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.
Blockchain Technology can Radically Revamp Government Structures, Cardano Founder Says
Blockchain technology has the capability of revolutionizing government structures from the whelms of archaic processes to modern ones, according to Cardano founder Charles Hoskinson.
CoinFlex to Allow Users to Withdraw up to 10% of their Balance
According to Bloomberg News, CoinFlex will allow users to later withdraw 10% of their balance after suspending withdrawals last month.
Decentralized Oracle Empiric Network Raised $7M Led by Variant
Decentralized oracle on StarkNet,an Ethereum Layer 2 network (a scaling solution) - Empiric Network has secured $7 million in funding led by Variant.
Uniswap Price Upward Pressure Remains amid Robinhood Listing
American trading platform Robinhood announced the official listing of Uniswap’s native UNI token in its crypto sector on July 14. The uni token has recovered somewhat, but upward pressure remains.
Financial Services Company Plaid Integrates Crypto Exchange Data
Financial services API developer Plaid is adding account information on crypto assets from cryptocurrency exchanges.
OpenSea to Lay off 20% of Employees
OpenSea, one of the largest marketplaces for NFTs, suggested that about 57 people will be laid off as it said it now has 230 employees.
CleanSpark Purchases Over 1000 Mining Rigs to Strengthen Productivity
Nevada-based bitcoin mining company CleanSpark, Inc announced that it has acquired 1,061 Whatsminer M30S rigs at a steep discount, expanding its infrastructures to mine more Bitcoins.
Blockchain Startup 5ire Secures $100m in Series A Funding
Fifth-generation blockchain ecosystem 5ire from India has secured $100 million in Series A funding from UK conglomerates Sram and Mram.
Vitalik Buterin Is Named Headline Speaker at ETHToronto 2022
ETHToronto, the official Hackathon of the Blockchain Futurist Conference, is coming to Toronto on August 8-10, 2022 as part of an event that will be graced by Canada’s brightest crypto mind, Vitalik Buterin.
Ankr Unveils Its Biggest Upgrade, Ankr Network 2.0, to Truly Decentralize Web3’s Foundational Layer
Ankr, one of the world’s leading Web3 infrastructure providers, is delighted to introduce Ankr Network 2.0, described in the new whitepaper as a “Decentralized marketplace for Web3 infrastructure.” The upgrade brings a full suite of decentralized products and services that serve as the critical infrastructure behind Web3 growth.