R3 explores strategic options amid blockchain industry challenges
R3 started out as a consortium and grew fast. Now it is reportedly waiting to see where fate takes it next.
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Here’s how Polygon is challenging the limitations of Ethereum, as told by co-founder Sandeep Nailwal
Polygon (MATIC), a layer-two network designed for scaling and application infrastructure development on Ethereum (ETH), has been making the rounds among blockchain enthusiasts as of late. From its $1 billion investment into zero-knowledge technology to co-launching a $200 million Web 3.0 social media initiative up to integrating with Opera's web browser to make its decentralized apps accessible…

Polygon CDK to power Web3 loyalty program for Indian e-commerce Flipkart
Flipkart shared plans to use Polygon CDK as the base to build an Ethereum-based ZK layer-2 network, which can help the e-commerce platform scale future growth and streamline its service. 120 Total views 2 Total shares India’s homegrown e-commerce giant Flipkart will use Polygon’s chain development kit (CDK) to launch a Web3 loyalty program.On Dec.

Legal proceedings start for Terraform Labs co-founder in South Korea: Report
Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin's trial preparations in South Korea are reportedly underway. Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, has reportedly had his first hearing for charges related to allegedly illicit profits from the sale of Terra (LUNA).According to a July 10 report…

Congressman jokes about a Mongoose Coin: Now it exists
His speech inspired a bunch of mongoose-related tokens including Mongoose Coin, Son of Mongoose and Baby Mongoose. 1678 Total views 26 Total shares Democratic representative for California Brad Sherman joked about how ridiculous a “Mongoose Coin” would be on Wednesday — and by Friday it had become a reality. During Wednesday’s hearing on crypto at…

FCA issues warning, bans Pump.fun in the UK
The United Kingdom’s financial watchdog has blocked Pump.fun following a warning that the firm is not authorized in the country.

Blockchain can stamp out fake news and rebuild trust in mass media
Fact-checking agencies are in charge of verifying facts and claims in the news that may be distorted in the process of rewriting or for any political purposes. The news text may consist of truthful information written in a neutral format peculiar to the news, but one sentence may contain a false fact or claim whose…

Fed paper looks at theoretical role of remuneration, convenience in CBDC design
The discussion paper reviews the literature on the impact of CBDCs in large, developed economies and draws some conclusions and specific design elements. 426 Total views 5 Total shares The importance of remuneration in the design of a central bank digital currency (CBDC) was emphasized in a paper the United States Federal Reserve Board released…

a16z shines the spotlight on DAOs by leading Syndicate’s Series A
Syndicate’s vision for decentralized autonomous organizations was one of the biggest selling points for Andreessen Horowitz. 151 Total views 64 Total shares California-based venture fund Andreessen Horowitz announced Tuesday that it is leading a Series A investment round for Syndicate, a decentralized platform with a lofty vision to democratize investing by allowing users to create…