Galxe, a Web3 credential project, instructed users not to interact with the platform following a security breach on its website. Meanwhile, on-chain sleuth ZachXBT says the hackers are likely the same as the rogue actors that recently attacked Balancer’s front end. Galxe reported the security incident via its official X handle on October 6, asking...Read More
Sam Curry, a security engineer at Yuga Labs, was at the center of a federal investigation conducted jointly by the Internal Revenue Service’s Criminal Investigation Division (IRS-CI) and the Department of Homeland Security (DHS). The investigation traces back to Curry’s involvement in uncovering a cryptocurrency phishing website in December 2022. Sam Curry’s Encounter with Federal...Read More
Coinbase, one of the most popular crypto exchanges, continues its expansion journey with the official launch of its Web3 wallet designed to facilitate transactional interactions for major institutions with Web3, DeFi, and NFTs. Per Coinbase’s statement, this crypto wallet will rely on MPC tech to enable clients to store tokens from supported networks, access funds,...Read More
Typically, in order to interact with Ethereum, participants have to use the so-called Externally Owned Accounts (EOAs). Today, EOAs are the only way to initiate a transaction or execute a smart contract. Naturally, this puts certain limitations on the way users can interact with the network. A simple example would be that it makes it...Read More
The Web3 startup accelerator that focuses on Decentralized Finance (DeFi) and blockchain games – Cronos Labs – said the recruitment phase of the Cronos Accelerator Program started on September 4. The entity has previously teamed up with numerous companies, including Google Cloud, Amazon Web Services (AWS), and PeckShield, to support the scheme’s launch. The price...Read More
A recent study by blockchain and Web3 software company Consensys has found Nigeria to be leading in cryptocurrency awareness across all continents, with 99% having heard of the asset class and 91% willing to invest. The survey was taken by 15,158 people online across 15 countries, including the U.S., the U.K., Argentina, France, India, Japan,...Read More
Gala Games, the Web3 gaming startup behind mobile RPG Champions Arena and other ventures, was founded in 2019 and has grown steadily. Since then, a falling out has occurred between co-founders Wright Thurston and Eric Schiermeyer. Each controlled 50% of the company, and they are now fighting to remove the other from the board of...Read More
Popular Web3 domain service provider – Unstoppable Domains – announced the launch of ‘Unstoppable Messaging.’ The new offering is an end-to-end encrypted Web3 domain messenger that aims to help Web3 participants connect with friends, stay updated on their projects, and foster communities in a decentralized manner while retaining privacy. Unstoppable Domains also plans to expand...Read More
Web3 decentralized domains service provider – Ethereum Name Service (ENS) – raked in $235,000 in fees on August 13. The figure is the highest since September 11, 2022. Over the past couple of years, ENS has stood as a mainstay within the Web3 realm, enabling individuals to generate easily understandable domain names and wallet addresses...Read More
Prominent Hong Kong-based e-gaming player – Boyaa Interactive International Limited – announced that its board of directors has approved a budget of $5 million to purchase cryptocurrencies. Informing the company’s shareholders and future potential investors, Boyaa said it will buy mainly Bitcoin (BTC) and Ether (ETH) on regulated and licensed trading platforms in the coming...Read More
The decentralized blockchain infrastructure provider, Ankr, has teamed up with Matter Labs to launch dedicated zkSync Era Nodes and Hyperchain blockchain solutions on the Microsoft Azure Marketplace. The main objective is to promote Web3 development growth and enterprise adoption by providing a gateway that is readily accessible to blockchain infrastructure available to Azure’s customers. Ankr’s...Read More
Web3 domain provider Unstoppable Domains is extending support to .eth domains enabling users to purchase via the official website. Unstoppable Domains typically offer domain endings such as .crypto, .blockchain, .nft, etc, while the Ethereum Name Service (ENS) is the only place Ethereum enthusiasts have been able to purchase the .eth domain names. The addition of...Read More
Coinbase has unveiled an end-to-end encrypted, private, and portable messaging feature for its self-custody wallet product – Coinbase Wallet to enable users to connect directly through their wallet, engage with communities, as well as send payments across thousands of coins. The goal is to give Coinbase Wallet users full control and ownership over their identity...Read More
The venture capital fund Hashed Emergent will host a multi-chain Web3 conference in Bangalore, India, at the beginning of December this year. The event, dubbed “India Blockchain Week (IBW),” will touch upon the country’s increasing role in the cryptocurrency industry. Indians have shown interest in digital assets lately (especially during the COVID-19 pandemic), whereas some...Read More
Binance Academy – the educational arm of crypto exchange Binance – announced a partnership with Coursera. The collaboration with the leading online learning platforms that boast more than 124 million learners globally aims to bring educational opportunities to everyone in the form of a comprehensive suite of learning programs that are slated for launch over...Read More
