Blockchain

On the 29th of August, Jeremy Allaire – the CEO of Circle, the company that mints and holds governance over USDC – announced that the popular stablecoin would be coming to Base and Optimism within a week. The launch was part of Circle’s plan to improve the utility of USDC by bringing the stablecoin to more blockchains in a native token, eliminating the need for bridged Ethereum tokens. The decision came shortly after the announcement of a new super chain agreement with...

Typically, in order to interact with Ethereum, participants have to use the so-called Externally Owned Accounts (EOAs). Today, EOAs are the only way to initiate a transaction or execute a smart contract. Naturally, this puts certain limitations on the way users can interact with the network. A simple example would be that it makes it challenging to do batches of transactions. A way to tackle the above issue is through account abstraction. The term itself carries specific...

D3 Global, an emerging domain name company, closed a $5 million seed funding round led by Shima Capital. D3 aims to transform domain names into the foundational layer of the internet and bridge Web2 and Web3 with secure digital identities. On September 5th, the emerging domain name company D3 Global announced the successful closure of a $5 million seed funding round. This round was led by Shima Capital, along with several other financing companies and funds such as Maelstrom by Arthur...

Read about five under-the-radar protocols that are expected to change the onchain game. DeFi continues to defy expectations while refusing to be written off. In 2023 the decentralized finance sector has spawned new use cases while entering new ecosystems and chains. The sort of primitives that emerged in the early 2020s, for lending, borrowing, trading, and yield generation, have undergone a makeover. The “swap token A for token B through a single liquidity pool” model popularized by...

One of the biggest and longest running blockchain events in the world, the World Blockchain Summit, took place last month in the Asian country of Singapore. It was presented by NORDEK, a leading web3 gaming solution and payment network that recently created its own Singapore-based digital currency exchange called Coin Store. The World Blockchain Summit was This Year’s Hit The World Blockchain Summit seeks to give all newcomers to the blockchain arena a chance to...

In addition to the failed Lend program, Coinbase has attempted other lending services in the past. Coinbase has announced that it is working on a crypto lending service for institutional clients in the United States. A September 1 filing with the US Securities and Exchange Commission (SEC) shows that the company has already raised $57 million to go towards the project. The service would help fill the hole left in the market after the implosion of major crypto lenders like Genesis and...

MetaMask introduces the “fiat-off-ramp” feature on the platform by allowing users to convert their ETH holdings to fiat currency. On Tuesday, September 5, the popular cryptocurrency wallet MetaMask announced that it had launched a new feature that would allow users to sell ETH for fiat currency. In a post on X (formerly Twitter) on September 5, MetaMask announced that users with crypto wallets connected to the Portfolio decentralized application could now convert their Ether (ETH)...

Coinbase has decided to increase the buyback cap to a substantial $180 million thereby leading to a notable surge in investor participation. On Tuesday, September 5, the world’s leading crypto exchange Coinbase announced that it is topping its debt buyback from $150 million previously, to now at $180 million. Thus, Coinbase is willing to buy back a larger number of its outstanding Notes than it unveiled previously. As per the announcement made on September 5, Coinbase has allocated $180...

The Web3 startup accelerator that focuses on Decentralized Finance (DeFi) and blockchain games – Cronos Labs – said the recruitment phase of the Cronos Accelerator Program started on September 4. The entity has previously teamed up with numerous companies, including Google Cloud, Amazon Web Services (AWS), and PeckShield, to support the scheme’s launch. The price of the native token of the ecosystem – CRO – briefly spiked by around 5% after news broke out before quickly...

With the introduction of the Sorare App’s AR functionality, fans can now take their virtual football experience beyond the screen and into their everyday lives. Web3 fantasy sports platform Sorare has announced the launch of its 3D digital football player cards with built-in Augmented Reality (AR) features. This bold move aims to revolutionize the way fans interact with their favorite football players and take fantasy sports to a whole new level. Sorare Unveils a New Era of Fantasy Sports...