Solana blockchain receives $100M investment from 5 different funds to grow its ecosystem

CryptoNinjas » Solana blockchain receives $100M investment from 5 different funds to grow its ecosystem The Solana Foundation, overseers of the upstart layer-1 proof of stake (PoS) Solana blockchain protocol, announced today it has partnered with exchanges Huobi and Gate Labs, plus investment funds NGC Ventures and HashKey Group, in addition to MATH, a multi-platform cross-chain wallet, to launch five strategic investment funds to accelerate the development of key projects in the China region and provide continued support to businesses building on Solana. By bringing a total of $100 million…

Read More

DFINITY Foundation launches its blockchain-powered ‘Internet Computer’

CryptoNinjas » DFINITY Foundation launches its blockchain-powered ‘Internet Computer’ Today, the DFINITY Foundation, a not-for-profit organization based in Zurich, Switzerland, is setting the stage for the launch of its ‘Internet Computer’ — turning the public internet into a decentralized global computer. The Internet Computer extends the functionality of the internet, upgrading it from a network connecting billions of people to one that also provides millions of developers and entrepreneurs worldwide with a public compute platform for crypto-based startups and blockchain-ready enterprises. At launch, the Internet Computer is supported by 48…

Read More

Kenyan Capital Markets Regulator Wants Better Coordination With Other Bodies When Testing Crypto Assets

Kenya’s Capital Markets Authority (CMA) says the country needs a more encompassing approach that enables it to leverage other regulators’ expertise when testing crypto assets. Kenyan Crypto Interest Also, the Kenyan body, which favours a joint financial sector regulatory sandbox, says it is keen to forge “a common stance and joint-messaging with the Central Bank of Kenya (CBK)” when it comes to cryptos. The CMA’s latest commentary on cryptocurrencies follows the release of the Capital Markets Soundness report of Q1, 2021. According to the quarterly report, which itself relies on…

Read More

Cross-chain exchange ChainSwap connects to Solana-based AMM and liquidity provider Raydium

CryptoNinjas » Cross-chain exchange ChainSwap connects to Solana-based AMM and liquidity provider Raydium ChainSwap, a cross-chain asset bridge & application hub for smart chains, today announced a new partnership with Raydium, the leading Solana blockchain-based automated market maker (AMM) and liquidity provider. The collaboration will connect applications for Raydium with EVM chains for ChainSwap, as well as drive Solana to EVM-compatible chains traffic. Unlike other automated market makers, Raydium provides liquidity to Serum’s central limit order book (non-custodial DEX that’s built on Solana). This means that the platform’s users and…

Read More

IDEX unveils hybrid liquidity pools fusing core elements of order books and AMMs

CryptoNinjas » IDEX unveils hybrid liquidity pools fusing core elements of order books and AMMs IDEX, a cryptocurrency decentralized exchange (DEX) platform, today announced the launch of IDEX Hybrid Liquidity (IDEX HL), a new feature that combines an order book and trading engine with liquidity pools of an automated market maker (AMM). The unique exchange design protects users from the negative aspects of AMMs, including failed trades and front-running, by instantly executing trades against the best combination of limit orders and pooled liquidity. This approach generates higher returns for liquidity…

Read More