Advanced Blockchain Technologies
Web 3.0 startups’ latest backer is a US$150 mln fund from Cosmos founders
The fund aims to support and speed up the time-to-market of early-stage projects that have already initiated development.
Monika Ghosh
Contributor
Monika Ghosh
Monika is a tech journalist. She is an avid reader fascinated by classic English literature and enjoys painting and cooking. When her head is not buried behind a book, she writes about technology like cryptocurrency, blockchain, AI and more.
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Advanced Blockchain Technologies
Ethereum PoS move is now being tested on a mainnet shadow fork
A shadow fork of the Ethereum mainnet went live on Tuesday, bringing it a step closer to the transition from proof of work (PoW) to a proof-of-stake (PoS) consensus mechanism for the Ethereum 2.0 upgrade. See related article: Can Ethereum’s proof-of-stake transition save the planet? Fast facts The Ethereum Foundation is currently working on a […]
Monika Ghosh
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Blockchain Security
Twitter hacker takes over verified accounts to promote fake Azuki NFT drop
India’s Ministry of Education was one of the latest victims in a series of hacks against verified Twitter accounts promoting fake Azuki non-fungible token (NFT) airdrops. See related article: Azuki spikes past Bored Apes in daily sales Fast facts India’s University Grant Commission (UGC), which has more than 295,000 followers on Twitter, was hacked on […]
Monika Ghosh
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Altcoins
Terra buys US$200 mln AVAX to back UST, promote cross-chain development
Terraform Labs (TFL) and the Luna Foundation Guard (LFG), the non-profit behind the Terra ecosystem, have acquired US$200 million worth of Avalanche’s AVAX tokens, diversifying its TerraUSD (UST) reserves beyond Bitcoin. See related article: Terra’s US$10 billion Bitcoin Bet Sends LUNA to Record High Fast facts LFG purchased US$100 million worth of AVAX using UST […]
Monika Ghosh
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NFT Marketplaces
Solana NFT sales drop by 21% after OpenSea integration
Non-fungible tokens (NFTs) on the Solana blockchain have been officially docked on OpenSea but sales have dropped by over 21% in the past 24 hours. See related article: OpenSea’s Solana NFT integration, long rumored, is now real Fast facts While Ethereum continues to host the largest number of NFTs, Solana proponents argue that it is […]
Monika Ghosh
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Altcoins
FTX, Tiger Global invest $350M in Near protocol
Near protocol, a smart-contract enabled layer 1 blockchain, has bagged US$350 million in a funding round led by Tiger Global. See related article: Polkadot is top crypto held by VCs and hedge funds in Q4 2021 Fast facts FTX Ventures, Republic Capital, Hashed, and Dragonfly Capital participated in the funding round led by Tiger Global. […]
Monika Ghosh
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Altcoins
Waves’ Neutrino USD loses peg amid price manipulation allegations
Since March 31, WAVES' price has dipped more than 45% while the ecosystem’s native stablecoin USDN has been knocked off its dollar peg.
Monika Ghosh
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Altcoins
BNY Mellon to become custodian for USDC reserves
Circle has selected one of America’s oldest banks, BNY Mellon, as the primary custodian for the world’s second-largest stablecoin USDC’s reserves. See related article: USDC to be 100% backed by cash, US Treasuries Fast facts USDC issuer Circle chief Jeremy Allaire had claimed the stablecoin became 100% backed by cash and short-term treasury bills after […]
Monika Ghosh
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Altcoins
Wormhole to bridge Polkadot, Kusama to Ethereum, Solana
Polkadot parachain Acala and its Kusama-based counterpart Karura are integrating with cross-chain bridge Wormhole, bridging its decentralized finance (DeFi) ecosystems with eight major Layer 1 blockchains. See related article: Polkadot is top crypto held by VCs and hedge funds in Q4 2021 Fast facts The Wormhole integration will bridge Acala and Karura to Ethereum, Solana, […]
Monika Ghosh
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Advanced Blockchain Technologies
Can Ethereum’s proof-of-stake transition save the planet?
Ethereum’s transition to proof-of-stake promises to dramatically lower energy consumption, curbing greenhouse gas emissions that would require an annual offset by a forest roughly the size of Belgium.
Monika Ghosh
