Category: Blockchain

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…

Animoca Brands and Subsidiaries Recognized in Top 50 Blockchain Game Companies 2024

Animoca Brands, a leader in the blockchain gaming sector, has been named in BlockchainGamer.biz’s Top 50 Blockchain Game Companies of 2024. The company secured the third position in this prestigious list, highlighting its significant influence and success in the industry. This recognition also extends to its subsidiaries, with The Sandbox ranking at #7, Blowfish Studios at #22, and nWay at #35, according to Animoca Brands. Significant Achievements in Blockchain Gaming Animoca Brands has consistently demonstrated its prowess in developing and publishing innovative blockchain-based games. The…

IOTA Awards $2.36 Million in Grants to 20 Blockchain Projects

The IOTA Foundation has awarded $2.36 million in grants to 20 blockchain projects as part of its ongoing IOTA Grants program, according to the IOTA Foundation Blog. The initiative aims to foster innovation within the IOTA ecosystem by providing financial support to a diverse range of projects. Grant Program Overview Since the last update, the IOTA Grants program received 82 applications, out of which 20 were selected for funding. The total awarded amount stands at $2,365,000, supporting projects across various categories including decentralized exchanges (DEX),…

Bitfinex Lists AIOZ Token, Enhancing Blockchain-Based Media Solutions

Bitfinex, a leading digital asset trading platform, has announced the listing of AIOZ, the native token of AIOZ Network. This move, revealed on June 11, 2024, bolsters the platform’s commitment to supporting innovative blockchain projects. About AIOZ Network AIOZ Network is a decentralized platform leveraging blockchain technology to enhance AI, storage, and streaming services. The network aims to transform digital media by providing decentralized solutions, thereby creating a more efficient and scalable ecosystem. Recent collaborations, such as the partnership with Alibaba Cloud, underscore AIOZ’s real-world…

Sui Foundation Supports University Research on Blockchain Scalability, Privacy, and AI Tools

The Sui Foundation has announced the recipients of its fourth cohort of Sui Academic Research Awards, providing funding to 20 research teams from prestigious universities such as UC Berkeley, Yale, NYU, EPFL, and the National University of Singapore. This initiative aims to advance blockchain technology, smart contract programming, and products built on the Sui platform, according to The Sui Blog. Zero-Knowledge Proofs and AI-Based Tools Among the funded projects is Fan Zhang’s research at Yale University, which focuses on enhancing zero-knowledge proof (zk-proof) generation through…