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Web3 in Africa: Regulatory Challenges Impede Potential Transformation
15.1.2024
As Africa‘s Web3 landscape gains momentum, it faces significant regulatory hurdles that threaten to stifle its transformative potential. Jathin Jagannath, a developer advocate for Cartesi, a Web3 rollup protocol, has pinpointed regulatory uncertainties as a major obstacle in Africa’s...
LBank Announces Fourth Launchpad, Featuring EchoLink
15.1.2024
PRESS RELEASE. LBank, a leader of global crypto exchange, announced the launch of its fourth Launchpad on January 26, 2024, featuring the project EchoLink. This announcement has garnered widespread market attention, following the significant success of LBank’s previous Launchpad projects...
Distributed Validator Technology More Primed to Overcome the Ethereum Validator Overload Challenge – Alon Muroch
14.1.2024
While the Ethereum network’s migration to a proof of stake (PoS) consensus mechanism has seen the protocol become less energy-intensive, Alon Muroch, the founder of the SSV Network core team, said if the number of validators is not contained this can lead to a network overload. The Promise...
Near Foundation Cuts Staff by 40%, CEO Says Organization Is in Good Financial Health
13.1.2024
The NEAR Foundation recently said it has let go of 35 workers as part of a realignment exercise that sees it “focus on a narrower and higher-impact set of activities.” The foundation’s CEO insisted that the job cuts did not in any way indicate that his organization was facing...
Is Internet Computer Crashing? ICP Price Drops 8% as This Bitcoin Mining Protocol Takes All the Attention
12.1.2024
Leading decentralized data protocol Internet Computer has witnessed a sudden -8% drop in ICP price, and with panicked holders asking ‘Is Internet Computer Crashing?’ explore this ICP price analysis to find out. This comes amid excitement in the crypto community for Bitfinity layer-2...
Near Foundation To Reduce Workforce By 40%
11.1.2024
Source: Pixabay Non-profit organization Near Foundation has announced that it will reduce its workforce by approximately 40%. In a statement published on Thursday, the Near Foundation said it would cut around 35 employees after completing a recent review. The cuts are set to primarily affect...
Is Injective Going Down? INJ Price Drops 4% as New Mining Coin Secures $8.1 Million
11.1.2024
Injective Protocol holders are in panic as INJ price drops -4%, explore this INJ price analysis to discover whether Injective is going down. The INJ price tumble comes as markets brace for an anticipated token unlock, which will see the final tranche of 3.66m tokens (valued at $132m). ???? Final...
Protocol Village: Mobile Gaming Studio AOFverse Gets Grant from Arbitrum Foundation
11.1.2024
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Jan. 11-17
The Protocol: Beneath Bitcoin ETF Chaos, A Blockchain Drama
10.1.2024
In this week's issue, we dive into the proposal that would have curtailed Ordinals inscriptions "NFTs on Bitcoin" traffic – were it not abruptly ended over the past week by a maintainer for the popular Bitcoin Core software
Is Ordi Going to Zero? ORDI Price Plummets 10% as New Bitcoin Protocol Hits $8 Million
10.1.2024
First ever BRC-20 ordinal token Ordi (ORDI) has undertaken a sudden -10% ORDI price drop, leaving some panicked holders asking ‘Is Ordi going to zero?’. Dig into this piece and find out in this ORDI price analysis. This comes as markets teeter with anticipation for news of a highly...
Bitcoin Developer's Proposal to Stop 'Spam' NFTs Gets Shut Down
9.1.2024
Luke Dashjr's technical proposal sounded innocuous enough: to make the popular Bitcoin Core software "effective with newer datacarrying styles." In reality, the effort represented a sophisticated but controversial plan to block the suddenly popular "inscriptions" known as "NFTs on Bitcoin."
Elastos Introduces Elacity DRM, Web3’s First Digital Rights Management Tool
9.1.2024
Source: Elastos Elastos has announced the launch of Elacity DRM, a new digital rights management (DRM) tool designed specifically for Web3, focusing on video content creators. Elacity DRM introduces an Access Economy Protocol (AEP) that combines non-fungible token (NFT) technology with...
Is Near Protocol Going to Zero? NEAR Price Drops 13% as Novel Mining Protocol Secures $7.8 Million
8.1.2024
NEAR Protocol has undertaken a sudden -13% NEAR price drop, and with panicked holders asking ‘is Near Protocol Going to zero?’ could this novel mining protocol be a better play following a whopping $7.8m raise? Find out in NEAR Price Analysis. The significant drop appears to have been...
Solana’s MangoFarmSOL Faces Exit Scam Accusations After Social Media Shutdown
8.1.2024
Source: Adobe/momius Solana’s MangoFarmSOL, a farming protocol on the Solana ecosystem, is speculated to be an exit scam after abruptly deactivating its social media accounts and reports of missing funds. The protocol, which claimed to offer exceptional yield opportunities in the $SOL space...
Gamma Heist — Over $3M in Digital Assets Drained, 1,000 ETH Moved to Tornado Cash
6.1.2024
On Jan. 4, the decentralized finance protocol Gamma Strategies was a victim of a hacking attack which saw criminals make off with digital assets worth over $3 million. To pre-empt further attacks, Gamma Strategies said it has shut off all deposits on any of its “public-facing vaults.”...
Weekly Crypto Highlights: NEAR Protocol Jumps 80% in a Month, Galaxy Fox Eyes 15% Increase
6.1.2024
Market optimism reaches all-time highs, and consensus amongst analysts is that 2024 will be a generational bull market. Risk assets on the long tail of the spectrum, such as cryptos, will be the largest gainers. Wise investors are making a game plan by putting together a list of the top 10 cryptos...
U.S. SEC Seeks to Leverage Terraform Win in Coinbase, Binance Disputes
5.1.2024
The U.S. Securities and Exchange Commission (SEC) has been blowing a horn in its various legal clashes with crypto exchanges, asking courts to see how its recent win in the Terraform Labs dispute should convince other judges that the regulator is right about platforms like Coinbase and Binance...
Is Mina Protocol Going to Zero? MINA Price Falls 5% as New Mining Project Hits $7.5 Million
5.1.2024
Leading zero-knowledge blockchain Mina Protocol has seen MINA price drop into retracement following tough local high resistance, leading some panicked bag-holders asking is Mina Protocol going to zero? This comes as the fourth day of decline, following a sensational week-long pump, which saw MINA...
Chilliz and Rarible Protocol enable next-gen NFT marketplaces
5.1.2024
Chiliz, a leading provider of blockchain technology for the sports and entertainment industries, has integrated Rarible Protocol into the Chiliz Chain in an effort to usher in a new era for NFT marketplaces and digital collectibles. The Rarible Protocol will be made available to developers...
Gamma Strategies Identifies Root Cause of Exploit Attack, Attempts Negotiation for Fund Return
4.1.2024
Source: iStock / JuSun The protocol managing liquidity on the Ethereum blockchain, Gamma Strategies, has initiated a bounty negotiation with the attacker responsible for stealing $3.4 million worth of digital assets. The attack was discovered by blockchain defense company PeckShield on January...