Blockstream, led by early Bitcoin developer Adam Back, has launched a new R&D hub in Lugano, Switzerland, aimed at promoting fintech innovation on Bitcoin's Liquid and Lightning networks. This center will collaborate with local startups and partners to enhance layer 2 innovation, providing resources, mentorship, and grants to promising projects. This initiative builds on successful events previously co-hosted by Blockstream in the region. In related developments, various blockchain projects, such as Puffer Finance and Cytonic, are advancing their technologies with new launch announcements and fundraising efforts. Projects like Hyperbridge and IllumineX are also addressing interoperability and privacy issues within the crypto space. As these efforts unfold, they highlight the ongoing evolution of blockchain technology and its applications in modern finance.

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