ChromaWay Acquires Fashion Brand BLK DNM to Integrate Blockchain Technology and Promote Responsible Industry Behaviors
ChromaWay, a blockchain technology company based in Stockholm, has acquired the Swedish-American fashion brand BLK DNM. The acquisition is part of ChromaWay's goal to implement decentralization in traditional industries and create positive behavioral change.
Ledger Faces Backlash from Web3 Community Over Controversial Firmware Update on Nano X Hardware Wallet
Ledger received criticism from the Web3 community for its firmware update on the Nano X hardware wallet, which would have required users to undergo KYC procedures and rely on third-party services to recover their private keys. The company reversed its decision and pledged to open-source more of its codebase, but the issue of a single point of failure in hardware wallets remains.
SEC Scrubs Biography Page of Former Director Involved in Ripple Case
The SEC has made significant changes to the biography page of William Hinman, the former director of the SEC's corporation finance division, removing much of the information about his professional past. Hinman is known for a speech he gave in 2018 about how decentralization impacts the regulatory classification of Ethereum and Bitcoin. The SEC's alterations to his biography page have raised questions about the agency's motives, with some speculating that they are preparing to "throw him under the bus" in the ongoing case against Ripple over the XRP token. Hinman's notion of decentralization is also being incorporated into legislative proposals aimed at the digital assets industry.
BitMEX Founder's Family Office Launches Maelstrom Fund Focused on Decentralization and Blockchain-Based Financial Products
Arthur Hayes' family office has launched a new fund called Maelstrom, which is focused on investing in startups with mission-critical offerings, high-quality founders, and complementary business models. The fund is also positioning itself for the future of decentralized systems and blockchain technology, with a focus on investing where there is no conflict between regulatory concerns and decentralization.
Global Blockchain in Gaming Market Size Expected To Reach USD 301.53 Billion by 2030
According to a report by ResearchAndMarkets, the global blockchain in gaming market size is expected to reach USD 301.53 billion by 2030, growing at a CAGR of 68.3% from 2023 to 2030. The market's growth can be attributed to the growing shift from traditional games to blockchain-based games, driven by the demand for actual ownership and control of in-game assets, transparency, and new monetization opportunities.
Decentralized Exchange Script Development: Unlocking the Future of Trading
Decentralized finance (DeFi) has been gaining popularity in recent years, with the emergence of blockchain technology and cryptocurrencies.
SEC Crackdown on Crypto Staking in the US Could Boost Decentralization
The Ethereum network underwent the successful Shapella hard fork on April 12, allowing validators to withdraw their long-staked Ether (ETH) from the Beacon Chain after three years. In the first week of withdrawals, more than a million ETH was unstaked by validators.
Decentralized Autonomous Organizations (DAOs): The Future of Organizations or a Flash in the Blockchain?
Decentralized autonomous organizations (DAOs) are a new form of digital entities that operate without a central authority or hierarchy.
Web3 and the Future of Data Privacy: How Decentralization is Transforming the Way We Share Information
Data privacy has become a growing concern as our lives become increasingly digital. The current centralized internet architecture often results in a concentration of power and control over user data in the hands of a few large corporations.
Cardano Dynamic P2P Network Upgrade Facilitates Decentralisation Movement
Cardano is gearing up to make a significant leap towards full decentralization with the imminent release of node 1.35.6. The upgrade is set to bring full Peer-to-Peer (P2P) networking to the platform, delivering a substantial boost to its network performance, resilience, and decentralization.
