PROTOCOL
The set of rules of a system that governs how data is exchanged and transmitted. This term is often used to describe the technology behind certain blockchains and the rules that govern each specific blockchain network.
Near Foundation Launches New $100m Web3.0 Fund
Near Foundation, the Switzerland-based Non-Profit in charge of the Near Protocol has announced the launch of a new $100 million Web3.0 fund.
Coinbase Adds Near Protocol to Roadmap with NEAR Token Skyrockets
NEAR Protocol's native token, NEAR, surged after cryptocurrency exchange Coinbase added it to Coinbase's listing roadmap.
Naoris Protocol Secures $11.5 m Funding, Enhancing Web3 Networks Security
Cybersecurity protocol Naoris raised the funding with $11.5 million, which it mentions will enable it to revamp network security for the Web3 world.
Hacker Steals $1.1m Worth Crypto from Music Streaming Protocol Audius
Audius decentralised music streaming protocol in a tweet acknowledged the hacking incident. It said $6 million worth of AUDIO tokens were stolen. At least $1.1 million worth of the coins were sold.
DeFi Project HUMAN Protocol Launches Routing Protocol for Data Contribution
DeFi project HUMAN Protocol launched a new blockchain coordination layer called Routing Protocol, which aims to improve the data contribution function on the blockchain.
Azuro Closes $4m Funding Round to Build Decentralized Betting Protocol
Azuro said it has raised another funding round of $4 million, saying that the funding gives it great confidence in its ability to disrupt traditional online betting.
Second Circuit Court Order's Terraform Labs and Do Kwon to Comply With SEC's Subpoena
The 2nd US Circuit Court of Appeals has upheld a ruling that compels blockchain startup Terraform Labs and its co-founder Do Kwon to comply with a September 2021 Subpoena that served him at a New York Conference.
Crypto Market Onslaught Stretches to DeFi as TVL Slumps to $114bn
With a broad-based caution being exercised by investors with regards to risk assets, there has been a massive outflow of funds from DeFi protocols as many investors anticipate calm to re-engulf the ecosystem.
DeFi TVL Drops below $200Bn, Reflecting General Bearish Market Slump
The Total Value Locked (TVL) in DeFi platforms has slumped below $200 billion down from the $230 billion towards the end of April.
Coinbase NFT Partner Ox Labs Pulls $70m in Series B Funding Round
0x Labs, the blockchain startup that is in partnership with Nasdaq-listed Coinbase Exchange, has raised $70 million in a Series B funding round with Greylocks Partners at an undisclosed valuation.