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Ripple partners with SBI Group & HashKey DX to introduce XRPL solutions in Japan. HashKey DX to leverage XRPL’s features for innovative blockchain solutions in Japan. SBI Group to pioneer the use of XRPL technology in supply chain management in Japan. Ripple has forged a groundbreaking alliance with SBI Group and HashKey DX to bring innovative blockchain solutions to the Japanese market. This collaboration marks a significant milestone in the adoption of XRP Ledger (XRPL) technology in Japan’s corporate landscape. HashKey DX to introduce XRPL to Japanese businesses Recognizing XRP L’s enterprise capabilities such as fast settlement speeds, low costs, and scalability, HashKey DX is poised to introduce innovative blockchain solutions to Japanese businesses. With a track record of success in implementing blockchain-powered supply chain finance solutions in China, HashKey DX brings invaluable expertise to the table. Over the past years...

April was a month of hacks, exploits and rug pulls, resulting in over $100 million in net losses across DeFi platforms. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. April saw several hacks, exploits and rug pulls that resulted in a net loss of over $100 million among several DeFi protocols. Amid the growing memecoin frenzy, the chances of exploits have increased multifold, with WallStreetBets — a popular trading sub-Reddit group — allegedly rugging its users for $635,000 just days after airdropping about $15,000. DeFi protocol Level Finance was a victim of an exploit resulting in the loss of nearly $1 million. The attacker manipulated a “claim multiple” bug in a Level Finance smart contract to steal more than 214,000 native Level Finance (LVL) tokens from the exchange. The volume of liquid staking protocols has dramatically risen in the past co...

MicroStrategy’s Lightning Network solutions include Satoshi-powered incentives for marketing and website cybersecurity. MicroStrategy executive chairman Michael Saylor has shared his firm’s plans to release Bitcoin Lightning Network-powered software and solutions in 2023. In a recent Twitter Spaces on Dec. 28, Saylor shared that the company is exploring software and solutions that utilize the Lightning Network, such as solutions that “support” enterprise marketing as well as a cybersecurity solution aimed at corporate websites. The Lightning Network is a layer-2 payment protocol layered on top of Bitcoin’s Blockchain that allows for off-chain transactions, raising payment throughput and lowering transaction fees. The business intelligence and tech company, known for its massive Bitcoin holdings, has been looking to beef up its Lightning Network-versed team, most recently announcing it was looking to hire a Bitcoin Lightning Software Engineer to build a Lightning Network-based software...