Sei Foundation, the organization supporting the Layer-1 blockchain Sei, has revealed a new US non-profit, Sei Development Foundation, establishing its headquarters in New York. The post Sei Establishes US Non-Profit Foundation, Opens New York Office appeared first on Cryptonews.

The New York-based Sei Development Foundation will support the growth of the Sei protocol and advance crypto innovation in the U.S.

Sei Foundation revealed its plans to acquire 23andMe on a mission to protect the genetic data of millions of US users. 23andMe raised concerns across the US after announcing its bankruptcy.

Sei Blockchain, the layer-1 chain in a significant bet towards the developing concept of decentralised science, has announced the acquisition of 23andMe after the latter filed for the Chapter-11 Bankruptcy. The California-based genetic testing and biotech company, 23andMe, has been offering DNA testing via saliva samples for millions of Americans since 2007.

TL;DR Sei Foundation is considering acquiring 23andMe after its bankruptcy filing, aiming to protect the genetic data of millions of users using blockchain technology. The proposal empowers individuals by giving them full control over how their genetic information is stored, shared, and monetized.

The Sei Foundation, the nonprofit behind the Sei (SEI) layer-1 blockchain, is considering acquiring bankrupt personal genomics giant 23andMe. The goal? To bring the genetic data of 15 million users onto blockchain rails, ensuring privacy, ownership, and control in what its calling its boldest DeSci bet yet.

The Sei Foundation is exploring the acquisition of 23andMe, a bankrupt genetic testing company, with plans to bring its data infrastructure onto the Sei blockchain. In a statement released on March 27, the Foundation revealed that the acquisition would mark a significant step toward protecting genetic data through on-chain solutions.

Sei Foundation revealed plans to acquire genetic testing firm 23andMe, which filed for bankruptcy early this week. The potential deal aims to revolutionise genetic data security and privacy using blockchain, guaranteeing user authority over sensitive details. The company said: We believe user data sovereignty is a matter of national security.

After 23andMe declared bankruptcy in the United States on March 23, 2024, the Sei Foundation, linked to the Sei blockchain network, announced its intention to consider acquiring the genetic testing company. The goal would be to protect the privacy of the genetic data of about 15 million users, offering them ownership and direct control of the information through secure and encrypted blockchain tools. The project, announced in a post published on March 27 on the official X account of the Sei network, aims to address an issue of growing importance: the security of bio-genetic data in the digital age, especially in contexts of financial instability like the current one of the American biotech company.

Sei Foundation considers acquiring bankrupt genomics firm 23andMe, saying it wants to protect the genetic privacy of 15m Americans by securing their data on blockchain. The post Sei Foundation Eyes 23andMe Buyout to Secure Genetic Data On Blockchain appeared first on Cryptonews.

The foundation behind the layer-1 blockchain, Sei, announced it was exploring the acquisition of the genetic testing company 23andMe after the firm filed for bankruptcy.In a March 27 X post, the Sei network said its foundation was considering purchasing 23andMe “to defend the genetic privacy of 15 million Americans” by putting the company's data on the blockchain. According to the foundation, if it acquires the biotechnology company, it plans to deploy all the genetic information on the blockchain and “return data ownership to users through encrypted, confidential transfers.

23andMe, the genetic testing company that went public in 2021, announced on March 23 that it was filing for Chapter 11 bankruptcy.

If the acquisition proceeds, the foundation plans to integrate 23andMe's data onto its blockchain and give users ownership of their genetic data.

dYdX has announced its first-ever buyback program, committing 25% of protocol fees to buy DYDX on the open market. Based on last year's revenue numbers, that could amount to over 11M in DYDX purchased per year.

TL;DR dYdX has launched a token buyback program to strengthen network security and improve the utility of its native token. 25% of the protocol's monthly net fees will be allocated to token buybacks, with the tokens being staked to enhance the network's resilience.

dYdX, the decentralized perpetual contracts trading platform community, has officially launched the first-ever $DYDX Buyback Program, a major move for the protocol. The post dYdX Community Launches DYDX Buyback Program appeared first on Cryptonews.

DeFi protocol dYdX has announced the launch of a token buyback program. The protocol plans to spend 25% of its net protocol fees on buying back the DYDX token from the open market.

dYdX will begin monthly token buybacks with 25% of its annual net protocol fees via its Treasury SubDAO.

With 85% of DYDX tokens already unlocked, dYdX is rolling out a buyback program to pump value back into the ecosystem.

DYDX price has surged by nearly 9% after dYdX announced its new buyback program. The decentralized derivatives exchange will use 25% of the protocol fees to repurchase DYDX from the market.

Decentralized trading exchange dYdX has introduced a token buyback program to strengthen network security and enhance the utility of its native token, DYDX. According to a March 24 announcement, the protocol stated that it would allocate 25% of its net monthly fees to buy DYDX tokens from the open market.

DYdX is allocating 25% of protocol fees to the program, with active governance discussions on an increase to 100%.

