Web 3 browser Opera has integrated with decentralized finance (DeFi) trading platform DeversiFi to bring a Layer 2 Ethereum to its users. Source
Web 3 Browser Opera Integrates With Ethereum Layer 2 Exchange DeversiFi
Day: February 23, 2022
Cosmos Builder Tendermint Rebrands to ‘Ignite’ as Team Shifts Focus
Ignite says it’s now a “product-first” company focused on the development of its Cosmos portfolio manager and blockchain development platform. Source
Fast Break Labs Raises $$6M in Seed Funding Round
Web 3 fantasy sports game from Fast Break Labs also saw investment from League of Legends developer Riot Games’ Thomas Vu. Source
China’s Zhejiang Province Implements Punitive Electricity Prices for Crypto Mining
The eastern Chinese province of Zhejiang said it is introducing punitive electricity prices for crypto miners, following in the footsteps of the Hainan province and Inner Mongolia region even as authorities work to eliminate the industry, which was banned last year. Source
Morgan Stanley Says Bitcoin Cannot Escape Energy Requirements
Mining for cryptocurrencies can be highly energy intensive, with bitcoin mining alone requiring the same amount of electricity as the Netherlands’ annual total power generation, or 0.5% of total global electricity consumption, Morgan Stanley said in a report entitled “ESG Considerations.” Original
Crypto community welcomes Ethereum zkSync testnet
zkSync, a provider of zero-knowledge blockchain solutions, has announced the successful deployment of its Rollup protocol on the Ethereum (ETH) testnet. The deployment is seen as a positive development by proponents of Ethereum, as it removes the need for human operators to validate transactions. Last year, the creators of zkSync described their vision for a permissionless, Turing-complete rollout that allows decentralized applications (DApps) to be deployed in a low-cost and scalable layer-2 environment. Users will supposedly have “a better” experience on this network, according to the official announcement by Matter Labs. One…
Congo Based Startup Jambo Raises $7.5 Million in Seed Funding Round – Fintech Bitcoin News
A Congo-based Web3 app developer, Jambo, recently said it raised $7.5 million in a seed funding round. According to a report, the startup’s successful seed round is the latest by an Africa-based firm that is working towards developing Web3. Startup’s Partnership With Social Media Companies Jambo, the Congo-based developer of a Web3 app, has raised $7.5 million in seed funding, a report has said. Parties that participated in the funding include Coinbase Ventures, Three Arrows Capital, Alameda Research, Tiger Global, Delphi Ventures, Alliance DAO, Defiance Capital, Yield Guild Games, and…
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Tackling Ethereum Problems at ETHDenver
Running an Ethereum validator is not a household activity for most. The upfront cost of 32 ETH is now about $85,000, and it peaked at over $150,000 at the top of last year’s cycle. Furthermore, validators have to lock their ether for an unknown amount of time, adding further uncertainty to a rather large investment. This is not to say that nobody is interested in staking ether, as there are almost 300,000 active validators locking 8% of the ether supply. Source
Total stablecoin supply hits $180 billion: Report
Move aside Bitcoin (BTC), stablecoins are holding the spotlight. Crypto research outlets Arcane Research and CryptoRank confirm that the stablecoin supply has hit the milestone amount of $180 billion. The growth in stablecoins continues to outpace the rest of the market, up 6% in the past 30 days. In times of market volatility, stablecoins can offer price stability, backed by specific assets or algorithms. Source: CryptoRank Over the month of February, three stablecoins entered the top 10 coins by market capitalization as Binance USD (BUSD) briefly entered. According to Arcane Research,…