The fundraise comes as interoperability protocols have attracted investors, despite the bear market. Source link
Coinbase, Framework Venture Funds Invest $5M in Socket Protocol, in Bet on Blockchain Interoperability
Tag: Blockchain
Ethereum Founder Vitalik Buterin Co-Authors Paper on Blockchain Privacy and Compliance
Ethereum’s Vitalik Buterin, along with researchers and privacy advocates, published a paper on September 6, 2023, titled “Blockchain Privacy and Regulatory Compliance: Towards a Practical Equilibrium.” The paper introduces “Privacy Pools,” a smart contract-based protocol designed to reconcile financial privacy with regulatory compliance. The news was shared to Blockchain.News by Ameen Soleimani. Key Details Authors: Vitalik Buterin (Ethereum Foundation), Jacob Illum (Chainalysis), Matthias Nadler (University of Basel), Fabian Schar (Center for Innovative Finance, University of Basel), Ameen Soleimani (Privacy Pools) Publication Date: September 6, 2023 Abstract: The paper focuses on “Privacy…
What Is a Blockchain Sequencer? It Sits Between Ethereum and Layer-2 Networks Like Coinbase’s Base
A criticism of the setup is that today’s rollup sequencers are typically run by “centralized” entities, and thus represent single points of failure, potential vectors for transaction censorship, or possibly a choke point if authorities ever chose to shut it all down. Coinbase, for example, runs the sequencer for its new Base blockchain, a role that could produce an estimated $30 million of net revenue annually, based on estimates by the analysis firm FundStrat. Source link
Russian Lawmaker Predicts that CBDC Digital Ruble and Blockchain will Displace Banks
Currently, the central bank of Russia has not made it possible to get a loan in digital rubles, but Askakov believes this will change “because it will be faster and, perhaps, more efficient.” If that happens, banks will not be needed at all, Askakov added. Source
Anoma Foundation Plans Native Blockchain for Privacy-Focused Namada Protocol
“The lack of privacy in crypto is becoming an existentially threatening centralization point,” said Awa Sun Yin, co-founder of Namada, during a KBW panel. “In recent years, we’ve seen large improvements in cryptography, combined with a more mature and growing multichain landscape – making it possible to make the best privacy accessible for any user.” Source
New $20M fund eyes blockchain gaming and NFTs
A group of cryptocurrency venture investors has established a $20 million fund to invest in undervalued Web3 projects and companies focused on blockchain gaming and digital collectibles. Alpha Protocol Ventures (APV) will look to invest in a variety of projects across the Web3 ecosystem, its CEO and founder Vagelis Diamantis told Cointelegraph in an email interview. He said that gaming and collectibles will be a priority focus, while decentralized finance, layer-1 and layer-2 protocols will also fall within the scope of the fund’s capital allocation. “We will also explore projects…
Visa tests USDC settlement payments on Solana blockchain
Visa recently announced its initiative to experiment with USDC settlement payments via the Solana blockchain. In a press release, Visa claimed it would allow USDC settlement payments through the Solana blockchain on Sept. 5. The company will facilitate these USDC-denominated transactions to merchant banks Worldpay and Nuvei, who can then process payments to their merchants in the same digital currency. Visa’s role in the financial ecosystem is monumental, with daily operations involving the clearing, settlement, and transferring of billions of dollars. Cuy Sheffield, Head of Crypto at Visa, explained that…
‘Ethereum Supreme Court’ Mooted by Blockchain Executive as Alternative to ‘Code Is Law’
A proposal from Matter Labs co-founder Alex Gluchowski would see a “hierarchical system of on-chain courts” arbitrate on-chain disputes. Source
SEC vs Service Provider Developments Keeps Market Volatility Up – Blockchain News, Opinion, TV and Jobs
By Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ). Bitcoin (BTC) closed last week around $26,000, a 0.5% decrease in price from its previous week’s closing price of $26,100. Last week was pretty hectic, following the lawsuit win for Grayscale against the SEC. The court said that the SEC’s decision to reject the Grayscale Bitcoin ETF application was arbitrary and capricious and did not offer adequate explanations for the rejection.The SEC will now evaluate the Grayscale Bitcoin ETF application again and give a new verdict…
Visa (V) Expands Blockchain Payment Capabilities by Expanding Circle’s USDC Settlements to Solana (SOL)
“By leveraging stablecoins like USDC and global blockchain networks like Solana and Ethereum, we’re helping to improve the speed of cross-border settlement and providing a modern option for our clients to easily send or receive funds from Visa’s treasury,” Cuy Sheffield, head of crypto at Visa, said in a statement. Source link