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Philippines Plans CBDC Launch by 2029 Under Project Agila
25.7.2024
The Philippines has also set its sights on releasing its own central bank digital currency (CBDC) by 2029 to create a wholesale form of currency. Project Agila, the initiative of the country’s central bank, is steadily approaching the Proof of Concept stage. This initiative will investigate...
Avail Unveils Mainnet & Native Token: What You Need to Know
23.7.2024
Avail, a blockchain initiative from 2023, has unveiled its data availability mainnet alongside its native AVAIL token, which aims to solve rollup fragmentation and enhance scalability. Avail DA presents a modular blockchain architecture designed to optimize data accessibility. It helps developers...
Coinbase publishes a report on corporate blockchain adoption
16.7.2024
Coinbase has published a report on the adoption of blockchain by Fortune 100 and Fortune 500 companies. The report essentially highlights that the majority of surveyed companies are either exploring the concept of crypto and blockchain or are in the final stages. Blockchain is considered...
Gemini’s Tyler Slams SEC & Gensler; Calls Them Corrupt
12.7.2024
The U.S. Securities and Exchange Commission (SEC) has closed its three-year investigation into the Stacks blockchain and Hiro Systems without taking any action. This decision has prompted mixed reactions from industry leaders, including one of the Winklevoss brothers. Crypto industry responds...
Worldcoin Unveils World Chain For Blockchain Developers
9.7.2024
The Worldcoin Foundation has taken a major step forward by launching a developer preview for its new Layer 2 blockchain network, World Chain. This move marks a crucial phase in Worldcoin’s development. The developer preview is currently available to a limited number of developers. The preview...
Flare Network connects 75 Blockchains via LayerZero
5.7.2024
Flare, a Blockchain that is data-driven, has formed a partnership with LayerZero, a system that facilitates cross-chain communications, to distribute decentralized data across 75 Blockchains. This encompasses Ethereum and Solana. This will enable users to employ the accessible data on 50,000 dApps...
Open Campus secures Arbitrum Foundation EDU Chain funding
4.7.2024
Open Campus has been awarded a grant from the Arbitrum Foundation to establish EDU Chain, the first blockchain for education. The Arbitrum Orbit Stack serves as the foundation for the L3 rollup of EDU Chain, a blockchain network exclusively for education. Many business partners, including Animoca...
Coinbase’s base blockchain sees record-breaking TVL surge
4.7.2024
Coinbase’s layer 2 blockchain, Base, has witnessed a record-breaking hike in terms of total value locked (TVL) by investors in anticipation of its smart wallet. For the past three months, Base has been experiencing exceptional growth, leaving its competition, Arbitrum and Optimism, way behind....
Ethereum Dominates Blockchain Fee Revenue, Bitcoin & Tron Follow
3.7.2024
In the latest analysis by blockchain data provider Lookonchain, Ethereum has emerged as the clear leader in blockchain fee revenue. The analysis shared in a recent tweet ranks the top 10 chains by 1-year fee revenue. Here are the top 10 chains by 1-year fee revenue.#Ethereum earns a fee of $2.728B...
Ava Labs simplifies L1 token transfers with Avalanche ICTT
3.7.2024
Ava Labs introduces Avalanche ICTT, or Avalanche interchain token transfer, an efficient and harnessed service for builders to set up contracts for token transfers on Avalanche. This advancement simplifies the conventional complications and high-cost procedures associated with developing...
Polkadot Ecosystem Funding Crisis Sparks Controversy
2.7.2024
The Polkadot ecosystem is facing a set of unique challenges in the Web3 ecosystem. To start, it is facing a funding crisis. A recent report released by the Polkadot Treasury for the first half of 2024 has raised concerns over another collapse like FTX. One use on X Web3 Philosopher by the...
Polkadot Ecosystem’s Expenditure Causes Controversy
2.7.2024
The Polkadot ecosystem is facing a set of unique challenges in the Web3 ecosystem. To start, it is facing a backlash from the community for its spending. A recent report released by the Polkadot Treasury for the first half of 2024 has raised concerns over another collapse like FTX. Polkadot faces...
Aptos Foundation Proposes Aave V3 Rollout on Aptos Blockchain
1.7.2024
The Aptos Foundation has recently introduced a proposal to deploy Aave V3 on the Aptos blockchain. This move is part of Aave’s open governance process and could mark a major milestone for both platforms. Aave Labs has already taken concrete steps towards this goal. They’ve developed...
GMX formally introduces Chainlink data streams on Avalanche
28.6.2024
GMX has been the initiator for introducing Chainlink data streams on Avalanche, utilizing data streams to boost its decentralized perpetual exchange. Chainlink data streams help pitch advanced high-output DeFi markets on Avalanche. The other players in this include Chainlink and Avalanche. ...
NodeKit Partners with Polygon for enhanced Blockchain interoperability
27.6.2024
An exclusive association has been formed between NodeKit and Polygon, which will improve the flexibility factor throughout multiple Blockchain networks. This will result in an uninterrupted and incorporated Web3 scenario. Here, the name of the game is interoperability. NodeKit plays an integral...
Enjin and the Crypto Rabbit Hole partner for TCG innovation
26.6.2024
In order to revolutionize the trillion-dollar trading card game (TCG) market, Blockchain gaming trailblazer Enjin has teamed up with Crypto Rabbit Hole (CxRH), a unique game that combines real and digital trading card aspects. Crypto Rabbit Hole (CxRH) merges thrills with crypto know-how, easing...
Tether prioritizes community-driven blockchain support
25.6.2024
Tether will cease to support the implementations of EOS and Algorand and instead focus on supporting community-oriented protocols and chains. Furthermore, they will concentrate on the development of use cases for USDT on each protocol in collaboration with community members. Tether has always...
BitTorrent officially releases BTFS V3.0 (Heisenberg) mainnet
20.6.2024
BitTorrent has announced the official release of BTFS V3.0 Heisenberg on the mainnet. The new update brings multiple intuitive features to elevate user experience, operational efficiency, and network security. The mainnet release was made on the official X account of BitTorrent. The tweet, along...
Azuro launches grants scheme for on-chain prediction apps on Polygon PoS
19.6.2024
Azuro will be coming out with an exclusive grants scheme for funding the development of applications with the utilization of Azuro on Polygon PoS. This will include the furthering of on-chain prediction applications targeting sports, as well as entertainment-related projects. Added to that,...
Ronin announces launching zkEVM through Polygon CDK
19.6.2024
By the first quarter of 2025, builders could have the ability to architect their gaming blockchain. This stems from Ronin’s announcement, in which it stated its commitment to launching zero-knowledge EVM on the network. This will enable builders to construct their chains on top of...