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The Open Network (TON) Unveils DeFi and Data Analytics Hackathon with DWF Labs and Amazon Web Services

[PRESS RELEASE – Singapore, Singapore, May 25th, 2023] The Open Network (TON), a revolutionary technology to unite all blockchains and Web2 internet into one open network, in collaboration with DWF Labs and Amazon Web Services (AWS), is hosting a decentralized finance (DeFi) and Data Analytics Hackathon, Hack-a-TON x DWF Labs x AWS. The hackathon provides developers interested in DeFi and data analytics with the opportunity to design, code, learn and network as they bring...

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Hestia Launches a Blockchain-Based Freelance Platform, Redefining the Crypto Landscape

[PRESS RELEASE – Marseille, France, May 24th, 2023] In an age where the crypto world is dominated by GameFi, DeFi, NFTs, and meme coins, Hestia is revolutionizing the industry by demonstrating how cryptocurrencies and blockchain technology can be applied to traditional economic projects. Hestia, a groundbreaking decentralized freelance platform, is harnessing the power of decentralization to hustle the gig economy and empower freelancers and clients alike. The Hestia project...

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Coinbase Unveils New Wallet as a Service on Ethereum

WaaS (Wallet as a Service) reportedly employs cutting-edge multi-party computing (MPC) technology to safeguard the private keys of its users. Coinbase has announced that it released and launched a new Web3 wallet solution dubbed “Wallet as a Service” (WaaS) on the Ethereum mainnet. The new service, a version of the crypto firm’s cloud product, went live on May 23 and utilizes a multi-party computation (MPC), according to a Twitter announcement from a software developer at the company. The...

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ScalingX’s The Hunt For X Demo Day: A Resounding Success

[PRESS RELEASE – Please Read Disclaimer] ScalingX, in partnership with distinguished sponsors ARPA and AELF, has concluded its highly successful and impactful event, The Hunt For X Demo Day. This exclusive event brought together visionary developers and innovators, providing them with a unique platform to delve into the boundless possibilities of Zero-Knowledge Proofing (ZKP) technology and Random Number Generation (RNG) as groundbreaking solutions for scaling blockchain...

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Crypto Exchange Bitget Secures License to Operate in Poland

Bitget secured regulatory licenses as a virtual asset service provider in Poland and Lithuania, witnessing significant growth and positioning itself among the Top 4 centralized crypto exchanges. Earlier on Tuesday, May 23, crypto exchange Bitget announced that it has successfully registered as a virtual asset service provider (VASP) in Poland. Securing this regulatory license will allow Bitget to operate legally in the Polish market. Amid the current market scenario, Bitget has been...

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New York to Allow Crypto Mining Firm Block Fusion to Set Up Shop

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The Niagara Falls Planning Board in New York is permitting a crypto mining facility known as Block Fusion to move forward with its blockchain and crypto extraction plans following a long legal battle. The company recently applied to set up quarters in the Empire State, and those on the planning board heard no...

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Hong Kong to Permit Licensed Crypto Exchanges to Offer Services to Retail Investors

Hong Kong will open crypto trading activities to retail investors starting June 1, 2023. Hong Kong’s Securities and Futures Commission (SFC) has released the results of its consultation paper on regulating crypto assets in the country. In an announcement on May 23, 2023, the financial watchdog said it received 152 submissions from key players in the industry, professional associations, and consultancy firms, greenlighting its proposal to allow licensed crypto exchanges to serve retail...

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Namada Wants to Form Closer Knit Partnership with Osmosis

Namada said it is its Switzerland-based non-profit arm, the Namada Foundation that will be in charge of issuing out the NAM tokens that will be airdropped to OSMO holders. Namada Blockchain, a privacy-centric protocol built on the Cosmos Network, is looking at solidifying its presence in the industry with a partnership pitch to Osmosis (OSMO). As reported by Coindesk, Namada co-founder Christopher Goes is exploring a jointly funded grants program to bankroll software “public goods”. The...

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Vitalik Buterin Promotes Preservation of Ethereum Blockchain’s ‘Minimalism’

Ethereum co-founder Vitalik Buterin has warned against ‘”overloading” Ethereum’s social consensus – which, if discouraged or resisted – could bring “high systemic risks to the ecosystem.” While admitting the “natural urge” to try to extend the Ethereum blockchain’s core functionality, Buterin added that such actions could end up making the consensus layer more fragile. Risks of Overloading Consensus Layer Over the years, several proposals have emerged suggesting the use of...

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First Bitcoin Tower to Be Built in Dubai

The Bitcoin Tower will be a center that will host blockchain conferences and also promote AI and cryptocurrency initiatives. The upcoming COP28 Summit scheduled for Dubai has inspired the construction of a Bitcoin Tower, a Bitcoin-shaped and Bitcoin-themed hotel in the heart of the United Arab Emirates city. 40-story Monument to Bitcoin The Bitcoin Tower will be a 40-story architectural monument that will represent the values that Bitcoin has bestowed on mankind. A May 21 release by...

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