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A new bridged token from cross-chain protocol LayerZero is drawing criticism from nine protocols throughout the Ethereum ecosystem. A joint statement from Connext, Chainsafe, Sygma, LiFi, Socket, Hashi, Across, Celer, and Router on October 27 called the token’s standard “a vendor-locked proprietary standard,” claiming that it limits the freedom of token issuers. Today, we’re announcing a unified call for Open Bridge Standardsalongside @AcrossProtocol @CelerNetwork @ChainSafeth @buildwithsygma @lifiprotocol @SocketDotTech @routerprotocol and @hashialliance pic.twitter.com/D4CLw2lBD1 — Connext (@ConnextNetwork) October 27, 2023 The protocols claimed in their joint statement that LayerZero’s new token is “a proprietary representation of wstETH to Avalanche, BNB Chain, and…

Researchers from Florida Atlantic University and the University of Mississippi recently published research indicating that blockchains with “full” blocks — especially when there’s a transaction queue — appear to have an added layer of protection against nefarious actors, money launderers and would-be fraudsters. Dubbed “Bitcoin Blocksize, Custodial Security, and Price,” the team’s paper takes a deep dive into the Mt. Gox crash and other instances where cryptocurrency has been stolen from crypto exchanges. The study’s premise lies in the notion that the perpetrators of illicit activity wish to complete laundering transactions as soon as possible. Per the paper: “This investigation…

Parallel Studios is on the brink of expanding its Web3 gaming prowess with 120 additional sci-fi NFT trading cards dubbed ‘Planetfall’ through a presale of mysterious blind bundles on October 28 at 3 pm (EST).Gamers will shortly be faced with a trifecta of unique card bundles that introduce brand-new keys and rare collectible items in the Parallel game. The ‘Player Pack’, priced at around $32 (0.018 ETH), and ‘Collector’s Pack’, costing approximately $320 (0.18 ETH) (granting rarer cards than the former), both entail 10 cards each. The ‘Collector’s Crate’, however, is the one to watch out for, offering 10 Collector’s…

As narratives about corruption in Ukraine evolve, the Ministry of Digital Transformation hopes blockchain could solve that problem. While Ukraine still ranked the second most corrupt country in Europe, after Russia, it is now exploring new ways to battle corruption for fear of losing support from the West. The head of the virtual assets expert group at the Ministry of Digital Transformation of Ukraine, Yulia Parkhomenko, spoke at the panel discussion held by the Center for Strategic & International Studies. She said the ministry sees new possibilities in blockchain technology in making the Ukrainian government more transparent. She particularly noted…

Affine might be a single DeFi platform, but it links to many blockchains. To ensure all these chains can communicate securely, they’re allying themselves with CCIP Chainlink. At the moment, Affine is actively using Polygon and Ethereum networks. Both of which have seen substantial growth in their decentralized banking systems. This is a big step for Affine if we consider Chainlink’s track record for providing safety and reliability in its Web3 realm. Also, the CCIP network has an independent group called the Risk Management Network backing them up. It’s always monitoring and monitoring cross-chain processes from cyber-related thefts. With the…

Footprint Analytics and Chainplay have formed a pioneering blockchain and Web3 gaming coalition that might change the game industry. Innovation in gaming through data and technology begins with this collaboration. Leading blockchain data vendor Footprint Analytics offers Web3 builders comprehensive and scalable data services. Visualization tools and a multi-chain API that supports over 20 blockchain networks help them turn blockchain data into insights. Footprint Analytics is crucial for NFTs, GameFi, DeFi, and Web3. Footprint Analytics and Chainplay to Revolutionize>on-chain data are included. Chainplay tracks and analyzes gaming activity using this enormous data, providing gamers with valuable information. The Chainplay purpose…

For the most part, nonfungible tokens (NFTs) have two primary use cases: Buying and selling digital products (digital art, virtual fashion items) and building digital communities (exclusive memberships, access to events). These use cases can be easily adopted by brands and companies, such as fashion brands selling digital clothes, various companies offering NFT-based club memberships and musicians holding exclusive concerts for their fans. Traditional German companies are also jumping on the bandwagon, recognizing the potential of NFT technology to innovate and market their products and services. Deutsche Post combines NFTs and AI Deutsche Post, the German postal service, will release…

The dYdX Chain will allocate all accrued fees to its network validators and stakers, in addition to expanding the DYDX token’s capabilities on the version 4 platform. As of 1 p.m. EST yesterday, the alpha mainnet of the dYdX Chain became operational, with validators creating the genesis block. This marked a notable phase transition for the decentralized derivatives platform. In a latest update, the dYdX Foundation confirmed the extended utility of the DYDX token in version 4, emphasizing its vital role in bolstering network security and governance. The token will be staked to network validators, and all protocol fees —…

Among the latest crypto news is the Nomic project, a decentralised, non-custodial bitcoin bridge that will allow BTC to be universally accessible within the Cosmos ecosystem. Once upgraded, the Nomic DAO Foundation’s new bridge will allow BTC deposits and withdrawals throughout the Cosmos network. Crypto news: Bitcoin accessible on Cosmos network thanks to Nomic bridge Crypto News: Bitcoin is accessible in the Cosmos ecosystem with Nomic’s nBTC ATOM price up +9.5% in the last 7 days, but it’s a recovery Crypto news: Bitcoin accessible on Cosmos network thanks to Nomic bridge The Nomic DAO Foundation announced that Nomic’s decentralised, non-custodial…

On Oct 24, NvirWorld and EMERGE Group signed a Memorandum of Understanding (“MoU”), to collaborate on blockchain gaming development. This partnership aims to harness various marketing opportunities that will elevate both entities’ brand recognition and cultivate industry best practices. The MoU sets the stage for a long-term alliance between NvirWorld and EMERGE Group, focusing on their joint web3 gaming and marketing endeavors. Notable components of this partnership encompass cooperative marketing campaigns, the organization of conferences and offline events, and engagement with affiliate marketing partners and Key Opinion Leaders (“KOL”) in South Korea and Southeast Asia. Photo: From left to right:…