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“# Assembly announces $100M capital raise, receives praise from IOTA co-founder Dominik Schiener ” On Friday, Assembly, a decentralized layer one smart contract network built within the IOTA ecosystem, announced it had raised $100 million from private investors, including LD Capital, HyperChain Capital assembly, and Huobi Ventures. The project stated that the funds will be…
“#China developing 6,000 mph hypersonic nuke missile ‘based on design’ ditched by NASA” China is developing a 6,000 mph hypersonic nuke missile engine which is reportedly based on a design abandoned by Nasa — as it forges ahead in an arms race with the West. A Chinese research team has built and tested a prototype…
“# Virtue Gaming launches play-to-earn crypto model to bring online poker to US players ” On Friday, Virtue Gaming, a decentralized online poker platform built on the Ethereum (ETH) blockchain, launched the first play-to-earn digital poker casino in the United States. In the U.S., only six states (Nevada, Delaware, New Jersey, Pennsylvania, West Virginia, and…
“# Stacks’ Mitchell Cuevas talks building integrated DeFi bridges for Bitcoin users ” The Stacks ecosystem is a collection of independent entities, developers and community members working to build a user-owned internet on the Bitcoin (BTC) blockchain. Stacks’ STX cryptocurrency was distributed to the general public through the first-ever Securities and Exchange Commission-qualified token offering…
“# SushiSwap CTO resigns citing internal structural chaos ” Late Wednesday, Joseph Delong, chief technology officer of SushiSwap, the 13th largest decentralized exchange, or DEX, by trading volume, tendered his immediate resignation from the role. Explaining his decision, Delong gave the following statement: “I wish Sushi the best and am saddened that Sushi is so…
“# Polygon to invest up to 250M MATIC into zero-knowledge tech ” Ethereum scaling solution Polygon has announced it will dedicate a maximum of 250 million MATIC tokens ($627.5 million) to a deal with zero-knowledge cryptography startup Mir. Zero-knowledge algorithms enable external validators to verify encrypted transactions or documents without revealing the sensitive information hidden…
“# Inflation benchmark Frax Price Index to launch on Partisia blockchain ” On Thursday, Frax Finance, a developer of algorithmic stablecoins, announced it would launch the Frax Price Index, or FPI, on the Partisia blockchain. The benchmark would have its stablecoin pegged to it and serve as a competitor to the standard Consumer Price Index,…
“# Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh ” Stablecoins, or crypto assets which peg their value to less volatile fiat money, are useful tools for a variety of reasons. They can be used to cash out crypto investments, send or receive stable money abroad, and to pay for everyday consumer…
“# Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc ” On Wednesday, the Banque de France (BdF), the BIS Innovation Hub (BISIH), and the Swiss National Bank (SNB) announced the success of a pilot run of a wholesale central bank digital currency (wCBDC), titled Project Jura. The project aimed…
“#’Boulders exploding near his head’” Will Smith’s wild new nature series, “Welcome to Earth,” follows the actor as he takes his trademark enthusiasm and explores the far-flung corners of the world. The series (now streaming on Disney+) follows Smith, 53, as he takes his trademark quips, enthusiasm and adventurous spirit into remote slices of the…