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“# Animal Concerts partners with Korea’s Klaytn: K-pop in the Metaverse? ” Metaverse concert organizer Animal Concerts has partnered with South Korean unicorn Kakao’s Klaytn network to increase its exposure to the Korean entertainment industry and facilitate Klaytn’s global expansion plans. The Jan. 10 announcement from Klaytn explains that the partnership between Klaytn and Animal…
“# Republic of Palau and Cryptic Labs launch digital residency program ” The Republic of Palau and blockchain development firm Cryptic Labs announced the launch of the Root Name System (RNS), a digital residency program on Tuesday. To inaugurate the partnership between Palau, Cryptic Labs and the sovereign-backed digital residency program, Palau’s President Surangel S….
“# eToro rolls out smart portfolios for new metaverse investors ” Brokerage firm eToro introduced MetaverseLife, a new smart portfolio covering stocks and crypto-assets from within the growing metaverse industry, on Tuesday. The company stated that its goal is to offer a diverse range of investments made for long-term exposure. Currently included in the portfolio…
“# Ramp expands presence in US with FinCEN regulation ” On Tuesday, crypto-fiat gateway payments platform Ramp announced that its U.S. subsidiary Ramp Swaps LLC hadreceived its registration as a Money Service Business with the Department of Treasury’s Financial Crimes Enforcement Network. The regulatory greenlight enables Ramp to do business in 38 states across the…
“# Zero-knowledge scaling tech Plonky goes live on Polygon ” On Monday, Polygon (MATIC), a layer two Ethereum (ETH) scaling solution known for its fast transaction times and negligible gas fees, announced the launch of Plonky2, a zero-knowledge scaling technology claimed to be the fastest in the world. Zero-knowledge algorithms ensure everything is correctly computed…
“# ‘Centralization issues’ are the biggest culprits of DeFi attacks: CertiK ” Decentralized finance, better known as DeFi, may not be “decentralized” enough as attackers exploited centralized weak points to drain users of billions of dollars in 2021, according to research from blockchain security firm CertiK. In a new report on the state of DeFi…
“# Green and gold: The crypto projects saving the planet ” It seems as though the potential benefits of cryptocurrency are often overshadowed by the technology’s inherent vulnerability to exploitation. And it’s true, crypto adoption does come with risks. Over the past year, governments from around the world have raised concerns that crypto could be…
“# Block job postings reveal Jack Dorsey’s Bitcoin plans ” In two recent job postings on LinkedIn, Jack Dorsey’s Block (formerly Square) revealed the group’s plans to develop “the next generation of mining ASIC,” and make a hardware wallet for the next 100 million Bitcoin (BTC) users. The two roles are based in the Block’s…
“# Axis Bank issues financial contract on state-backed blockchain platform ” Indian financial services giant Axis Bank issued a financial contract between two domestic businesses by using a government-backed blockchain platform called Secured Logistics Document Exchange (SLDE). SLDE was developed and released on Jul. 28, 2021, by India’s Ministry of Commerce & Industry to serve…
“# Animoca Brands’ Lympo NFT platform hacked for $18.7 million ” Sports NFT minting platform and Animoca Brands subsidiary Lympo suffered from a hot wallet security breach and lost 165.2 million LMT tokens worth $18.7 million at the time of the hack. A short Medium update from the Lympo team stated that on Jan. 10…