Created by Web3 innovation studio Venture Punk, Prohibition allows any artist to create generative art on-chain, utilizing the Art Blocks Engine. Source
Digital Art Platform Prohibition Taps Arbitrum to Democratize Generative Art
Day: July 18, 2023
Web3 Innovation Studio Venture Punk Releases Arbitrum-Based Generative Art Platform
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Venture Capital Funding to Web3 Plummets 76%, Crunchbase Report Shows
Web3 was defined by Crunchbase as cryptocurrency and blockchain startups, which have been hit hard by the ongoing crypto winter. While VC funding has slowed overall, with Crunchbase reporting an 18% drop across all sectors in the second quarter of 2023, crypto-related funding has had a much steeper decline. Meanwhile artificial-intelligence (AI) startups have become the new shiny object for investors, seeing $25 billion in funding in the first half of 2023. Source
Oasis launches Ethereum-compatible privacy blockchain Sapphire
Decentralized applications could tap into improved privacy features as blockchain firm Oasis launches its confidential EVM-compatible blockchain Sapphire. Sapphire and the Oasis Privacy Layer (OPL) are now live, allowing existing decentralized applications (DApp) on Ethereum Virtual Machine (EVM) networks to make use of the blockchain’s privacy-first features without having to carry out cross-chain swaps for respective tokens. Cointelegraph reached out to Oasis to unpack the core components of the Sapphire blockchain and how it could help drive cross-chain Web3 development focused on privacy features for smart contracts. Oasis Foundation director…
Valkyrie ‘BRRR’ spot Bitcoin ETF enters SEC’s Nasdaq rulemaking list
The United States’ Securities and Exchange Commission (SEC) has accepted Valkyrie’s Bitcoin (BTC) exchange-traded fund (ETF) proposal for official review. According to data from the SEC’s Nasdaq rulemaking list, Valkyrie’s proposal for its spot Bitcoin ETF entered the official docket on July 17. Valkyrie’s listing on the docket is the second spot Bitcoin ETF proposal being considered by the SEC. It came just a few days after the SEC published BlackRock’s spot Bitcoin ETF proposal on July 13. Spot Bitcoin ETF proposals for listing on Nasdaq. Source: SEC The filing…
SEC To Assess Valkyrie’s Spot Bitcoin ETF Application
The Securities and Exchange Commission added Valkyrie’s spot Bitcoin ETF application to its official docket, signaling an official review of the filing. Other institutions and the public have 21 days to submit their comments on the possible impacts of Valkyrie’s filing, per the commission’s deadline. Valkyrie refiled its Bitcoin exchange-traded fund application after wall street titan BlackRock submits its own application on June 15. The asset manager named Coinbase as its surveillance partner in a July 5 filing after the SEC deemed previous submissions inadequate. The Federal Register of the…
Social Media Celebrity Influencer Crypto Promotions May Breach UK Law Even if They’re Not Paid, Financial Conduct Authority Says
If they communicate financial promotions without approval of an authorized person, they are likely to be “communicating an illegal financial promotion,” the FCA said. Influencers who fall within the scope of the FCA rules would need to make sure that their promotions are fair and not misleading. Source
Internet Computer will be a key alternative to AWS-like services
The Web 3.0 ecosystem is built on the principles of decentralization, however, most of the aspects of the ecosystems are quite centralized. Be it metaverse servers, or nonfungible tokens (NFTs), even several blockchain ecosystems are entirely based on centralized servers like Amazon. Thus, these ecosystems face several vulnerabilities that come along with the centralization. However, Dominic Williams, founder of Dfinity, believes Internet Computer can change that for good. In a conversation with Cointelegraph journalist Zhiyuan Sun during the Ethereum Community Conference (EthCC), Williams explained that with the use of smart…
Golden Inu’s ERC-20 token launches on Uniswap, rallies 20%
Golden Inu has listed its ERC-20 GOLDEN token on Uniswap, a decentralized exchange. The platform offers a dual-token ecosystem that adds “a touch of seriousness” to the meme coin sphere. Launch on Uniswap The launch of Golden Inu on Uniswap follows a successful crowdfunding that raised nearly $338,000 for development. Within 24 hours, the token gained approximately 19%, reaching its all-time high of $0.00000000001. Over 80 traders bought coins on launch day, pointing to interest from investors who might want to hold the token in the long haul. Currently, over 833 wallet…
Coinbase Earn Is Particularly Vulnerable to Being Defined as a Security: Berenberg
The crypto exchange is still faced with significant regulatory challenges, the report said. Source