Blockchain Financial News

On July 1, the popular discussion website Reddit took a ruinous step: Its application programming interface (API) — the tool that gives developers access to its rich store of data as they build and train applications — ceased providing free, open access. Going forward, it will be closed and, for some developers, too expensive to access.

Via a July 6 announcement, decentralized social media protocol DeSo has issued a $1 million bounty for building a competitor to Reddit using its native blockchain. In supporting the decision, developers wrote:

Hashing It Out episode 24 explores Web3 messaging with Shane Mac, co-founder of XMTP — an open protocol and network for secure Web3 messaging — who explains the differences between Web2 and Web3 messaging. Mac also explains how Web3 messaging could spark major adoption for the entire industry moving forward, regardless of current user experience limitations. 

The pilot, called Project Leonidas, also involves a 18 Italian commercial banks and the Associazione Bancaria Italiana (ABI).

Soaring daily temperatures, wildfires in Canada, inexplicably hot ocean currents—our worries around climate change have intensified. There is another fear out there this year, though mixed with frenzied excitement: the worry of whether we have created a Frankenstein’s monster in the quest for artificial intelligence (AI). My fears, however, are not as much about an AI agent becoming more intelligent than us, as two things more fundamental and immediate.

Zero-knowledge proofs (ZK-proofs) are a key technology explored by many in the crypto industry. A zero-knowledge protocol is a cryptographic method that allows one party to prove to another party that something is true without revealing any information. 

Companies across industries are focused on improving their environmental, social and governance practices, and with good reason. In addition to having the desire to do good for its own sake, businesses are very aware that more and more investors are taking a company’s ESG standards and practices into account when making investment decisions.

Golteum, for example, is experiencing a meteoric rise in value from its second presale, and investors are poised to make considerable gains from it.  >>> BUY GLTM TOKENS NOW<<< The cryptocurrency market has also witnessed a flurry of activity, with Golteum emerging as the frontrunner and stealing the spotlight from industry veterans Stellar (XLM) and Stacks (STX).  Stellar experiences a surprising rally, while Stacks faces a price decline. It is well known that cryptocurrency is a space of unpredictability, volatility, and profitability.  Stacks (STX), an open-source platform and Bitcoin layer for smart contracts, has faced a significant setback in its price value.

Golteum (GLTM) is offering investors the opportunity to be well-positioned for the next bull run.  GLTM tokens have maintained stable and consistent growth since their introduction as the native token of the Golteum platform.  With remarkable use cases and applications, GLTM token value is set to grow and surpass previous outings in the market. >>BUY GLTM TOKENS NOW<<< Polygon (MATIC) had earlier built a reputation as the most successful L2 scaling solution built on Ethereum or any layer 1 blockchain, for that matter.  The network has undoubtedly played a major role in scaling Ethereum and providing a cheap and secure way to transact on the Layer-1 network.  However, there is no denying that Polygon has faced stiff competition recently, with more Layer-2 platforms coming into the picture.  Arbitrum (ARB), Optimism (OP), and Celer Network (CELR) are among the projects generating lots of buzz in the Layer-2 space.  As such, investors may be looking to invest in new web3 technologies considering the Layer-2 space is becoming saturated.  Despite its decent presale outings, Ripple is embroiled in a legal tussle with SEC.

Blockchain-based games have been a hot topic in the cryptocurrency space over the past two years, accounting for considerable growth and daily activity on a number of protocols despite prolonged bear market conditions.

In Q2 2023, The Open Network (TON) saw a 2.88 million total accounts and 173 million transactions, making it the 14th largest cryptocurrency by market capitalization. TON's technology, ecosystem, and economy improved significantly, comparable to the previous quarter.

Singapore-based blockchain start-up Web3Go has raised $4 million in a seed round led by Binance Labs, the venture capital and incubator arm of crypto exchange giant Binance.

In a technical paper issued for consultation in February, the Bank of England set out limits on individual holdings to prevent a run on commercial banks and dismissed blockchain as a viable technological option. "We judge that a limit of between £10,000 and £20,000 per individual is likely to strike an appropriate balance between managing risks and supporting wide usability of the digital pound," states the paper.

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It’s not every day that one discovers they've suddenly become $322,000 richer — but for one lucky crypto investor, this is exactly what happened in the waning hours of July 5.

Bitcoin (BTC) miners made a lofty $184 million from transaction fees in the second quarter, far more than what they pocketed over the entire 2022 — as Bitcoin’s price surged and BRC-20 tokens flourished.

Crypto exchange dYdX has launched a public testnet of its V4 iteration, according to a July 5 announcement from the exchange’s development team. This marks the completion of “milestone 4” out of five, paving the way for a future V4 mainnet launch.

The crypto derivatives exchange Bitget has launched a new crypto lending program that will let users stake their own coins in exchange for loans in another.

The crypto industry has faced significant challenges over the past few years, dealing with issues such as failed exchanges, regulation, collapsing projects and depegged stablecoins. These hurdles have contributed to an atmosphere of uncertainty and skepticism within the industry. However, the obstacles experienced within the space have now paved the way for new entrants, and with them, innovative solutions that continue to drive the evolution of decentralized finance (DeFi).

The first batch of blockchain use cases to debut in Europe's regulatory sandbox was formally introduced on July 3, following a long wait and nearly 90 applications received in April. First disclosed in 2020, the initiative aims to bridge the regulatory gap between European nations and crypto companies.