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According to a Nov. 6 post on X, Cardano has chosen to use Substrate, the foundation of the Polkadot SDK, to build its partner chain project. This decision is said to come after four years of research, culminating in Cardano selecting Polkadot’s SDK, formerly Substrate, as the ideal choice due to its modular and flexible design. A self-sovereign blockchain A leading developer of Cardano, IOG goes on to describe Substrate as a “proven open-source modular framework” and will contribute a set of composable pallets to broaden its overall reach.” 1/ Cardano will use Substrate, the foundation of the Polkadot SDK, to build out its “partner chain” project — showcasing Substrate's potential to expand across Web3, and its ease of use for other chains and ecosystems ️ — Polkadot (@Polkadot) November 6, 2023 As stated by community member Goku, Midnight is likely the first adopter of these partner chain s, with a CEO who has roots back from Parity Tech. ...

Crypto asset management firm Valkyrie has applied for a spot bitcoin ETF and has enlisted Coinbase as its Surveillance Sharing Agreement (SSA) partner . This move follows a trend of similar filings to the U.S. Securities and Exchange Commission (SEC) by industry behemoths BlackRock and Fidelity earlier this month. Valkyrie also re-filed their 19b-4, like BlackRock they mention specific SSA agreement w/ Coinbase, even seems more aggressive (more use of the words 'executed' and 'agreement') They also, like BlackRock, call Coinbase largest US spot bitcoin exch h/t @NateGeraci pic.twitter.com/NDYKSzJeq9 — Eric Balchunas (@EricBalchunas) July 5, 2023 The entry of these finance industry heavyweights into the spot bitcoin ETF arena earlier in the month marked a turning point, setting off a chain of applications from other firms. Their leap into this emerging market segment seems to have stimulated competition among their peers. Valkyrie’s move intended t...

The move provides PAX coin access to Mexico’s 3.1 million-plus cryptocurrency users. Blockchain fintech company Paxos and online marketplace MercadoLibre have entered a partner ship to bring the Pax Dollar (USDP) stablecoin to Mexico via the MercadoPago payment service on June 28.  According to a press release shared with Cointelegraph, USDP will be available to all MercadoPago customers throughout Mexico. While the company is based in the United States — with offices in New York, London and Singapore — more than 60% of its active wallets support customers throughout Latin America. Mexico currently boasts a 9.3% penetration rate for cryptocurrency use, with more than 12 million users, per a report from Statista. By 2027, analysts estimate more than 20 million people in Mexico will hold crypto, bring ing the total penetration to 14.6%. The introduction of USDP to the MercadoPago payment ecosystem adds stablecoin access to the service’s options in Mexico, a feature that could provide m...

“We need more transparency over the reserves of these stablecoins, which I think we’re going to see,” Clara Medalie said. Blockchain infrastructure provider Paxos has recently published a report, that aims at helping the community look beyond the crypto winter and understand how to respond to the current market conditions.  Inside the 20 pages of the Paxos Crypto Winter Report 2023, the infrastructure provider identified several key opportunities for projects during the crypto winter. This includes seeking solutions and finding potential partnerships for their projects. Within the report, Clara Medalie, the director of research at the digital asset data provider Kaiko, said that solutions like stablecoins remain one of the crypto use cases that have "consistently proven itself over time.” Medalie said that stablecoins have been very useful for the entire industry. Total value settled with stablecoins by year. Source: Paxos Report Despite being one of the use cases that proved its...

Syscoin partners with SupraOracles to onboard the world to Web3. Syscoin has announced a strategic partnership with SupraOracles, the world’s premier oracle solution. The collaboration between the two companies will offer a platform for building the fastest, most trustworthy, and most secure Web3 apps. The partners hip between Syscoin and SupraOracles will involve sharing resources to support mutual growth. Syscoin will also benefit from SupraOracles’ rapid finality oracle services, while SupraOracles will assist in the implementation of ZKPs (Zero-Knowledge Proofs) for scalability, particularly for Syscoin’s zkEVM, which is fully compliant with current regulations. Oracles play a vital role in Web3 projects. Developers require oracles to securely connect their decentralized applications to accurate data sources, both from other blockchains and the real world. SupraOracles sets itself apart by providing quicker finality, with response times of 3.5 seconds compared to the 120...