Sony’s wholly-owned subsidiary – Sony Network Communications – has injected $3.5 million in a seed round for Singapore Web3 tech giant, Startale Labs in addition to yet another strategic collaboration. The deal was conducted via a private placement of new shares and did not have any other investors. Both firms have announced appointing Jun Watanabe,...Read More
Self-custody infrastructure provider Safe (formerly known as Gnosis) has announced a strategic partnership with blockchain security firm Redefine. The main aim is to enable users to transact with “more confidence” by diligently checking each transaction which can be achieved by integrating Redefine’s pre-transaction risk assessment tool DeFirewall into Safe’s user interface. Enhancing Blockchain Security According...Read More
The decentralized blockchain infrastructure provider Ankr has announced the launch of Enterprise RPC services on Microsoft’s Azure Marketplace to offer a readily accessible gateway to blockchain infrastructure for the cloud computing platform’s customers. Ankr and Microsoft Integration According to the official press release shared with CryptoPotato, the RPC service will offer global, low-latency blockchain connections...Read More
China seems to be opening up to some parts of the industry. Despite its hard stance on trading and owning cryptocurrencies like Bitcoin and Ethereum, the country is pushing for the development of Web3. During the parallel forum of the 2023 Zhongguancun Forum called Web3: Future Internet Industry Development, the Beijing Municipal Science and Technology Commission, alongside...Read More
It’s been a big week for Worldcoin, the blockchain brainchild of OpenAI CEO Sam Altman. The blockchain biometrics project is closing a $100 million funding deal. The investors in this round include new backers in addition to previous ones. Worldcoin’s $100 Million Seed Round Past seed round investors in Worldcoin include a16z (Andreessen Horowitz), Coinbase’s...Read More
Blockchain gaming giant – Animoca Brands – revealed around $3.4 billion in assets in an interim financial update that outlined its key unaudited financial positions as of April 30, 2023. The Hong Kong-based company announced that it remains financially strong with a cash and stablecoin balance of $194 million. The financial statement also reported liquid...Read More
Alibaba Cloud – a subset of Chinese e-commerce behemoth Alibaba – along with Avalanche has built a launchpad for businesses to deploy metaverses on the layer 1 blockchain. Dubbed “Cloudverse,” the platform is designed to serve as a one-stop, end-to-end solution for businesses to easily customize, launch, and maintain their own metaverse space, thereby creating...Read More
Payment giant Stripe announced the launch of a fiat-to-crypto onramp to streamline process the for Web3 companies to enable US-based customers to purchase crypto. The company will also be opening the onramp to all Web3 users, in addition to the ones who joined the waitlist over the last few months. The onramp, whether embedded on...Read More
Move over “Shark Tank,” CoinMarketCap has teamed up with a Web3 entertainment company called Hello Labs – founded by multi-award-winning Hollywood director and producer Paul Caslin – to release a competition show designed to entertain and educate audiences across the world on the intricacies and evolving tech of the Web3 space. The new reality show...Read More
US payment giant Mastercard has dispatched a new Web3 solution that seeks to bring more trust to blockchain transactions. Dubbed ‘Mastercard Crypto Credential,’ the offering will establish a set of common standards and infrastructure that will “help attest to trusted interactions among consumers and businesses using blockchain networks.” Mastercard Crypto Credential In a blog post...Read More
Google Cloud announced plans to assist Web3 startups and projects to build and scale faster and more securely. The new offering expands on the existing initiative called – “Google for Startups Cloud Program” by including additional Web3-specific benefits. The Initiative According to the official press release, eligible Web3 technology projects and startups from pre-seed to...Read More
TinyTap – a technological startup that empowers users to create different educational game-based activities – secured an $8.5 million fundraiser. The company, which is a subsidiary of the blockchain gaming platform Animoca Brands, will use the funds to accelerate its product development and hire more staff. Several giants in the finance field led the multi-million...Read More
Venture capital investment usually slows down during bear markets, but several large crypto and Web3 investments have already been made this year. A backdrop of regulatory uncertainty and an outright attack on the sector in the United States doesn’t appear to have deterred investors. On April 18, the DeFi investor highlighted some of the biggest...Read More
Sweat Economy – the team behind the SWEAT token revealed that there’s a brand new Web3 governance proposal aimed at enabling the community decide the faith of a whopping 100 million of its native tokens. The vote is set to take place on April 18th, and it will give the community the authority to determine...Read More
2022 was the year of hype around Web3, but 2023 is shaping up to be the year when the plans are being implemented. Luxury brands are now focusing on more concrete utilization closely connected with the physical product in contrast to digital-only assets existing solely for the metaverse. Everything then boils down to the usage...Read More
