Blockchain startup accelerator Cronos Labs has announced the launch of its second cohort for the Cronos Accelerator Program. The program, backed by a substantial $100 million investment, aims to support early-stage crypto projects by providing mentorship and funding opportunities. According to an announcement sent to Cointelegraph, Cronos Labs handpicked eight projects to participate in their accelerator program. Each of the…
Arthur Madrid, co-founder and CEO of Metaverse project The Sandbox, was the victim of a Twitter account hack on May 26, according to a post from Madrid that was apparently made after he recovered the account. The attacker allegedly used Madrid’s account to promote a fake “airdrop” phishing scam. In Madrid’s post, he warned The Sandbox users that they should…
EverQuest Producer Jeffrey Butler on How Ready Player One Led Him to Web3 Project Avalon Jeffrey Butler started his game development career producing EverQuest. Now, he’s Avalon’s Chief Product Officer. Butler told Decrypt’s Jason Nelson about how he wants to create a customizable world where users can create their own worlds and in-game content. Source: https://decrypt.co/videos/interviews/fdmq9t7l/everquest-producer-jeffrey-butler-on-how-ready-player-one-led-him-to-web3-project-avalon
The European Central Bank (ECB) has published a summary of the results of its digital euro central bank digital currency (CBDC) prototyping exercise. The exercise investigated offline use of a simulated digital euro and four other instances of interoperability with existing payments systems. The project was part of the second phase of Eurosystem preparations for a potential pilot launch of…
The pandemic may have brought about a storm, but it has also fostered fertile ground for innovation. The rise of AI, led by generative AI tools such as ChatGPT and Stable Diffusion, has not only aided the tech sector’s recovery but has also driven it towards unprecedented growth. As we look into the future, one thing is clear: AI is…
Chinese Bitcoin mining company Canaan reported slight improvements in some of its financial metrics in the first quarter of 2023. The progress, however, is still far behind where it was last year in this period. According to an unaudited report posted on its investor relations page, Canaan’s net loss was at $84.4 million in Q1, lower than its $91.6 million…
Financial giant JPMorgan Chase filed a trademark application for a finance-themed chatbot called IndexGPT earlier this month. According to the application filed on May 11 with the United States Patent and Trademark Office, the chatbot would be used for advertising and marketing services, an index of securities values, and online financial information and investment advice. “AI and the raw material…
The ETH balance decline began in September 2022, dropping significantly in November and December after the downfall of FTX. Source: https://cointelegraph.com/app/public/index.php/news/no-eth-to-trade-ethereum-exchange-balance-drops-to-a-5-year-low
Venture capital fund Andreessen Horowitz, also known as “a16z,” has released a Solidity library that can be used for anonymous voting on Ethereum. Called “Cicada,” the library prevents an individual voter’s choice from being known before polling ends. When combined with zero-knowledge (ZK) group membership systems like Semaphore, it can also make the identity of the voter permanently unknowable, according…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. After a bullish April, May was another month of exploits, rug pulls and hacks, bringing back uncertainty to DeFi. The most prominent headline marker in the past week was the Multichain protocol.…
