Japan’s major banks back new stablecoin project for global trade
Project Pax, backed by Japan’s top banks, seeks to streamline cross-border transactions using stablecoins, addressing inefficiencies identified by the G20. Go to Source
Blockchain
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Crypto venture capital funding surges to $633M in August rebound
Crypto VC funding rose 15% from July, with growing investor interest in blockchain infrastructure development. Go to Source
Magic Eden faces backlash over US service segregation
Magic Eden’s US-exclusive domain introduces service restrictions, sparking frustration over feature limitations like airdrops. Go to Source
‘First fast’ Ethereum scaler Movement peaks at 12K TPS on testnet
Movement Labs co-founder Rushi Manche claims his Ethereum scaling blockchain is peaking at 12,000 transactions a second on testnet. Go to Source
Blockchain experiment results in swarm of decentralized learning robots
The research focused on securing the machines against physical and cyber-attack while maintaining their decentralized learning capabilities. Go to Source
86 Million Tokens Set for Distribution in Eigenlayer’s Season 2 Stakedrop
The Eigen Foundation has launched its Season 2 stakedrop, offering EIGEN tokens to stakers, ecosystem partners, and community members who contributed to the Eigenlayer network. Token claims will open on or before September 17, 2024, with rewards based on participation in staking, contributions to the ecosystem, and early support for the project. Eigen Foundation Announces … Read more
A Deep Dive Into the Top 10 L1 Chains by Daily Transfer Records
In Sept. 2024, data revealed that the top ten layer one (L1) blockchains hold a combined value of $1.66 trillion, a significant chunk of the $2.03 trillion crypto economy. This year, Bitcoin and Ethereum, the two biggest L1 chains, hit all-time highs in daily confirmed transactions. Yet, despite their progress, BTC and ETH still lag … Read more
DePIN to be ‘crypto’s next big use case’ — MV Global
Applications range from digital storage to energy markets, the report said, while pointing to significant use cases for the technology. Go to Source
Bitcoin Miner Iris Energy Increases Mining Output by 10%
Iris Energy has reported a 10% increase in bitcoin production during August 2024, with the company mining 245 bitcoin. The improvement is attributed to higher operational efficiency and reduced electricity costs following the company’s transition to spot pricing. Iris Energy’s Bitcoin Mining Efficiency Leads to Output Growth In its August 2024 investor update, Iris Energy … Read more
Stop giving your DNA data away for free to 23andMe, says Genomes.io CEO
Genomes.io CEO Aldo de Pape tells The Agenda podcast that customers should be wary about giving away their DNA data for free, as its true value is astronomical. Go to Source