The world finally has its first legal DAO, thanks to developments in the state of Wyoming. The American CryptoFED DAO, an organization dedicated to creating a monetary system resilient to fluctuations in value, received notice from the Wyoming Secretary of State’s office that its project had been officially recognized as a DAO in the United...Read More
IAGON, a Norway-based blockchain startup focused on decentralized cloud computing, has announced the completion of seed funding to the tune of $3.4 million. According to the announcement today, the latest round saw participation from reputable crypto and blockchain firms, led by LedgerLink Labs. Other investors include Blockchain Israel, AU21 Capital, Kirin Fund, Coinsgroup, Alphabit, Launchpool,...Read More
Following the recent FUD around high energy usage from cryptocurrency projects, Enjin – the NFT ecosystem provider and creator of the ERC-1155 token standard, has turned its JumpNet blockchain carbon negative. This comes after joining the Crypto Climate Accord, aiming to decarbonize the industry. Enjin Joins Crypto Climate Accord Ever since Tesla’s Elon Musk criticized...Read More
Blockchain Capital remains a major tech backer in the DLT space with investments in numerous crypto and DLT projects. Fund V with $300M Funding According to a press release published on Monday (June 22, 2021), Blockchain Capital has closed funding for its Fund V LP. The capital raise reportedly drew participation from several high-profile backers...Read More
Metis, the blockchain protocol aiming to serve as Layer 2 for the Ethereum network, has launched its second testnet enabling users to preview the platform. Additionally, the project has unveiled a new Ecosystem Development Program with a more robust and accessible DLT. Metis Launches Second Network Testnet Developed as an Optimistic Rollup, Metis advertises itself...Read More
The Solana Foundation has partnered with the large South Korean blockchain accelerator ROK Capital to launch a $20 million fund. It aims to develop the Solana blockchain ecosystem by enhancing various projects, including those related to DeFi, NFTs, and Web3. Solana and ROK Capital Launch a $20M Fund Founded in 2017, Solana is a web-scale...Read More
Another cryptocurrency-related company aims to go public, this time, it’s China Network. The project, founded by the inventor of BitTorrent, has chosen a more traditional way through an IPO and came a step closer after raising $61 million in a recent funding round. Chia Network Raises $61M to Go Public Founded in 2017 by Bram...Read More
Today is the international Bitcoin Pizza Day! This is a day that many in the crypto community celebrate the 11th anniversary of the first Bitcoin commercial transaction for two pizzas, which cost 10,000 BTC. On May 22, 2010, Laszlo Hanyecz traded 10,000 BTC for two Papa John’s pizzas in Florida. Years later, they would become...Read More
Blockchain-based project Revuto has entered into a strategic partnership with Cardano and will launch its decentralized application on top of the latter’s blockchain. Both parties aim to enhance recurring DLT-based payments for various subscriptions, including movies, music, cosmetics, food, and more. Revuto Goes on Cardano By utilizing blockchain technology, Revuto enables its users to “save...Read More
9 out of 10 of all Bitcoin (BTC) mining pools have been signaling for taproot activation, an upgrade that could highly improve network scalability and privacy. However, its activation seems unlikely during the Difficulty Epoch for Bitcoin. The latest mining pool to signal Taproot activation is BTC. Top, which did so on block height 683,945....Read More
The data-agnostic oracle network supporting multiple blockchains, ORAO, will launch its general data product on top of TRON. The two parties announced a partnership earlier, with ORAO claiming it chose TRON due to the significantly lower transaction costs compared to other networks. ORAO to Launch Products on TRON Described as a “blockchain agnostic oracle platform...Read More
The large law firm CMS selected the blockchain service company Stratis, for its equIP legal accelerator program. As a result, Stratis and CMS will offer support and guidance to startups requiring legal counsel. CMS Adds Stratis to Accelerator Program Founded in 1999, CMS is an integrated, multi-jurisdictional organization of law firms that offers full-service legal...Read More
IOHK and World Mobile have teamed up on an initiative that will use Cardano’s blockchain to create digital identities, mobile internet connection, and financial acceptance to communities in Tanzania. Tanzania To Benefit From Cardano The continent of Africa, consisting of 1.3 billion people, has a huge problem with Internet connection. As revealed, more than half...Read More
Reef Finance has announced that its Substrate-based mainnet will see the light of day in May 2021. Called Reef Chain, it promises to “make DeFi easy” by enabling developers to use a highly scalable and fully EVM-compatible network that’s integrated into the Polkadot ecosystem. Reef Chain Coming in May Reef Finance is a cross-chain DeFi...Read More
After four years of calling cryptocurrencies a “fraud,” American investment bank JP Morgan Chase is now actively hiring developers for Ethereum and blockchain development. The position was posted on Glassdoor, a US-based job and recruiting site. The firm is looking for developers with experience writing smart contracts, implementing business applications, and verifying cryptographic protocols on the blockchain. ...Read More
