Ron DeSantis understands the ethos of cryptocurrency. For single-issue crypto holders, that puts him ahead of the pack in the 2024 presidential race. Crypto Twitter discussions about law and policy are informed chaos, a specialized cacophony. Despite the drama involved with Gov. Ron DeSantis’ announcement on Twitter that he was running for president in 2024,…

The proof-of-stake-and-activity (PoSA) consensus mechanism adds an extra layer of security to blockchain. Bitcoin launched with the ideal technology for the era it was introduced in. Proof-of-work (PoW), the underlying consensus that predates the first cryptocurrency, provides a self-sustaining mechanism where numerous miners around the world can contribute to verifying BTC transactions. As the crypto ecosystem expanded and…

The platform aims to consolidate the resources of academic institutions and enterprises in China, and bolster research efforts in areas related to the metaverse. On May 22, Nanjing, the capital city of China’s eastern Jiangsu province, inaugurated the China Metaverse Technology and Application Innovation Platform to advance metaverse research and development across the country. The…

On-chain detective ZachXBT believes that the project has “likely exit scammed” after bridging $31.6 million to multiple addresses on Tron and Ethereum. A crypto project called Fintoch, which claimed to be backed by investment banking firm Morgan Stanley, seems to have taken off with almost $32 million of its users’ funds, according to on-chain detective…

The Multichain protocol’s TVL remains largely unchanged at $1.6 billion despite a large sell-off in the token. On May 24, the token price of cross-chain router protocol Multichain (MULTI) fell by 30% over 24 hours to trade at $4.97 at the time of publication. The sell-off came after users reported that their multichain funds had…

Polygon co-founder Sandeep Nailwal says that speculation has been both the “boon and bane of crypto,” but genuine use cases will eventually rise to the surface. Sandeep Nailwal, the co-founder of the Ethereum scaling platform Polygon, believes Web3 gaming will eventually become one of the biggest drivers of mass crypto adoption. In a May 25…