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When AI and Blockchain Merge, Expect the Mundane at First
Month: June 2023
Subsocial chat program implements Ethereum usernames, Polygon donations
Grill.chat, a chat app based on the Subsocial network, has now implemented Ethereum Virtual Machine (EVM) wallet compatibility, allowing users to chat using their Ethereum identities and send crypto to each other via Polygon, according to a June 7 announcement. Subsocial is a Polkadotย parachain designed for social media applications. Grill.chat allows users to participate in over 70 chat rooms focused on mostly crypto-related topics. The development team seeks to attract new Web3 projects to build their communities on the platform. Polkadot Decoded chat room on Grill.chat. Source: Grill.chat The integration…
Coinbase Shares Are Uninvestable in the Near Term: Berenberg
The investment bank cut its price target on the stock to $39 from $55. Source
How Crypto Can Fix Its Image Problem
Thereโs irony in cryptoโs need to turn around its image. The whole point of its core technology is that one need not trust the person theyโre dealing with; because blockchains are โtrustless,โ thereโs no intermediary who could tinker with or block a transaction. So, in theory, there should be no capacity for bad actors to do harm, which means there should be no image problem. Source CryptoFixImageProblem CryptoX Portal
World Mobile eyes African rollout after decentralized wireless field tests
Decentralized wireless (DeWi) network operator World Mobile said on June 8 it has completed field tests of its DeWi technology in Kenya, Mozambique, and Nigeria, bringing it closer to a full rollout across the African continent, the company said in the announcement. World Mobile, which aims to offer affordable and reliable internet access to rural areas that are traditionally under-served, said the tests in Kenya and Mozambique were carried out using TV White Space equipment, employing unused spectrum in the TV broadcast band to provide mobile network services. In Nigeria,…
Providing Regulatory Clarity (Binance and Coinbase Edition)
The SEC sued Binance and Coinbase this week, presenting the industry with both further analysis on why it thinks certain cryptocurrencies are securities and its biggest test to how cryptos may be regulated in the U.S. going forward. Source
Are DAOs Doomed to โDecentralization Theaterโ?
Consensus 2023 guests highlighted their concerns over ‘decentralization theater’ in DeFi projects, emphasizing the importance of genuine decentralization in the development of the Web3 ecosystem Source
Aave-Developed Lens Protocol Raises $15M to Expand 'Social Layer' of Web3
Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan and Polygon co-founder Sandeep Nailwal joined the round as angel investors. Source
๐ 6 Questions for Thiago Cesar of Transfero
Thiago Cesar is the 34-year-old co-founder of Transfero, a company helping to make crypto more accessible for Brazilians with BRZ, the first stablecoin pegged to the Brazilian real. Cesar grew up in southern Brazilโs Pindamonhangaba municipality, before making the 90-mile trek to Sao Paulo for college. He graduated from Fundaรงรฃo Armando Alvares Penteado, and it wasnโt long, Cesar says, before he became infatuated with Bitcoin as a graduate student at the University of London. โBy 2014, Iโd been convinced that Bitcoin and cryptocurrencies in general were going to be a…
Bitcoin payments exec shares adoption challenges in the Philippines
As many developments within the space show how far the Bitcoin (BTC) community has come, an executive from a BTC payment provider shared how in other parts of the world, adoption may still be in its early stages.ย At the BTC Prague event, Cryptox reporter Joseph Hall interviewed Ethan Rose, the founder of Pouch, a wallet service that supports the Bitcoin Lightning Network in the Philippines. The duo spoke about the state of adoption in the country and how the Pouch team is trying to introduce Bitcoin to merchants on…