Consensys, an Ethereum software company, announced yesterday the launch of a new scaling solution for Ethereum, called “Consensys Rollups.” The company enlisted Mastercard programmers to design the solution, which aims to allow the network to reach a throughput of 10,000 TPS (transactions per second), according to a PR statement. The solution can be implemented on …
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The independent investment fund led by Kraken alumni that’s focused on early-stage companies and protocols, Kraken Ventures, announced the successful closing of its first fund at $65 million. Presently, the fund holds positions in platforms like Hashflow, Pstake, Acala, Blockdaemon, Anchorage, and Messari. Kraken Ventures Reveals $65 Million Fund I LP There’s been an enormous …
In an interview with CNN, Sam Bankman-Fried, the CEO of FTX, supports the newly proposed wealth tax in the United States. Speaking from FTX’s headquarters in the zero-tax Bahamas, he said that it was “reasonable” to reform the existing tax code and collect more taxes from billionaires—including himself. “The best need to pay their fair …
Eight world-famous universities, including UC Berkeley, Harvard, MIT, and Oxford, have founded a new decentralized autonomous organization (DAO) that will focus on addressing the “funding crisis and skills gap” in blockchain research and education. Dubbed Education DAO (EduDAO), the new organization will have access to a pool of $2.5 billion worth of assets provided by …
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Africa Blockchain Lab recently said it has raised $6 million from a pre-Series A investment round and will use the capital to fund the launch of a crypto wallet. Driving Adoption of Cryptocurrencies An African crypto startup, Africa Blockchain Lab, recently confirmed it has received $6 million from a pre-Series A investment round. The round …
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A Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin “has really set off a revolution that ultimately might benefit all of us either directly or indirectly.” Economics Professor Doubts Future of Bitcoin, Praises Defi …
Tymebank, a South Africa-based digital bank, recently completed its Series B funding round with $70 million invested in the firm by Tencent and U.K. development financier, CDC Group. Funds to Support Tyme’s Expansion Into New Markets Tymebank, a digital bank from South Africa, recently raised an additional $70 million from its latest funding round, led …
Last week, the world-leading centralized crypto exchange, Binance, announced it had withdrawn its license application and would be winding down operations in Singapore. At the time, the exchange claimed its decision was connected to its recent acquisition of HGX. However, a new Bloomberg report has stated that the CZ-led exchange withdrew its application due to …
The inaugural Global Esports Games is taking place in Singapore from December 17 – 19. As part of the launch, the Global Esports Federation Board will introduce its permanent symbol – the Global Esports Cup – in partnership with the GEF’s Global Partner, Flare. Every athlete competing at the Singapore 2021 GEG will receive their …
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A GitHub post by Cardano software engineer Sebastian Nagel detailed updates to the 0.2.0 version of Hydra. Haskell developer Matthias Benkort, via his Twitter @_KtorZ_, chimed in by saying steady progress is being made with the project moving closer to the testnet stage. “Next steps, we’ll focus on on-chain validations and closing the gap towards …
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The team behind Polygon, the protocol dedicated to interconnected blockchain networks like Ethereum, and Alexis Ohanian’s Seven Seven Six venture capital company have revealed a $200 million investment fund in blockchain-based social media projects. According to the announcement, the partner’s mission is to attempt to bridge blockchain, Web3 technology, and social media together. Polygon and …
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Authorities in Russia are discussing two very different approaches to the regulation of cryptocurrencies and related activities. While the Bank of Russia is reportedly seeking to introduce a ban on buying crypto assets, lawmakers are moving forward with efforts to adopt rules for mining, exchange, and taxation that would effectively legalize cryptocurrencies. Russian Officials Debate …
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The application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is part of an agreement between Canaan and Genesis that gives the mining operation the option to purchase up to 180,000 ASIC bitcoin mining rigs. Canaan …
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Famous Bitcoin bull Peter McCormack recently revealed that he became a proud owner of Bedford FC, a local football club in the UK. In a heart-to-heart Twitter thread, he revealed how this acquisition aligns with a childhood fantasy to bring league football to his town–and how Bitcoin is gonna help this dream come true. Aiming …
In a bid to promote ethical crypto trading in the country, the UK’s advertising watchdog has banned seven cryptocurrency advertisements of leading crypto companies due to their inability to “illustrate the risk of the investment.” Leading crypto companies such as Etoro, Exmo, Coinburp, and Luno had to face ASA’s crackdown for: “Irresponsibly taking advantage of …
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