Blockchain News

In February, Google's parent company Alphabet announced that the future plans of the conglomerate include blockchain technology and Web 3. And now, the Cloud group of Google is starting a team to offer their services to blockchain app developers. Thus, the company aims to meet the growing...

The amount of NFTs sent to marketplaces hit $37 bln as of May 1, 2022. The indicator is close to surpassing the overall NFT transaction volumes equal to $40 bln of 2021. According to a report by the blockchain data platform Chainanalysis, despite some ups and downs in volumes, the number of active...

Decentralized social media startup BlueSky, initially backed by Twitter issued its first codes and revealed the start to work in public. The team published a blog post that says the received funding four months ago allowed hiring a team and beginning the development process. Twitter ex Chief...

Tron blockchain’s dollar-pegged stablecoin USDD (decentralized USD) went live on May 5. USDD is in circulation and operates on Tron, BNB Chain, and Ethereum. An official guide on USDD mining published by the project says that USDD starts the Stablecoin 3.0 era on Tron. The Tron community has been...

Business magnate Elon Musk, who recently announced buying the social media company Twitter changed his Twitter profile picture for a Bored Ape Yacht Club collage. Musk wrote that the picture seems pretty fungible to him. I dunno … seems kinda fungible— Elon Musk (@elonmusk) May 4, 2022 ...

Ethereum co-founder Vitalik Buterin, finds that Layer 2 transactions need to be lower than $0.05 to be totally acceptable. Recently, the Bankless podcast host, Ryan Sean Adams, tweeted a screenshot of the average costs of transactions for some L2 protocols. Adams wrote that fees wrote that...

The Solana blockchain protocol released a report on the recent outage announcing that operations are recovering after the network went dark for 7 hours. On April 30, the Solana blockchain stopped producing new blocks as a result of consensus reaching issues. The network participants started to work...

Analytical report by Huobi Research, blockchain industry reserach institute affiliated to the crypto exchange Huobi, published an analytical report on the current NFT market state and possible future developments. The report titled “Looking for the Eye of the Storm - NFT Price Analysis”,...

Digital assets institutional custody company FireBlocks now officially supports the Terra blockchain. Thus, institutions can access the second largest DeFi protocol by total value locked. Terra comes after Ethereum with around $29.4 bln TVL. Fireblocks becomes the first platform to deliver...

American venture capital firm Andreessen Horowitz is starting a new research hub to study Web3 and crypto. The company released a blog post that says in the last decade crypto and web3 has become as a frontier technology and an independent sector. It unites elements of computer science, economics,...

The Federal Bureau of Investigation published a statement on the investigation results associated with the $600 M hack of the Ronin Network. Ronin is an Ethereum sidechain built for the play-to-earn game, Axie Infinity. According to the statement, the FBI was able to confirm that the hackers behind...

One of Ethereum’s core developers, Tim Beiko revealed that the much-expected upgrade will probably take place several months later after June. He tweeted about this after the team carried out a major test on April 11. In particular, devs had released a shadow fork to test the software. Beiko...

The so-called "whistleblower" Facebook Francis Haugen gave an interview to the popular publication Politico. In a conversation with reporters, a former employee of the social network expressed concern about Meta's inclusion in the metaverse. Haugen became famous all over the world when,...

Digital currencies and blockchain-focused investment fund Pantera Capital is supposed to complete the Blockchain Fund within about a month after securing $1.3 bln. In the latest conference call, the firm said that the raised capital is roughly two times higher than the original goal of $600 M....

Global investment manager Investcorp, specialized in alternative investments, has started raising money for a new fund to invest in blockchain technology development startups. The Fund will be led by the company's Abu Dhabi office. It will invest in early-stage firms building various products...

Face recognition developer Clearview AI has released the Clearview 2.0 update, which contains improved biometric identification tools. This is stated in a press release from the company. According to Clearview AI director Joan Ton-Thet, the innovations include image enhancement tools that allow...

Hackers managed to steal around $625 M by exploiting the popular web3 video game Axie Infinity’s Ronin sidechain. A press release published by Ronin Network says the platform suspended activities on the bridge and the decentralized exchange platform Katana. It also reveals that starting on March...

The company standing behind the development of the Bored Ape Yacht Club, Yuga Labs, attracted $450 M in a recent Series Seeds funding stage. Completing the round, its valuation has reached $4 bln. VC firm Andreessen Horowitz (a16z) led the round. Among investors were game software company Animoca...