Blockchain Fund Platform Solv Protocol Successfully Raises $6 Million, Japanese Bank Nomura Participates in Investment
Blockchain fund platform Solv Protocol announced that it has successfully secured an additional $6 million in investment, including Laser Digital from Japanese investment banking giant Nomura Securities, UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners, Bing Ventures, Apollo Capital, Backed by institutions such as HashCIB, Geek Cartel and Bytetrade Labs.
Quant Network Granted Patent for Groundbreaking Innovation in Blockchain Transaction Ordering
Quant Network has been granted a patent for their innovative approach to chronologically ordering transactions across multiple blockchains. This development could potentially enhance the efficiency, security, and transparency of blockchain operations. The newly secured patent acknowledges Quant's commitment to advancing the blockchain technology landscape and allows enterprises of all sizes to generate reliable, consensus-based records. By ensuring the chronological ordering of transactions, Quant Network's technology could potentially streamline the operations of various industries that rely on blockchain technology, including finance, supply chain management, and healthcare. This could boost trust in blockchain technology and encourage more businesses and individuals to adopt this revolutionary technology.
Former FTX CEO Suspected of Pulling Liquidity from BALD Meme Coin on Ethereum Layer-2 Network
Blockchain watchers are speculating that former FTX CEO Sam Bankman-Fried may be behind the recent liquidity pullout from the BALD meme coin on Ethereum layer-2 network Base. The wallets used by the culprit point towards Bankman-Fried, who is currently under house arrest and has limited internet access. The use of specific phrases by the BALD Twitter account and the on-chain activity also align with Bankman-Fried's court and bail dates. However, some acknowledge that the accusation remains speculation, and the story is still unfolding.
Smart Contracts: A Proof-of-Concept Rather Than a Universal Solution
Although smart contracts have transformed the potential of blockchain and cryptocurrency, they are not a perfect solution for widespread adoption. It is outdated to assume that new technology is flawless, and this can create an adversarial relationship with regulators. Mainstream adoption of smart contracts is hindered by a lack of Bitcoin support and the difficulty of connecting crypto and fiat through a smart contract framework. Smart contracts need to be altered to maximize security and privacy, and viewed as a "proof-of-concept" rather than the key to universal adoption. To ensure the future of crypto, there needs to be a consistent dialogue with traditional finance and a prioritization of development to address obstacles preventing fiat interoperability and ease of access.
Shanghai Releases Sweeping Plan for 'Pujiang Digital Chain'
Shanghai, China's technology and commercial center, has unveiled its plan to promote urban blockchain digital infrastructure, called the "Shanghai City Promoting Urban Blockchain Digital Infrastructure System Project Implementation Plan (2023-2025)." The plan aims to fully operationalize the "Pujiang Digital Chain" by 2025, which will support and integrate the city's government affairs, public services, and industry. The chain will include capabilities for data identification, digital payment, and supervision, and will improve the traceability of the region's trade and agricultural produce. The plan also includes the integration of the Yangtze River Delta region, which accounted for 20% of China's GDP in 2018 and represented 39% of the country's total foreign direct investment inflows.
Curve Cracked: How $52M Vanished in a Vyper Vulnerability
The reentrancy attack on Curve Finance serves as a regrettable security incident and a thought-provoking lesson.
Ethereum Sees Record-Breaking MEV Rewards in Recent Blocks
On July 31, 2023, Ethereum experienced some of its largest Miner Extractable Value (MEV) reward blocks in history, according to blockchain researcher Eric Conner. MEV refers to the amount of value that miners can extract from a blockchain by reordering transactions and manipulating the order in which they are processed.
Common Computer raises KRW 8 billion in Series B bridge round
Blockchain cloud services company Common Computer has raised KRW 8 billion in a Series B bridge round.According to Common Computer, "We have secured KRW 5 billion in strategic investment from healthcare company InBody, and additional investment from existing investors such as HB Investment."
Cardano Founder Charles Hoskinson Explains Why He Does Not Have a Public Wallet Address
Charles Hoskinson, the founder of Cardano, has explained that he does not have a public wallet address due to security concerns. He stated that unauthorized transactions could be sent from sanctioned nations or wallets, potentially leading to the blacklisting of his account. Hoskinson's explanation sparked a discussion among the community, with some questioning whether his viewpoint suggests a shift towards contingent transactions on Cardano. However, others defended Hoskinson's right to manage his interactions in the way he deems fit, given the open and permissionless nature of blockchain.
Lugano to Host NFT Festival with Art, Music, and Gaming Events
The NFT Lugano Week festival, which has been a successful event in the past, is expanding this year with the support of crypto companies, local institutions, and universities. The festival will take place in the city center and will feature three specific areas: NFT Art, NFT Music, and NFT Gaming.
