Tagged: Web3

January 2, 2025 @ 10:31 am By Omar Faridi  |  

As the year 2024 came to an end, the team at Polygon said it was clear that the past year was a mix of significant progress as well as challenges. The team at Polygon has provided a quick recap of the key developments from the… Read More

January 2, 2025 @ 8:18 am By Omar Faridi  |  

Bitget Wallet, a Web3 non-custodial wallet, has reportedly exceeded 60 million global users, achieving 300% annual growth during 2024. Through ecosystem expansion, the platform has seen substantial adoption across key regions, solidifying its position as a key player in the multi-chain wallet ecosystem. Bitget Wallet… Read More

December 29, 2024 @ 9:39 pm By Omar Faridi  |  

Bitget, the cryptocurrency exchange, and Web3 company, has released a new whitepaper for its native token, Bitget Token (BGB). The update introduces an initiative to burn 800 million BGB tokens—valued at over $5 billion based on current market prices—alongside plans to “expand the token’s utility.”… Read More

December 26, 2024 @ 7:25 pm By Omar Faridi  |  

Ethereum (ETH) is still leading the way overall, however, Solana (SOL) is steadily gaining ground (and fast), according to new industry report. The 2024 Electric Capital Developer Report reveals that as far as blockchain / web3 developer activity goes, there have been solid developments this year…. Read More

December 21, 2024 @ 2:56 pm By Omar Faridi  |  

Animoca Brands Corporation Limited is pleased to report unaudited financial and business highlights for the 3 months ending on 30 June 2024 as well as the 3 months ending on 30 Sept 2024. Post this reporting period, Animoca Brand notes that as of the end… Read More

December 19, 2024 @ 4:59 pm By Omar Faridi  |  

Chainalysis has acquired Hexagate, the provider of web3 security solutions that detect and mitigate real-time threats including cyber exploits, hacks, and governance and financial risks. They are the top choice for chains, protocols, asset managers, and exchanges to “help keep their funds secure.” Hexagate leverages… Read More

December 16, 2024 @ 7:42 am By Omar Faridi  |  

Bitget, a global cryptocurrency exchange, and Web3 company, is reportedly exploring the establishment of its Europe regional hub in Lithuania as part of its expansion in the European Union. The move aligns with the EU’s Markets in Crypto-Assets (MiCA) framework, which aims to provide a… Read More

December 11, 2024 @ 1:39 pm By Omar Faridi  |  

Consensys shared the findings of its opinion survey on crypto and web3, conducted online by online research data and analytics technology group YouGov. As a follow-up to the report from 2023, Consensys expanded the scope of the survey, reaching over 18,000 individuals aged 18-65. With… Read More

December 11, 2024 @ 7:37 am By Tony Zerucha  |  

A representative from digital identity platform SPACE ID believes the ECB’s [European Central Bank] work on the digital euro leaves plenty to be desired, especially regarding privacy. Alice Shikova made the comments following the release of the ECB’s second progress report. “The ECB’s second progress… Read More

December 8, 2024 @ 10:58 pm By Omar Faridi  |  

Last month, the total losses from Web3 security incidents have reportedly amounted to appr. $86.24 million. According to the SlowMist Hacked Database, 21 hacking incidents were recorded, resulting in losses of appr. $76.86 million, of which “$25.5 million was recovered.” As mentioned in the update… Read More

December 8, 2024 @ 4:07 pm By Omar Faridi  |  

Nansen announced their new partnership with Gravity, which is described as a high-performance Layer 1 blockchain built by Galxe. According to the update from Nansen, this partnership aims to equip Web3 projects and investors with the insights they need to “navigate the ecosystem, engage their… Read More

December 2, 2024 @ 8:14 am By Omar Faridi  |  

DRIFE, a Web3 DePin (Decentralized Physical Infrastructure Provider) built on Sui Blockchain, operating a “decentralized” ride-hailing application in India and UAE, has announced a collaboration with CoinList, the token launch platform, to launch its incentivized testnet for DRIFE Share2Earn location data campaign on DRIFE app…. Read More

December 1, 2024 @ 9:08 pm By Omar Faridi  |  

Unity Wallet, the self-custodial crypto and Web3 wallet that combines encryption, unique functionality, and intuitive design has released member insights for Q3 of 2024, uncovering trends in self-custody user activity and adoption. Framed by geopolitical tensions and the uncertainties that have come with this “Year… Read More

November 29, 2024 @ 1:14 pm By Omar Faridi  |  

Min Teo, Managing partner and co-founder at Ethereal Ventures (previously investments at Consensys) noted that they are pleased to be working with the team at Bleap App. Bleap enables users to connect their Web3 wallet to their pre-paid debit card with a “seamless” mobile-first neobank… Read More

November 29, 2024 @ 8:30 am By Omar Faridi  |  

Rarimo, a zero-knowledge (ZK) identity protocol, has announced the closing of a $2.5 million strategic funding round, with investors including Ethereum co-founder Vitalik Buterin and other key web3 founders. Referred to as the Vision Round, this founder-only raise was designed to course-correct the current direction… Read More

November 22, 2024 @ 4:37 pm By Omar Faridi  |  

Consensys, the blockchain and web3 software technology company, shares the findings of its “Web3 Workforce Survey,” one of the most comprehensive workforce surveys in the web3 space, conducted through YouGov, an international online research data and analytics technology group. The research reveals record-high confidence in… Read More

November 21, 2024 @ 8:22 am By JD Alois  |  

Mercuryo has launched a new program that aims to support 30 Web3 startups. Mercuryo is a payments enabler that seeks to create “a new generation of financial services” by leveraging crypto. The company says that it has decided to support Web3 entrepreneurs as it is… Read More

November 12, 2024 @ 2:05 pm By Omar Faridi  |  

Binance Labs has reportedly invested in Brevis, a ZK-coprocessor platform that unlocks new use cases for apps by allowing verifiable, trust-free computations on historical on-chain data. Brevis’ product, the ZK-coprocessor, empowers smart contracts to trustlessly access and run arbitrary computations on historical on-chain data, such… Read More

November 10, 2024 @ 1:08 pm By Michael Wong  |  

Pharos, a layer-1 blockchain network focused on hyper-parallelism, has completed an $8 million seed investment round. The funding was co-led by Lightspeed Faction and Hack VC, with SNZ Capital participating as a strategic anchor investor. Additional support came from Reforge, Dispersion Capital, Hash Global, Generative… Read More

November 10, 2024 @ 1:04 pm By Michael Wong  |  

Thailand has the potential to become a world-class digital hub, which could offer a lot of economic opportunities for the country, Digital Economy and Society Minister Prasert Jantararuangtong said. During Thailand Blockchain Week 2024 at Emsphere shopping mall in Bangkok, he noted that digital technology,… Read More