Tag: blockchain companies

Sep 19 2021

Wallfair CANCELS its EVNT Tokens along with other Radical Changes…Stay Away?

Most cryptocurrency companies often have rough starts when they first hit the markets. Harsh criticism and negative comments get in the head of investors, driving them away. On the other hand, it is the company's commitment to its original promise that keeps investors' minds at ease. In Wallfair's case, empty promises have been made over and over. Many milestones were changed,...

Sep 14 2021

Solana To Be “Restarted” By The Validator Committee After Several Hours Downtime

It's a difficult day for Solana as the smart contracts blockchain encountered "excessive load and memory consumption" which caused repeated network forks and nodes going offline, during a significant event starting on Sep 14 and still continuing, after bots spammed the network with high number of transactions, bringing the network down. Currently, the...

Sign In With Ethereum – The Unified Login Interface For Web3?

Spruce - an open source digital decentralized identity solutions provider announced on Sep 13 that it’s proposal submitted to the Ethereum Name Service (ENS) for working on a standard “Sign In with Ethereum” has been accepted and the company will now proceed to work on this new login interface for Web3. The company announced that it has “already begun delivery on the best...

Sep 03 2021

Coinbase Would Soon Integrate Ethereum Scaling Solutions

Coinbase team recently published a blog post titled Coinbase Protocol Team Advances Crypto Community and announced that they would be integrating the Ethereum L2 scaling solutions soon on Aug 27. Ethereum scaling efforts have been...

BlockMark Gems – A Review Of The First Gems NFTs On The Blockchain

NFT archaeology just keeps digging up new projects, previously forgotten and lost in the not so old but rich blockchain history. It also means that we keep finding out the “firsts” in every NFT sub-genre. In this article, we are going to discuss the first gems NFTs on the blockchain (highly likely). Meet BlockMark Gems on the Ethereum blockchain....

Arbitrum One Beta Publicly Launches To Bolster Ethereum Scaling

In a major development for Ethereum scaling, Arbitrum One has launched it’s beta product on the Ethereum mainnet on Sep 01. The Ethereum blockchain has gotten congested lately and the launch will bring a much needed relief to the DApps users. Arbitrum One has long had interest from major developers on Ethereum and several have already migrated their products onto the L2...

Aug 24 2021

Curio Cards NFT Complete Set Is Coming To Christie’s Auction!

Curio Cards - the first known NFT art collection on the Ethereum blockchain is finally coming to Christie's auction as the "NFT Guy at Christie's" Noah Davis announced that the complete card set auction is going to be held on Oct 01. This will be the third iconic collection to be featured at a Christie's auction after Beeple and CryptoPunks. Christie's is a...

Aug 23 2021

Visa Acquires CryptoPunk# 7610 In Historic NFT Deal

Global payment processor Visa reported that it has acquired the CryptoPunk # 7610 - a female punk to add to it's historical collection on Aug 23. The addition cements the mainstream adoption of NFTs as a commerce tool and Ethereum as the base NFT...

Aug 20 2021

Ethereum Scaling: Polygon Adds To It’s Full Stack Scaling

Polygon is moving past it’s Plasma solution and the leading Ethereum scaling solution announced on Aug 13 that it has acquired Hermez by allocating $250M in MATIC tokens. This acquisition will add to the Polygon full stack Ethereum scaling strategy, which means that Polygon will employ multiple techniques to reduce tx confirmation times and tx fees. Hermez is an Ethereum...

Aug 18 2021

1inch Joins The Ethereum L2 Through Optimism Onboarding

The Ethereum Layer 2 season is underway as major scaling solutions are being deployed and core DeFi protocols are trying to onboard them in a bid to scale the Ethereum blockchain and provide low cost / fast processing txs. The latest to join the party is the liquidity aggregator 1inch as the leading decentralized exchange...

Aug 16 2021

Ethereum Staking: Hardware Wallet Ledger Joins

Ledger - the maker of popular hardware wallet Nano series announced on Aug 13 that it now supports Ethereum staking though Lido Finance. It allows the hardware wallet owners a unique...

Aug 14 2021

Circle USDC Begins Paperwork To Become Digital Currency Bank

Circle announced that it has started the paperwork to become approved as a federally chartered digital currency bank after seeking a merger with Concord Acquisition Corp on Aug 09. According to the official blog, the well known USDC stable coin issuer has it’s eyes set on a full-reserve national...

Aug 10 2021

BitMEX Settles For $100M With US. Authorities, Will Ban US Residents From Trading

BitMEX - the leading centralized crypto derivatives exchange announced that it's out of the hot waters as it was successful in reaching a $100M settlement with the U.S. regulators - specifically the Commodity Futures Trading Commission (CFTC) and Financial Crimes Enforcement Network (FinCEN)...

Jul 24 2021

Uniswap Front End “Delisting” Of Problematic Tokens Highlights Centralization Dangers

Uniswap sparked a new debate about decentralization after it delisted a couple of assets or tokens from it's front end on July 24. The move likely resulted from regulatory uncertainty and appears to be based on legal advice to safeguard the team from any future troubles. These restrictions apply on the "official"...

Jul 23 2021

Fidelity Digital Assets Crypto Survey: Institutional Hordes Are Coming

In a press release on July 20, Fidelity Digital Assets painted a severely hopeful picture of the crypto-investments environment and the future value of this new assets class. It referred to it’s survey conducted as part of it’s “2021 Institutional Investor Digital Assets Study”. According to Fidelity’s...

Reddit Goes Arbitrum L2 To Scale Community Points Program

Reddit announced that it has chosen Arbitrum L2 - an Ethereum based scalability solution featuring roll ups to scale it’s community points program on July 22. It will operate first on the Rinkeby testnet, before being implemented on the Ethereum mainnet itself. Since Reddit has...

THORChain Hacked For $8M Again, Whitehack Suspected

THORChain suffered another hack for $8M, exactly six days after the last hack on July 23. The team announced on their Twitter handle that it was a sophisticated attack on the Ether (ETH) router and the exploit was self- limited, hinting at a white hack episode - which means that it wasn't a malicious entity who executed the hack, but rather someone who wanted...

Jul 21 2021

Maker DAO Switches To Complete Decentralization

Maker DAO - the leading collateralized stable-coin project announced on July 20 that it has successfully completed the transition to a decentralized autonomous organization (DAO) structure and the current Maker DAO foundation is all set to dissolve in the coming months, former CEO Rune Christensen said in a post titled...

OpenSea Announces Fresh $100M Funding Round And Polygon Support

In an encouraging news for NFTs, the leading marketplace OpenSea announced on July 20 that it has successfully secured a $100M funding round led by Andreessen Horowitz. It brings the OpenSea...

Jul 20 2021

Grayscale Launches DeFi Fund For Institutional Investors, What’s Contained?

Grayscale Investments announced the launch of it's DeFi Fund for institutional investors in a collaboration with CoinDesk Indexes on July 19. It will allow investors exposure to multiple DeFi heavyweight / blue chip...

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