The government of Dominica has partnered with smart contract blockchain platform Tron to issue Dominica Coin (DMC), a token that promotes the Caribbean nation’s natural and cultural heritage. The DMC token, developed on the Tron blockchain, will utilize the mechanics of a fan token. Fan tokens are normally associated with sports teams, enabling token holders to vote on governance issues like…
sponsored Dominica is a sovereign island nation in the Caribbean Sea, known as the “Nature Island of the Caribbean” because of its outstanding natural beauty. Following the signing of a new agreement with TRON, the country is now set to embrace blockchain technology and provide a model for integrating small nations into the global economy of the future. TRON to…
Members of the United Kingdom’s House of Lords have introduced legislation aimed at eliminating the need for paper trade documents, increasing the likelihood of using blockchain technology to trace records. In an Oct. 12 announcement, MP Michelle Donelan and the U.K. Department for Digital, Culture, Media and Sport said the Electronic Trade Documents Bill had been introduced in the c…
Cryptography hardware technology company Fabric Systems raised $13 million in a seed round from investors to build energy-efficient Bitcoin mining hardware. The money came from early stage investment firm Metaplanet, run by Skype co-founder Jaan Tallinn, crypto exchange Blockchain.com, and venture firm 8090 Partners. The investment from Metaplanet is not Tallinn’s first foray into crypto: a keen Bitcoin enthusiast, the…
Venture financing for the blockchain industry remained robust in the third quarter, even as bearish conditions ravaged digital asset markets, a sign that venture capital firms were focused more on the long-term value proposition of the sector. Blockchain games and metaverse projects raised a cumulative $1.3 billion in venture capital between July and September, according to DappRadar’s latest BGA Games…
In brief Solana (SOL) fell below $30 this morning for the first time since June, per data from CoinGecko. The network has faced ongoing stability issues, including a period of downtime on September 30. The crypto market is in the red this morning amid continued wider economic turmoil, and top coins like Bitcoin and Ethereum are both down today alongside…
Artificial intelligence (AI) is a mainstay in many Web3 activities. From nonfungible token (NFT) creation to fraud detection, it is integral to the roots of what makes up decentralized technology. Mona, a Miami-based 3D metaverse development and Web3 social platform, unveiled an AI-powered 3D generator for material design. The tool allows designers and creators on the platform the ability to input…
Shiba inu fell to a four-month low on Thursday, as consumer prices in the United States rose by more than expected. U.S. inflation came in at 8.2% in September, which is higher than the 8.1% consensus expectation. Solana was in the red as well, as the token also hit a multi-month low. Shiba Inu (SHIB) Shiba inu (SHIB) dropped to…
Decentralized exchange Uniswap Labs has raised $165 million in a Series B funding round that had participation from some of blockchain’s biggest venture firms, putting the company on track to expand into other crypto-focused domains. The funding round was led by Polychain Capital with additiona participation from several existing investors, including Andreessen Horowitz, Paradigm, Variant and SV Angel. The funding round…
Bitcoin (BTC) delivered classic volatility on Oct. 13 as United States economic data shook markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader sticks by $21,000 target Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it presented some textbook moves to accompany the U.S. Consumer Price Index (CPI) print for September. Coming in at 0.1% above expectations year-on-year,…