Decentralized finance (DeFi) trading platform dYdX announced its first-ever token buyback program on March 24, aiming to reinvest in its ecosystem to enhance security and governance.According to the announcement, 25% of the protocol's net fees will be dedicated to monthly buybacks of its native dYdY (DYDX) token on the open market. Following the announcement, DYDX surged over 10% and was trading at approximately $0.731 at the time of writing, according to CoinGecko.

This unexpected boost has industry watchers speculating about the next potential breakout. Could XYZ be on the brink of a similar rise?

Sei's price has been in a strong downward trend over the past few months, but technical and fundamental indicators suggest that a rebound may be possible. Sei (SEI), a layer-1 token, dropped to a low of $0.

US President Donald Trump's World Liberty Financial has purchased 541,242 SEI tokens for 100,000 USDC.

SEI cryptocurrency price jumped 7.3% after Donald Trump's DeFi venture World Liberty Financial purchased 541,242 tokens for $100,000

Donald Trump's DeFi project World Liberty Financial continues fresh crypto, acquiring another 541,242 SEI coins. This news was enough to push the SEI price up by 7.3% while the broader crypto market consolidates.

dYdX updated its roadmap to prioritize faster transactions, stability, and a better trading experience, aiming for expanded assets and advanced features to attract more users The post dYdX Updates Roadmap for Faster Trading and Enhanced User Experience appeared first on Cryptonews.

Decentralized perpetual contracts trading platform dYdX has updated its near-term roadmap which details improvements focused on enhancing speed and user experience as well as rollout of new trading features.

Sei's Giga upgrade introduces the Autobahn consensus mechanism, promising rapid transaction finality and robust infrastructure for global markets. Explore its potential impact on traditional asset tokenization.

dYdX has announced a new strategic roadmap aimed at strengthening its position in the decentralized derivatives market. With the rapidly evolving landscape, the team is prioritizing platform stability, enhancing user experience, and expanding available trading tools.

The SEI network marks a significant rise in DEX volume to hit a record volume of $65 billion. However, it fails to reflect demand to drive the SEI market price higher. Will the altcoin manage a breakout rally amid rising DEX volumes?

The Astar Contribution Score (ACS) campaign incentivizes innovation across DeFi and gaming by allocating rewards to projects fostering adoption and engagement within the Astar ecosystem.

dYdX, the decentralized exchange (DEX) token, has witnessed considerable volatility over the years. After reaching its all-time high (ATH) of $4.53, it has struggled to regain its previous momentum, leading many to question its future potential.

Following a bearish patch for weeks, SEI is positioning itself as a high potential altcoin to lead the market reversal. With a potential breakout rally ahead, is SEI the best token to buy right now?

Meme coins are a very young phenomenon in crypto. While today, they are largely associated with rug pulls and scams, they can evolve into something more meaningful.

Sei (SEI) is recognized as the first sector-specific Layer 1 blockchain, designed specifically to enhance the performance of decentralized exchanges (DEXes) within the blockchain ecosystem. Sei's main focus is optimizing trading processes, offering exchanges a competitive edge by meeting the high demands of DEXes and also supporting asset trading and NFTs.

After Donald Trump's World Liberty Financial took a strategic position in SEI worth $125K, the DeFi token has been on a bounce back. Aiming for the $0.30 resistance, will the SEI price continue to rise towards $0.50?

Story Highlights The SEI live Price is . Sei price could reach a high of $1.12 in 2025. The Sei coin price with a potential surge, could hit $4.17 by 2030. Recognized as the first sector-specific Layer 1 (L1) blockchain, Sei represents a pioneering approach within the blockchain ecosystem.

The cryptocurrency token SEI has actually stood out as a noteworthy example of market endurance, which was further confirmed by this token posting a solid 16% within the previous week. Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What's Next For DOGE?

Sei (SEI) has garnered attention as the first sector-specific Layer 1 blockchain, designed to optimize decentralized exchanges (DEXes) and provide faster trading experiences. Sei's innovation has positioned it as a prominent player in the blockchain ecosystem, offering better trading processes and increased performance for DEXes.

Kaito's YAP system incentivizes crypto discussions on social media, creating a buzz around its 'tweet-to-earn' mechanism.

Astar Network introduces dApp Staking, a novel approach to funding decentralized applications, offering sustainable support for developers and rewards for users.

Sei Labs achieves a significant milestone with 5 gigagas throughput on a 40-node network, leveraging the Autobahn consensus protocol to enhance blockchain scalability.

Astar Network introduces the Astar Contribution Score (ACS) campaign to expand the utility of its native token, ASTR, within the Soneium ecosystem, offering rewards to active participants.

United States President Donald Trump's World Liberty Financial announced another round of investments this week to further build its crypto portfolio.

Charles d'Haussy, the dYdX Foundation CEO, projected that September would be the start of a months-long DeFi boom. d'Haussy argued at the Consensus 2025 in Hong Kong that "DeFi Summer" was an inadequate term to describe the upcoming growth.