Blockchain

Movement Labs, a community-driven technology company, has completed its pre-seed fundraising round and the launch of a tool from the Movement software development kit (SDK) on the Avalanche blockchain. According to a press release sent to CryptoPotato, Movement Labs raised $3.4 million through the pre-seed round to enable the advancement and adoption of Move, a smart contract development language with safeguards that protect against attack vectors like reentrancy and DoS....

A large chunk of OKX’s $25-$50 million annual advertising budget goes towards its sports deals. Crypto exchange OKX wants its deals with Formula 1 team McLaren and UEFA Champions League-winning team Manchester City to last a decade. The company reportedly spends $25-$50 million per year in its sponsorship deals with the two sports teams. OKX’s Global Chief Marketing Officer Haider Rafique told The Block in an interview that the company has a five-year deal with McLaren and hopes to extend...

Huobi will retain its identity for Chinese-speaking regions, but the exchange will now be recognized as HTX on the global scene. Popular cryptocurrency exchange Huobi celebrated its 10th anniversary on Wednesday by announcing its rebranding to HTX. However, there might be more to the move that controversially appears to echo the bankrupt exchange FTX. According to the September 13 announcement, “H” simply represents the first letter of Huobi, “T” represents Justin Sun’s blockchain project...

Diesel’s entry into the Meta Avatar Store aligns with the brand’s previous forays into the metaverse and its ventures into the world of NFTs. Diesel, the iconic Gen-Z fashion brand known for its edgy style, is stepping into the metaverse with a bang. In collaboration with digital fashion house DressX, the company is launching an exclusive collection on the Meta Avatars Store, adding its name to the roster of luxury brands available in the store. Meta Avatars Store is an online designer...

Buterin is looking forward to a future where developers can leverage an independent open tech stack. Speaking to the attendees of the Decentralized Finance (DeFi) event Permissionless which was held in Austin, Texas, Ethereum (ETH) co-founder Vitalik Buterin has expressed his enthusiasm towards a progressive future for the Ethereum network. He strongly believes that the network will keep pressing forward, adopting new ideas and offering innovative solutions to existing challenges. Though...

Circle co-founder and CEO Jeremy Allaire expressed delight at seeing major Web2 companies integrating blockchain technology. USDC issuer Circle has announced its partnership with Southeast Asian technology startup Grab to pilot Web3 customer experiences in Singapore. Established in 2012 as MyTeksi, Grab app is a multinational technology company that operates from out of Singapore and serves the entire South Eastern region. The company has a super-app that allows ride-hailing, door-to-door...

Ripple has secured some vital collaborations this year, including the deal with the Swiss-based crypto custody provider Metaco and the one with Fortress Trust (a financial institution focused on digital currencies). According to some experts, those efforts could benefit the blockchain enterprise by allowing it to provide various services and opportunities to users. Ripple Been Busy One such individual who shares that stance is the Ripple enthusiast going by the name...

The popular Web3 wallet has officially unveiled a novel feature called ‘Snaps,’ which paves the way for its expansion beyond the confines of  Ethereum. This marks a new dawn for developers and users of Metamask, who will benefit from interoperability and compatibility for different non-EVM blockchains. The inception of this feature traces back to a proposal by Dan Finlay, the co-lead developer in Metamask, to construct a platform welcoming developers to build permissionless...

The price of Curve DAO (CRV) tokens briefly fell below $0.40 on Wednesday as over-the-counter (OTC) transfers made by the DeFi project’s founder, Michael Egorov, were later transferred to Binance. As reported by blockchain security firm PeckShield, one of Egorov’s counterparties from last month. transferred 609,000 CRV tokens to Binance on Wednesday. When investors send funds to exchanges, analysts generally view this as reflecting an intention to sell. The counterparty...

Following a period of substantial capital inflows at the beginning of the year, the recent months have witnessed a shift towards either neutral or negative inflows, suggesting a period of stagnation as uncertainty took over the asset class. According to blockchain intelligence platform Glassnode, the market has been hovering on a relatively neutral level since April this year. This aligned with the slow-down in Bitcoin and Ethereum capital inflows and reflects a growing sense...