Web3 developers are using zero-knowledge modularity to boost blockchain scalability and efficiency. ZK-rollups cut proof verification costs from $20 to $1.80, enhancing security and throughput. The market for this tech may hit $1.5B by 2028. #Update
“Metaplanet joins Bitcoin For Corporations with $1B BTC investment, boosting stock and driving global Bitcoin adoption. Supported by MicroStrategy and Bitcoin Magazine, the initiative aims to educate corporate leaders. #Bitcoin $BTC #Update”
WSPN partners with Canza Finance to launch the WUSD stablecoin in Africa, enhancing financial inclusion with blockchain-based services. The WUSD, pegged to the USD, ensures stable transactions and fights currency devaluation. #Update #CryptoNews #DeFi
Telegram unveils an in-app browser for 950M users, enabling decentralized web navigation on TON. The new mini-app store centralizes 500M monthly users and introduces new payment features, boosting popular apps like Hamster Kombat and Catizen.
Elixir Network launched deUSD, a decentralized synthetic stablecoin with $1B liquidity, minted by stETH and sDAI. It integrates with DEXs to boost yields and aims for $300M TVL in the Apothecary program.
Web3 startups Hyperbolic and Mintify raised over $10M in funding. Hyperbolic secured $7M for a blockchain-based AI platform, while Mintify raised $3.4M to enhance NFT trading infrastructure, expanding from Ethereum to Bitcoin Ordinals.
Crypto investigator ZachXBT links Sydney Sweeney and Bob Odenkirk’s hacked X accounts to UK hacker Gurvinder Bhangu, who stole $530,000 by promoting scam meme coins. Sweeney’s account was compromised via a SIM swap attack.
Elon Musk, owner of X, won’t promote cryptocurrencies except in jest. While he values Bitcoin and others, his stance urges reliance on verified info, helping stabilize the volatile market. Musk’s caution highlights the need for informed decision-making in crypto.
WazirX, India’s largest crypto exchange, lost over $230M in a cyber attack, affecting 45% of user funds. The proposed “socialized loss strategy” sparked outrage, with critics demanding the exchange bear the full loss. This incident underscores the need for better crypto regulation in India.
Coinfest Asia 2024, the largest Web3 festival in Asia, will be in Bali on August 22-23, attracting over 6,000 participants and 150 industry leaders like Justin Sun and Mo Shaikh. The event focuses on Web3 innovation and ecosystem expansion. #Web3 #Update
BlackRock warns of a surge in scams using its name, urging users to be vigilant. Red flags include payment requests, guaranteed returns, and urgency. Official communications never use WhatsApp or Telegram. Verify authenticity and avoid sharing personal info. #ScamAlert
Hong Kong politician Johnny Ng envisions Web3 and Bitcoin as pivotal to global financial innovation, likening Bitcoin to “digital gold.” He plans to discuss its reserve asset status, highlighting the need to accelerate Hong Kong’s Web3 ecosystem development to attract talent and maintain competitiveness.
Hong Kong politician Johnny Ng proposes a national Bitcoin reserve, inspired by Trump’s Bitcoin 2024 speech. Ng urges lawmakers to boost web3 industry development, positioning Hong Kong as a hub for technological innovation and financial resilience. #Bitcoin #Update
Centralized exchanges like Binance and Coinbase have risks, driving traders to decentralized exchanges (DEXs). DEXs enhance security with smart contracts but face liquidity and usability challenges. Platforms like Astrovault and QuickSwap aim to improve the user experience.
