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.
FTX Ventures Leads $300m Series B Funding for Mysten Labs
Mysten Labs, the startup behind the highly hyped Sui blockchain protocol, has raised $300 million from top investors in the Web3.0 ecosystem.
BNB Chain Launches Zero-Knowledge Proof Scaling Tech
The zero-knowledge proofs utilize mathematical proofs to allow the verification of specific data without the requirement to reveal the details.
GameStop Announces Partnership with FTX US
GameStop, the world's largest video game retailer headquartered in Texas State, announced that it has signed a partnership with FTX US ("FTX") to become FTX's preferred retail partner in the United States.
Digital Wallet Omni Raises $11m in Seed Funding
On September 7, digital wallet Omni (formerly known as Steakwallet) raised $11 million in seed funding at a $50 million valuation.
Ark Invest Expands Research Arm, Focusing on Blockchain Technology and AI
Ark Investment Management LLC, owned by Cathie Wood, has expanded its research arm as it seeks deeper development in various fields, including blockchain and AI.
China Central Bank Releases Digital CNY Smart Contract Prepaid Fund Management Product
In China, the Digital Currency Research Institute of the People's Bank of China has launched a digital renminbi smart contract prepaid fund management product - "Yuanguanjia".
Blockchain in Manufacturing Market Speculated to Generate $766.2m in Revenue by 2030
The blockchain in the manufacturing market is expected to render revenue worth $766.2 million in 2030, according to Verified Market Research.
Protocol Upgrade to Boost Transactions Speed & Cross-Chain Communcation Security: Algorand
Algorand said that the new protocol upgrade will boost its transactions per second (TPS) and cross-chain communication security via state proofs.
Russia Collaborates With Other Countries to Setup Stablecoin Cross-border Clearing Platform
Russia is already working with several countries to establish clearing platforms for cross-border settlements of stablecoins, according to the state-backed TASS news agency.
Hiccups Surface as Bellatrix Upgrade Sets Stage for Ethereum Merge
With the much-anticipated merge being around the corner, the Bellatrix upgrade went live, curtain raising for this event.