Day: April 11, 2023

Shiba Inu Metaverse to Partially Launch in December 2023

Shiba Inu developers have announced that the Metaverse scheme will roll out at the end of 2023 as an “ongoing project”. According to Shiba Inu (SHIB) developers, the project’s planned metaverse will partially open by the end of 2023. Developers added that the ‘partial’ opening is because SHIB’s metaverse might not be fully completed on release. Instead, the upcoming decentralized universe will be an “ongoing project” that will keep onboarding new features and enhancements even after its projected release date. Developers pointed out that the planned 2023 Shiba Inu metaverse…

Polygon Miden founder – Cointelegraph Magazine

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ZK-rollups are the hottest thing in Ethereum right now, having seemingly appeared out of nowhere in late 2018 to fundamentally reshape the “Eth2” plan to scale via sharding alone. Zero-knowledge, or validity proof rollups, essentially perform the computations for many thousands of transactions away from Ethereum and then write a tiny cryptographic proof back to the blockchain that verifies those transactions were performed correctly. It’s much faster and cheaper than using the base layer and has the potential for virtually unlimited scaling. To an outsider, it looked like the technology…

Sei Labs Raises $30M for Trading-Focused Layer 1 Blockchain

Sei Labs contributes to the Sei blockchain, an open-source layer 1 blockchain focused on asset trading. The chain is optimized to allow decentralized exchanges and trading apps to offer users a fast, scalable user experience. Sei’s public testnet went live on March 13 and has attracted more than 3.6 million unique users in that time, according to the company. Source

US SEC seeks to expand its Crypto Assets and Cyber Unit

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Regulators in the United States have been piling on the pressure on the crypto space over the last year, even more so in light of the demise of FTX and collapse of Silicon Valley Bank. Now, according to a job posting on the official careers website for the U.S. government, the Securities and Exchange Commission is seeking to hire general attorneys in New York, New York; San Francisco, California; and Washington D.C. for its Crypto Assets and Cyber Unit in its Division of Enforcement. The Division of Enforcement – Crypto Assets…

Europe and Asia — not the US — will lead in blockchain

The US Government is putting the squeeze on crypto. Recently they shut down two banks that were friendly to crypto and acting as bridges between trading exchanges and the real world. These were Silvergate and Signature Bank of NY. These closures follow some events that might appear coordinated to some people. This includes the shuttering of the Paxos BUSD stablecoin and the NY lawsuit against Kucoin and Ethereum. One can think that these are coincidental actions against crypto, but some feel that it is similar to Operation Chokepoint — but…

Shapella could bring institutional investors to Ethereum despite risks

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Ethereum’s Shanghai/Capella upgrade — also known by the portmanteau Shapella — may not be the technical marvel of last year’s “Merge” or introduce turbocharged speeds to the network.  Volumes of over 100,000 transactions per second will have to wait for future “danksharding” upgrades, according to the Ethereum Foundation. But the hard fork remains an important step on Ethereum’s roadmap to the future, i.e., further shoring up the network’s new validation mechanism while (potentially) removing barriers for institutional investors. Currently scheduled for 10:27 pm UTC on April 12, the upgrade will…

The future of enterprise blockchain is multi-chain

Blockchain interoperability — the interconnecting of multiple networks to allow data and value to flow seamlessly — is often envisioned in the context of consumer applications. Think DEXs adding support for numerous EVM networks, or blockchain bridges linking to the next trendy DeFi ecosystem. But interoperability has far broader ramifications than allowing traders to jump chains on a whim. In fact, one of the greatest beneficiaries of the maturation of multi-chain interoperability will be enterprises. As enterprise solutions grow across industries, the need to engage with multiple chains rather than…

A16z Sees Web3 Strength in Second ‘State of Crypto’ Report

“Our 2023 report aims to address the imbalance between the noise of fleeting price movements– and the data that tracks the signals that matter, including the durable progress of Web3 technology. Overall, the report reflects a healthier industry than market prices may indicate, and a steady cycle of development, product launches, and ongoing innovation,” wrote a16z’s Daren Matsuoka, Eddy Lazzarin, Robert Hackett, and Stephanie Zinn in an blog post. Source