Shiba Inu, the team behind the popular namesake memecoin, has raised $12 million by selling its unreleased token, TREAT, to non-U.S. venture capital investors. These investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital and Comma 3 Ventures, Shiba Inu said Monday. However, […]
Blockchain News
Shiba Inu L2 Blockchain Shibarium Suffers Temporary Network Outage
Shibarium, the official layer-2 blockchain of the Shiba Inu ecosystem, suffered a temporary network outage that impacted its performance over the weekend. Kaal Dhairya, a prominent developer within the Shiba Inu ecosystem, provided an update about the development today. Shibarium Validators Experience Networking Issues According to Dhairya, the outage stemmed from networking issues among Shibarium […]
The Bitcoin Halving Is Here, and With It a Giant Surge in Transaction Fees
Bitcoin completed the fourth halving in its 15-year history, a milestone venerated and anticipated in the blockchain community just like the World Cup and Olympics are in sports. The once-every-four-years event, which cuts in half the amount miners get rewarded for creating new bitcoin, took place at 00:09 UTC on Saturday when the 840,000th block was added […]
Tether brings USDT and gold stablecoins to the TON blockchain
Stablecoin issuer Tether is launching its U.S. dollar-backed USDT and gold-backed XAUT stablecoins on The Open Network blockchain. USDT on TON will go live on April 20, and XAUT on TON will follow in the coming months, Tether CEO Paolo Ardoino told The Block. While USDT is available on over a dozen blockchains, TON is the […]
How Polkadot 2.0 refines blockchain scalability and interoperability
With its dynamic core model and the introduction of elastic scaling, Polkadot 2.0 aims to solve major blockchain challenges like scalability and interoperability. Predictions suggest that blockchain will reach 100 million daily users by 2028 as finance giants rapidly adapt to decentralized technologies. Blockchain is expected to penetrate 4.3% of the payment industry by 2025, as per a Cointelegraph […]
Sam Altman’s Worldcoin to Launch L2 Blockchain Prioritizing Human Transactions
Worldcoin, the project co-founded by Open AI CEO Sam Altman, which uses iris-scanning technology to verify a user’s “humanness,” is planning to launch an Ethereum layer-2 blockchain prioritizing verified humans over bots. Worldcoin currently has more than 10 million users, with 50% of them having verified their human identities using the project’s Orb. An Anti-Bot […]
Blockchain data-availability protocol Avail announces 600M token airdrop
Avail, a Web3 infrastructure layer built using Polygon’s software development kit, will be airdropping 600 million of its native AVAIL tokens to users. “The Unification Drop is a unifying force bringing different communities together, rewarding developers, governance contributors, technical educators, rollup users, stakers, and other valuable contributors from across multiple blockchain communities,” Avail said in an April […]
EY launches new blockchain solution to manage business contracts on Ethereum
EY has launched a new blockchain-based contract management tool, EY OpsChain Contract Manager (OCM), on the Ethereum public chain. The OCM is designed to help businesses execute complex agreements securely, efficiently, and at a lower cost, the company shared in a press release on Wednesday. As noted, the OCM uses smart contracts on the Ethereum […]
Charles Hoskinson Celebrates Cardano’s (ADA) Insane Blockchain Performance
Charles Hoskinson, cofounder of Cardano, recently lauded platform’s groundbreaking blockchain performance, exemplified by processing multiple transactions for 1,600 recipients in single block at minimal cost Cardano, renowned for its innovative Extended Unspent Transaction Output (EUTXO) model, has once again demonstrated its technical prowess in the cryptocurrency space. Following the implementation of the Alonzo upgrade, which […]
UK Lawmakers Call for Govt to Develop Crypto, Blockchain Skills Pipeline
Members of the U.K. Parliament have made a unanimous call for the government to invest in building skills to match the demand for employment from crypto, blockchain and artificial intelligence (AI) sectors. Member of Parliament Lisa Cameron, who chaired a Tuesday debate on the topic, urged the government to ensure that digital skills are taught […]