French game publisher Ubisoft has partnered with Tezos, becoming an official corporate validator node on its blockchain. Nomadic Labs, a research and development team within the Tezos ecosystem, announced the partnership via Twitter. 🎮@Ubisoft is exploring #Tezos technology by becoming a corporate baker. 👋 Welcome to the ecosystem!Read the announcement: https://t.co/ZM1IzBTVCM#blockchain #DigitalTransformation #crypto #Ubisoft pic.twitter.com/6wKCQIFAOJ...Read More
Deutsche Telekom has invested in Celo, an open-sourced proof of stake (PoS) blockchain designed to allow mobile phone access to decentralized finance projects. The German telecommunication giant is the first such company to join the Celo network. Deutsche Telekom Invests in The Future of DeFi Founded in 1995, Deutsche Telekom is the largest telecommunications provider...Read More
The use of decentralized technologies is growing in Spain, and we are not just talking about cryptocurrencies but blockchain in general, especially for enterprise purposes. From municipalities and public universities to corporations and industries, more and more businesses are adopting the blockchain in one way or another, increasing the ecosystem’s diversity and activity. According to...Read More
Bitcoin mining company Riot Blockchain has decided to expand its mining capacity by purchasing 42,000 S19 Antimners from Bitmain, a Hong Kong crypto-mining products manufacturer. The purchase was worth at least $138.5 million and it’s part of the company’s plans to increase its Bitcoin mining hashrate, aiming at 7.7 EH/s by mid-2021 (an increase in...Read More
The Cardano Foundation has partnered with a goods and products platform providing digital brand protection – Scantrust – to launch a supply chain traceability and anti-counterfeit solution. The first implementation saw the light of day with a Georgian artisan wine producer. The Cardano-Wine Connection The independent Swiss non-for-profit organization behind the popular Cardano blockchain announced...Read More
Just a few weeks after IOTA introduced Mana in its testnet platform, the blockchain project has enhanced its trials by releasing a newer version of the Pollen testnet. It will be integrated into two Coordicide modules, which should serve as a major step towards achieving complete decentralization. In a recent blog post, IOTA announced the...Read More
A global open-source hybrid blockchain protocol, eXchange inFinite (XinFin), has partnered with the enterprise software firm R3. As a result, the latter’s DLT-based platform Corda will use the XDC token as the primary settlement coin. The Bridge Between R3’s Corda and Blockchain Networks In a press release shared with CryptoPotato, both parties announced the collaboration,...Read More
The chain-agnostic Layer-2 infrastructure, Cartesi, has partnered with the IOTA Foundation to expand the use cases of DeFi, gaming, and NFTs. Additionally, both parties aim to serve as the bridge between traditional technological solutions and blockchain. Cartesi Collaborates with IOTA Headquartered in Germany, the IOTA Foundation is a global not-for-profit establishment focusing on research and...Read More
Originally planned for a March 15 launch, the Symbol platform is finally on mainnet following almost four years of development. The proof-of-stake enterprise grade blockchain enables the creation of specialized crypto assets with configurable properties that can act as security tokens. It is an evolution of the original NEM blockchain which was launched in March...Read More
In an attempt to serve as the next generation of DLT, Polkadot has announced plans to establish decentralized and trustless bridges to enhance interoperability among various networks. Parity Technologies is developing the first generic bridge that will enable all Substrate-based chains to connect and communicate with each other. Polkadot’s Decentralized Bridges The blockchain project behind...Read More
Parity Technologies aims at developing and releasing a generic asset parachain to serve as one of the first common-good chains on Polkadot. Dubbed Statemint, it would provide functionality for deploying various asset types, such as tokenized artwork or even central bank digital currencies (CBDCs). Statemin to Come on Polkadot The press release shared with CryptoPotato...Read More
The popular DLT protocol Parity Technologies has partnered with Berkeley’s Blockchain Xcelerator program to provide educational panels for students in the university’s blockchain curriculum. As part of the collaboration, Polkadot’s co-founder Gavin Woods will be a guest lecturer in the A. Richard Newton Distinguished Innovator Lecture Series. Parity to Educate Berkeley Students About Blockchain Parity...Read More
A few months following a Cardano integration, the DLT project Wolfram Blockchain Labs (WBL) has done the same with Tezos. As a result, developers working on blockchain analytics and computational contracts will be able to employ the Tezos network. WBL Integrates Tezos WBL is a provider of distributed ledger technology (DLT) solutions that support the...Read More
The popular Layer-2 scaling solution for the Ethereum blockchain, Matic Network, has rebranded its project to Polygon. Upon the name change, Polygon also announced plans to enhance its support for the Ethereum network to scale faster and reduce the growing transaction costs. Matic Network Becomes Polygon Known as Matic Network until today, the project serves...Read More
The regulated stablecoin fully backed by the US dollar, Stably USD (USDS), will launch on the popular public blockchain – Tezos as a part of an ongoing collaboration between the two parties. The stablecoin issuer aims to target lower fees with the Tezos network, which recently went through an upgrade that decreased the costs by...Read More
