Discusses advancements, use cases, and technical aspects of blockchain technology, not limited to financial applications.
Lido DAO ($LDO) surged 11.6% in 14 days, outperforming Bitcoin & Ethereum amidst bear pressure. With a market cap of $1.9B, $LDO’s technicals indicate volatility. Integration of Kusama liquid staking & record $16.08B TVL fueled its rise. #Update
The Vatican Library and @NTTDATAServices use blockchain to preserve 180,000 manuscripts. Italian residents can receive NFTs for supporting the project online. This initiative showcases blockchain’s role in cultural heritage preservation. #Update #Blockchain #CulturalHeritage
The Blockchain Association criticized the IRS’s proposed broker rule, claiming it violates the Paperwork Reduction Act by imposing 8 billion forms, 4 billion burden hours, and $254 billion in costs, far exceeding the potential $10 billion tax revenue. #Update
Teleport, a new rideshare service on Solana blockchain, launches with 857 drivers. Developed by Decentralized Engineering Corp., it charges only 15% of fares vs. Uber’s 44%. Co-founder Raj Gokal believes this onchain model “could actually work.” #Blockchain
Alessio Vinassa, CEO of BlockTechGroup, uses AI to back over 35 blockchain, DeFi, and fintech startups. His focus on ethical practices and community impact sets new standards in fintech. #Blockchain #Update
Blockchain can enhance online privacy by decentralizing services, as noted by @KeeJefferys of Session. Highlighted by Snowden’s 2013 revelations, blockchain helps avoid mass surveillance and data breaches, like 2022’s affecting 350M users. #PrivacyMatters
Patrick Bet-David, CEO of Valuetainment, endorses blockchain voting for election transparency. West Virginia led U.S. pilot tests, followed by Utah, Colorado, and Oregon. This tech ensures secure, immutable votes, potentially rebuilding trust in elections. #BlockchainVoting #Update
Degen, a memecoin on the Base network, surged to 115K traders (22.8% market share) as of June 17, trailing only @dogecoin’s 134K. Despite a smaller market cap, Degen’s pivot to greater utility via DEGEN Chain shows promise. #CryptoNews
? The TON Blockchain launched TapSwap, a Tap-2-Earn Telegram app, on Feb 15, 2024. With 50M+ users globally, it enhances user experience and security. $TON price: $7.02, market cap: $17.2M. #Update #Crypto #Blockchain
TRON DAO made waves at Consensus 2024 in Austin as a 3 Block Sponsor. The exclusive TRON Whale Night 2024 drew 400+ industry leaders. $TRX #Blockchain #Updates
? On June 20, 2024, @BNBChain will launch the BEP-336 upgrade, inspired by Ethereum’s EIP-4844 hard fork, to cut transaction fees by up to 90%. Key features include BlobTx for better data management, enhancing BNB Greenfield’s storage. #Blockchain #Update
Stani Kulechov, CEO of Avara, aims to raise $50M for Lens Protocol to hit a $500M valuation. This follows a $15M round in Jan 2023. The funds will enhance Web3 social networking with ZKsync tech. #Web3 #Update
Ethereum co-founder @VitalikButerin backs TiTok AI’s new image compression, shrinking 256×256-pixel images to 320 bits for efficient onchain storage. This tech, from ByteDance and the University of Munich, speeds up processing by 410 times. #Blockchain #Update
Blockchain tech is set to unify the fragmented boxing industry, enhancing transparency and global accessibility. Sergey Lapin’s Ready to Fight platform, launching with the $RTF token, promises secure transactions and better career prospects for athletes. #Update
