Market news: Gold dealers are selling gold bars from the Bank of England's vaults at a discount by more than $5 an ounce off the London spot gold price.
On January 28th, Layer 1 network developer Pod announced the completion of a $10 million seed round of financing to build a "consensus-free" Layer 1 network with transaction speed comparable to the response time of Google search. This round of financing was led by a16z CSX and 1kx. Participants included Flashbots, Blockchain Builders Fund and Protagonist, as well as several angel investors from Celestia, Babylon and Axelar. The Pod is expected to go live on the developer network (devnet) in the ...
Chain game developer Thetan World has announced that it has received a strategic investment from Avalanche Blizzard Fund. The specific investment amount and valuation information have not been disclosed yet. The new funds plan to support Thetan World in building a high-quality original game ecosystem based on P2E. It is reported that Avalanche will also support its economic and infrastructure infrastructure.
Chain game developer Delabs Games announced the completion of a new round of strategic financing, with TON Ventures participating. The specific financing amount and valuation information have not been disclosed yet. The new funds will be used for Delabs Games to grow and deploy its game projects on the TON blockchain. Previously, Delabs Games announced the completion of a $4.70 million seed round financing in July 2023, led by Hashed.
According to people familiar with the matter, hackers who carried out a cyber attack on drug distributor Cencora received a $75 million ransom payment in three installments in bitcoin in March this year, the largest known cyber extortion payment to date. The company showed the charges incurred by the cyber security incident in its quarterly report in July, saying that the $31.40 million of other charges were mostly incurred due to the cyber security incident of the data breach. It is not clear w...
Following Apple's decision to open up iPhone's NFC payments to third-party developers, Circle CEO Jeremy Allaire predicted that Tap-to-Pay on iPhone using Circle's USDC stablecoin would be "coming soon." However, he later clarified that Circle has nothing to do with Apple, nor does it have anything to do with Apple Pay, explaining that Apple's move to open up NFC will enable Web3 and crypto wallets to "call NFC for transactions."
Offchain Labs, the developer of the Arbitrum blockchain, has announced the formation of a new business unit "Tandem" dedicated to driving mainstream adoption of crypto networks. Offchain Labs has invested $10 million in the unit, which focuses on Ethereum ecosystem projects outside of Arbitrum. Offchain Labs is backed by venture investors such as Lightspeed Venture Partners and Ribbit Capital. Tandem will focus on driving the adoption of blockchain in mainstream markets, such as Robinhood and bl...
On July 30, Loopify, the founder of chain game developer Endless Clouds, followed an account named Endless Clouds Foundation on social platforms and forwarded its tweet $END, suggesting that Endless Clouds may issue a token END.
On July 16th, South Korea-based game developer Delabs Games announced the launch of baseball-themed Telegram click-and-click game Giga Chad Bat. Players can earn points through Giga Chad Bat, which can then be converted into GAME tokens.
US-based developers Light Protocol and Helius Labs have launched a technology called "ZK Compression" to scale applications on Solana. ZK Compression works through a process called state compression, allowing developers to use Solana's cheaper ledger space instead of its more expensive account space to store certain types of data. According to ZK Compression's documentation, the "hash" or fingerprint of off-chain data is stored on the chain for verification using a "sparse state tree".