After the collapse of FTX, Web3 VCs say they believe in decentralized tech as much as ever. What the hell else can they say? – Ben Munster writes on Decrypt. Given the contagion and chaos we have witnessed since Sam Bankman-Fried’s crypto exchange FTX had a sudden multibillion-dollar coronary, you may be tempted to conclude…

Polygon founder Mihailo Bjelic makes the case for zero knowledge technology. In 2015, the Ethereum protocol proposed a vision for a decentralized world computer capable of rearchitecting a free and open internet – removed from the whims and constraints of centralized entities. While Ethereum has become the foundation for Web3 as we know it, its…

Top crypto news from the Middle East region over the last week (Dec. 10–23, 2022): MAG partners with CoinMENA to facilitate property transactions using cryptocurrency MAG, the leading real estate developer in the UAE, has signed an agreement with CoinMENA, a leading crypto asset service provider in the Middle East and North Africa (MENA), to…

The BNB Chain has seen its number of unique addresses on the blockchain grow significantly that the network now surpasses by that metric Ethereum, the second-largest cryptocurrency by market cap. In a blog post shared by the BNB Chain’s developers, they claim to be the “largest layer-1 blockchain in the world” because of the rise….

The Avalanche developers rolled out the “Banff 5″ software upgrade to introduce Avalanche Warp Messaging. The upgrade will let Avalanche subnets easily communicate and share data. Ava Labs has upgraded AvalancheGo – the software implementation of the blockchain in the Go programming language – to “Banff 5.” The new upgrade is crucial for the Avalanche…

Leading NFT marketplace OpenSea is actively delisting Cuban artists and users to comply with US sanctions, Artnet News reported. While most blockchain technology is decentralized, large centralized platforms comply with international sanctions. The news came after the Twitter account of NFTcuba.ART shared a screenshot of an email explaining that an account had been “disabled due…

Crypto exchange OKX published its second proof-of-reserves report, a month after its first, in a continuing effort among crypto exchanges to provide evidence they are handling customer funds safely following the collapse of FTX. Meanwhile, the proof-of-reserves method used, following the collapse of FTX has been criticized by the SEC. In a statement, OKX said…

Amid a massive downturn in the crypto market, stablecoin usage and adoption are still increasing. Stablecoin settlement reached $8 trillion in 2022, rivaling Visa with $12 trillion. According to CoinMetrics, the total value settled by them in 2021 was just over $6 trillion. In 2022, the value settled could top $8 trillion. Peter Johnson, co-head…

Monthly sales on metaverse platforms have fallen 96% in 2022, The Block’s new report revealed. The Sandbox reclaimed its market dominance among metaverse platforms, while Decentraland finished the year with the most valued metaverse land parcels. According to The Block Research’s 2023 Digital Asset Outlook report, Metaverse platforms brought in $49.2 million in monthly trading…

Jameson Lopp, the co-founder of Casa, shared CoinGecko’s report on the cryptocurrencies that collapsed after being listed on CoinGecko from 2014 to 2022. 3,322 coins introduced during the “meme season” of 2021 are now defunct. According to the report from Julia Ng, CoinGecko’s head of growth, 3,322 cryptocurrencies listed on CoinGecko in 2021 have collapsed,…