Ethereum scaling solution Polygon has announced it will dedicate a maximum of 250 million MATIC tokens ($627.5 million) to a deal with zero-knowledge cryptography startup Mir. Zero-knowledge algorithms enable external validators to verify encrypted transactions or documents without revealing the sensitive information hidden underneath. It is useful for complex decentralized finance applications, such as decentralized ride-share apps or decentralized health…
Illinois Representative Marie Newman has disclosed she purchased up to $50,000 in exposure to crypto through shares of Grayscale Bitcoin Trust. According to a financial disclosure report filed with the U.S. House of Representatives on Wednesday, Congressperson Newman bought between $15,001 and $50,000 of GBTC between Nov. 9 and last Saturday. In addition, she conducted four separate purchases of shares…
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown: After the market news update, the hosts chat with special guest Ran Neuner, co-founder and CEO of Onchain Capital and founder of “Crypto…
In brief Palm NFT Studio announced a $27 million Series B investment round including Microsoft’s M12 venture fund and Warner Bros. The Palm protocol is an energy-efficient Ethereum sidechain that has thus far been used for art, entertainment, and sports NFT projects. As the NFT space expands and flourishes, creators are looking for ways to minimize Ethereum’s sizable environmental impact,…
Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private firms. France and Switzerland Explore Direct Transfer of Euro, Swiss Franc Wholesale Digital Currencies An experiment carried out by…
Business intelligence firm MicroStrategy has added 1,434 Bitcoin to its coffers after purchasing the crypto asset at an average price of $57,477. According to a Thursday filing with the Securities and Exchange Commission, MicroStrategy purchased 1,434 Bitcoin (BTC) between Nov. 29 and Dec. 8 for roughly $82.4 million, making its total holdings 122,478 BTC. With the recent buy, MicroStrategy’s holdings…
It takes time to build a press operation so effective that you can chalk up a $100 million legal fine as a victory—but Craig Wright, the Australian computer scientist who claims to be the inventor of Bitcoin, managed to pull it off. On Tuesday, Wright, 51, was compelled to pay $100 million to a business venture called W&K Info Defense…
Late Wednesday, Joseph Delong, chief technology officer of SushiSwap, the 13th largest decentralized exchange, or DEX, by trading volume, tendered his immediate resignation from the role. Explaining his decision, Delong gave the following statement: “I wish Sushi the best and am saddened that Sushi is so imperiled within and without. The chaos that is occurring now is unlikely to result…
In brief Rainmaker Games is building a platform to connect the rising play-to-earn games industry. The startup raised a $6.5 million seed round including backers like Animoca Brands and Alameda Research. Ethereum-based monster-battling sensation Axie Infinity has shown the potential for play-to-earn gaming, but the burgeoning business model may yield many more games, players, and crypto-fueled careers in the years…
The Graph Foundation has announced a $60 million eight-year funding grant to Semiotic AI in a bid to expand the start-up software firm’s research and development capacity in sectors of cryptography and artificial intelligence. Specifically, the partnership will focus on building the architecture required for automated and verifiable indexing and querying on the Graph, in addition to developing micropayments functionalities…
