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zkSync Protocol Upgrade V24 to benefit builders and users
10.5.2024
zkSync Era is undergoing an upgrade and has some great news for users and builders. Following its most recent upgrade (VM version 1.4.2, Protocol version 22), which introduced EIP-4844 support and significantly decreased our fees by a factor of 10, now is the opportune moment to introduce some...
Arch Labs $7 Million to Develop Bitcoin-Native Application Platform
10.5.2024
Arch Labs raises $7 million in a seed funding round led by Multicoin Capital, aiming to enhance the functionality of the Bitcoin blockchain through native applications.
The post Arch Labs $7 Million to Develop Bitcoin-Native Application Platform appeared first on Cryptonews
Exiled Russian Opposition Leader Launches Blockchain-Based Referendum on Vladimir Putin’s Election Win
10.5.2024
Exiled opposition leader Mark Fegyin is leading an effort to give Russians an anonymous, blockchain-powered way to register a "protest vote" against Russia's election results which have handed Vladimir Putin a fifth term as Russian president
BlockFi Shuts Web Platform, Partners with Coinbase for Crypto Withdrawals
10.5.2024
Embattled crypto lender BlockFi announced Thursday that it plans to close its web platform this month, and is partnering with Coinbase to distribute funds to clients.
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Canaan Launches Upgraded Version of Its Avalon A15 Series Bitcoin Miner
10.5.2024
Canaan Inc. has launched the Avalon A15 series, with the new product being the A1566 model. This upgraded bitcoin mining machine incorporates Canaan’s most advanced technology. The A1566 model sets a new performance benchmark with an industry-leading energy efficiency ratio of 18.5 joules...
Agridex Raises $5 Million to Expand Agricultural Tokenization on Solana
10.5.2024
In a recent funding initiative, the Solana-based Agridex project secured $5 million in a pre-seed round aimed at enhancing the tokenization of agricultural commodities. The funding, led by Endeavour Ventures, included contributions from African Crops Limited and Oldenburg Vineyards. Agridex...
Georgia Protests ‘Are Funded by Overseas Crypto,’ Claims Security Service
10.5.2024
Georgia’s security service has claimed overseas actors are using crypto to fund a spate of protests that have divided the country.
The post Georgia Protests ‘Are Funded by Overseas Crypto,’ Claims Security Service appeared first on Cryptonews
Taiwan Proposes AML Amendments, Seeks Jail Terms and Fines for Non-Compliant Crypto Service Providers
10.5.2024
In response to fraud and money laundering risks in the virtual asset landscape, Taiwan’s Ministry of Justice has proposed several amendments to the city’s existing AML laws, suggesting hefty fines and prison terms for non-compliant service providers.
The post Taiwan Proposes AML Amendments, Seeks...
Ghana Merges Tradition and Technology with NFT Stamp Collection
10.5.2024
Ghana Post has released a limited edition series of crypto stamps to mark the Silver Jubilee of His Majesty Otumfuo Osei Tutu II. Each stamp is connected to a unique NFT, offering collectors verifiable ownership on the blockchain.
The post Ghana Merges Tradition and Technology with NFT Stamp...
Coinbase sees infinite interoperability potential with Ethereum and USDC
9.5.2024
Coinbase head of tokenization Anthony Bassili described plans for its Base network at TokenizeThis 2024 in Miami
Binance Slapped With $4.3 Million Fine By Canada’s FINTRAC
9.5.2024
Crypto exchange Binance is facing a $4.3 million USD fine by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating terrorist financing and money laundering laws, the Canadian regulator announced Thursday. News of the fine comes just over a week after former...
Ripple and XRPL Labs Join Alliance to Develop Blockchain Recovery Standards
9.5.2024
Ripple and XRPL Labs have become founding members of the Derec Alliance, which aims to create an interoperable recovery standard for digital assets. This initiative is expected to simplify the recovery process and encourage widespread adoption by making digital asset management more user-friendly...
Ripple joins multi-chain DeRec Alliance for secrets management
9.5.2024
Ripple joins the Hedera and Algorand Foundations and industry players to advance a recovery standard to rival ERC-4337
SEC Stifling Innovation by Hindering Ethereum’s Potential in Banking: Joseph Lubin
9.5.2024
Joseph Lubin, co-founder of Ethereum, has launched scathing criticisms against the SEC, accusing the body of deliberately impeding innovation and obstructing Ethereum's transformative potential in the banking landscape.
The post SEC Stifling Innovation by Hindering Ethereum’s Potential...
Robinhood Met With SEC 16 Times Before Wells Notice, CEO Vlad Tenev Says
9.5.2024
Robinhood and its CEO Vlad Tenev met with the United States Securities and Exchange Commission (SEC) 16 times before the commission sent the crypto company a Wells Notice, the CEO revealed in a Wednesday interview with CNBC. News of the meetings come as the crypto company's quarter 1 earning...
Binance Denies Allegation Of Market Manipulation From DWF Labs
9.5.2024
Binance is retaliating against the May 9 accusation made against the platform by DWF Labs. This comes after a sensational Wall Street Journal (WSJ) report that stated Binance fired a worker who discovered proof of market manipulation by DWF Labs, a significant market on the trading platform.
The...
Math Olympian in Shadow of John Nash Tries to Solve Blockchain, AI Trust Dilemma
9.5.2024
Hyperbolic, the two-year-old startup focused on decentralized AI computing, said that it is introducing a protocol called “Proof of Sampling (PoSP),” aimed at addressing challenges with trust in decentralized AI networks
AI Solutions Seek To Advance Real World Asset Tokenization
9.5.2024
Real-world asset tokenization is gaining traction, but industry experts believe that AI will help use cases advance.
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AI Crypto Coins Rally Begins Ahead of NVIDIA’s May 22 Earnings, This Lesser-Known Coin Poised for Biggest Surge
9.5.2024
Many crypto tokens attached to top AI/blockchain projects are rallying hard ahead of Nvidia’s earnings report on May 22. Nvidia is the premier AI play in the stock market. The stock has an eye-watering market capitalization of $2.2 trillion and some of the highest returns of any asset....
Web3 Games in Focus: Nyan Heroes’ Epic Games Return, Shrapnel’s Card Integration, and The Sandbox’s Coach Battle
9.5.2024
Web3 gaming is having an excellent week, with The Sandbox, Nyan Heroes, and Shrapnel making major moves.
The post Web3 Games in Focus: Nyan Heroes’ Epic Games Return, Shrapnel’s Card Integration, and The Sandbox’s Coach Battle appeared first on Cryptonews