the Pyth Network as a data publisher. The partnership between the Financial Conduct Authority regulated neobank and Pyth Network (PYTH) means Revolut will now contribute its price data to the blockchain-based oracle network, benefiting the growing decentralized finance ecosystem. Revolut’s integration with Pyth […]

ELF token to undergo network upgrade on Binance

Binance to support aelf network upgrade, temporarily halting deposits and withdrawals on Jan. 15, 2025. In anticipation of a network update, Binance has announced that it will temporarily suspend token deposits and withdrawals on the aelf (ELF) network on Jan. 15, 2025, at 17:00 (UTC+8). The purpose of this planned update is to enhance the […]

Tether, top crypto exchange to swap $1b USDT to Tron network

Tether and a top third-party cryptocurrency exchange have announced a chain swap that will move $1 billion USDT from other blockchains to the Tron network. On Jan. 6, stablecoin issuer Tether posted on X that it plans to coordinate with a major exchange to facilitate the chain swap. According to the announcement, the coordination will […]

Binance will support DASH network upgrade and hard fork

Binance announces suspension of Dash token deposits and withdrawals for network upgrade. The Dash (DASH) network upgrade and hard fork announced by Binance, is set to take place on Jan. 7, 2025, at block height 2,201,472. Block height refers to the position of a specific block within the blockchain, and the network upgrade will occur […]