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Hypernative Secures $16 Million in Series A Funding to Enhance Web3 Security
3.9.2024
Hypernative has successfully secured $16 million in a Series A funding round spearheaded by Quantstamp, with other notable investors joining the fray. This new capital will be channeled into enhancing its artificial intelligence (AI)-driven security solutions tailored for the Web3 ecosystem....
SBI VC Trade and Metaplanet Team Up for Advanced Bitcoin Trading Solutions
3.9.2024
Metaplanet and SBI VC Trade have formed a strategic partnership to enhance bitcoin trading, storage, and management. This alliance aligns with Metaplanet’s “bitcoin first, bitcoin only” strategy, emphasizing BTC’s scarcity and decentralized nature. The partnership...
Crypto whales like Humpy are gaming DAO votes — but there are solutions
2.9.2024
Despite promises of decentralization, DAOs remain at the mercy of large tokenholders whose inactivity can be just as dangerous as their involvement
Rollups Are ‘Copies of the EVM,’ Not True Scaling Solutions, Says Developer
1.9.2024
According to Adrian Brink, co-founder of Anoma and Namada, rollups offer little new functionality beyond the Ethereum Virtual Machine (EVM). He argues they are essentially execution-sharding solutions presented as true scaling solutions. Brink instead touts Plasma as the “only true scaling...
Ethereum’s Gas Fees Remain Low While Network Turns Inflationary
31.8.2024
According to recent metrics, Ethereum’s onchain fees continue to stay impressively low, with the average transaction cost this weekend at just 0.00029 ETH or $0.743. Etherscan reports that even high-priority fees are under 1 gwei, sitting around 0.972 gwei as of press time. Additionally...
Solutions without problems: How many Ethereum layer 2s are too many?
30.8.2024
Layer 2s are a short-term success story, but the long-term picture appears less rosy
Russian Central Bank Taps Ripple for Global Payment Solutions
29.8.2024
Ripple, which is known globally for having an extensive network of over 1,700 global partnerships, is a dominant…
DeFi network Radix team cuts 15% of staff, citing need to ‘refocus’
29.8.2024
Piers Ridyard, the CEO of RDX Works said the cuts are part of a “more comprehensive set of changes that need to be made.”
Sony debuts Soneium Minato testnet, Web3 developer incubator
28.8.2024
Developers on the new blockchain will have a chance to receive investment and other forms of support from a wide range of Web3 firms
Sony Block Solutions Labs Introduces Soneium, an Ethereum L2 Project
25.8.2024
Sony Block Solutions Labs, an initiative by Sony Group, recently introduced Soneium, an Ethereum layer two (L2) blockchain. Designed to seamlessly connect Web3 and Web2, Soneium promises enhanced scalability, efficiency, and a developer-friendly environment. The project’s goal is to make...
Tim Draper Leads $2.5 Million Funding Round for Ark Labs to Advance Bitcoin Payment Solutions
23.8.2024
Ark Labs has secured $2.5 million in pre-seed funding led by Tim Draper, aimed at advancing the Ark protocol for simplifying bitcoin payments. This funding will help Ark Labs enhance their user-friendly, non-custodial payment system, making bitcoin more accessible for global commerce. Ark Labs...
BitVM Version 2 Introduces New Era for Bitcoin L2 Scaling Solutions
18.8.2024
On Aug. 15, 2024, the white paper for BitVM2 was published, outlining significant advancements in Bitcoin’s layer two (L2) capabilities. Building on the foundation laid by BitVM version 1, BitVM2 aims to bridge Bitcoin to second layers with improved scalability and security. New BitVM2 White...
Wazirx: Crypto and INR Balance Solutions Top Priority, Urges Users Not to Panic
16.8.2024
Indian crypto exchange Wazirx has informed users that it is focusing on resolving issues related to INR and crypto balances. The exchange emphasized that both solutions require ongoing legal analysis and urged users not to panic. Wazirx acknowledged users’ frustration but cautioned that...
Chaos Labs Secures $55M Series A Funding to Bolster Defi Risk Management Solutions
16.8.2024
Chaos Labs has raised $55 million in a Series A funding round, led by Haun Ventures, to advance its onchain risk management platform for decentralized finance (defi). The company plans to use the funds to further enhance its technology, which automates real-time protocol parameter recommendations...
BitGo CEO argues WBTC security is unchanged amid concerns
12.8.2024
BitGo recently announced a new venture to diversify its Wrapped Bitcoin custodial locations, and Justin Sun’s involvement has caused concern for some
Tether Partners With Crypto Firm to Boost Blockchain Education in South Africa
11.8.2024
Stablecoin issuer Tether Holdings Ltd. recently announced a partnership with a crypto payments provider to advance blockchain education in South Africa. The collaboration aims to both demonstrate the benefits of stablecoin payments and build trust in digital financial solutions. Building Trust...
New platform tracks Bitcoin rollup performance in real time
9.8.2024
Bitcoin Heartbeat by BVM offers a unique, real-time glimpse into Bitcoin’s L2 and L3 rollup projects, enhancing transparency and verifiability
Canza Finance Partners With Stablecoin Issuer to Bring Efficient Financial Solutions to Africa
4.8.2024
Canza Finance has partnered with stablecoin issuer WSPN to provide secure and efficient financial solutions to users in Africa and other emerging markets. With the integration of WUSD into Canza Finance’s ecosystem, African users will be able to smoothly convert fiat currencies to the WUSD...
Bank of England Pushes for Swift Digital Payment Solutions as Cash Usage Drops
31.7.2024
The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and debit cards, to save time and costs for consumers...
Web3 experts cite innovation and PR as key challenges for NFT adoption
19.7.2024
Web3 professionals discuss the barriers to broader NFT adoption, including the need for new narratives, improving reputation and simplifying user experiences