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.
CreatorDAO Community Raises $20M in Seed Fund
CreatorDAO, a decentralized autonomous organization, announced that it raised $20 million in a seed round led by Andreessen Horowitz and Initialized Capital.
Crypto Weekly Inflows Have Topped $500M for Six Consecutive Weeks: CoinShares
Inflows into crypto investment products have been experiencing an uptick for six consecutive weeks, topping $500 million, according to a report by market insight provider CoinShares.
Blockchain in Fintech Sector Expected to Hit $31.4B by 2030
Blockchain in the FinTech market is anticipated to reach $31.4 billion by 2030, given that the penetration of this cutting-edge technology in the financial industry has boosted app-based operations.
Amber Group Expands Retail Trading Operations into Brazil Through WhaleFin
Cryptocurrency financial services startup Amber Group has announced that it will expand its retail trading operations into Brazil through a retail platform called WhaleFin.
Marathon Digital Says Generated 707 BTC with YoY Increase of 8% in 2022 Q2
Marathon Digital Holdings, Inc. revealed that the cryptocurrency mining firm had mined 707 bitcoins, an increase of 8% year-over-year in the second quarter of 2022.
Solana Wallet Developer Cashmere Raises $3M in Seed Funding
Solana's enterprise wallet developer Cashmere announced on August 9 that it has raised $3 million in seed funding at a $30 million valuation.
Australian Bitcoin Miner Iris Energy Doubles Operating Capacity to Over 2.3 EH/s
Australian Bitcoin mining company Iris Energy has announced that its operating capacity has roughly doubled to over 2.3 EH/s.
VisionsDao Exits Stealth Mode and Presents a Modular Stack for GameFi That Enables Sustainable Economies
An up-and-coming GameFi infrastructure startup, VisionsDAO has been building for more than a year what could become a foundational primitive for game developers looking to implement sound crypto economic designs and plug-and-play modules that will power a new wave of sustainable on-chain Web3 games to come to market and thrive.
DeFiChain Community Brings Attractive Rewards For DFI ERC-20 Pairs on Uniswap
DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is thrilled to announce that its community has voted to offer lucrative liquidity mining rewards for the ERC-20 format of its native DFI token pairs on Uniswap. The proposal put forth by DeFiChain’s Lead Researcher received more than 96% votes in favor.
Announcing Hashstack’s switch to Starknet
Hashstack is thrilled to announce its strategic shift to Starkware developed Starknet — the first general-purpose permissionless Decentralized ZK-Rollup, to deploy Open — Hashstack’s money-market protocol to enable secure, under-collateralised loans on the blockchain. With this, Hashstack shifts its focus from EVM chains to zk-primitives to further its mission to build the critical infrastructure necessary to 10x the usability of decentralised finance, to truly empower financial inclusion through crypto.