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Cosmos-Based Osmosis DEX Launches Bitcoin Bridge, Expanding Crypto Ecosystem
The Osmosis decentralized exchange, built on the Cosmos blockchain, has established a bridge to the Bitcoin network. This development is part of the platform's strategic shift towards the world's most valuable cryptocurrency. Following a DAO-governed vote in June, the integration with Nomic's Bitcoin bridge became operational. The Nomic bridge enables users to deposit their Bitcoin in exchange fo…
Dec. 3, 2024, 2:07 p.m.
Tech
Minima Collaborates with ARM to Create Microchips with Integrated Blockchain Technology
Minima, a blockchain platform designed for the internet of things, has partnered with ARM to develop a microchip that incorporates a decentralized ledger. This collaboration enables Minima to access ARM's extensive intellectual property portfolio and chip design system, facilitating the creation of a secure node for verifying data, generating tokens, and facilitating peer-to-peer communication. T…
Dec. 3, 2024, 2 p.m.
Tech
Union Labs Secures $12M in Series A Funding to Advance Blockchain Interoperability
Union Labs, a pioneering project dedicated to facilitating seamless communication between blockchains, has successfully raised $12 million in its Series A funding round, led by prominent investors Gumi Cryptos Capital and Longhash Ventures. The newly acquired funds will be allocated towards augmenting Union's core team, driving partner integrations forward, and fostering ecosystem growth. This …
Dec. 3, 2024, 12:29 a.m.
Tech
Coinbase Integrates Apple Pay for Simplified Crypto Purchases on Third-Party Apps
Coinbase has enhanced its Onramp platform by incorporating Apple Pay, allowing users of third-party applications, including self-custody wallets, to facilitate crypto purchases using the popular payment service native to iPhones. Purchasing cryptocurrency with fiat currency can be a cumbersome process, often involving lengthy exchanges and Know Your Customer (KYC) checks. The Apple Pay integratio…
Dec. 2, 2024, 5 p.m.
Tech
Decentralization on Display: Memecoins Thrive on Coinbase's Base Blockchain
The launch of Coinbase's Base blockchain in August 2023 was marked by the unexpected rise of memecoins, including BALD, a lighthearted reference to CEO Brian Armstrong's bald head. However, the protocol's creator, Jesse Pollak, views this development as a testament to the platform's decentralized nature. In an interview, Pollak recalled the surprise launch of BALD, which occurred before the publi…
Nov. 28, 2024, 5:54 a.m.
Tech
Starknet Launches Crypto Staking, Pioneering Decentralization on Top Ethereum L2 Blockchains
In a groundbreaking move, Starknet has become the first prominent layer-2 blockchain on Ethereum to introduce a staking feature, allowing users to earn rewards by validating transactions and staking their tokens. This development aims to further decentralize the network and has been in the works for some time, with StarkWare, the primary developer, formally proposing the change in July. Users wit…
Nov. 25, 2024, 7:31 p.m.
Tech
Avalanche Blockchain Initiates Largest Upgrade on Test Network
Avalanche, the eighth-largest blockchain by total value locked, has embarked on a significant technical overhaul. The Avalanche9000 upgrade has gone live on the test network, marking a crucial step towards its implementation on the main network. This upgrade is designed to decrease the costs associated with sending transactions, operating validators, and developing applications on the network. Th…
Nov. 25, 2024, 5:58 p.m.
Tech
Cryptocurrency Platform Witnesses Surge in Explicit Content as Users Resort to Shocking Tactics
The early 2000s trend of internet shock videos has resurfaced in the crypto world, with some memecoin creators on the Solana-based platform Pump.fun sharing extreme and disturbing content to inflate their tokens' market capitalization. This content includes dark humor, graphic behavior, and explicit material. Although the platform introduced live streaming recently, it has been suspended indefini…
Nov. 25, 2024, 9:44 a.m.
Tech
Ethereum Layer-2 Developers Endorse Proposal to Enhance Blockchain
The recent proposal to overhaul Ethereum's $400 billion blockchain has been welcomed by the teams behind leading layer-2 networks, zkSync and Polygon, who believe it will enhance their auxiliary networks rather than making them redundant. The proposal, known as the Beam Chain, aims to incorporate zero-knowledge cryptography into Ethereum's protocol, which is expected to improve transaction speed …
Nov. 21, 2024, 7:44 p.m.
Tech
The Protocol: Exploring ENS on Bitcoin and the Rise of Worldcoin Alternatives
Welcome to The Protocol, your weekly update on the most significant stories in cryptocurrency tech development. As CoinDesk's deputy editor-in-chief for features, opinion, and standards, I'm Marc Hochstein. This article is part of our weekly newsletter that delves into the tech behind crypto. To receive it in your inbox every Wednesday, sign up here. You can also tune in to our weekly The Protoco…
Nov. 20, 2024, 6:26 p.m.