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Cosmose AI
1 year ago 1 min read

Cosmose AI’s Valuation Skyrockets to $500 Million Following NEAR Protocol Integration

Cosmose AI, an AI-based company focused mainly on retail shopping, has teamed up with NEAR Protocol, the Layer 1 blockchain, to make crypto payments more cost-efficient. The partnership includes undisclosed funding from NEAR Protocol, which enables Cosmose to have a $500 million valuation. Cosmose’s KaiKai app will use NEAR’s blockchain infrastructure to make online payments cheaper. KaiKai has its native stablecoin, Kai-Ching, equivalent to $0.01. Users can on-ramp fiat and then convert it to Kai-Ching to use it for payment purposes. According to Miron Mironiuk, the founder of Cosmose, KaiKai can reduce the cost of transactions by approximately 50 times

Russia has climbed the ranks to become the second-largest country in the world for Bitcoin and cryptocurrency mining
1 year ago 1 min read

Russia Emerges as Major Bitcoin Mining Destination, Ranks Second to the US

Russia has climbed the ranks to become the second-largest country in the world for Bitcoin and cryptocurrency mining, with the United States holding onto the top spot, according to a report by BitRiver. The report stated that in the first quarter of 2023, Russia achieved a new milestone by using 1 gigawatt (GW) of power involved in mining operations. However, the United States maintains a larger mining capacity of 3-4 GW, followed by other countries in the top 10 list. Despite the United States being the leader in Bitcoin mining, the lack of clear cryptocurrency regulations in the country could

Treasury Secretary Janet Yellen raised concerns about the potential threat to the US dollar's global supremacy.
1 year ago 1 min read

The Dollar’s Reign at Risk as China, Russia, and Iran Conspire to Abandon It, warns Yellen

In a recent interview with CCN, Treasury Secretary Janet Yellen raised concerns about the potential threat to the US dollar’s global supremacy. Yellen states that China, Russia, and Iran are making moves to move away from the dollar and find an alternative, after seeing how the US has used its reserve currency to impose financial sanctions. While acknowledging that the weaponization of the US dollar can be an effective tool in deterring bad behavior on the global stage, Yellen highlights the risk of it undermining the hegemony of the dollar over time. However, she also emphasizes that the US Treasury

Post-Shapella Ethereum: A Look at the Upcoming Cancun-Deneb Upgrade.
1 year ago 1 min read

Beyond Shapella: Ethereum’s Cancun-Deneb Upgrade Nears Completion

Ethereum’s core developers met on Thursday to plan modifications to the blockchain’s consensus layer in preparation for the upcoming upgrade, Cancun-Deneb. This upgrade, expected later this year, aims to make Ethereum cheaper for users by implementing new changes across the platform’s two mainnet layers: the execution layer and the consensus layer. The Cancun-Deneb upgrade will introduce Ethereum Improvement Proposal (EIP) 4844, also known as “proto-danksharding.” This proposal seeks to augment Ethereum’s scalability beyond the current capabilities of Layer 2 solutions. EIP-4844 aims to bring temporary storage and retrieval of off-chain data by Ethereum nodes to address the data and storage

Cardano Testnet Adopts Wrapped Bitcoin Token
1 year ago 1 min read

Cardano Testnet Integrates Wrapped Bitcoin Token

The Cardano ecosystem has taken a significant step towards expanding its decentralized finance (DeFi) offerings with the launch of cBTC, a wrapped bitcoin token, on the Cardano testnet. The developers behind the project are aiming to attract bitcoin users to the Cardano DeFi ecosystem, allowing them to mint cBTC tokens from the anetaBTC protocol and use them to fund, trade, or provide liquidity to Cardano testnet protocols. Wrapped tokens like cBTC make it easy for users to transfer value across different blockchains that lack interoperability. In other words, they allow users to access different DeFi protocols without requiring the native

KuCoin's Twitter Hacked
1 year ago 1 min read

KuCoin’s Twitter Account Hacked: Exchange Vows to Reimburse Victims

On April 24, KuCoin, a cryptocurrency exchange, reported that its Twitter account had been compromised for approximately 45 minutes. During the breach, a malicious post was published, offering a giveaway with a link to a phishing site. The exchange discovered that 22 users lost funds after interacting with the phishing site, resulting in a total loss of 22,628 Tether (USDT). KuCoin promised to reimburse all verified asset losses caused by the social media breach and the fake activity. KuCoin assured its users that all funds on the exchange were safe and that the hack was limited to the social media

