A recent introduction of Grayscale’s Dynamic Income Fund (GDIF) raised concerns from Cardano Founder Charles Hoskinson, who wondered why the fund did not initially include Cardano (ADA) in its asset selection. Grayscale, well-known for its Bitcoin ETF and other cryptocurrency investment products, introduced GDIF, its first actively managed fund, with
March 7, 2024 1 min read
Magic Square, a Web3 app store, is allotting $66 million of its native SQR token for grants to support projects that are listed on its platform. The notification sent to CoinDesk via email on Wednesday states that the Ecosystem Grant Program has 120 million SQR, or 12% of the total supply of
March 6, 2024 1 min read
The blockchain firm IO Research, which focuses on artificial intelligence (AI), said on Tuesday that it has secured $30 million in a Series A fundraising round from investors led by Hack VC along with other prominent investors that include Multicoin Capital, Delphi Digital, Solana Labs, Aptos Labs, OKX and more.
March 5, 2024 2 mins read
A further triumph in the extradition case to the U.S has been achieved by Terra co-founder Do Kwon. An official translation of Tuesday’s announcement states that the highest court in Montenegro reversed a lower court’s decision to extradite Do Kwon to the United States. Do Kwon has now won three
March 5, 2024 2 mins read
As the platform takes yet another hit, crypto exchange Coinbase reassures customers that their assets are secure. Customers of Coinbase Inc. reported a problem with the platform during the recent spectacular price surge of Bitcoin (BTC). Many customers were worried when their account balances supposedly showed zero due to a
March 5, 2024 1 min read
Vitalik Buterin, co-founder of Ethereum, lauded Reddit on Monday for its plan to include contributor ownership in its impending IPO. But he’s bummed out because Reddit’s contributors are subject to restrictions set by American law. Reddit is a prime platform for the cryptocurrency community to connect, debate, and share news,
March 5, 2024 1 min read
In the 19th batch of the LUNC burn mechanism, crypto exchange Binance, burnt 2.21 billion Terra Luna Classic (LUNC) tokens. This brings the total number of tokens burnt by the Terra Luna Classic community to over 102 billion, while the net burn by the crypto exchange reaches over 53 billion.
March 2, 2024 1 min read
An approval process issue in the Stablecoin protocol Seneca’s smart contract allowed an exploiter to access around $6.4 million in digital assets. Seneca has offered a 20% bounty to the person or people responsible for this exploit. The stablecoin protocol vulnerability was reported by many blockchain security organizations on February
March 1, 2024 2 mins read
Stake.link, the Chainlink Ecosystem’s delegated liquid staking protocol, has announced that cross-chain staking on Ethereum’s most popular Layer-2 network, Arbitrum, is now available. With this move, users will no longer have to pay outrageous gas expenses to stake LINK and receive incentives, allowing stake.link to open a second home on Arbitrum
February 28, 2024 3 mins read
With an eye toward improving performance on the Proof-of-Stake (PoS) network. Input Output HK, parent company of Cardano, has introduced the Plutus V3 engine. The statement states that SanchoNet is now ready for testing the new ledger language. Worth noting is that this improvement has been considered by Cardano and
February 28, 2024 1 min read