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WEN airdrop by Jupiter introduces a new Solana NFT Standard
31.1.2024
Jupiter’s airdrop is around the corner, scheduled to happen on January 31, 2024. Expectations are pretty high, considering DEX has a steady reputation on Solana and other platforms in the DeFi sphere. The community has been waiting for it for more than a month, and with Airdrop finally making...
Anza by engineers from Solana Labs goes live
31.1.2024
Jeff Washington has introduced Anza, a new software development firm. It will work to strengthen the Solana network and fuel the adoption of SVM, an acronym for Solana Virtual Machine. What makes Anza a reliable option is the fact that it has been architected with efforts from some of the...
Abracadabra Money in Crisis as $6.5 Million Crypto Theft Sends Shockwaves Across DeFi Community
30.1.2024
Source: iStock / Xijian Popular Ethereum-based decentralized finance (DeFi) lending protocol Abracadabra Money fell victim to a platform attack on January 30. Announcing the incident on its official X (formerly Twitter) handle, the DeFi protocol stated that it is aware of an exploit on its platform...
Manta token soars to $3.7 billion valuation in just 10 days
30.1.2024
MANTA is one of the tokens to have gained significant value in the last 7 days. Despite the recent fall of 2.565 in the last 24 hours, it has jumped up by 47.98% in the last 7 days. What makes the climb remarkable is the valuation of Manta, which is now booked at $3.7 billion, …
Orbiter Finance unveils L2 network with OKX backing
29.1.2024
Orbiter Finance, a rapidly expanding entity within the cryptocurrency industry, has achieved a noteworthy milestone with the addition of more than three million users to its cross-chain bridge. This groundbreaking endeavor facilitates the exchange of assets among rollup networks. The investment...
Star Trek’s Jonathan Frakes Set to Direct Series for Jeff Garzik’s Web3 Production Studio: Deadline
26.1.2024
Star Trek’s Jonathan Frakes is set to direct a TV adaptation of the sci-fi book series “Deathlands” for crypto developer Jeff Garzik’s Web3 production studio NextCypher, Deadline reports. Commander turned director Known for his role as Commander William Riker in Star Trek...
Crypto Companies Leverage AI Despite Ongoing Challenges
26.1.2024
Recent statistics show that the artificial intelligence (AI) market size is expected to reach over $3 billion this year. Therefore, it shouldn’t come as a surprise that a number of crypto-focused companies have started to incorporate AI into their products. Why companies are combining crypto with...
Komodo CTO Exclusive: Large TradFi Players Will Be Entering Crypto This Year, DeFi Poised to Grow Once Again
26.1.2024
Kadan Stadelmann, CTO of open-source technology provider Komodo Platform, talked to Cryptonews about the current crypto investment sentiment, incoming “major” institutional investments, and the renewed rise of decentralized finance (DeFi). The expert further shared interesting insights...
Polygon Labs and Warner Music Group Accelerate Web3 Evolution in Music
26.1.2024
In collaboration with Warner Music Group (WMG), Polygon Labs has unveiled the two grant recipients for the inaugural Web3 Music Accelerator program. The initiative, announced in June 2023, aims to foster innovation at the intersection of Web3 and the music industry. The Web3 Music Accelerator...
Avalanche Foundation Embraces Meme Coin Culture With $100 Million Fund (edited)
25.1.2024
The Avalanche Foundation has created a $100 million meme coin fund to promote culture and engagement within the Avalanche ecosystem. Image by AdriaVidal, Adobe Stock. On January 23, the nonprofit organization behind the Avalanche blockchain network announced a $100 million fund to support meme...
Ankr updates its RPC service with Kava Network
25.1.2024
The RPC services of Ankr have been integrated into the Kava Network. This will enable developers to construct upgradeable and interoperable dApps on Kava. In addition, users will have the ability to access the Kava ecosystem and prime RPCs, make calls, and receive information returns that...
Polygon Labs and DELV respond to FinCEN’s NPRM on CVC mixing
24.1.2024
Polygon Labs and DELV, formerly called Element Finance, have responded to FinCEN’s proposed rule on CVC Mixing. Polygon released an official document that outlined the entire response. The document showed the concerns of both parties regarding FinCEN’s aim of regulating CVC (Convertible Virtual...
Pontem Announces AI-powered Crypto Chatbot Following $6 Million Seed Funding Round
23.1.2024
Product development studio Pontem is launching an AI-powered chatbot dubbed Pontem.ai capable of operating like a “full-scale AI crypto assistant.” A crypto trader’s best friend According to a press release from Pontem on Tuesday, the chatbot can answer questions on emerging news...
COTI announces Ethereum Ecosystem Growth Fund to drive privacy
19.1.2024
The COTI Foundation has announced an Ecosystem Growth Fund with a hefty contribution of 400 million COTI tokens. The fund, with an estimated value of $25 million, will provide financial assistance to initiatives that promote the development and effectiveness of the COTI ecosystem. COTI has long...
Uniswap Prioritizes Security, Unveils Permit2 to Stop Hackers Draining User Funds
18.1.2024
Uniswap introduced the Permit2 security upgrade to address vulnerabilities allowing hackers infinite token access and withdrawals. Image by vladim_ka, Adobe Stock. Decentralized exchange Uniswap has unveiled a new security tool called Permit2 today to give users more control over their digital...
Lendr Network connects with the Chainlink BUILD program
18.1.2024
Lendr Network has announced plans to integrate with the Chainlink BUILD program to promote their real-world asset (RWA) tokenization protocol and accelerate the development of the ecosystem. This will be possible through the provision of enhanced accessibility to Chainlink’s well-established...
Reddit User Loses $250,000 in ETH to Crypto Airdrop Scam — How Can Investors Stay Safe?
17.1.2024
Fake crypto airdrops are luring unsuspecting investors with promises of free tokens in order to steal funds. Image by Iftikhar Alam, Vecteezy. A Reddit user recently fell victim to an elaborate cryptocurrency phishing scam, losing the equivalent of $250,000 in ether (ETH) after responding to a fake...
Tether partners with rhino.fi to improve cross-chain transactions
17.1.2024
Tether and rhino.fi form a strategic partnership to enhance cross-chain transactions and increase user awareness of USDT in the DeFi domain. This affiliation will enhance USDT connectivity across primary Layer 1 blockchain and Layer 2 rollups. Tether, for its part, is the most prominent...
After a $3.3M attack, SocketDotTech Protocol releases statement
17.1.2024
Socket recently released an official statement addressing its security incident. The protocol experienced a 3.3 million-dollar attack recently. The tweet by Socket stated that the team has identified the issue and has already paused the affected contracts. The protocol also assured users that...
CCIP integrates Circle’s CCTP for cross-chain USDC transfers
17.1.2024
To offer users a safe and dependable method to transfer USDC across chains, Chainlink has announced the integration of two industry standards: the Chainlink Cross-Chain Interoperability Protocol (CCIP) and Circle’s Cross-Chain Transfer Protocol (CCTP). Using Chainlink CCIP, developers can...