ZelCash(ZEL)

SingularityNET CEO Ben Goertzel said it’s important to make AI systems available in decentralized networks and not controlled by elite groups.

Dogelon Mars (ELON) is a meme coin that has been gaining popularity in recent months. The token is named after the dog of Elon Musk, Dogecoin co-founder Billy Markus, and Dogecoin mascot Floki Inu. ELON is the fastest rising asset in crypto, ahead of Bitcoin (BTC), Chainlink (LINK), and Bluzelle (BLZ), in terms of discussion […]

Ethereum automated market maker (AMM) Balancer, has put out an official disclosure to confirm that it had been exploited for approximately $900,000 (USD). The news comes just days after the decentralized finance protocol highlighted a vulnerability affecting several of its pools. Blockchain security expert Meier Dolev identified an Ethereum address believed to belong to the alleged attacker. Subsequent to the exploit, this address received two transfers of the Dai (DAI) stablecoin, amounting to $636,812 and $257,527 respectively. According to Dolev, the account affected over $893,978 in balance. Through a statement on the social platform X, formerly known as Twitter, the Balancer team acknowledged the situation. They stated, “Balancer is aware of an exploit related to the vulnerability below.” Although they had implemented mitigation measures that significantly lowered the associated risks, they were unable to halt the affected pools. As a precautionary measure, the team urged users to withdraw from the compromised liquidity providers (LPs). The attacker continues with his operation, approx $900K affected, more than $600K moved to this address0xB23711b9D92C0f1c7b211c4E2DC69791c2df38c1 pic.twitter.com/inNqH4zel2 — Meir Dolev (@Meir_Dv) August 27, 2023 Previously, on August 22,Balancer had reported a critical vulnerability impacting its boosted pools. The platform had implored users to remove their funds from LPs and initiated a pause on pools to minimize potential harm. Assets that were under threat spanned various platforms including Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Gnosis, Fantom, and zkEVM (from Polygon). Upon the revelation of the vulnerability, merely 1.4% or over $5 million of Balancer's entire assets were at jeopardy. However, by August 24, an estimated $2.8 million, which constitutes 0.42% of its total value locked, was still exposed. The platform had issued a warning on X, advising its users: “We believe funds in the mitigated pools (labeled ‘mitigated’) are safe, but still strongly recommend timely migration to safe pools, or withdrawal. Pools that were unable to be fortified are marked ’at risk’. If you participate as an LP in any of these pools, it is advised to exit immediately.” Balancer had transitioned to the Optimism network in June the previous year with the intent of amplifying user functionality and diminishing transaction costs. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Ethereum automated market maker (AMM) Balancer, has put out an official disclosure to confirm that it had been exploited for approximately $900,000 (USD). The news comes just days after the decentralized finance protocol highlighted a vulnerability affecting several of its pools. Blockchain security expert Meier Dolev identified an Ethereum address believed to belong to the alleged attacker. Subsequent to the exploit, this address received two transfers of the Dai (DAI) stablecoin, amounting to $636,812 and $257,527 respectively. According to Dolev, the account affected over $893,978 in balance. Through a statement on the social platform X, formerly known as Twitter, the Balancer team acknowledged the situation. They stated, “Balancer is aware of an exploit related to the vulnerability below.” Although they had implemented mitigation measures that significantly lowered the associated risks, they were unable to halt the affected pools. As a precautionary measure, the team urged users to withdraw from the compromised liquidity providers (LPs). The attacker continues with his operation, approx $900K affected, more than $600K moved to this address0xB23711b9D92C0f1c7b211c4E2DC69791c2df38c1 pic.twitter.com/inNqH4zel2 — Meir Dolev (@Meir_Dv) August 27, 2023 Previously, on August 22,Balancer had reported a critical vulnerability impacting its boosted pools. The platform had implored users to remove their funds from LPs and initiated a pause on pools to minimize potential harm. Assets that were under threat spanned various platforms including Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Gnosis, Fantom, and zkEVM (from Polygon). Upon the revelation of the vulnerability, merely 1.4% or over $5 million of Balancer's entire assets were at jeopardy. However, by August 24, an estimated $2.8 million, which constitutes 0.42% of its total value locked, was still exposed. The platform had issued a warning on X, advising its users: “We believe funds in the mitigated pools (labeled ‘mitigated’) are safe, but still strongly recommend timely migration to safe pools, or withdrawal. Pools that were unable to be fortified are marked ’at risk’. If you participate as an LP in any of these pools, it is advised to exit immediately.” Balancer had transitioned to the Optimism network in June the previous year with the intent of amplifying user functionality and diminishing transaction costs. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

SingularityNET CEO Ben Goertzel says that AI and blockchain have the potential to solve problems that traditional mechanisms have “consistently, miserably failed.”

The new partnership offers investors extra choice and “mitigates the risks” of Australian crypto banking blocks, said Independent Reserve CEO Adrian Przelozny.

