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Citrea's Bitcoin Rollup Aims to Unlock BTC's Full Potential with Zero-Knowledge Proofs, Secures $14M in Funding
Citrea, a pioneering Bitcoin project, has successfully raised $14 million in Series A funding to further its mission of expanding BTC's capabilities through zero-knowledge technology. The investment round was led by Founders Fund, accompanied by notable angel investors Erik Voorhees and Balaji Srinivasan. Citrea's innovative approach involves leveraging the BitVM computing paradigm to enable Ethe…
Oct. 31, 2024, 1 p.m.
Tech
Crypto Industry Trends: Funding, Job Cuts, and Grants
The crypto industry is experiencing a mix of challenges and opportunities, with companies like Consensys and dYdx announcing job cuts due to macroeconomic conditions and regulatory uncertainty. Meanwhile, projects like Optimism and Polymarket are making notable strides, with Optimism's $42.5 million grant to Kraken and Polymarket's success on the Polygon blockchain. However, despite Polymarket's …
Oct. 30, 2024, 7:15 p.m.
Tech
Venn Network Seeks to Tackle DeFi Security Issues with Decentralized Solutions
Can decentralized finance (DeFi) overcome its vulnerability to hacking by implementing additional layers of decentralized technology? An Israeli cybersecurity company, Ironblocks, is launching a new initiative to achieve this goal. The company is introducing Venn, a Web3 security layer, which aims to establish a new economic framework for cryptocurrency security, as stated by its creator and Iron…
Oct. 30, 2024, 4 p.m.
Tech
Nillion Secures $25M in Funding to Advance Confidential Computing on Blockchain
Nillion, a blockchain initiative prioritizing privacy, has successfully raised $25 million in funding, led by Hack VC and supported by angel investors and key contributors from prominent projects like Arbitrum, Worldcoin, and Sei. This novel approach to 'blind computing' allows for the development of a secure ecosystem where applications can interact without compromising sensitive information. Ni…
Oct. 30, 2024, 3:57 p.m.
Tech
Bitcoin Layer 2 Project BOB Partners with Optimism's Superchain to Enhance Ethereum Connectivity
In a groundbreaking move, Optimism's Superchain ecosystem has welcomed its first Bitcoin-native project, as reported exclusively by CoinDesk. BOB, a layer-2 project designed to expand development on the Bitcoin blockchain, has successfully integrated with the Superchain ecosystem, which is built on Optimism's OP Stack framework. As part of this collaboration, BOB is set to receive a grant from th…
Oct. 30, 2024, 2:07 p.m.
Tech
Starknet Breaks Transaction Speed Record Among Ethereum Layer-2 Networks
In a significant milestone for Ethereum layer-2 networks, Starknet, a zero-knowledge rollup, has announced that it has broken the record for transactions per second. According to the team, Starknet reached a maximum of 127.5 transactions per second over the past 24 hours, outpacing the previous record held by Coinbase's layer-2 network, Base. This achievement was made possible during a gaming str…
Oct. 30, 2024, 1:38 p.m.
Tech
Chainlink Introduces the Chainlink Runtime Environment, Aiming to Enhance Blockchain Workflows
HONG KONG - Chainlink has launched the Chainlink Runtime Environment (CRE), a platform designed to enable developers to build custom applications across multiple blockchain networks. Unveiled during Chainlink's Smartcon, an event held in conjunction with Hong Kong Fintech Week, CRE is intended to simplify the process of creating decentralized applications. According to Chainlink co-founder Sergey…
Oct. 30, 2024, 1:36 p.m.
Tech
Kraken Chooses Optimism's 'Superchain' After Receiving Significant OP Token Grant
US-based cryptocurrency exchange Kraken recently announced the launch of a layer-2 network called Ink, built on Optimism's OP Stack framework, joining the rapidly expanding 'Superchain' that includes layer-2 networks from major players such as Coinbase and Sony. However, it has been disclosed that this partnership came with a substantial grant of 25 million OP tokens from the Optimism Foundation,…
Oct. 29, 2024, 1:45 p.m.
Tech
Stacks Unveils 'Nakamoto' Upgrade for Enhanced Bitcoin Layer-2 Performance
The Stacks project, a prominent Bitcoin layer-2 blockchain initiative, has officially activated its highly anticipated Nakamoto upgrade, aimed at significantly improving transaction efficiency. According to the project's announcement, confirmed transactions on Stacks are now as irreversible as those on the Bitcoin network, with a notable decrease in processing times. This upgrade also lays the gr…
Oct. 29, 2024, 1:17 p.m.
Tech
Chainlink Ventures Into Bitcoin Territory, Supporting the Pioneer Blockchain's Layer-2 Evolution
Chainlink, a leading provider of real-world data, has made its inaugural foray into the world's first blockchain through a strategic integration with Spiderchain, a layer-2 network built on Bitcoin. This move marks a significant milestone as Botanix Labs, the developer behind Spiderchain, joins the Chainlink Scale program, thereby gaining access to Chainlink's comprehensive oracle services. The i…
Oct. 24, 2024, 2:21 p.m.