Helium network, which launched its mainnet in 2020, is a notable early example of a community-driven wireless network that rewarded its citizen-network-suppliers significantly while reducing costs and increasing accessibility for users (in certain geographies anyway). Its Helium Mobile offering, while still augmented by TMobile, continues gaining traction and was recently cited to have 335,000 subscribers. Many are also familiar with early decentralized storage networks such as Filecoin, Storj, and Arweave, which are becoming more essential to the advancement of AI due to their scalability, cost efficiency, and decentralization. Source
Category: ICO
Blockchain Celestia Braces for Price Volatility for TIA Amid $900M Token Unlock
“There could be some pronounced effects,” David Shuttleworth, partner at Anagram, told CoinDesk, noting that the amount of tokens being unlocked is multiple times larger than the average daily trading volume between $50 million and $200 million over the past month. “The broader timing, however, is favorable,” he added, with bitcoin (BTC) trading near all-time highs and other majors including ether (ETH) and solana (SOL) also performing well. Source
DYdX CEO Juliano Fires 35% of Workforce and Promises Pivot
“The company we’ve built is different from the company dYdX must be,” said the CEO. Source
President Biden Thanks Nigerian President for Binance Exec’s Release: White House
Gambaryan, head of financial crime compliance at Binance, was released on humanitarian grounds last week, eight months after he was first taken into Nigerian custody and subsequently charged with money laundering and tax evasion as a proxy for his employer, which the Nigerian government accused of tanking the value of the naira. The Nigerian government has since dropped both charges against Gambaryan, though Binance still faces tax-evasion charges in the country. Source
DWF Labs Fires a Partner After Drink-Spiking Allegations
DWF Labs Fires a Partner After Drink-Spiking Allegations Source
Coinbase (COIN) Q3 Earnings May be Hurt by Lower Trading Volume, Regulatory Uncertainty, Analysts Say
Ether, the second-largest cryptocurrency by market cap, has been trading in the rough range of $2,330 to $2760 since August, with the current price at $2624 as of press time. In the months from April to June, that range was much higher, at $3,503 to $3,368. Source
Solana-Based RWA Platform AgriDex Taps Stripe-Acquired Bridge for Cheaper Crypto Onramp for Agricultural Businesses
Henry Duckworth, co-founder and CEO of AgriDex, said that growing up in Zimbabwe where waves of currency devaluation has plagued the country’s economy and his experience as a commodities trader at trading behemoth Trafigura inspired him to build AgriDex to streamline cross-border payments for agricultural goods producers. Source
Bitcoin (BTC) Miner HIVE Digital (HIVE) Expected to Double Its Hashrate in the Coming Year, Initiate at Overweight: Cantor
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Kraken Picked Optimism's 'Superchain' After Getting a Pile of OP Tokens
Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism’s OP Stack blockchain framework. CoinDesk is first to report that the deal was reached early this year, involving a grant of 25 million OP tokens, at the time worth roughly $100 million. Source
MetaMask Maker Consensys Cuts 20% Workforce, Faults SEC’s ‘Abuse of Power’
Consensys, one of the main supporters of the Ethereum network, is laying off 20% of its workforce, blaming broader macroeconomic conditions and ongoing regulatory uncertainty, including the Securities and Exchange Commission’s (SEC) “abuse of power” in the space. Source