As the Ethereum blockchain edges closer to its proof-of-stake transition, the network has merged with the Beacon chain on the Kiln testnet. The news marks the final step before the blockchain deploys the upgrade and moves away from leveraging a proof-of-work consensus mechanism. Ethereum blockchain engineer Tim Beiko revealed that the network deployed a partly …
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Quick take: Yuga Labs is planning virtual land sales this month and later in August The goal is to raise hundreds of millions of dollars as part of its metaverse initiative to expand beyond NFTs Yuga Labs aims to create a gaming metaverse, named MetaRPG MetaRPG will be compatible with other NFTs and powered by …
Ethereum-powered software developer ConsenSys has raised a massive $450 million in capital from its latest Series D funding round. The fresh injection of funds raises the company’s market valuation to a staggering $7 billion. Also, the news complements a landmark moment for the startup’s flagship wallet MetaMask. ConsenSys has closed a Series D funding round …
Quick take: Polygon Studios has welcomed new hires from the web2 companies of Amazon, Google, Youtube, Electronic Arts, Penske Media and Mythical Games The move is part of plans by Polygon Studios to strengthen its gaming initiative Polygon Studios, the developer relationship arm of Polygon Technologies, has announced new hires to spearhead its growth in …
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Cryptocurrency exchange giant FTX furthers expansion push with its latest license issued by market supervisors in the United Arab Emirates. FTX has obtained regulatory approval from Emirati authorities. The exchange is set to operate in the UAE under a virtual asset exchange (VAX) license. CEO Sam Bankman-Fried confirmed the news on Tuesday and said that …
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Deus Finance lost over $3 million from the hack. The hacker manipulated prices in a lending contract. The team is working on a reimbursement plan for the victims. DeFi project Deus Finance has experienced a hack, resulting in over $3 million being stolen. PeckShield revealed that the exploit took place on its Fantom-based marketplace on …
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The Financial Conduct Authority (FCA) is planning a new crypto department to regulate the digital asset industry. The UK’s financial watchdog has invited applications for the post of Head of the Digital Assets Department and Director Of The Payments And Digital Assets Department. The FCA is expediting its efforts to monitor and supervise the crypto …
Singapore-based Luna Foundation Guard continues to pursue its mandate to aid in growing the Terra blockchain ecosystem. The non-profit organization has now voted in favor of another massive LUNA token burn from its treasury. The Luna Foundation Guard (LFG) announced on Tuesday that the organization’s council has voted to burn an additional 4 million of …
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Quick take: SHIB is the third most held token on the Ethereum network after ETH and FTT Shiba Inu is also the 10th most bought token on the Ethereum network in the last 7 days An ETH whale recently bought $1 million worth of Shiba Inu (SHIB) Accumulation and holding could be a result of …
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Quick take: The EU’s ECON committee has voted against a proposal to ban proof-of-work crypto networks in the region 32 members of the committee voted against the proposal with 24 in favor The proposal was meant to target proof-of-work networks such as Bitcoin’s that did not meet environmental sustainability standards Crypto mining will most likely …
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Summary: Terra Cofounder Do Kwon accepted a bet on LUNA’s price. Sensei Algod bet $1 million that LUNA’s price would be lower than its current value a year from now. A $10 million bet followed, from GCR another trader and twitter user. LUNA’s price has been rising exponentially in recent months and has been the …
Summary: Magic Eden, a Solana based NFT marketplace is planning to announce a $27 million fund on Monday The funding round may reportedly include investors such as Sequoia Capital and Greylock The funding round may help Magic Eden beat OpenSea by being the first to introduce Solana NFTs. Magic Eden, a leading NFT marketplace built …
Quick take: Ukraine has purchased 5,550 bulletproof vests, 500 ballistic plates for the vests, 500 helmets, and more using the country’s crypto fund According to the Deputy Minister of Digital Transformations of Ukraine, Alex Bornyakov, the equipment is already saving lives in the field Deputy Minister Bornyakov has thanked everyone who has donated to Ukraine …
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Quick take: Judge Analisa Torres will allow Ripple to use its ‘fair notice’ defense in the ongoing lawsuit by the SEC The ‘fair notice’ defense by Ripple is hinged on the fact that a trading platform had sort guidance from the SEC on whether XRP was a security before listing the digital asset The SEC …
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Solana NFT Marketplace is the second marketplace with the most transactions in the NFT sector. Magic Eden is the “Opensea” of Solana, with the majority of users using it to transact, they have captured 92.4% of the market share for gaming NFT’s The Magic Dao was launched as a way to connect with ME community …
