The German firm Matter Labs, which created the ZKsync protocol for Ethereum’s Layer 2 layer, has laid off almost 16% of its employees. In a post on X, Matter Labs’ co-founder and CEO, Alex Gluchowski, said that the company has always adhered to the principle of being a small, dedicated
At a Korea Blockchain Week (KBW) 2024 panel, Dan Albert, executive director of the Solana Foundation, pushed back against accusations that the Solana network is not decentralized, arguing that the capacity to coordinate a patch does not indicate that the network is centralized. The specifics of a serious vulnerability that
Tron founder Justin Sun has stated that the SunPump meme token community has chosen to implement a 100% onchain buyback and burn operation. The decision was reached after a community debate that shifted focus away from burning liquidity pool (LP) tokens, as stated in Sun’s post on X. The principle
To further enhance the already thriving Web3 ecosystem in the United Arab Emirates, Klumi Ventures, the first regulated Web3 Venture Capital and Fund Manager with its headquarters in Abu Dhabi, and DWF Labs, a new generation of Web3 investor and market maker, have teamed together. In keeping with the Abu Dhabi
The Intelligent Automation Conference 2024 is excited to announce a compelling track focused on “Productivity and Efficiency with Human-IA Collaboration,” featuring an esteemed lineup of speakers and groundbreaking agenda points. This track will explore the transformative potential of integrating human intelligence with artificial intelligence (IA) to drive productivity and efficiency
The Qatar Financial Centre (QFC) has officially launched its QFC Digital Assets Framework 2024, a regulatory regime designed to bolster the digital asset sector within the QFC. Developed in collaboration with industry stakeholders, including exchanges, custodians, and other market participants, the framework supports Qatar’s digital transformation goals by providing guidelines
The TON blockchain processed an unprecedented 46 million transactions in a single week, according to blockchain analytics firm IntoTheBlock. This surge in activity has been largely attributed to the recent excitement surrounding the DOGS token airdrop. The TON blockchain processed over 46 million transactions last week, driven by the excitement
The cryptocurrency sector is always evolving for which upgradation is a cornerstone. Web3 development thrives on the constant upscaling of networks and blockchains. Over the weekend, the Cardano ecosystem’s much-awaited Chang Upgrade went live. The upgrade brings new updates and will transform certain key aspects of the network. Notably, the
The most influential blockchain conference in Asia, Blockchain Week 2024, is delighted to announce that Mark Karpelès, the former CEO of Mt. Gox and a pioneer in the blockchain sector since 2009, will be one of the featured speakers at its flagship event, KBW2024: IMPACT. Mark Karpelès became a founding member of
FLock and io.net have collaborated to develop the first Proof of AI (PoAI) consensus mechanism in the world, which validates the integrity of nodes functioning inside a decentralized compute network. Through the completion of compute-intensive AI training tasks, decentralized physical infrastructure networks (DePINs) may use PoAI to verify the integrity of DePIN nodes. PoAI
