The state-owned telecom operator China Mobile has reportedly proposed the creation of a “Digital Identity System” to keep track of all local metaverse users. The idea has been discussed between tech experts and Chinese officials and could set global rules focused on that technology. A Safety Measure or Additional Government Control? According to a recent...Read More
An Ethereum address associated with the network’s co-founder, Vitalik Buterin, transferred 600 ETH to crypto reading platform Coinbase, worth roughly $1 million at writing time. The transfer comes after crypto markets tanked last week, bringing ETH down to $1670 for the first time since June. Is Vitalik Selling His ETH? According to public blockchain data...Read More
[Press Release – Warsaw, Poland, August 21st, 2023] ETHWarsaw, a web3 conference and hackathon, organized by a passionate group of local Ethereum enthusiasts, returns for its second edition. The event is set to take place from August 31st to September 3rd, 2023 in Warsaw, Poland, bringing together a global community of builders, founders, and educators...Read More
dYdX Foundation – the non-profit organization behind the popular decentralized exchange (DEX) DYDX – announced some requirements that chain validators and stakers must comply with to ensure maximum user protection. Good practices are organized into six categories: Maximal Extractable Value (MEV), operations and security, performance, transparency, governance participation, and dYdX ecosystem consideration. According to a...Read More
Mahe, Seychelles – Tectum, the fastest blockchain, is proud to announce the listing of its native token, $TET, on the Bitget Cryptocurrency Exchange. This initiative is part of the company’s plans to incorporate more users into its people-centric ecosystem. Early adopters will enjoy several benefits and will be pioneers of a new monetary system. The...Read More
In recent years, the non-fungible token (NFT) space has expanded into a billion-dollar industry, with Ethereum traditionally leading the way as the dominant ecosystem. Cardano, on the other hand, faced criticism from numerous quarters, being labeled a “ghost chain” due to its absence of a DeFi and NFT economy. However, the NFT landscape is undergoing...Read More
RECUR, a non-fungible token (NFT) company that raised $50 million in an investment round nearly two years ago, has become the latest victim of the current bear market. Over the weekend, the NFT platform announced that it plans to gradually shut down its operations starting this month, with a full business closure slated for November....Read More
Cryptocurrency exchange Binance’s investment arm, Binance Labs, has announced its latest investment in Delphinus Lab, a provider of zkWASM infrastructure. With this investment, Delphinus Lab aims to provide automated verification and batch processing services for Web3 application development. The company has already introduced the first fully open-source zkWASM virtual machine, making it easier for developers...Read More
Bitcoin Ordinals stirred up a frenzy in the community soon after its launch in January 2023. More than eight months later, ordinal inscriptions have maintained their prominence in the Bitcoin network’s activities over the past week. Despite a sharp drop in sales volume, Bitcoin Ordinals remains very much active. Ordinals Account for 85% of Activity...Read More
Lookonchain revealed that Andrew Kang (Co-Founder of the crypto-focused venture capital firm Mechanism Capital) lost over $430,000 in a single day after the recent crash of the digital asset market liquidated his long positions. Kang’s positions opened on August 18 included Bitcoin (BTC), Ethereum (ETH), and Arbitrum (ARB), as he traded with up to 100x...Read More
According to a CoinGecko research, Italy is the most expensive nation for crypto miners since it takes almost $210,000 in electricity to produce one BTC. Other European countries like Austria, Belgium, Denmark, and Germany follow closely as the most unprofitable regions. It is interesting to note that bitcoin mining is profitable in just 62 out...Read More
On Aug. 20, Shibarium, the company behind the popular Shiba Inu cryptocurrency, released an important update on their ongoing development efforts. In a recent blog post, the Shibarium team provided insights into the current status of their blockchain and the steps they are taking to optimize its performance, aiming for a secure public re-launch. Shytoshi...Read More
[PRESS RELEASE – Zug, Switzerland, August 21st, 2023] Islamic Coin, a Shariah-compliant, ethics-first, digital money that has been featured globally, has announced it is working with Republic Crypto, the web3 advisory group within global digital finance leader, Republic. The collaboration includes white-glove support to promote Islamic Coin’s go-to-market strategy, along with advisory services focused on...Read More
Gemini filed a brief addressed to the U.S. District Court for the Southern District of New York (SDNY) late last Friday. It contained a request from Gemini’s legal team for the dismissal of the court case filed against it by the SEC, citing unclear accusations. Whereas Binance, Coinbase, and Bittrex – the last of which...Read More
A group of four investors who invested in the popular NFT collection Bored Ape Yacht Club (BAYC) has filed a class action suit against the project’s creator, Yuga Labs, and 29 other companies for misleadingly promoting the collectibles as their prices continue to tumble. According to a CNN report, other defendants mentioned in the lawsuit...Read More
