With its latest round, Gensyn has raised more than $50 million and the company said it would use the fresh capital to accelerate the introduction of the protocol and to expand its workforce, including...
Category: Blockchain
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Blockchain-based marketplace for compute power Gensyn raises $43 million
Deals • June 11, 2023, 7:00PM EDT London-based Gensyn, a blockchain-based marketplace protocol connecting buyers and sellers of compute power, today announced a $43 million Series A fundraise. A16z Cr...
Scaling Solution For Blockchain to a Hyper Scalability
What Is zkSync Era? zkSync Era is a layer 2 protocol which scales Ethereum with its cutting edge tech. Their aim is to increase the Ethereum throughput and maintain its foundational values.It has been...
3 Major Blockchain Networks Driving The Crypto Industry
Since its advent from more than a decade ago, blockchain has always been in the limelight of the tech world. In simple terms, blockchain is a distributed database that is shared by numerous computer n...
Transforming Digital Credential Verification with Blockchain
The European Union (EU) Commission is striving to involve blockchain technology and Web3 solutions in different industries. In a recent announcement on June 7, the blockchain service provider, Protoko...
blockchain gaming revenue rose in May as investment soar to $476 million
A DappRadar report reveals that revenue in blockchain gaming rose in May. Despite a slight slip in dominance, the industry witnessed a 6% month-to-month increase in unique active wallets (UAW). Gaming...
GBRC72: Promoting Innovation On Bitcoin Blockchain
Key Points: GBRC721 is a novel Bitcoin Ordinals standard that was created to facilitate the introduction of Non-Fungible Ordinals collections. Despite being a very modest collection, the initial demo ...
Circular Protocol: New Blockchain Project
The Cryptonomist interviewed Gianluca De Novi, an expert in high-performance computing, Founder of a new blockchain project, called Circular Protocol. Gianluca, who are you and what’s your story? I h...
Harnessing The Power Of AI, Blockchain, And IoT To Transform Industries
A new era of technological innovation and transformation may be unlocked by the convergence of artificial intelligence (AI), blockchain technology, and the internet of things (IoT). When integrated, t...
Ex-SEC chair Jay Clayton says agency is treating blockchain ‘bluntly;’ endorses ‘true stablecoins’
Jay Clayton, former chair of the U.S. SEC, commented on the agency’s current treatment of crypto in a conversation at Bloomberg Invest on June 8. Beginning on June 5, the U.S. Security and Exchange Co...
MakerDAO: About 42% of DAI’s Initial Use Cases Are For Decentralized Exchanges
Key Points: DAI, the stablecoin issued on the Ethereum blockchain, has gained significant traction in decentralized exchanges, with approximately 42% of its initial use cases being in this sector. Th...
Lone Star State ‘Will Be Silicon Valley’ of Crypto: Texas Blockchain Council President
Texas’s 88th legislative session has been an especially productive one for local Bitcoin miners. Advocates celebrated the blocking of one state bill, and the passage of several others, that will likel...
ERD team unveils innovative decentralized lending platform and USDE stablecoin at EDCON 2023
Advertisement     Stablecoins are cryptocurrencies that afford users the low-fee transactions of cryptocurrencies while enjoying the stability that characterizes fiat currencies such a...
Birla Cellulose Is Using Blockchain to Ensure Full Product Traceability
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Birla Cellulose is a company that’s utilizing blockchain technology to ensure all customers know where their produ...
Istanbul Blockchain Week: Gathering Web3 Titans in Turkey this November
Istanbul Blockchain Week, the premier event of web3 and digital assets in the Eurasia region, will be inviting the world to Istanbul, one of the most adopted cities for cryptocurrency. Kicking off on ...
Blockchain Pioneers Vitalik Buterin, Polygon Co-founder Commit $100M To Pandemic Research
Blockchain pioneers Vitalik Buterin of Ethereum fame and Polygon co-founder Sandeep Nailwal have joined forces with India-based crypto fund Crypto Relief in an extraordinary initiative aimed at combat...
