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” Optimism saves users $1B in fees, raises $150M in Series B “ Popular Ethereum scaling solution Optimism has announced a $150 million Series B funding round co-led by Andreessen Horowitz (a16z) and Paradigm at a total valuation of $1.65 billion. According to a blog post from Optimism, the Layer 2 (L2) solution has saved…
” Central Bank of Russia issues digital asset license to Sberbank in apparent policy reversal “ Less than two weeks after the Central Bank of Russia, or CBR, reiterated its position proposing to ban the issuance, mining and circulation of cryptocurrencies in Russia, it appears to have reevaluated its policy. In a press release published on…
” RBI seemingly wants to ban cryptocurrencies, but not for the reasons you might think “ On Thursday, the Reserve Bank of India, or RBI, the country’s central bank, published a critical bulletin regarding the cryptocurrency industry. While the report praised the innovative distributed ledger technology associated with digital currencies, the RBI dismissed arguments calling…
” How blockchain intelligence can prevent Russia from evading sanctions “ As pointed out by Caroline Malcolm, Head of International Policy at Chainalysis, the transparent nature of blockchain technology makes it relatively easy for crypto intelligence companies to track funds related to sanctioned entities. “We’re in quite a unique position because of the transparency and…
” Ripple to give out 1 billion XRP in developer grants “ Ripple (XRP), the enterprise payment technology company, plans to give out one billion XRP in grants for developers. The newly announced grant is an extension of the company’s XRPL Grants program, which was launched in 2021. The developer grant would be focused on…
” Polygon onboards Simba Chain for Ethereum scaling and infrastructure development “ Ethereum (ETH) layer-2 solution Polygon (MATIC) is integrating the Simba Chain to scale and build new infrastructure for Web3, according to a new announcement. While Polygon is known to be a scaling solution provider, the new integration aims to build the next chapter for…
” The Internet of Beer: Robotics startup taps Bitcoin to deliver automated beverage “ Pubinno, a San Francisco-based technology firm that creates the “Internet of Beer” with artificial intelligence, robotics and cloud computing platforms, has now integrated Bitcoin (BTC) payment infrastructure into its system. Pubinno accepted BTC payments using the Lightning network at the #LightningHackdaysIST…
” DeFi to reach mass adoption via institutional participation, DEX founder says “ While decentralized finance (DeFi) token prices may be going down, new forms of utility like liquid staking are on the rise and some believe that more people may be drawn to DeFi as more institutions jump into the fray. According to Eric Chen,…
” Web3 will be key to the future of China’s internet, says security regulator “ The director of the Science and Technology Supervision Bureau of China’s Securities Regulatory Commission Yao Qian has called for a special focus on Web3, deeming it to be the future of the internet. Yao published an article titled “Web 3.0: A New…
” Bank of Canada collaborating with MIT on CBDC research “ The Bank of Canada has partnered with the Massachusetts Institute of Technology (MIT) to work on a 12 month research project focused on the design of a Central Bank Digital Currency. According to a March 16 announcement, the bank will work alongside the MIT…