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Cumulus Encrypted Storage System (CESS), a decentralized cloud storage and content delivery network, has launched its latest testnet called Venus on July 31, 2024. This new testnet follows the successful conclusion of testnet v0.7.6, which saw major updates and participation from over 10,000 storage node operators. The
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The recent attack on Compound's decentralized autonomous organization (DAO) has shed light on the fragility of governance systems in many cryptocurrency projects. On July 28, a group called the Golden Boys exploited Compound's voting mechanism, successfully passing a proposal that siphoned $24 million worth of COMP
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OpenSocial Protocol, a platform for building social applications on blockchain technology, has secured $6 million in strategic funding. The investment round was led by Framework Ventures and North Island Ventures, with participation from several other venture capital firms and angel investors in the Web3 space. This brings OpenSocial Protocol'
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MoonTaurus, a new cryptocurrency in the memecoin category, has launched its presale on July 24, 2024, raising $100,000 within the first two hours. The project, based in London, England, is structured with a multi-tiered presale system and aims to position itself as a significant player in the cryptocurrency market.
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Zircuit, a company developing an EVM-compatible ZK rollup with AI-enabled security features, has announced a successful Mainnet funding round. The investment saw participation from several prominent entities in the cryptocurrency space, including Binance Labs, Mirana Ventures, Amber Group, and others. Additionally, founders of notable blockchain projects such as Renzo, Etherfi,
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The U.S. Securities and Exchange Commission (SEC) has granted final approval for spot exchange-traded funds (ETFs) that hold Ethereum's ether (ETH), marking a significant milestone in the cryptocurrency industry. This decision comes after years of regulatory deliberation and follows the SEC's approval of bitcoin ETFs
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The recent correction in the cryptocurrency market may present an opportunity for long-term investors, according to Matt Hougan, chief investment officer at crypto asset manager Bitwise. In a recent investor note, Hougan outlined several key factors that could potentially drive Bitcoin's price to $100,000 by the end
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In the world of cryptocurrencies, critics often limit their understanding of Bitcoin to mere price fluctuations. However, to truly appreciate the potential and current state of this revolutionary technology, one must look deeper. Bitcoin's multifaceted nature is revealed through the analysis of various metrics and charts. Transaction volume
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DePin stands for Decentralized Physical Infrastructure Networks. It's an innovative concept that combines blockchain technology with real-world physical assets and infrastructure. This model introduces a new approach to developing and managing infrastructure projects. DePin uses tokens and cryptocurrencies to incentivize participants to provide physical resources or services. These
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The United States Supreme Court has made a landmark decision that will significantly impact the Securities and Exchange Commission's (SEC) enforcement procedures. The ruling grants defendants in SEC fraud cases the right to a jury trial in federal court, effectively ending the agency's reliance on its
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After years of waiting, you've finally received your Mt. Gox Bitcoin redemption. This sudden influx of cryptocurrency wealth likely has you wondering what to do next - sell for immediate gains or hold for potential future growth? While the temptation to cash out may be strong after such
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As central banks around the world explore the potential of issuing their own digital currencies (CBDCs), the question arises of how these new forms of money can coexist and interact with existing cryptocurrencies like Bitcoin. While CBDCs and Bitcoin may seem to be competing technologies at first glance, there are
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The Ethereum Development Conference (EDCON) will be held in Tokyo from July 24-30, 2024, marking the first time the event, which began in 2017, will take place in Japan. The conference will be headlined by Ethereum co-founder Vitalik Buterin and Japanese football star Keisuke Honda, as it celebrates the 10th
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Omni, a platform operating in the decentralized finance (DeFi) space, has launched Omni Pump, a platform designed for token creation and trading. Omni Pump includes features aimed at preventing token price manipulation and promoting fair token distribution, such as rug-prevention tools and a $75,000 market cap threshold for token
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In times of natural disasters and humanitarian crises, the swift and efficient distribution of aid and donations is of utmost importance. Traditional methods of distributing relief funds often face challenges such as delays, high transaction costs, and lack of transparency. Bitcoin, with its decentralized and borderless nature, offers a promising
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As the potential of Bitcoin and blockchain technology becomes increasingly apparent, governments worldwide are recognizing the importance of fostering vibrant startup ecosystems to drive innovation and economic growth. By implementing initiatives such as incubators, accelerators, and regulatory sandboxes, governments can create supportive environments that encourage the development and growth of