Hong Kong Plans To Promote Responsible Development Of Web 3.0 With Blockchain
Key Points: The Financial Secretary of Hong Kong, Chan Mo-po, believes that blockchain is the basic technology of Web 3.0 and will continue to develop in the future. Hong Kong aims to introduce a regu...
Paradigm slams SEC’s ‘incoherent’ attempt to police decentralized exchanges
Crypto venture capital firm Paradigm has slammed the U.S. Securities and Exchange Commission’s attempt to redefine the term “exchange” — which would if accepted, bring decentralized exchanges under it...
Former SEC Chair Behind Ripple Lawsuit Blames Cryptocurrency Exchanges, Not Blockchain
Alex Dovbnya Jay Clayton, the former chairman of the U.S. Securities and Exchange Commission (SEC), distinguishes between the technology underpinning the world of cryptocurrencies and the behaviors of...
Quantum miners would yield ‘massive’ energy savings for blockchain: Study
A pair of scientists from the University of Kent’s School of Computing in the United Kingdom recently conducted a study comparing energy consumption rates for current ASIC-based miners to proposed qua...
Grill.chat developing blockchain-based social media with EVM wallet integration
Grill.chat, the Subsocial network-based chat app, enhances its appeal by integrating ethereum virtual machine (EVM) wallet compatibility, bridging the gap between traditional wallet users and those re...
US House of Representatives Explores Blockchain and Web3 Future
3 hours ago | 2 mins read Altcoin News Polygon Labs president emphasizes democratizing the internet through Web3 technology. Wyatt says,Regulatory alignment is crucial for US to maintain competitive e...
Enjin Launches NFT-Focused Blockchain, Migrates Native Token and Merges Efinity Token
Singapore-based Enjin, a pioneer in the blockchain ecosystem for Non-Fungible Tokens (NFTs) and digital assets, has launched the Enjin Blockchain. The innovative new blockchain, dedicated to NFTs, is ...
World Mobile eyes African rollout after decentralized wireless field tests
Decentralized wireless (DeWi) network operator World Mobile said on June 8 it has completed field tests of its DeWi technology in Kenya, Mozambique and Nigeria, bringing it closer to a full rollout ac...
Lens Protocol raises $15m to foster decentralized social networking
Aave’s Lens Protocol, aspiring to decentralize the social media landscape, has successfully secured $15 million in funding to bolster its mission of democratizing internet usage and offering users gre...
EU Commission Partners With Blockchain Platform Protokol For Digital Educational Credential Project
The European Commission is making strides towards adopting blockchain technology to transform the verification process of educational and professional credentials across countries. In an effort to ach...
Lens Protocol Raises $15 Million to Expand Decentralized Social Media
Decentralized finance leader Aave has raised $15 million to fund Lens, its NFT-powered protocol for decentralized social media platforms, the company announced Thursday. Lens is a protocol built atop...
The role of blockchain in combatting fraud and revolutionizing the gaming industry
A new dawn is breaking in the gaming industry, driven by the transformative power of blockchain technology. As this industry — expected to hit $200 billion in 2023 — continues to grapple with the scou...
Lens Protocol Raises $15 Million To Promote Decentralized Social Web
Key Points: Lens Protocol, the user-owned social layer of the Internet, has received $15 million in investment. The additional fund will be used to support the ongoing growth of the Lens ecosystem, wh...
Animoca doubles down on non-US market push after America’s ‘blockchain-hostile’ approach
Hong Kong-based Animoca Brands is unfazed by the SEC deeming the SAND cryptocurrency a security in its recent complaints against Binance.US and Coinbase, South China Morning Post reported June 8. Anim...
TRON Mainnet Celebrates Fifth Anniversary and Stands Now As the Preferred Global Blockchain
June 8, 2023 – Geneva, Switzerland It’s been five years since the day in late May 2018 when the TRON mainnet emerged. The layer-one blockchain can now authentically be labeled as the public chain of c...
Ankr–Microsoft partnership continues with blockchain creator tool debut
On June 8, decentralized blockchain infrastructure provider Ankr announced the launch of its enterprise blockchain creator tool on Microsoft’s Azure Marketplace. Dubbed “AppChains,” the solution will ...