Oracles enable value, but they are also susceptible to value manipulation; co-founders of Cosmos-based Seda discuss their benefits and how to prevent pitfalls.
Japanese Web3 developer HashPort Group raises $8.5M in funding round
The funds will be used to aid the firm’s global expansion across tough regulatory landscapes.
99-year-old Hungarian artist’s computer generated NFTs sold for $1.2M
Vera Molnár pioneered the use of computer-generated art in the latter half of the 20th Century.
ERC-20 inventor discusses origins, new blockchains, BRC-20 and more
Fabian Vogelsteller has been working full-time to create his new blockchain since 2018, with its mainnet launching just this May.
Zero-knowledge tech development heats up amid bear market
The intersection of ZK proofs and multichain bridges has become one of the industry’s more intriguing development.
Solana game developer Automata announces mass layoffs
“It is with a heavy heart that I am writing today to share news about team restructuring efforts we are effectuating today,” wrote CEO and co-founder Michael Wagner.
Crypto VCs share lessons on startup success at EthCC
“A multitude of expansion factors curated at the [VC] group level” helps startups get traction, says Tony Cheng of Foresight Ventures.
Filecoin storage utilization surpasses 7% in Q2: Report
Although utilization rose, protocol and supply revenue declined, as more providers slashed fees to incentivize adoption.
3AC co-founders’ OPNX exchange onboards FTX, Celsius bankruptcy claims
Claims can be converted into collateral to trade crypto futures on the exchange.
Breaking: Celsius Network fined $4.7B by FTC
The regulator said Celsius “squandered billions in user deposits” after “duping” customers into depositing funds.
Bitget reserves top $1.44B, claims to be debt free
The cryptocurrency exchange claims its total proof-of-reserves ratio has reached 223% in its latest July report.
‘AI helps traders utilize more intuitive strategies,’ says Exchange
Bitget currently has a Martingale AI trading bot and a Grid Trading AI bot on its platform.
Elon Musk kickstarts new AI company to ‘understand the universe’
“The goal of xAI is to understand the true nature of the universe,” the company wrote.
Algorand decentralized lending protocol Algofi to shut down by end of year
Developers say building the borrowing and lending protocol is “no longer a viable path” for Algorand.
Near Foundation treasury drops to $900M as token price plunges
The $200 million decline was mostly due to a drop in the price of Near tokens, in line with the crypto bear market.
BIS develops framework against CBDC cyberattacks
The institution cited rising exploits against DeFi as a need for more secure CBDCs.
$30B stolen from crypto ecosystem since 2012: Report
The stolen amount represents nearly 3% of the current market cap of listed cryptocurrencies.
US Homeland Security returns $314K from 2016 Bitfinex hack
The funds were seized by U.S. Customs and Border Protection. Recovery efforts for the remaining funds are ongoing.
DeSo offers $1M bounty for building decentralized Reddit
Developers pointed out the “monopolization of content and data” in centralized social media platforms as a need to create a decentralized alternative.
What is the ZK industry up to? Rollups, multichain bridges and VCs
As an emerging technology, how can zero-knowledge proofs remedy many issues across the crypto space?