The new layer relies on Bundlr, a decentralized storage platform built on Arweave, for mass storage of social media data. The team behind Lens, a Web3 social media protocol, has announced the launch of a new “layer 3” network to scale blockchain social media apps. Called “Bonzai,” the new network processes and stores posts, comments...Continue Reading

After the FTX scandal focused the international spotlight on it, the Securities Commission of The Bahamas completes its regulator overhaul. The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2023 on April 25. The sweeping bill will undergo a consultation period with the goal of...Continue Reading

Sotheby’s auction house is set to sell NFTs that are part of collapsed crypto hedge fund Three Arrows Capital’s digital collection. In this week’s newsletter, read about how Romania plans to drive Web3 adoption in the country using NFTs. Check out how Sotheby’s will auction off some NFTs of the collapsed crypto hedge fund Three...Continue Reading

The Web3 security firm urges the rogue developer to return 80% of the stolen funds and offers 20% as a white hat bounty. Blockchain security firm CertiK is launching a compensation plan with Ethereum layer-2 scaling platform zkSync Era to cover the $2 million lost during a public sale of decentralized exchange Merlin’s MAGE tokens....Continue Reading

Legislators in South Korea passed a first-phase review of proposed cryptocurrency regulations that include relatively harsh sentencing recommendations. South Korean legislators passed a first phase review of proposed regulations that would give the nation’s Financial Services Commission authority to investigate and supervise financial activity related to “digital assets,” including cryptocurrency. The proposed bill comes with...Continue Reading

Xirtam token’s scheduled initial airdrop offering was canceled at the eleventh hour following an alleged pricing dispute. On April 26, Xirtam token’s scheduled initial airdrop offering (IAO) on the Arbitrum decentralized exchange AlienFi was canceled minutes before launch.  It was not immediately clear which party was responsible for the cancelation. In a series of screenshots shared on...Continue Reading

Binance users based in the United States are now able to create Web3 domains that serve as digital identities in a new partnership with Unstoppable Domains. Binance.​US users will soon be able to set up decentralized domains that will serve as digital identities across the Web3 ecosystem through a new partnership with Unstoppable Domains. The...Continue Reading

The latest Cointelegraph Report tries to make sense of the Security and Exchange Commission’s ongoing crypto crackdown, its rationale, and the potential outcome. The Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, has been at the forefront of the United States’ cryptocurrency crackdown. In the last few months, the agency has filed several...Continue Reading

BTC price targets are reaching past the recent ten-month highs with Bitcoin bulls emboldened by First Republic losses. Bitcoin (BTC) tagged $30,000 into the April 26 Wall Street open as bulls gained further momentum from United States banking woes. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Hayes: “Uncertainty” driving BTC price, gold Data from Cointelegraph...Continue Reading

The new protocol burns coins on the sending chain, and mints new ones on the receiving chain. Circle, the creator of US Dollar Coin (USDC), has launched a mainnet protocol that lets users transfer USDC between Ethereum and Avalanche, according to an April 26 announcement. Previously, Avalanche users who held USDC on Ethereum had to...Continue Reading