Bisonai Partners with Polygon Supernet to Revolutionize Blockchain Infrastructure for Web3
1 year ago 3 mins read

Bisonai Partners with Polygon Supernet to Revolutionize Blockchain Infrastructure for Web3

Singapore, Singapore, April 21st, 2023 Singapore-based blockchain startup to help businesses of all sizes overcome challenges to build cutting-edge infrastructure for Web3. Bisonai, a Singapore-based company specializing in Web3 infrastructure, has joined forces with Polygon Supernet, a blockchain developer that provides a Layer 2 scaling solution for Ethereum, to revolutionize enterprise blockchain solutions, offering scalable and customizable Web3 infrastructure to businesses worldwide.  As companies increasingly look to adopt blockchain technology, they often encounter significant challenges related to scalability and complex infrastructure requirements. Bisonai’s partnership with Polygon represents a significant milestone in its mission to provide innovative and cutting-edge blockchain infrastructure

Flow Secures $3M Seed Funding To Build A Rollup Centric NFT Ecosystem.
1 year ago 2 mins read

Flow Secures $3M Seed Funding To Build A Rollup Centric NFT Ecosystem.

San Francisco, United States, April 21st, 2023, Chainwire Introducing Flow: The Game-Changing NFT Ecosystem Set to Revolutionize the NFT Market. Aggregator Beta Launches on Ethereum Mainnet. Groundbreaking AI and Rollup-Centric Roadmap Unveiled; Anticipated Token Launch on April 30. Flow’s aggregator makes NFT bidding a breeze with their groundbreaking “place bid once, buy from everywhere” technology. Flow’s powerful order matching and execution engines provide users a great UX while protecting them from frontrunners and unnecessary gas fees by routing transactions via Flashbots. With a $3M seed funding round led by Nima Capital and participation from Shima Capital and other industry heavyweights, Flow is

Boba Network Announces Integration with Obvious
1 year ago 3 mins read

Boba Network Announces Integration with Obvious

Palo Alto, CA, April 20th, 2023 Boba Network, a multichain layer 2 optimistic rollup that aims to unlock the potential of rollup technology and enable interoperability between blockchains and the real world, is pleased to announce its integration with Obvious, the self-custodial multi-chain smart contract wallet. As part of the integration, BOBA network users will be able to track and transact with assets on the BOBA network through Obvious. They can also interact with dApps on the BOBA network.  Obvious is a self-custody wallet that brings together assets across multiple EVM chains and powers your cross-chain transactions by giving you

Yuga Labs Wins Copyright Lawsuit
1 year ago 1 min read

BAYC Creator Yuga Labs Wins Copyright Case

Yuga Labs, the creators of the famous Bored Ape Yacht Club (BAYC) NFT collection, have won a landmark legal victory in their trademark infringement case against Ryder Ripps and Jeremy Cahen. The US District Court in California found that Yuga Labs is entitled to an injunction and damages, as well as being the rightful owner of the BAYC trademarks, which are legitimate and enforceable. The court declared that the use of the BAYC trademarks without the consent of Yuga Labs potentially caused confusion among potential buyers looking to purchase an authentic Bored Ape NFT. The case centered around the RR/BAYC

FilDA Lending Platform Suspends Activities After Security Breach Resulting in Loss of $700,000
1 year ago 1 min read

Cross-Chain DeFi Project FilDA Finance Halts Operations After Losing $700K to Hackers

Cross-chain lending DeFi project FilDA Finance recently suffered a major setback when it halted its operations on the Elastos Smart Chain (ESC) and REI Network due to an exploit that resulted in a loss of approximately $700,000. The hack occurred on April 23, and the company has stated that it is still investigating the incident. In a public statement, FilDA announced that it has identified the vulnerability and isolated the attack vector. However, the ESC and Rei FilDA platforms have been temporarily suspended. FilDA is tracing the activities of the hacker, and initial investigations show that the attacker’s address interacted

Ripple Takes on Financial Inequality, Pledging to Serve 3.7 Billion People Globally
1 year ago 1 min read

Ripple Plans to Provide Financial Services to 3.7 Billion People Around the World

Blockchain-based fintech company Ripple has set its sights on helping over 3.7 billion unbanked and underbanked individuals around the globe. In a tweet released on Earth Day, Ripple announced its plans to tackle one of the most pressing challenges of the century – the global climate crisis – with the help of blockchain innovation in carbon markets. Ripple has been working on this initiative since 2018 and has partnered with various fintech companies, foundations, universities, social entrepreneurs, and NGOs to make progress. The partners are currently active in over 80 countries and have already provided $150 million in donations. According

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