BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
Why Vitalik Buterin Proposed 33% Increase in Gas Limit for Ethereum
Ethereum's Vitalik Buterin proposes a 33% increase in the gas limit to improve network throughput. This first change in three years aims to balance efficiency and stability, addressing scalability.
Bitwise Bitcoin ETF (BITB): 0.20% Management Fee, Pledges 10% Profits for Bitcoin Development
Bitwise Bitcoin ETF (BITB) is a low-cost, regulated ETF for U.S. investors, offering a traditional route to investing in bitcoin. With a 0% management fee for the first six months, BITB could pave the way for more cryptocurrency-based investment products.
NEAR Foundation Announces 40% Workforce Reduction in Strategic Realignment
The NEAR Foundation has announced a 40% reduction in its workforce, impacting 35 team members, as part of a strategic realignment to focus on high-impact activities and further decentralize the ecosystem. Despite this change, the Foundation maintains strong financial health and a commitment to advancing key areas in the Web3 space.
Hedera (HBAR) and Algorand (ALGO) Form DeRec Alliance for Decentralized Recovery
Hedera and Algorand ecosystems have united to form the DeRec Alliance, introducing a new standard for simplified and secure digital asset recovery, aiming to revolutionize the Web3 experience.
BitGo Secures MPI License Approval in Singapore
BitGo has received in-principle approval for a Major Payment Institution (MPI) license from Singapore's MAS, allowing it to expand its crypto services in the region. This aligns with Singapore's robust regulatory standards and BitGo's commitment to security in digital asset transactions.
CFTC Report Underscores DeFi Risks and Calls for Action
The CFTC report on DeFi underscores significant risks to the U.S. financial system, national security, and consumer protection, emphasizing the need for increased understanding, regulation, and collaboration in the sector.
Nomura's Laser Digital Partners with WebN Group to Launch Libre Protocol on Polygon
Nomura's Laser Digital and WebN Group have unveiled the Libre protocol, a fund tokenization infrastructure powered by Polygon technology, set to launch in Q1 2024. The protocol aims to revolutionize the management and distribution of alternative investments, with Brevan Howard and Hamilton Lane as initial users.
Coinbase's Base 2024 Mission: Pioneering a Global Onchain Economy
Base's 2024 mission focuses on building a global onchain economy, emphasizing decentralization, developer empowerment, a vibrant app ecosystem, and a robust capital market, all while maintaining close ties with Coinbase and the broader crypto community.
Cosmos (ATOM) Community Contemplates Zero Inflation for ATOM Token
Cosmos's StakeLab proposes reducing ATOM's minimum inflation to 0%, aiming to align with other blockchain models and address issues like token overproduction and selling pressure. Nearly 95% of the community supports this significant change.
Binance Launches Incentive Campaign for USDC-M Perpetual Contracts
Binance launches a dual-incentive promotional campaign for USDC-margined perpetual contracts, targeting deposits and trading activities to stimulate market engagement and diversify trading options in the crypto futures market.