BNB Chain hard fork to improve security and compatibility with EVM chains

    Binance’s BNB Chain is set for two upgrades aimed at improving the finality of the network and compatibility with other EVM blockchains. Binance’s BNB Chain is set to undergo two hard forks in August 2023 to reduce the possibility of a malicious blockchain reorganization and increase compatibility with other Ethereum Virtual Machine (EVM) blockchain networks. The Plato…

    19% of New Yorkers own cryptocurrency: Coinbase report

    Coinbase highlighted that there are 692 blockchain organizations and more than 800 founders in New York. A Coinbase report series highlighting crypto innovation at the state level in the United States has recently published its fourth edition, which features New York. The report highlighted various milestones the state reached regarding crypto adoption. Within the report,…

    Base network has officially launched: Here’s how it can be used

    Coinbase’s Base network completed its phased launch on Aug. 9 and is officially open to end-users. Coinbase’s Base network has officially launched after spending a few weeks in an “open for builders only” phase. The network is now ready to onboard users, according to an Aug. 9 announcement from the team. Several Web3 development teams…

    Aptos token rises 11.6% after Microsoft deal to marry AI with blockchain

    APT pumped 17.6% within the first 50 minutes before cooling off to $7.51 — still 11.6% above pre-announcement levels. Aptos, the cryptocurrency powering layer-1 blockchain Aptos Network, is up approximately 11.6% since announcing it will leverage Microsoft’s suite of artificial intelligence tools to advance Web3 adoption among banks and financial enterprises. This will be achieved…

    10 obstacles to cross-chain interoperability (and how they can be overcome)

    Cross-chain operability may only be achieved when there’s not only a way, but a will to move forward. Even crypto industry outsiders are gaining clarity on the benefits of blockchain technology, which is a significant step forward for the ecosystem. However, a challenge remains: The industry still struggles with interoperability between blockchain networks. Unless different…

    Why is Bitcoin price stuck?

    Bitcoin price is stuck today, but several data points suggest it won’t be for too much longer The price of Bitcoin is stuck, fluctuating inside a narrow trading range with futures markets remaining flat nearing all-time lows. Why is Bitcoin price stuck? Bitcoin price is going through an unusually calm period, with several volatility indicators reaching…

    BlackRock insiders say Bitcoin ETF is likely 6 months away: Novogratz

    “We’re going to fight like cats and dogs to win market share” once spot Bitcoin ETFs are approved, Galaxy Digital CEO Mike Novogratz told shareholders. The United States’ first spot Bitcoin exchange-traded fund (ETF) could be approved sometime before February, according to Galaxy Digital CEO Mike Novogratz, citing sources at BlackRock and Invesco. “It’s a big, big deal….

    UAE signs deal to develop carbon credit system on Venom Foundation blockchain

    The UAE recently announced that it intends to reduce carbon emissions by 40% by 2030, a marked increase over its previous pledge. The United Arab Emirates Ministry of Climate Change and Environment (MCCE) is developing a carbon credit system in a preliminary partnership with the Industrial Innovation Group and the Venom Foundation. Blockchain technology is utilized…

    Decentralized asset management system launches for Arbitrum, Optimism

    Valio has launched publicly, allowing investors to back money managers through a decentralized process. Decentralized asset management platform Valio has launched publicly, according to an announcement from the platform’s team. The new protocol allows users to have their funds managed by professional traders but without having to trust these traders as custodians. The app’s launch…

    PayPal USD: Boon for Ethereum but not decentralization, says community

    Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed central bank digital currency. PayPal’s new Ethereum-based stablecoin, PYUSD, has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it…