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Tether Backs Arcanum Capital’s Web3 Fund With $2 Million Investment
Tether has poured in $2 million (roughly Rs. 17 crore) into Arcanum Capital’s Emerging Technologies Fund II. Arcanum is a Web3-focussed asset management company that provides funding to emerging projects related to blockchain, cryptocurrency, and other Web3 sectors.
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Bluesky, A Platform That Looks And Feels A Lot Like Twitter
Created in 2019, the goal with Bluesky was to build a decentralised standard for social media that Twitter could eventually adopt.
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Millions Leave Musk's X After Trump Win, Shift To Jack Dorsey's Bluesky
With a similar colour scheme and logo, Bluesky is gaining traction as a decentralised alternative to X, attracting around one million new users daily
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UBS Completes Pilot Project for Blockchain Solution to Streamline Tokenised Fund Services
UBS asset management firm, Chainlink, and the Swift Network have completed a pilot of a blockchain solution to help financial institutions streamline services for tokenised assets. Swift confirmed the solution was developed under Project Guardian, overseen by the Monetary Authority of Singapore (MAS).
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WazirX's Nischal Shetty Aims to Build India's Largest Decentralised Exchange Within 12 Months
This week, WazirX hosted a virtual town hall where founder Nischal Shetty shared that he is considering launching a decentralised exchange (DEX) to complement the existing WazirX platform. According to Shetty, a DEX could help mitigate the risks associated with centralised exchanges.
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Argentina Rolls Out Blockchain-Based Digital IDs to Residents of Capital Buenos Aires: Details
Buenos Aires has officially become the first city in the world to have rolled out a blockchain-based digital identity system for its residents. The system is supported by Layer-2 blockchain called ZKsync.
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Wash Trading Remains ‘Widespread’ in DeFi, Researcher Kaiko Says
The wash trading strategy used to boost the FBI-created token NexFundAI remains a common practice on decentralised-finance exchanges (dexes), and can be encountered on certain centralised exchanges as well, according to researcher Kaiko.
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Google Search Now Supports Ethereum Name Service: Here’s What it Means
As per a fresh update, Google has fully completed the integratigration of Ethereum Name Service (ENS) into Search. Nalin Basu, product manager for Web3 at Google, was the first to confirm the development on X, explaining its utility.
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Binance Former Chief Changpeng Zhao Commits to Blockchain Funding Following Release from US Custody
In one of his first public statements posted on X following his release from US custody, Changpeng Zhao hinted that he is looking to fund projects related to blockchain, decentralised technologies, Artificial Intelligence (AI), and biotech.
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What Roles do Liquidity Pools Play in Decentralised Finance (DeFi): Explained
Liquidity pools are like reservoirs of cryptocurrencies locked within blockchain-based smart contracts. Anyone can become a "liquidity provider" for a DeFi protocol by depositing their crypto tokens into these smart contracts, pooling their assets alongside those of other participants.
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India Leads in Crypto Adoption for Second Straight Year, Report Shows
India led the way in global adoption of cryptocurrencies for the second straight year, a Chainalysis report has said. It showed India ranked high on usage of centralised exchange and decentralised finance assets from June 2023 to July 2024.
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Cardano Ecosystem Steps into Decentralised Governance Era with ‘Chang’: All Details
Cardano recently completed its Chang upgrade, granting ADA token holders the ability to participate in electing representatives and vote on development-related matters.
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Sony Announces Layer-2 Blockchain ‘Soneium’ in Collaboration with Startale Labs
Sony is working with Startale Labs to create a layer-2 blockchain called Soneium. A blog published on the official site of Soneium said this blockchain is being designed on the basics of ‘open Internet’ to encourage the creation of decentralised landscape for entertainment, gaming, and finance sectors among others.
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Cardano Blockchain to Get Decentralised Governance Feature Through This Upcoming Upgrade
The Cardano blockchain is set to undergo the ‘Chang’ upgrade after September 2022’s Vasil upgrade. As per the team, the Cardano community will be responsible for maintaining and shaping the blockchain network once the upgrade is completed.
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Crypto Trading Volumes on Centralised Exchanges Reportedly Falling Due to Market Volatility
June saw a monthly decline of 21.8 percent in trading volumes of digital assets. Several macro-economic factors, including the recent slump in Bitcoin’s price, launch of ETFs, and the selling pressure from Germany’s BTC offloading, have emerged as contributors that lowered trading volumes of cryptocurrencies, as per CCData.
