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“# New project uses rollups to build Linux-based decentralized computer ” Layer-two project Cartesi has unveiled a rollup-centric design for its Cartesi Machine, a Linux-based virtual machine that would allow developers to run any type of computing application secured via blockchains. Cartesi’s design uses a slightly modified version of Optimistic Rollups, a layer-two technology developed…
“# WallStreetBets Coin becomes #1 on CoinMarketCap… kind of ” The influence of Reddit’s r/wallstreetbets sub has apparently spread to the cryptocurrency space, after a new coin appeared at the top of CoinMarketCap’s rankings on Jan. 29. Dubbed WallStreetBets (WSB), the new coin apparently gained in excess of 130% in the past 24 hours, with…
“# Monstercat dance label sells $180K of musical NFTs in two minutes ” Major EDM record label Monstercat has highlighted how non-fungible tokens, or NFTs, can be a successful new revenue stream for artists and the music industry, generating $180,000 in the first two minutes of an NFT collection release. The collection consists of animated…
“# LuaSwap using TomoChain for backend transactions ” The number of projects adopting layer-two solutions for Ethereum’s scaling woes is increasing, with LuaSwap rolling out a new, TomoChain-based exchange engine yesterday. The change will enable the Uniswap inspired exchange to perform token swaps with greater speed and efficiency than many rival Automated Market Maker ERC-20 exchanges….
“# Mark Cuban calls token valuations “inflated” shortly after NFT mint ” Shortly after a limited edition non-fungible token release, entrepreneur and Dallas Mavericks owner Mark Cuban has called into question the valuations in the NFT space, as well as those in half a dozen other asset classes. Called “The RollUp 2021,” Cuban dropped the…
“# Blockchain tech may have arrived too soon, but now, it’s ready ” It is a useful exercise for those of us working in tech to cast our minds back to the dot-com boom and bust of the late 1990s. There is a lot that can be learned from that time. The period was crucial…
“# DeFi in the spotlight as legacy brokerages break down ” As legacy markets roil, brokerages break down and accusations of market manipulation fly, longtime decentralized finance adherents can’t help but say “I told you so” when it comes to the need for open, unstoppable, permissionless financial architecture. Earlier today, popular trading app Robinhood took…
“# Blockchain companies can’t afford to stay on the patent sidelines ” Twitter plays defense with its patents, Square has launched a consortium — which includes Coinbase — to pool crypto patents and Alibaba is well on its way with its mission to overtake IBM in the blockchain patent wars. Many startups don’t take the…
“# SBI Holdings and SMFG to launch digital securities exchange in 2022 ” Japanese finance giaSBI Holdings is building a digital stock exchange in collaboration with Sumitomo Mitsui Financial Group, or SMFG. According to a Jan. 28 Nikkei report, the new digital securities exchange is expected to be the first Japanese exchange trading digital stocks…
“# Reddit partners with Ethereum Foundation to boost scaling and resources ” Popular social media network Reddit, which counts over 1.7 billion monthly visits, is deepening its ties with the Ethereum Foundation in what it has formalized as its first-ever blockchain partnership. According to an announcement from Reddit admin u/jarins, the aim of the partnership…