Following the initial incident on Feb. 25, Solana resolved the blockchain’s performance degradation after validators decided to restart the network. According to an outage report following more than 24 hours of downtime, Solana developers detailed that the “root cause is still unknown and under active investigation.” Social Media Mocks Solana’s 10th Downtime, Supporters Defend Project Solana has faced renewed criticism…
Social media and the crypto and blockchain industries seem to be a perfect fit. What better way for companies in the industry to communicate in real time and build communities than through the platforms designed for doing just that? While many marketing firms and industries are highlighting “fresh” sites like TikTok, much of the crypto audience remains devoted to Twitter,…
A group of video game industry veterans have teamed up to form Web3 gaming company Avalon Corp and have raised $13 million in funding in a round led by Bitkraft Ventures. Hashed, Delphi Digital, Mechanism Capital, Coinbase Ventures, and others participated in the round. The round also secured funding from angel investors like Twitch cofounder Kevin Lin and former Microsoft…
After profile pictures, NFT creators forayed into the world of gaming, with limited success in breaking into gamer culture. These days, though, Worldwide Webb founder Thomas Webb thinks this sentiment is changing. Webb told Decrypt at this year’s NFT Paris that “the real challenge for us is going to be showing gamers that NFT games aren’t just about minting and…
On Monday, Feb. 27, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain crossed 200,000 at 1:02 p.m. Eastern Time. In addition to the 200,000 inscriptions, Yuga Labs, creators of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), revealed that the team had created a collection of 300 generative ordinal NFTs called Twelvefold. Bitcoin Clocks Over 200,000 Ordinal…
Japan has consistently been a leader in the tech industry, so it’s a logical step forward that, given current trends in the space, the Cool Japan movement might incorporate Web3 to strengthen its initiative. Bringing Web3 into the mix alongside the popular culture aspects of the movement could prove a boon for the mission, but this move has not yet…
Web3 gaming offers several unique features like high transparency and greater control not possible on traditional centralized gaming platforms. First, Web3 games provide high transparency since peer hosting ensures the players have all information, without a centralized third party limiting or hiding access. These games are effortlessly accessible to gamers. Buying cryptocurrency and setting up a wallet to start playing…
The United Kingdom is not ready to issue a central bank digital currency (CBDC) just yet as the Bank of England (BoE) doesn’t have enough expertise at the moment, according to a deputy governor. There is more than a 50% chance that the central bank of the United Kingdom would issue a CBDC, but the regulator doesn’t have the technical…
Bitcoin and ethereum were trading lower on Feb. 28, as markets anticipated the release of the upcoming U.S. consumer confidence report. The data, which is for February, is expected to show a slight increase in confidence for the month. This will likely result in the Federal Reserve maintaining its rate hike policy next month. Bitcoin Bitcoin (BTC) fell for a…
Mobile payments processor Cash App has integrated crypto tax and accounting software TaxBit into its services, giving Bitcoin (BTC) holders a more streamlined approach to reporting their taxes. As of Feb. 28, Cash App users can now keep track of their Bitcoin transactions for tax reporting purposes using TaxBit, both companies announced. TaxBit’s chief operating officer Lindsey Argalas said her…
