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.
Uniswap Labs is Working to Secure over $100M in New Funding
According to TechCrunch reports, Uniswap Labs is planning a new round of equity financing of 100 million to 200 million US dollars.
19 of the World's Largest Banks Hold Nearly $9B in Digital Assets: Basel Committee Survey
According to a survey by the Basel Committee, global banks hold nearly $9 billion in digital assets, and banks holding crypto assets may account for only 0.01% of total Bank for International Settlements (BIS) exposure.
Solana Restores Network Outage After Successful Cluster Restart, But SOL Price Still Struggling
The major blackout, which ran for several hours, is not the first time a bug caused Solana’s network to temporarily fail.
Simplify Asset Management Unveiled Bitcoin Strategy-related ETFs
On September 30, Simplify Asset Management, a registered investment advisor, announced the official launch of the Bitcoin Strategy ETF “Simplify Bitcoin Strategy PLUS Income ETF” with the code “MAXI”.
SoftBank Vision Fund to Cut 30% of Global Workforce
According to Bloomberg reports, the investment department of the Vision Fund under the Japanese multinational company SoftBank Group is preparing to lay off 30% of its global employees, a total of about 150 staff.
Starfish Finance Proposes DeFi-NFT Convergence on Polkadot
Starfish Finance, the DeFi project running on Astar Network, has shared its vision of how NFTs and decentralized finance will coalesce on Polkadot. The community-driven project predicts the worlds of DeFi and NFTs will eventually fuse and form a brighter star, with Starfish Finance ($SEAN) serving as the fortress that hosts this union.
Spain's Largest Telecom Company Telefónica Now Accepts Crypto Payments
The Spain-based telecom company has now joined the list of firms accepting cryptocurrency as a payment method.
MetaMask's New Beta Portfolio dApp to Provide All-In-One Access to Cryptos, NFTs
MetaMask has launched a beta portfolio dApp that allows users to have an overview of their cryptos and NFT in one place.
Meta Introduces Digital Collectibles NFT Features on Instagram & Facebook
Meta, the parent company of Facebook and Instagram, announced that everyone on Facebook and Instagram in the US can now connect their wallets and share their digital collectables.
Warner Music Group Artists to Own NFT Page on OpenSea
NFT marketplaces OpenSea has partnered with US-based music and entertainment giant Warner Music Group to help attract more music fans through NFT projects.