Celo News

cLabs, the leading developer of the Celo blockchain, has announced plans to transition its network to an Ethereum Layer 2 solution using the OP Stack.

In early December 2021, a Kickstarter crowdfunding startup received an investment offer in exchange for transforming into a web3 company.

Leading stablecoin issuer Tether is set to introduce its USDT token on the Celo blockchain, an Ethereum Virtual Machine-compatible platform transitioning to an Ethereum Layer 2 network.

Circle is set to launch its U.S. Dollar-pegged stablecoin, USDC, on the Celo blockchain network.

Polygon Labs has suggested that the Celo blockchain community utilize its Chain Development Kit (CDK) for their upcoming Layer 2 transition on Ethereum. This proposal surfaces after Celo’s core team, cLabs, revealed an alternative idea involving a transition from Layer…

Built into Opera Mini, the MiniPay self-custodial stablecoin wallet sends and receives transactions in less than 5 seconds, Celo claims. Opera has developed a new dollar stablecoin wallet on the Celo network for its Android browser Opera Mini to bring…

Binance faces further global regulatory challenges, an uptick in institutional adoption triggers a renewal of investor interest as bitcoin break above $31,000

Curve Finance (CRV) will deploy on Celo’s EVM-compatible layer-1 blockchain to enable seamless movement of stable assets on- and off-chain via Wormhole’s Portal token bridge, according to a press release by Celo on November 22, 2022. Curve joins Uniswap v3…

The defi protocol, Moola market lost about $8.4 million in a recent exploit by a hacker. Interestingly, the hacker returned about 93% of the stolen funds.

DIA Association has announced that its open-source data feeds are available on Celo’s mobile-first network. The integration will enable new end-user applications on Celo to ingest DIA’s data feeds including an extensive library of digital and traditional asset prices.  DIA’s…

Celo is collaborating with top crypto organizations and decentralized finance (DeFi) projects, including Chainlink, RabbitHole, Aave, and Sushi, amongst others, to launch a $100 million incentive project dubbed DeFi for the People. The initiative is aimed at lowering the barrier…

ReSource Finance, a blockchain-based protocol for mutual credit networks extending loans to web3 businesses, has raised $1.7 million from crypto funds and angel investors led by Future Perfect Ventures, NGC Ventures, and ExNetwork, as per a press release on Aug…

Open-source blockchain ecosystem Celo has announced that it raised $20 million in its latest round of funding. This was revealed in a press release on February 10, 2021, and will help expand its growing ecosystem.  $65 Million Raised Since Launch…

Celo (cGLD), a decentralized blockchain project that claims to be focused on building a monetary system that creates the conditions for prosperity for the masses, has announced the launch of its mainnet after two and a half years in development.…

Celo, a decentralized and open-source proof of stake (PoS) blockchain project that claims to be focused on making financial tools accessible to anyone with a mobile phone, has attracted more than 20 new members to its Alliance for Prosperity organization…

An effort to provide credit and facilitate payments for humanitarian aid has found the backing of large institutions such as a16z, Bison Trails, and Anchorage. Bloomberg reports that this may be a contingency plan if Libra goes awry, but the two initiatives…