Robinhood Markets, Inc., has announced a collaboration with ConsenSys’s MetaMask to make buying cryptocurrency easier. The goal of this partnership is to improve the user experience by combining the efficient order engine of Robinhood with the popular digital wallet of MetaMask. This will make using Web3 technologies easier and safer
February 7, 2024 2 mins read
Following a Solana outage that lasted five hours, the Layer-1 network has fully restored block production. According to a newly released update, the five-hour long Solana outage that started at 09:53 UTC has been resolved. Thus, the beta mainnet is back to its previous state in terms of block generation.
February 6, 2024 1 min read
The Polkadot blockchain has surpassed earlier records established by Solana and Polygon, setting a new record of 4930 NFTs per minute—a significant accomplishment for blockchain and Web3. Unique Network, a Polkadot parachain that specializes in composable NFTs, minted the NFTs for the interactive Web3 game Forever Has Fallen, marking a
February 6, 2024 2 mins read
In order to facilitate the transition from conventional web domains to the decentralized Web3 domains, the Ethereum Name Service (ENS) has teamed up with GoDaddy, a domain registrar, to provide customers free usage of the .eth web domains with their URLs. Web2 and Web3 infrastructures are becoming more interdependent, and
February 5, 2024 1 min read
Genesis Global Capital, a defunct cryptocurrency lender, has filed a fresh motion with the United States Bankruptcy Court for the Southern District of New York, requesting permission to liquidate almost $1.4 billion worth of trust assets. Genesis, a division of the Digital Currency Group (DCG), reportedly has $1.4 billion in
February 4, 2024 1 min read
John Reed Stark, a former member of the U.S SEC, has hinted that the legal team may be trying to benefit from the bankruptcy proceedings via the FTX restructuring plan. Given the large gains made by the legal team during bankruptcy proceedings, Stark said in a post on twitter that
February 4, 2024 1 min read
Court documents filed on February 3 show that defunct cryptocurrency exchange FTX is requesting permission to sell all of its shares in artificial intelligence company Anthropic. FTX moved the US Bankruptcy Court for the District of Delaware to sell Alameda Research’s Anthropic Series B Preferred Stock and any rights or
February 4, 2024 2 mins read
Despite recording its most quarterly sales ever in the Q4 of 2023, Meta’s mixed-reality arm, Reality Labs, had an operating loss of more than $4.6 billion. While Meta’s virtual and augmented reality (VR/AR) research arm, Reality Labs, lost $4.65 billion in Q4, the company’s overall revenue was roughly $1.1 billion,
February 2, 2024 1 min read
The first metaverse app for the Apple Vision Pro is scheduled for release by virtual reality developer Victoria VR. The Victoria VR app will be accessible in Q2 2024, marking Apple’s first virtual reality venture, which is set to launch on February 2. The web3 application for Victoria VR will immerse users
February 2, 2024 2 mins read
In a recent post on twitter, Polygon Labs CEO Marc Boiron announced the layoffs of 19% of the team. After several other firms announced layoffs amid last year’s recession, Polygon Labs has decided to fire 60 employees. Boiron stated: “We are on a mission to fundamentally change the internet so
February 2, 2024 1 min read