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As part of its plan to leave the Ethereum ecosystem by the end of 2023, the DYDX Foundation, the non-profit behind the famous DEX, dYdX, has preponed the launch of the public testnet of its Cosmos-based blockchain. The Foundation has announced that the testnet will launch on July 5, sooner
In anticipation of Base’s mainnet launch, Coinbase affirmed on Wednesday that its Ethereum Layer-2 network had been subjected to extensive security evaluations conducted by researchers. Reports indicate that Coinbase commissioned a six-month internal audit from its protocol security team to thoroughly test the security of Base, built on the OP
In a significant move forward for blockchain technology, Flare, the leading Layer 1 data-centric blockchain, has joined forces with aiPX, a spinoff of Level Finance. This synergistic partnership aims to launch a groundbreaking decentralized non-custodial perpetual exchange on Flare‘s network. Capitalizing on Flare’s Time Series Oracle (FTSO), aiPX will provide
The tech world thrives on speed, and Algorand has just gone full throttle. With its latest feat, the blockchain giant is outpacing most sports cars and promising the world an experience that’s nothing short of a digital revolution. 👀Blink and you might miss it! 🏎️💨@Algorand now secures transactions faster than
Rollux, an innovative EVM Layer-2 solution, has been launched by SYS Labs, a Web3 product suite powered by Syscoin. Rollux presents a unique method of scaling Ethereum that sets SYS Labs apart from its rivals. Rollux is meant to optimize the performance of Ethereum network applications by using the power
Startale Labs Pte Ltd, a Web3 tech business that builds multichain apps and infrastructure, has received $3.5 million in investment from Sony Network Communications Inc. via a private issue of new shares. Startale Labs and Sony Network Communications will also look at prospects for extensive commercial partnerships with the common objective
HyperCycle, a ground-breaking Layer 0++ blockchain infrastructure designed for quick and affordable AI-driven micro-transactions, has teamed up with Penguin Group to launch HyperPG, a cutting-edge program for accessing HPC for the rapidly expanding AI economy. Through the cooperation, the HyperPG platform will be made accessible to both businesses and individuals,
According to reports, Chinese IT giant Alibaba Cloud has partnered with the non-profit NEAR Foundation which developed the decentralized platform NEAR Protocol to promote Web3 throughout Asia and the Middle East. The native token of the ecosystem, NEAR, had its value increase by more than 13 percent following the announcement.
DeFi investment opportunities are looking a little more palatable today with the news that Soil, creator of a real-world asset-backed loan marketplace, has achieved full compliance with local regulators in its home base of Estonia. Soil is the creator of a unique debt marketplace where traditional companies can seek funding
After publicly criticizing XRP and its community, Cardano founder Charles Hoskinson denies rumors of previously collaborating with Ripple. When the U.S. Securities and Exchange Commission (SEC) classified Cardano as a “Security” being sold via non-compliant crypto exchanges, however, he attempted to make peace with the XRP community. Charles Hoskinson tweeted
