LayerZero tackles sybil activity with self-reporting mechanism

The Italian soccer team Juventus has a number of traditional collectibles available for purchase by its fans, but this week it’s taking them into the digital age. The sports club announced on Feb 19. it would be offering digital trading cards of its players through the blockchain-enabled platform Sorare.By using Ethereum technology, Sorare will provide…

Global economists continue to question the implications of blockchain implementation for central bank digital currencies. 968 Total views 3 Total shares Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), is not the right solution for a central bank digital currency, according to an economist at Switzerland’s central bank.Carlos Lenz, chief economist at the Swiss…

In the next five to 10 years, there will be more changes in the financial system than over the past two decades, PayPal's CEO predicted. 4462 Total views 40 Total shares The demand for cryptocurrency exceeded PayPal’s initial expectations after the firm launched crypto trading in late 2020, according to the company’s CEO.“Demand on the…

After the success of the automated market maker, or AMM, model for building decentralized spot exchanges, several projects are now racing to take this concept to the world of derivatives. One of these is Futureswap, an AMM-based futures exchange specifically designed for large trades.Futureswap has recently launched Version 2 of its platform, which features a…

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.  In this 30th edition of the Shanghai Man column, we preview the Wanxiang Shanghai Blockchain Week, an offline event that normally is the biggest…

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the potential collapse of the Grayscale Bitcoin Trust and its implications on the market. 1058 Total views 6 Total shares On this week’s The Market Report show, Cointelegraph’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse.We…

The leading United States digital currency exchange is backing Acala, Polkadot’s all-in-one DeFi hub. 971 Total views 10 Total shares Coinbase Ventures, the investment arm of the San Francisco-based digital currency exchange, has thrown its weight behind a layer-one blockchain designed to bring full-service DeFi to the Polkadot ecosystem.The investments are focused on Acala, the…

Four U.S. Senators said Sullivan & Cromwell was "simply not in a position to uncover the information needed to ensure confidence in any investigation or findings" regarding FTX. 62 Total views 1 Total shares Own this piece of history Collect this article as an NFTA group of four United States senators have criticized one of…

George Trosley’s racist drawings from his Hustler magazine days went unnoticed initially, but have since led to backlash. 1366 Total views 8 Total shares The Jungle Freaks nonfungible token (NFT) collection has lost roughly 80% of its trading value overnight after a series of racist cartoons drawn by one of its creators circulated on social media.…