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In comparison to the ecosystems of Ethereum and Cardano, Charles Hoskinson, founder of Cardano (ADA), believes that Bitcoin L2 does not have sufficient potential. According to Hoskinson, Bitcoin isn’t robust enough to handle a layer-2 scaling solution, in reaction to an update given by Muneeb Ali, co-creator of the Stacks
The leading cryptocurrency wallet, Trust Wallet, stated today that it has received the highly sought-after ISO 27001 and ISO 27701 certifications for privacy information management and information security governance. As the first web3 wallet to obtain both the ISO 27001 and ISO 27701 certifications, Trust Wallet is acknowledged as a
In the trending airdrop season, one that caught the eye of the community is Shardeum, an EVM-based L1 blockchain. It is on the verge of introducing its incentivized testnet, accompanied by a comprehensive three-phase airdrop initiative. This strategic move aims to acknowledge and reward early contributors who have played pivotal
In a resounding success for Pyth Network, the PYTH token has become the talk of the town, soaring to new heights as the top gainer in the cryptocurrency market. The digital asset has experienced an impressive 29% surge in the past twenty-four hours, accompanied by a remarkable 239% spike in
A Distributed Denial of Service (DDoS) assault has been reported on Solana’s Phantom wallet. The protocol has detected many attempts to overwhelm its systems, according to the team behind Phantom. PSA: We're currently experiencing a DDOS attack. There are attempts to overload our systems and some services may be temporarily
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
The premier institution for digital assets, Nexo, announced that it has joined the International Association for Trusted Blockchain Applications (INATBA). With the help of INATBA’s well-established connections with important public sectors in finance and regulation, Nexo’s commitment to reshaping the blockchain landscape has advanced significantly with this strategic cooperation. Through this
Zeitgeist, a pioneer in the area of decentralized prediction markets, is pleased to announce the release of its ground-breaking automated market maker (AMM) that is based on the DLMSR (Dynamic Logarithmic Market Scoring Rule). This innovative initiative presents a dynamic liquidity mechanism that has never been seen in the blockchain
Ouinex, the secure and high-speed digital asset trading platform, has obtained Virtual Asset Service Provider (VASP) registration from the Polish Financial Supervision Authority (KNF), the company announced in a press release. This achievement stands as a testament to Ouinex’s commitment to compliance and regulatory adherence in the ever-evolving digital asset
The Web3 finance landscape has evolved immensely over the last couple of years, something that is made evident by the fact that the industry is projected to grow from its current valuation of $4.42 Billion to approx. $57.72 Billion by 2032. However, despite this immense potential, many experts are of
