Blockchain news category covers the foundational technology powering the crypto world. Discover updates on scalability solutions, layer‑1 and layer‑2 protocols, decentralized apps (dApps), enterprise adoption, and how blockchain is reshaping sectors from finance to supply chain. A must‑read for understanding the infrastructure behind the headlines.
Meta believed that Web3 would positively enhance the economic model for creators by “giving them the ability to create new types of digital assets to monetize”.
The Fed and the FDIC have assured depositors that they could withdraw money from Silicon Valley Bank thereby instilling some confidence among crypto investors.
Coinbase announced that it had about $240 million in corporate funds at Signature Bank, but expects a full recovery of all its funds.
According to Circle, the bulk of its reserve for the USDC stablecoin is domiciled in US Treasury Bills.
Garlinghouse noted that financial systems are broken given their high susceptibility to rumors as evidenced by the current banking crisis.
Pressure continues to mount on stablecoins given the current situation that has seen three major crypto-backing banks collapse in the past few days.
USDC stablecoin issuer Circle has a staggering $3.3 billion of its total reserves with the Silicon Valley Bank. Circle has promised to cover any shortfall using corporate resources as well as external capital if required.
The MiCA law focuses on the management and strict rules for crypto asset service providers.
The whale address has liquidate all its Moonbirds NFTs incurring losses as high 32% on its investments.
Nissan isn’t the first automaker to file a patent for its products. General Motors, Ford, and Benz have all filed multiple Web3 trademark applications.
Citing the strong deterioration in the macroeconomic data, Blockchain.com decided to shutdown BACM that served institutional players.
The new web3 discovery surface will afford users the opportunity of exploring the best decentralized applications (dApps) available on Web3.
Thanks to AI technology, its Clyde bot can now answer questions and even have extended conversations with users. Besides, it allows users to start a thread for a group of people. The bot can also recommend playlists, and access GIFs and emojis like any Discord user.
The proposed NUSD stablecoin won’t depend on any USD reserves. Instead, it will solely depend on derivatives exchanges that list liquid inverse perpetual swaps, Hayes said.
The evolution of the blockchain ecosystem over the past years has been intriguing and so has the growing integration into the new industry by other technology, especially AI. Should it be observed more keenly, both blockchain and AI are closely related with each enhancing the other’s overall functionalities.