Distributed cloud projects aim to reduce blockchain’s heavy dependence on centralized providers like AWS. Periodic service disruptions and capacity strain on centralized cloud infrastructure have created an opening for companies building distributed networks. Supporters of the distributed approach argue that spreading workloads across several smaller nodes reduces concentration risk. They say the model could be especially valuable in sectors with high computing demand and low tolerance for downtime, such as AI, gaming and finance. “Over time, as decentralized infrastructure matches or exceeds the performance of centralized clouds, reliance on single providers will naturally decline,” Carlos Lei, CEO and co-founder of DePIN-based connectivity marketplace Uplink, told Cointelegraph. Read more
Romania’s financial market watchdog ASF has approved the document related to the public offering for the binding takeover of Transilvania Broker de Asigurare, initiated by Czech company Partners Financial Services a.s.
The crypto exchange enabled decentralized trading for US users, integrating DEX access and self-custody wallets as onchain volumes reach record highs. Cryptocurrency exchange OKX, traditionally known for its centralized trading services, is expanding into decentralized finance with a new feature that lets US users trade tokens directly on decentralized markets. The DEX trading option, available through the OKX app, allows users to buy and sell tokens while retaining control of their digital assets. Trades are executed via self-custody wallets, meaning users hold their own private keys rather than storing funds on the exchange. According to OKX, the feature provides access to millions of tokens across Solana, Base and X Layer, which is OKX’s own Ethereum layer-2 network built using Polygon’s Chain Development Kit (CDK). Read more
Circle is seeking to improve FX market infrastructure by offering institutions deeper global liquidity access with fewer intermediaries and reduced counterparty risk. Circle is expanding into the foreign-exchange market, positioning stablecoins as a tool to modernize one of traditional finance’s most entrenched systems. The issuer of USDC (USDC) on Thursday unveiled Circle StableFX, an institutional onchain FX platform built on Arc1, the company’s forthcoming layer-1 blockchain, according to a news release shared with Cointelegraph. Circle also introduced Circle Partner Stablecoins, a program designed to support regulated regional stablecoins. Trading in the global FX market reached $9.6 trillion per day in April, up 28% from 2022, according to data from the Bank of International Settlements (BIS). The daily trading volume in the global FX market is more than double all global stock markets combined, and far exceeds the roughly $1.69 trillion in average daily US equities trading, running 24 hours a day, five ...
Spanish group Inditex will be opening the latest Zara global flagship store concept within the Sun Plaza shopping center following a modernization process carried out by the Zara Architecture Studio.