Tagged: smart contracts

Internet Computer Community Adopts Threshold ECDSA Signatures Motion Proposal, so Canister Smart Contracts can Hold BTC, ETH

The Internet Computer Community has adopted the threshold ECDSA signatures Motion proposal. All Bitcoin keys and signatures are being generated by using ECDSA. An ECDSA signature allows us to share a public key and create a signature of certain data using their private key. This… Read More

Chainlink Verifiable Random Function has Serviced Over a Million Requests Across Ethereum, Polygon, BSC

Chainlink VRF has enabled over 35 blockchain RNG use-cases. RNG or (secure) random number generator supports smart contracts and off-chain systems in order to access “a verifiably tamper-proof source of randomness.” Since its mainnet launch in October of last year, Chainlink VRF has serviced more… Read More

China’s Public Blockchain Nervos to Integrate with Covalent, an Indexing Solution Provider for DLT Networks

Nervos, China’s leading public blockchain, has revealed that it will be integrating its testnet and mainnet with Covalent, an established provider of indexing solutions for blockchains, “expanding the availability of data on the network and simplifying the experience for developers building on Polyjuice, an Ethereum… Read More

eToro Commits $1M Stake to GoodDollar Universal Basic Income Initiative

eToro, a multi-asset investment platform that empowers consumers to grow their knowledge and wealth as part of a global community of investors, reveals that it’s “reinforcing its commitment to opening the digital economy to the next billion global crypto users.” eToro confirmed in a release… Read More

Digital Asset, a Software Firm Building Interconnected Networks, to Conduct Hackathon

Digital Asset, a software and services provider that assists enterprises with building economic value via interconnected networks, has unveiled a 6-week online hackathon, which will be hosted in partnership with SE2, which is a life and annuities insurance tech and services provider. As noted in… Read More

DeFi, Smart Contracts for Bitcoin: Motion Proposal to Integrate BTC Network With the Internet Computer Approved by Community

A motion proposal to integrate Bitcoin (BTC) with the Internet Computer has reportedly been approved by community members. According to an update shared with Crowdfund Insider, the plan should add smart contracts to Bitcoin via an application of Chain Key cryptography that will “directly integrate… Read More

Bitcoin (BTC) Improvement Proposals Schnorr Signatures, Taproot, Tapscript Ready for November 2021 Launch: Report

Digital assets firm Kraken notes that one of Bitcoin’s (BTC) biggest and most significant upgrades of all time is “just around the corner.” However, Kraken also mentions that very few people really understand its “potential impact.” Kraken Intelligence’s most recent report, titled “Taproot Primer: An… Read More

Global Fintech Circle Says USDC Stablecoin on TRON Facilitates High-Speed, On-Chain Value Transfers

Digital assets firm Circle notes that at the beginning of July 2021, they had announced support for stablecoin USDC on the TRON blockchain, which is one of the largest open (or permissionless) blockchain networks. TRON aims to support a wide crypto ecosystem “popular within Asian… Read More

Polychain and Three Arrows Capital Lead $230M Investment in the Avalanche Blockchain Ecosystem

Polychain and Three Arrows Capital have led a $230 million investment in the Avalanche public blockchain ecosystem. They’ve been joined by R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Currency, Lvna Capital and several angel investors and family offices. The Avalanche Foundation will be using the funds from… Read More

First Day With Smart Contract Capability the Latest Cardano Success

The first day with smart contract capability was a good one for Cardano, it reports. Cardano’s recent upgrade to give it smart contract functionality allows developers the ability to create apps on it. Within the first 24 hours, the platform saw more than 100 smart… Read More

Hyphen Acquires Chainlink Grant to Develop Oracle Framework for Tracking Greenhouse Gases, Ozone-Depleting Substances

With the increasing concerns regarding issues related to climate change and various unsustainable agricultural practices, many nations and large enterprises are working via international pledges to establish an ecologically conscious future. Hybrid smart contracts—which are smart contracts that bring together blockchains, Oracles, and API infrastructure… Read More

CBDCs: Fluency, a Fintech Offering CBDC focused DLT Platform, Acquires $1.3M at $23.5M Pre-Money Valuation

Fluency, a company that’s introducing a proprietary central bank digital currency or CBDC-focused blockchain enterprise platform, has received $1.3 million as part of a seed funding round from Europe-based investors (at a $23.5 million pre-money valuation). In statements shared with Finextra, Fluency Chief Executive Inga… Read More

Hacked: Blockchain Security Firm SlowMist Shares Analysis of Recent DAO Maker Exploit

SlowMist, which focuses on blockchain ecosystem security and has reportedly served Huobi, OKEx, Binance, imToken (nearly “a thousand commercial customers in total”), reveals that DAO Maker‘s vesting system was recently hacked. SlowMist confirmed in an incident report that DeRace Token (DERC), Coinspaid (CPD), Capsule Coin… Read More

Hats, a Decentralized Cybersecurity Incentive Network, Secures $3.5M via Seed Round

Hats has secured $3.5 million in seed funding in order to create an “incentivized” cybersecurity network. Hats is now live with Liquity and Kleros bounty vaults, according to an update shared with CI. Hats is described as a “decentralized” cybersecurity incentive network “governed by its… Read More

Tezos (XTZ) Selected to Support Smart Contracts for Major European Banks

Tezos (XTZ) has been chosen to enable smart contracts for “leading” European banks, according to a recent update. Crypto Finance Group, InCore Bank, and Inacta announced on August 24, 2021, that they are selecting Tezos for “innovative, compliant on-chain digital financial products.” As mentioned in… Read More

Caleb James DeLisle: Co-founder at PKT Explains how they’ve Used Blockchain Tech to Pay Users for Contributing Unused Internet Bandwidth

CJDNS SASU, a French software R&D start-up in the PKT ecosystem, recently announced its funding agreement with NGI-LEDGER, a European Commission’s initiative that aims “to shape the development and evolution of the Internet.” The agreement secures funding for SafePKT, an initiative that aims to bring… Read More

Connie Gallippi: Founder and Exec Director at BitGive Reveals that Bitcoin as a Store of Value and Currency Is Highly-Valued in Latin America

Connie Gallippi, Founder and Executive Director at BitGive, a non-profit organization that aims to bridge the gap between practical philanthropic solutions for nonprofit and humanitarian work globally made possible through emerging blockchain technology, recently shared some noteworthy updates with Crowdfund Insider. Established in 2013, BitGive is… Read More

Fintech Collective Raises $250M to Support Traditional Financial Tech and DeFi-focused Business Strategy

Fintech Collective, a VC company that’s focused on creating the “future” of financial services by investing across traditional Fintech and emerging crypto-assets, revealed on Friday (August 20, 2021) that it has raised capital, as part of its existing early-stage strategy and for its new strategy… Read More

Astra Protocol, which Offers Legaltech for Crypto, Reports Significant Increase in DeFi Hacks, Fraudulent Activities

The team at Astra Protocol, which aims to equip the decentralized finance (DeFi) space with a complete legal layer and unlock the future growth of the industry, notes that operating within DeFi comes with “unpredictability” as well as key opportunities. Some of the main benefits… Read More

Umbrella Network, a Decentralized Layer 2 Oracle Network, Launches Community Validator Program

Umbrella Network, the decentralized Layer-2 Oracle network, revealed that it has launched its community validator program. As mentioned in a release shared with Crowdfund Insider, the onboarding of community validator members will aim to “democratize” Oracle data and enable members or participants of the network… Read More

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