English Premier League registers for NFT and Crypto Penchants

The English Premier League (EPL) has registered two cryptocurrencies and NFT penchant in the United States, indicating that the world’s most popular sports league is preparing to augment its brand into the digital realm.  The hallmarks were registered with the United States Patent and Trademark Office (USPTO) last week, and licensed trademark attorney Michael Kondoudis …

What is a Blockchain Oracle, and How Does it Work?

‘Curiosity is the wick in the candle of learning’- inflicts a famous saying. Surprisingly, if it wasn’t for curiosity, we wouldn’t have discovered fire, unwrapped the potential of technology, and come up with the idea of something as unique as a cryptocurrency. All these remarkable inventions showed how powerful the human brain could be when …

PoolTogether and DeFi community together hit $1.4 million NFT defense funding goal

Through the sale of NFTs, PoolTogether, a no-loss lottery decentralized finance (DeFi) platform, has raised 100% of its legal defense fundraising goal. The initiative reached its financial target of 769 Ether (ETH), or $1.4 million, in just ten days, indicating significant support from the DeFi community, which is uniting against a lawsuit that some believe …

Solana to Host Alchemy’s blockchain node infrastructure

Alchemy, an Ethereum-based node infrastructure provider, revealed on 02 June, 2022 that it will now support the Solana blockchain. Solana developers will be able to grow their blockchain infrastructure requirements as a result of this development. Alchemy currently provides a node API for Ethereum and Polygon applications. Alchemy has spent years developing, fine-tuning, and putting …

Know The Difference Between Zk-SNARKS Vs. Zk-STARKS

Throughout history, similar technologies have always emerged around the same time seeking similar outcomes but approaching the problem differently. Therefore, adopters should endeavor to examine each technology objectively when this market phenomenon arises. Advances in cryptography have resulted in the creation of novel privacy technologies that may be used to protect data privacy. Among them …

What Is EIP-4844, and How Will EIP-4844 Help Users?

EIP-4844 (also known as proto-danksharding) is an effort to propose an intermediate solution for the high gas fees issue on Ethereum. The solution proposes expanding block space inside the network by implementing a transaction format that is otherwise planned to be implemented in sharding, an Ethereum scaling approach. Due to the time it takes to …

Binance labs collect $500m for its Web3 startup

The funding support of crypto behemoth Binance, Binance Labs, has announced a fund of $500 million in collaboration with some of the global investors like Breyer Capital and DST Global Partners. The idea behind this fund announcement is to promote innovations in the Web3, crypto and blockchain domains.  Binance Labs plans to give the latest …

An Insight into Web3 Technology

If you are still staying aloof from the Web3 craze, then let me tell you that you are unintentionally putting yourself behind the thousands of people already at the forefront of the modern Internet. Missing out on an opportunity that is something as huge as Web 3.0 is like giving away a gold treasure to …

What Is Wormhole and How Does Wormhole Work?

Ever since Satoshi Nakamoto gave investors a taste of the paperless currency Bitcoin, there has been no halt in the growing craze for the industry. The multi-billion-dollar sector has garnered constant support from firms and retail traders who are rampantly choosing crypto investments over other traditional payment tools. Supported by the unparalleled excellence of blockchain …

PoolTogether starts NFT Financing Campaign to Raise 471 ETH for Legal Defense

PoolTogether, a DeFi platform that bills itself as a “no-loss lottery,” has earned 470.90 Ether (ETH) through NFT sales to support its legal defense against a putative class action lawsuit. PoolTogether is now more than halfway to its target of raising at least 769 ETH (approximately $1.5 million) to fight a lawsuit it claims has …

Explaining Working Mechanics of Algorithmic Stablecoins

Cryptocurrencies are notorious for their price fluctuations; they may swing by double figures. Stablecoins, on the other hand, attempt to get a haven for individuals who wish to avoid continual instability while remaining in the cryptocurrency world. Cryptocurrencies called stablecoins are designed to be tied to fiat currencies such as the US dollars. Stablecoins tied …

A Beginner’s Guide to a Smart Contract Security Audit

The smart contracts in a project may undergo a thorough examination as part of a security assessment. These secure the money placed in them. In most cases, smart contract auditors will evaluate the code and generate a report that the project may use. After that, a final report is made public, including any faults that …

QUINT received a $25 million investment from Galaxy Racer GRX

Galaxy Racer is a transmedia powerhouse. It is located in Dubai. It collaborates with and invests in QUINT, the Quint ecosystem’s main coin. On Quint receiving a $25 million investment from Galaxy Racer, GRX becomes the first esports and lifestyle business to put money into a cryptocurrency ecosystem rather than use it to raise money. …

Binance Partners with Primavera Sound Festival

Binance partnered with Primavera Sound Festival in 2022. The Primavera Sound Foundation will host the festival, which will take place in cities namely, Barcelona, Spain, and Porto, Portugal in June 2022, and will feature a world-class roster of music, culture, and knowledge opportunities. Whatever city you choose, Binance will be demonstrating the latest in blockchain …

Nike’s Subsidiary RTFKT purchases ‘DotSwoosh’ ETH domain name for $35,000

The rationale for Nike’s dotswoosh acquisition on Friday (27-05-2022) is yet unknown. Some of the anonymous reports say Nike may be preparing to utilize the domain to sell items.  ENS subdomains in the future subdomains The principal domain holder owns these domain names. The sportswear company Nike has announced that it would buy RTFKT in …

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