Day: April 20, 2023

Web3 interoperability highlighted in Radix

boss

Web3 interoperability is important to building a decentralized ecosystem that is scalable, secure and provides a seamless user experience.  Radix, a Layer-1 protocol, has partnered with LayerZero, an interoperability protocol, to integrate LayerZero with the Radix Babylon public network. The integration encourages cross-chain communication and asset transfers to the Radix ecosystem, benefitting both platforms and their users. Web3 interoperability refers to the ability of different decentralized applications (DApps) and blockchain networks to communicate with one another. Put simply, interoperability is the state where blockchains can listen to each other, allow…

OP Token Shoots as VC Giant Andreessen Horowitz Starts Working on New Client for Optimism

VC giant Andreessen Horowitz noted that more systems will help in offering more robust decentralization for the Optimism platform. On Wednesday, April 19, the crypto wing of the venture capital firm Andreessen Horowitz (a16z) announced its blockchain infrastructure plan of working on a roll-up client for Optimism (OP) dubbed Magi. This helped Optimism’s native OP token to recover from the broad market sell-off on early Wednesday. Yesterday, the Optimism (OP) token price jumped all the way to $2.70. As of press time, the OP token was trading 1.27% down at…

Shiba Inu and Dogecoin Rival That’s Exploded Over 250% Year-to-Date Gets Listing on Top Crypto Exchange

boss

A major crypto exchange is listing a meme token rival of Shiba Inu (SHIB) and Dogecoin (DOGE) after exploding by more than 250% this year. According to a new announcement, KuCoin is listing Baby Doge Coin (BABYDOGE) on its trading platform Wednesday with withdrawals enabled the following day. “KuCoin is extremely proud to announce yet another great project coming to our trading platform. Baby Doge (BABYDOGE) will be available on KuCoin. The supported trading pair is BABYDOGE/USDT.” The lesser-known dog-themed meme coin closed 2022 at $0.000000000924 and is currently trading at…

Sotheby’s to auction seized 3AC’s NFT collection

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Popular auction house Sotheby’s will be selling an “unparalleled collection” of non-fungible tokens (NFTs) that was acquired by bankrupt crypto hedge fund Three Arrows Capital and later seized after the company collapsed.  Sotheby’s is set to auction a digital art collection called “Grails”, which features “some of the rarest and most important works” from notable NFT artists, as stated in a press release. The artworks in the collection will be offered globally via live auctions, private…

Imagining the Future AI and Web3 Can Build

Moreover, AI assistants like ChatGPT, already adept at processing natural language, could be expanded to build people’s online reputations. AI tools will soon be able to curate unique NFT art collections tied to a user’s digital ID, which reflect someone’s personal or professional achievements – like a comprehensive LinkedIn page that follows users everywhere online. Unstoppable Domains, for instance, has already integrated ChatGPT into its search bar, offering an AI partner to help shoppers brainstorm creative Web3 domain ideas. Source

Terra co-founder Do Kwon reportedly indicted for document forgery

boss

Prosecutors in Montenegro have reportedly issued the indictments to Terra co-founder Do Kwon after arresting the executive in late March. The Prosecutor’s Office of the State of Podgorica has indicted former Terraform Labs co-founder and former CEO Kwon for forgery of legal documents, the Korean industry-focused news agency Block Media reported on April 20. The charges came a few weeks after Kwon was arrested on March 23 while trying to board a private plane from Podgorica Airport — the capital of Montenegro — to Dubai. He specifically used fake documents…

Coinbase to Open Derivatives Exchange in Bermuda Next Week

Coinbase received its license to operate in Bermuda on April 19th. The action was taken to keep up with the company’s campaign for “global scale to go broad and deep”. Coinbase plans to launch a coastal derivatives exchange in the next week, after it acquired a license to function in Bermuda from the Bermuda Monetary Authority. Coinbase applauded Bermuda as an excessively reputed and professional financial regulator in its announcement. Coinbase had long been looking to inaugurate an offshore medium to trade perpetual swaps tied to crypto tokens, according to…

The European Parliament adopts crypto-focused MiCA legislation

boss

After two consecutive delays, the European Parliament has conducted the final vote on the Markets in Crypto-Assets Act, known as MiCA. Now the legislation, introduced for the first time back in 2020, needs approval from the European Council before becoming effective regulation. On April 20, immediately after voting, MiCA’s rapporteur and member of the European Parliament, Stefan Verger, called MiCA “A milestone for the crypto asset industry.”  Habemus MiCA! Das EU-Parlament hat die #Regulierung angenommen. Ein Meilenstein für die #Krypto-Asset-Industrie. Danke an alle Kollegen und auch für den ganzen Support…

Tornado Cash dev Alex Pertsev set to be released from prison under surveillance

boss

Tornado Cash developer Alex Pertsev is set to be released from jail after spending nearly nine months in prison. Pertsev was arrested in August last year by Dutch authorities on suspicion of being involved in money laundering through the crypto mixing service Tornado Cash. Cointelegraph confirmed the news with the people familiar with the matter, and Pertsev is all set to be back home by April 26, which also happens to be his birthday. The suspended release under surveillance means the jailed Tornado cash developer can Jail can await trial from home.…