Technology Financial News

06.12 / 22:11

business Technology Investments transactions Warner Music, Polygon and LGND.io partner to launch Web3 music platform

E-commerce and interactive platform builder LGND.io has announced a multi-year partnership with blockchain network developer Polygon and global entertainment company Warner Music Group to create a Web3 music platform called LGND Music.

06.12 / 20:21

business Technology Investments Metaverse stake Animoca Brands secures majority stake in music metaverse gaming platform

Digital entertainment, blockchain, and gamification company Animoca Brands has secured a majority stake in the Los Angeles-based music metaverse gaming platform Pixelynx.

06.12 / 19:55

business Blockchain Technology MetaMask ConsenSys will shorten MetaMask data retention to 7 days following privacy discourse

In a privacy update published Dec. 6, ConsenSys, the developer of the popular MetaMask browser wallet, said it would reduce its retention of user data such as wallet addresses and IP addresses to seven days. Previously on Nov. 24, ConsenSys updated its privacy policy to clarify how Infura, or MetaMask's default Remote Procedure Call (RPC), works with user data such as including IP addresses. The revelation sparked controversy in the crypto community regarding privacy concerns, leading the firm to clarify that IP addresses collected through MetaMask will not be monetized or "exploited."

06.12 / 19:55

business Blockchain Technology DEX Sushiswap chief says it only has 1.5 years of treasury runway left

According to a new proposal dated Dec. 6, Jared Grey, CEO of decentralized exchange Sushiswap (SUSHI), disclosed that the project's Treasury has less than 1.5 years of runaway left, and the "significant deficit in the treasury threatens Sushi's operational viability, requiring an immediate remedy." Grey explained that Sushiswap's annualized operating expenses amounted to roughly $9 million in October, however, that has since been reduced to around $5 million.

06.12 / 09:41

Technology Twitter Adoption chatbot Crypto Twitter uses new AI chatbot to make trading bots, blogs and even songs

The crypto community appears to be having a ball with ChatGPT, a recently launched Artificial Intelligence (AI) chatbot created by research company OpenAI — using it for a multitude of applications including a trading bot, a crypto blog, and even an original song.

05.12 / 20:45

Blockchain Technology Ethereum defi Future Vitalik Buterin discusses his 'excitement' for the future of Ethereum

In a blog post dated Dec. 5, Ethereum (ETH) co-founder Vitalik Buterin wrote that money, blockchain identities, decentralized finance (DeFi), decentralized autonomous organizations (DAOs), and hybrid applications were the top developments he was excited about in the Ethereum ecosystem. Buterin then described his experience in using Ether as a means of payment in a cafe in Argentina:

05.12 / 20:45

Government Technology regulation Investments regulatory Malta prepares to revise regulatory treatment of NFTs

The Malta Financial Services Authority (MFSA) is currently reviewing requests to revise the “regulatory treatment” of Non-Fungible Tokens (NFTs) within its Virtual Financial Assets Framework.

05.12 / 17:51

business Blockchain Technology Stablecoin Concord USDC issuer Circle terminates SPAC merger with Concord

According to a new press release published on Dec. 5, USD Coin (USDC) issuer Circle announced the mutual termination of its proposed merger with special purpose acquisition company, or SPAC, Concord Acquisition. The deal was announced in July 2021 with a preliminary valuation of $4.5 billion and was then amended in February 2022 when Circle's valuation ballooned to $9 billion. USDC is currently the second largest stablecoin in circulation, with a market cap of $43 billion.

05.12 / 04:47

markets Technology Ethereum Investments NOT Vitalik Buterin on the crypto blues: Focus on the tech, not the price

Ethereum co-founder Vitalik Buterin has shared some sage advice for traders feeling the blues of the crypto bear market: Focus on the tech rather than the price.

05.12 / 03:47

Technology Ethereum Tech Thanks to Ethereum, 'altcoin' is no longer a slur

Altcoin originally meant “Bitcoin alternative” because, in the early stages of cryptocurrency development, every blockchain-based currency was seen as a sort of Bitcoin (BTC) knockoff. Cryptocurrencies back then were mainly used for payments, such as Litecoin (LTC), XRP (XRP) and Peercoin (PPC). Altcoin was used as a catchall term for cryptocurrencies other than Bitcoin.