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Tether Backs Arcanum Capital’s Web3 Fund With $2 Million Investment
Tether has poured in $2 million (roughly Rs. 17 crore) into Arcanum Capital’s Emerging Technologies Fund II. Arcanum is a Web3-focussed asset management company that provides funding to emerging projects related to blockchain, cryptocurrency, and other Web3 sectors.
-
Bluesky, A Platform That Looks And Feels A Lot Like Twitter
Created in 2019, the goal with Bluesky was to build a decentralised standard for social media that Twitter could eventually adopt.
-
Millions Leave Musk's X After Trump Win, Shift To Jack Dorsey's Bluesky
With a similar colour scheme and logo, Bluesky is gaining traction as a decentralised alternative to X, attracting around one million new users daily
-
UBS Completes Pilot Project for Blockchain Solution to Streamline Tokenised Fund Services
UBS asset management firm, Chainlink, and the Swift Network have completed a pilot of a blockchain solution to help financial institutions streamline services for tokenised assets. Swift confirmed the solution was developed under Project Guardian, overseen by the Monetary Authority of Singapore (MAS).
-
WazirX's Nischal Shetty Aims to Build India's Largest Decentralised Exchange Within 12 Months
This week, WazirX hosted a virtual town hall where founder Nischal Shetty shared that he is considering launching a decentralised exchange (DEX) to complement the existing WazirX platform. According to Shetty, a DEX could help mitigate the risks associated with centralised exchanges.
-
Argentina Rolls Out Blockchain-Based Digital IDs to Residents of Capital Buenos Aires: Details
Buenos Aires has officially become the first city in the world to have rolled out a blockchain-based digital identity system for its residents. The system is supported by Layer-2 blockchain called ZKsync.
-
Wash Trading Remains ‘Widespread’ in DeFi, Researcher Kaiko Says
The wash trading strategy used to boost the FBI-created token NexFundAI remains a common practice on decentralised-finance exchanges (dexes), and can be encountered on certain centralised exchanges as well, according to researcher Kaiko.
-
Google Search Now Supports Ethereum Name Service: Here’s What it Means
As per a fresh update, Google has fully completed the integratigration of Ethereum Name Service (ENS) into Search. Nalin Basu, product manager for Web3 at Google, was the first to confirm the development on X, explaining its utility.
-
Binance Former Chief Changpeng Zhao Commits to Blockchain Funding Following Release from US Custody
In one of his first public statements posted on X following his release from US custody, Changpeng Zhao hinted that he is looking to fund projects related to blockchain, decentralised technologies, Artificial Intelligence (AI), and biotech.
-
What Roles do Liquidity Pools Play in Decentralised Finance (DeFi): Explained
Liquidity pools are like reservoirs of cryptocurrencies locked within blockchain-based smart contracts. Anyone can become a "liquidity provider" for a DeFi protocol by depositing their crypto tokens into these smart contracts, pooling their assets alongside those of other participants.
-
India Leads in Crypto Adoption for Second Straight Year, Report Shows
India led the way in global adoption of cryptocurrencies for the second straight year, a Chainalysis report has said. It showed India ranked high on usage of centralised exchange and decentralised finance assets from June 2023 to July 2024.
-
Cardano Ecosystem Steps into Decentralised Governance Era with ‘Chang’: All Details
Cardano recently completed its Chang upgrade, granting ADA token holders the ability to participate in electing representatives and vote on development-related matters.
-
Sony Announces Layer-2 Blockchain ‘Soneium’ in Collaboration with Startale Labs
Sony is working with Startale Labs to create a layer-2 blockchain called Soneium. A blog published on the official site of Soneium said this blockchain is being designed on the basics of ‘open Internet’ to encourage the creation of decentralised landscape for entertainment, gaming, and finance sectors among others.
-
Cardano Blockchain to Get Decentralised Governance Feature Through This Upcoming Upgrade
The Cardano blockchain is set to undergo the ‘Chang’ upgrade after September 2022’s Vasil upgrade. As per the team, the Cardano community will be responsible for maintaining and shaping the blockchain network once the upgrade is completed.
-
Crypto Trading Volumes on Centralised Exchanges Reportedly Falling Due to Market Volatility
June saw a monthly decline of 21.8 percent in trading volumes of digital assets. Several macro-economic factors, including the recent slump in Bitcoin’s price, launch of ETFs, and the selling pressure from Germany’s BTC offloading, have emerged as contributors that lowered trading volumes of cryptocurrencies, as per CCData.
