The forthcoming multichain system will use zk proofs to transfer assets between networks. Polygon Labs, creator of the Polygon network, has proposed an architecture for its forthcoming “Polygon 2.0” project. The team suggested in a June 29 blog post that the new project should be made up of four different “layers” that will combine to...Continue Reading

The top 100 DeFi tokens didn’t see much change in price over the past week, with the majority posting minor weekly gains. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The second quarter of 2023...Continue Reading

Approximately $215 million of stolen assets have since been recovered. According to a June 30 report by Web3 security firm Beosin, the total value of cryptocurrencies lost in scams, hacks and rug pulls amounted to $656 million during the first half of 2023. This includes the loss of $471.43 million in 108 protocol attacks, $108...Continue Reading

Speaking with Cointelegraph at the Collision Conference, in Toronto, crypto veteran Yat Siu outlined how crypto firms can cope with unique environments, stressing that it is not “as bad as it sounds”. The crypto space has been in an uneven state around the world, with Web3 startups flourishing in the Middle East and Asia, while...Continue Reading

The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month. According to a report by local news outlet Digital Asset, South Korean crypto lending firm Delio is currently under investigation by the country’s Financial Services Commission (FSC) as of June 30. The Commission alleges fraud,...Continue Reading

The latest Cointelegraph Report assesses the current growth rate of global cryptocurrency usage and tries to predict when crypto will reach mass adoption. Cryptocurrencies must reach mass adoption to unlock their maximum potential as a network technology and their value as financial assets.  As with other technologies, the adoption of crypto follows a classic bell...Continue Reading

Are regulators trying to disarm crypto-native companies in order to pave the way for Blackrock to steamroll the industry? There is no doubt that BlackRock’s spot Bitcoin exchange-traded fund (ETF) application — and the flood of contenders that followed — has buoyed the bulls. It could signal the winds of change in the regulatory sphere,...Continue Reading

Decentralized solutions can make academic research more secure and more accessible. Academic institutions house some of the world’s most important data generated from years of research. Yet centralized data storage models are becoming a concern for many universities looking to keep critical information safe and accessible.  Danny O’Brien, a senior fellow at the Filecoin Foundation...Continue Reading

Bitcoin ETF applications need refiling, the SEC says, but as BTC price dips to $29,500, markets instantly fear that the fight is over. Bitcoin (BTC) fell below $30,000 after the June 30 Wall Street open as markets panicked over the fate of its first spot exchange-traded funds (ETFs). BTC/USD 1-hour chart. Source: TradingView Bureaucratic error...Continue Reading

Explore the IMF’s objectives, governance structure and key functions in promoting global financial stability. Maintaining stability in the international financial system is essential for sustaining economic growth in a connected global economy. In this context, the International Monetary Fund (IMF) is essential for fostering international monetary cooperation, maintaining exchange rate stability and managing financial crises....Continue Reading