Category: ICO

Blockchains Are Revolutionizing Public Goods Funding

I started drafting my talk, explaining how money powers incentives and therefore powers how world-changing innovation enters the world. When government funding for research took off in the 1950s, it led to breakthroughs in science, medicine and technology. Similarly, the growth of venture capital over the past few decades, led to the acceleration of startups and innovative companies. My argument: crypto is powering a bottoms-up scalable way of distributing funding into areas that need it most. At least, this is the hope. However, trying to find mainstream, tangible examples has…

Consensys Helps Decentralize Hollywood With Film.io and VillageDAO Partnership

“Film.io is a decentralized community that filmmakers can build around their own film project and really choose their own path,” said Hertz in an interview. “They can seek funding, distribution, as well as assistance from the community in developing their project, whether it’s improving the idea or even getting assets recreated, like movie posters or things like that, doing it In a decentralized way.” Source

NEAR Foundation Forms Nuffle Labs With $13M in Funding

“As an independent entity, Nuffle Labs will now be able to make agile decisions, ensuring that NEAR Modular products remain competitive,” the announcement said. “Strategically positioned between the NEAR Foundation, Ethereum, and EigenLayer ecosystems, Nuffle Labs will leverage strengths from multiple platforms to enhance efficiency and resilience in the NEAR ecosystem.” Source

Bitcoin Holds $67K, CRV Slides

Bitcoin held its ground above $67,000 during the European morning following the Fed’s hawkish interest rate projections on Wednesday. The U.S. central bank left rates unchanged on Wednesday and predicted just one reduction this year, which sent bitcoin lower. Following a dip toward $67,000 during the Asian morning, BTC ticked back upward swiftly before trading between $67,200-$67,800. At time of writing, bitcoin is sitting above $67,900, up 0.16% 24 hours ago. The CoinDesk CD 20, meanwhile, is down 0.34% in that time. Ether has fluctuated either side of $3,500, currently…

McLaren Data Tracker on Minima Blockchain Could Prevent Race Cheating

June 12: Minima, describing itself as the only blockchain lightweight enough to run entirely on mobile and device chips, says it’s working with Influx Technology to integrate a data tracker into a McLaren GT4 – a capability that could improve racing performance as well as prevent cheating. According to a press release: “Data points on over 20 parameters including vehicle ignition timing, braking, oil pressure, engine temperature, steering angle and rotation, as well as gear switching, are collected by the ‘DePIN Data Logger’ in real time…. Minima’s innovative blockchain design…

Australia’s Treasury to Include Stablecoin Rules in Crypto Bill Draft, ASIC’s Warning For Crypto Entities

“Within that drafting slot, there are various reforms and each has a different priority to the payments reforms, which would include our proposed framework for regulating stablecoins sit within that same slot, and they’ll be sort of done one after the other. Given that overlap, reps (representatives) are hoping that both of them will be released at the same time.” Source

Paxos Cuts 20% of Staff: Bloomberg

In an all-hands email obtained by Bloomberg, its CEO Charles Cascarilla said that the layoffs “allows us to best execute on the massive opportunity ahead in tokenization and stablecoin” and the company is in a “very strong financial position to succeed” Source

How Optimism Filled in Its Missing Tooth

MISSING TOOTH FILLED IN: Optimism, the Ethereum layer-2 project, provides the technological foundation for some of the biggest names in blockchain, including the Coinbase exchange’s popular Base blockchain and Worldcoin’s World Chain, from OpenAI founder Sam Altman. But for years, blockchains that used Optimism’s technology were built according to a false underlying premise: that they “borrowed” Ethereum’s security apparatus. In reality, it wasn’t the case, because they lacked a crucial piece of functionality known as “fault proofs” – used to challenge actors suspected of malicious behavior. On Monday, that long-promised…