Category: Blockchain

Bitfinex Lists LayerZero’s Native Token ZRO, Enhancing Blockchain Interoperability

Bitfinex, a premier digital asset trading platform, has announced its latest listing addition, ZRO, the native token of LayerZero. This move positions Bitfinex among the first exchanges to support the token, according to a recent media release from the company. LayerZero’s Mission and ZRO Token LayerZero is a pioneering cross-chain protocol that aims to facilitate seamless interaction for decentralized applications across multiple blockchains. The introduction of the ZRO token is a significant step toward enhancing this ecosystem, offering users new avenues for engagement and innovation.…

Circle Launches Credits Program to Support Blockchain Developers

Circle has announced the launch of its new Credits Program, aimed at supporting developers working on blockchain applications by minimizing associated costs, according to Circle. Introducing the Circle Credits Program The Credits Program provides financial assistance to developers by offering credits that can be used to pay for various Web3 Services. These include Programmable Wallets monthly fees, Smart Contract Platform API calls, and Gas Station fees. This initiative is intended to alleviate the financial burden of deploying blockchain applications, which typically incur transaction fees known…

Infineo Mints $9M of Policies on Provenance Blockchain

Infineo, a company that focuses on blockchain-based life insurances, said Tuesday that it has transferred the “first-ever” tokenized life insurance policy on distributed ledger system. The firm minted a total of $9.4 million worth of policies using the Provenance network, according to a press release reviewed by CoinDesk. Source link

SUI: SuiNS Adopts @ Symbol for Streamlined Blockchain Identity

SuiNS has introduced a significant update to its naming standard, transitioning from the .sui extension to the @ symbol. This change aims to simplify blockchain identity management and enhance user experience across Web2 and Web3 platforms, according to The Sui Blog. Introducing SuiNS’ New Naming Standard The shift from .sui to @ is designed to make usernames more intuitive and user-friendly. This change aligns with common Web2 conventions, allowing users to maintain a consistent identity across various platforms. For example: chris.sui becomes @chris …

Crypto Funds Fueling Swedish Neo-Nazis, Blockchain Probe Reveals

The veil of anonymity often touted as a benefit of cryptocurrency has backfired spectacularly for extremist groups. A new report by blockchain forensics firm Chainalysis reveals that the Nordic Resistance Movement (NRM), a white supremacist organization designated as a terrorist group by the US Treasury, has been using crypto donations to fund its activities for nearly a decade. Traces Of Dirty Money On The Blockchain Based on the study by Chainalysis, the NRM, established in Sweden in 1997, actively solicited cryptocurrency donations since at least 2015. This tactic likely arose…

Hunters On-Chain Revolutionizes Blockchain Gaming with NFT Integration

Hunters On-Chain, a blockchain-based battle royale game, is making waves in the gaming world by offering players true asset ownership through non-fungible tokens (NFTs), according to immutable.com. Enter the Hunting Grounds In Hunters On-Chain, players take on the role of elite Hunters tasked with capturing mythical creatures. Each playable Hunter is an NFT, which can be acquired through initial minting, the marketplace, or summoning. With 40 unique classes, players must strategically collect the right Hunters and choose their battles wisely to succeed. The game features…

BNB Chain and Binance Labs Unveil BNB Incubation Alliance to Boost Blockchain Innovation

BNB Chain and Binance Labs have announced the launch of the BNB Incubation Alliance (BIA), a strategic initiative aimed at accelerating the growth of early-stage blockchain projects. The alliance will collaborate with leading venture capitalists, incubators, and developer communities to foster innovation in the blockchain space, according to the BNB Chain Blog. How the BNB Incubation Alliance Works The BNB Incubation Alliance will organize global events to support promising early-stage projects. These events will be primarily offline and will feature a selection process managed by…

Manta Foundation Unveils $50M EcoFund to Foster Blockchain Innovation

The Manta Foundation has announced the launch of its $50 million EcoFund, aimed at cultivating a robust ecosystem for leading blockchain projects, according to Manta Network. This initiative comes as part of the foundation’s commitment to providing funding opportunities and developer support to innovative projects within the blockchain space. Funding and Support Opportunities The EcoFund, which is set to run for one year starting June 15th, offers substantial financial support through its Ecosystem Grant Program. The program is designed to empower early-stage projects with grants…

Understanding Zero-Knowledge Proofs: A Deep Dive into Blockchain Privacy

Zero-knowledge proofs (ZKPs) have become a cornerstone in the realm of blockchain security, offering a way to verify the validity of a statement without revealing any additional information. Originating from a 1985 academic paper, ZKPs have evolved to play a crucial role in enhancing privacy and security in blockchain applications, according to Chainalysis. What is a Zero-Knowledge Proof (ZKP)? A zero-knowledge proof is a cryptographic method that enables one party (the prover) to convince another party (the verifier) of the truth of a statement without…

Fireblocks Integrates Celestia to Enhance Blockchain Capabilities in Cosmos Ecosystem

Fireblocks has partnered with Celestia, a modular blockchain within the Cosmos ecosystem, to enhance the integration and scalability of blockchain networks. The collaboration aims to simplify blockchain development, thereby making it more accessible and scalable, according to Fireblocks. Celestia’s Modular Approach Celestia’s innovative modular approach focuses on separating consensus and data availability from execution layers. This design allows developers to build customizable blockchain applications, optimizing for specific use cases. By utilizing the Inter-Blockchain Communication (IBC) protocol, Celestia facilitates seamless integration among various blockchain networks within…