03.12 / 01:51

Blockchain Technology Art Sport NFT Steez NFT Steez and Victor Solomon chat about building in Web3 and the Metaverse

On Dec. 2, NFT Steez hosts Alyssa Expósito and Ray Salmond chatted with Victor Solomon to discuss his journey into bridging his in-real-life artwork into NFTs and how he cultivates the community and culture that surrounds it.

03.12 / 00:57

Blockchain Technology Art Tech Fine Mind Never mind FTX — Fine arts institutions should still onboard to blockchain

The reality is that blockchain technology can still deliver substantial benefits, particularly within the fine arts. And for those who have been paying attention, 2022 has been a year of incredible normalization for nonfungible tokens (NFTs). Simply put, major institutions across various sectors have dipped their toes into Web3.

03.12 / 00:05

business Blockchain Technology defi Ankr says no one should trade aBNBc, only LPs "caught off guard" will be compensated

Following yesterday's confirmed multi-million dollar exploit, BNB Chain based protocol Ankr took to its company blog on Dec. 2 to relay its next steps to users.

02.12 / 06:25

Blockchain Technology hacks chatbot This AI chatbot is either an exploiter's dream or their nightmare

The online crypto community has discovered a new Artificial Intelligence (AI)-powered chatbot that can either be used to warn developers of smart contracts vulnerabilities or teach hackers how to exploit them.

01.12 / 23:57

Blockchain Technology Adoption defi Token Burn Fantom wants to cut token burn rate by 75% to fund dApp rewards program

According to a new proposal dated Dec. 1, directed acrylic graph network Fantom seeks to implement an affiliate program for its decentralized application, or dApp, developers with network gas fees. To fund this venture, the Fantom community has proposed slashing the protocol's current FTM token burn rate from 20% to 5%. In supporting the proposal, Fantom developers wrote:

30.11 / 22:51

markets business Blockchain Technology Kraken cuts workforce by 30% in an effort to survive crypto winter

Cryptocurrency exchange Kraken announced on Nov 30, that it has made “one of the hardest decisions” to cut down its global workforce by approximately 1,100 people, making up approximately 30% of its total workforce, amid current market conditions.

30.11 / 19:57

Blockchain Technology Adoption network vulnerability Secret Network resolves network vulnerability following white hat disclosure

On Nov. 30, Guy Zyskind, CEO of privacy smart contract blockchain Secret Network, said that developers had patched a privacy-related vulnerability and users' funds remain secure. In a document dated Nov. 29, Secret Network wrote that users or developers required no action and that all active nodes were upgraded to correct the exploit on Nov. 2.

30.11 / 19:07

Blockchain Technology defi Uniswap launches NFT marketplace aggregator

According to a new post on November 30, decentralized exchange (DEX) Uniswap announced that users can now trade nonfungible tokens, or NFTs, on its native protocol. As told by Uniswap, the function will initially feature NFT collections for sale on platforms including OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation, NFT20, and NFTX.

30.11 / 17:01

Blockchain Technology privacy data zkSync Digital identity platform integrates with zkSync for on-chain KYC

RNS.id, a digital Web3 identity platform developed to support the application and issuance of sovereignty-backed IDs, announced on Nov. 30 that it is integrating with zkSync for on-chain KYC. RNS.ID indicated in a release shared with Cointelegraph that its on-chain KYC solution is designed on a “privacy engine” to encrypt users' identity attributes or properties into different “hashed slices” with multiple signature verifications.

29.11 / 23:15

Blockchain Technology defi Serum exchange rendered 'defunct' following the collapse of Alameda and FTX

The Solana-based decentralized exchange (DEX) has notified its community that the collapse of its backers — Alameda and FTX — has rendered its program “defunct”.

29.11 / 18:49

business Blockchain Technology Digital Bond EIB settles €100 million digital bond on private blockchain

According to a new press release on Nov. 29, the European Investment Bank, or EIB, issued a first-ever euro-denominated €100 million digital bond on a private blockchain-underpinned platform with tokenization help from Goldman Sachs.

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