Tag Archives: Web 3

Sam Curry, a security engineer at Yuga Labs, was at the center of a federal investigation conducted jointly by the Internal Revenue Service’s Criminal Investigation Division (IRS-CI) and the Department of Homeland Security (DHS). The investigation traces back to Curry’s involvement in uncovering a cryptocurrency phishing website in December 2022. Sam Curry’s Encounter with Federal Agents Curry shared the incident on his X account, detailing the events that led to his subpoena...

Coinbase, one of the most popular crypto exchanges, continues its expansion journey with the official launch of its Web3 wallet designed to facilitate transactional interactions for major institutions with Web3, DeFi, and NFTs. Per Coinbase’s statement, this crypto wallet will rely on MPC tech to enable clients to store tokens from supported networks, access funds, interact with dApps and smart contracts, and tap into decentralized liquidity to trade a wide range of assets....

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...

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...

A recent study by blockchain and Web3 software company Consensys has found Nigeria to be leading in cryptocurrency awareness across all continents, with 99% having heard of the asset class and 91% willing to invest. The survey was taken by 15,158 people online across 15 countries, including the U.S., the U.K., Argentina, France, India, Japan, Mexico, South Korea, the Philippines, and Nigeria, from April 26 to May 18, 2023. Together with market research and data analytics firm...

Gala Games, the Web3 gaming startup behind mobile RPG Champions Arena and other ventures, was founded in 2019 and has grown steadily. Since then, a falling out has occurred between co-founders Wright Thurston and Eric Schiermeyer. Each controlled 50% of the company, and they are now fighting to remove the other from the board of directors. Schiermeyer accuses Thurston of the theft of company assets, while Thurston alleges Schiermeyer “sold off and wasted” millions of dollars...

Popular Web3 domain service provider – Unstoppable Domains – announced the launch of  ‘Unstoppable Messaging.’ The new offering is an end-to-end encrypted Web3 domain messenger that aims to help Web3 participants connect with friends, stay updated on their projects, and foster communities in a decentralized manner while retaining privacy. Unstoppable Domains also plans to expand its functionalities and has roped in two messaging platforms for the same. Unstoppable Messaging...

Web3 decentralized domains service provider – Ethereum Name Service (ENS) – raked in $235,000 in fees on August 13. The figure is the highest since September 11, 2022. Over the past couple of years, ENS has stood as a mainstay within the Web3 realm, enabling individuals to generate easily understandable domain names and wallet addresses for cryptocurrencies. According to data from Arkham Intelligence’s dashboard, ENS DAO (0xFe…44b7) holds more than $132.4 million in assets,...

The cryptocurrency industry is rapidly changing. There’s no doubt about it. From a field reserved only for cypherpunks and heavily tech-oriented people to a global phenomenon that’s now ventured into the mainstream, blockchain is no longer a topic that’s raising as many eyebrows as it used to, and Web3 became mainstream in talks. Those who’ve been following the latest gaming and NFT developments have surely heard of Animoca Brands: one of the most prominent gaming studios and...

The decentralized blockchain infrastructure provider, Ankr, has teamed up with Matter Labs to launch dedicated zkSync Era Nodes and Hyperchain blockchain solutions on the Microsoft Azure Marketplace. The main objective is to promote Web3 development growth and enterprise adoption by providing a gateway that is readily accessible to blockchain infrastructure available to Azure’s customers. Ankr’s specialized solutions, coupled with zkSync Era’s scalable blockchain network, as...