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Blockchain Innovations: Latest Developments and Funding Announcements
Several blockchain startups have announced new launches and funding rounds, showcasing the rapid growth and innovation in the sector. Cubist, led by Carnegie Mellon professor Riad Wahby, has launched Bascule, a bridge-security system designed to prevent staking hacks. Other notable developments include the launch of Hyperweb by Cosmology, a TypeScript blockchain ecosystem, and the introduction of…
Oct. 23, 2024, 9:39 p.m.
Tech
SCR Token Launches with $212 Million Market Capitalization Amid Market Fluctuations
The highly anticipated native governance token of layer-2 network Scroll was launched on Tuesday, resulting in an initial project valuation exceeding $200 million. The token, SCR, was priced at approximately $1.10, yielding a market capitalization of $212 million based on a circulating supply of 190 million. SCR is intended to serve as a native governance token, with plans to transition into a pr…
Oct. 22, 2024, 1:29 p.m.
Tech
Buenos Aires Enhances City App with Zero-Knowledge Proofs to Bolster Resident Privacy
The city of Buenos Aires has unveiled a digital identity service, QuarkID, which utilizes zero-knowledge proofs to fortify residents' privacy. This service has been integrated into the city's miBA app, a seven-year-old platform that provides access to municipal services and documents. The primary objective is to empower the 3.6 million residents of Buenos Aires with greater control over their per…
Oct. 22, 2024, 1 p.m.
Tech
ANZ Set to Launch Chainlink's Private Transactions Protocol for Enhanced RWA Capabilities
On Tuesday, Chainlink introduced its CCIP Private Transactions protocol, a groundbreaking privacy-focused solution. This innovative tool enables financial institutions to maintain the highest levels of confidentiality and regulatory adherence when conducting transactions across disparate blockchain ecosystems. The Australia and New Zealand Banking Group (ANZ) is poised to be among the pioneering…
Oct. 22, 2024, 11:28 a.m.
Tech
Elvis Presley's Digital Art Collection to Debut on the Bitcoin Network
The King of Rock and Roll, Elvis Presley, is set to make his mark on the Bitcoin network with a one-of-a-kind digital art collection. The 'Elvis Side $Btc' collection, comprising 1,935 generative images inspired by the work of licensed Elvis artist Joe Petruccio, will be minted by Royalty, a Bitcoin-focused intellectual property project, in collaboration with OrdinalsBot, a leading inscription se…
Oct. 17, 2024, 3:09 p.m.
Tech
Ethereum Aims for 100,000 Transactions Per Second with Rollup Technology
According to Vitalik Buterin, co-founder of Ethereum, the network is poised to reach 100,000 transactions per second. This ambitious goal is outlined in a recent blog post detailing 'The Surge', the next phase of Ethereum's Denecun upgrade. Buterin's strategy, known as the rollup-centric roadmap, combines Layer 2 scaling solutions with advanced data availability sampling and compression technique…
Oct. 17, 2024, 9:46 a.m.
Tech
Physical Gold Now Tradable on Bitcoin Blockchain via Ordinals Protocol
In a groundbreaking development, Bitcoin - often dubbed 'digital gold' - is set to integrate the trading of physical gold on its blockchain, courtesy of the Ordinals protocol. This innovation allows for the encoding of physical gold ownership into non-fungible tokens (NFTs) on the Bitcoin network. Swarm Markets, a real-world assets platform licensed by the German financial regulator BaFin, has pa…
Oct. 17, 2024, 6:30 a.m.
Tech
Blockchain Innovations: Latest Funding Announcements and Tech Advancements
The blockchain ecosystem has seen significant activity, with multiple projects securing funding, launching new products, and forming strategic partnerships. Mento Labs, the team behind Mento, a decentralized EVM platform for stable assets on Celo, announced a $10M raise. Neon EVM, an Ethereum environment on Solana, adopted 'Network Extensions' as a new product category. P2P.org launched a revenue…
Oct. 16, 2024, 10:33 p.m.
Tech
Radiant Capital Suffers $50 Million Loss in Second Blockchain Security Breach This Year
A recent cyberattack has resulted in a significant loss of over $50 million for the blockchain lending protocol Radiant Capital, according to experts in the field of security and data from the blockchain. The attack occurred when an attacker took control of Radiant Capital's contracts on the blockchain by obtaining three of the private keys that govern the protocol's operations. Security experts …
Oct. 16, 2024, 8:34 p.m.
Tech
Uniswap Unveils Unichain, a Layer-2 Network Built on Optimism Technology for Enhanced Transaction Speed and Liquidity
The primary developer of Uniswap, the leading decentralized cryptocurrency exchange, is set to launch a new blockchain as a layer-2 network on Ethereum, aiming to enhance transaction speed and reduce costs while improving liquidity. Unichain, the newly announced network, is scheduled to go live on a private test network. The project is being technically developed by Uniswap Labs, utilizing techno…
Oct. 10, 2024, 1 p.m.