The Aave community has started voting on three crucial proposals that could help significantly reduce the protocol’s exposure to Curve Finance’s CRV token. Two out of the three proposals in question opened for voting on the 10th of August. Details Of The Proposals The move by the Aave community comes as it attempts to limit the risk posed to the protocol by the large borrowing position held by Michael Egorov, the founder of Curve Finance. On-chain risk management platform Chaos Lab put forward the proposals. According to the platform, volatility in Curve markets had considerably increased after the recent exploit suffered by Curve. The CRV token is the native token of the decentralized finance (DeFi) protocol Curve Finance. Curve founder Egorov had used as much as 30% of CRV’s total market capitalization to take out nearly $60 million in loans on Aave. However, the Curve Finance hack significantly impacted the price of CRV, sending it plummeting. This made Egorov’s position vulnerable, potentially exposing Aave to a liquidation risk. The voting on the proposals is set to continue until the 12th of August. The first proposal seeks to reduce the liquidation threshold by 6% for CRV on Aave v2. This could lead to user accounts becoming subject to liquidation upon approval. The second proposal disables borrowing of CRV tokens on Polygon v3 and Ethereum. This would make it impossible to short CRV through the Aave protocol. The two proposals to limit Aave’s exposure have found overwhelming support in the community. So far, over 571,000 votes have been cast, with 100% of the votes in favor of limiting Aave’s exposure to CRV. The Third Proposal With fears surrounding Egorov’s loans, Aave’s community is also voting on a third proposal, voting for which ends on the 11th of August. The proposal, put forward by Aave Chan founder Marc Zeller, calls on the Aave treasury to purchase $2 million worth of CRV tokens from Curve Finance. Zeller’s reasoning for such a move is that it would signal that major DeFi players support Curve and the health of the larger DeFi ecosystem. However, this proposal has not gained as much support in the community, although a majority do support it. Currently, around 62% of votes favor the proposal, while 37% have voted against it. The Curve Finance Exploit Curve Finance suffered a major exploit at the beginning of the month, with hackers managing to siphon off millions worth of crypto. As a result of the hack, the protocol’s CRV token saw a significant price drop, casting a long shadow on the DeFi ecosystem. The decline in CRV’s value also put a $168 million lending position taken by Curve founder Michael Egorov at risk. If this position was liquidated, it could have disastrous consequences for the larger DeFi ecosystem, putting major protocols at risk. Following the exploit, crypto exchanges moved to suspend withdrawals, with Upbit among the first to act, suspending deposits and withdrawals of the CRV token. “Today, certain vulnerabilities have been discovered in some of the stablecoin pools associated with Curve (CRV). As a result, CRV is currently experiencing significant volatility. We advise exercising caution when considering any investments related to CRV. To ensure the safety of digital asset transactions, we have temporarily suspended deposits and withdrawals for CRV.” However, Curve and Egorov found support from prominent players in the crypto space. These include Power DeFi user DCF God, Jeffrey Huang, and Tron Foundation CEO Justin Sun. All have since stepped in and purchased CRV from Egorov, resulting in the principal value of Egorov’s loans dropping to $54 million. Justin Sun posted a message in support of Curve, stating, “Excited to assist Curve! As steadfast partners, we remain committed to providing support whenever needed. Our joint efforts will introduce an @stusdt pool on Curve, amplifying user benefits. Together, we aim to empower the community and forge a decentralized finance!” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The Aave community has started voting on three crucial proposals that could help significantly reduce the protocol’s exposure to Curve Finance’s CRV token. Two out of the three proposals in question opened for voting on the 10th of August. Details Of The Proposals The move by the Aave community comes as it attempts to limit the risk posed to the protocol by the large borrowing position held by Michael Egorov, the founder of Curve Finance. On-chain risk management platform Chaos Lab put forward the proposals. According to the platform, volatility in Curve markets had considerably increased after the recent exploit suffered by Curve. The CRV token is the native token of the decentralized finance (DeFi) protocol Curve Finance. Curve founder Egorov had used as much as 30% of CRV’s total market capitalization to take out nearly $60 million in loans on Aave. However, the Curve Finance hack significantly impacted the price of CRV, sending it plummeting. This made Egorov’s position vulnerable, potentially exposing Aave to a liquidation risk. The voting on the proposals is set to continue until the 12th of August. The first proposal seeks to reduce the liquidation threshold by 6% for CRV on Aave v2. This could lead to user accounts becoming subject to liquidation upon approval. The second proposal disables borrowing of CRV tokens on Polygon v3 and Ethereum. This would make it impossible to short CRV through the Aave protocol. The two proposals to limit Aave’s exposure have found overwhelming support in the community. So far, over 571,000 votes have been cast, with 100% of the votes in favor of limiting Aave’s exposure to CRV. The Third Proposal With fears surrounding Egorov’s loans, Aave’s community is also voting on a third proposal, voting for which ends on the 11th of August. The proposal, put forward by Aave Chan founder Marc Zeller, calls on the Aave treasury to purchase $2 million worth of CRV tokens from Curve Finance. Zeller’s reasoning for such a move is that it would signal that major DeFi players support Curve and the health of the larger DeFi ecosystem. However, this proposal has not gained as much support in the community, although a majority do support it. Currently, around 62% of votes favor the proposal, while 37% have voted against it. The Curve Finance Exploit Curve Finance suffered a major exploit at the beginning of the month, with hackers managing to siphon off millions worth of crypto. As a result of the hack, the protocol’s CRV token saw a significant price drop, casting a long shadow on the DeFi ecosystem. The decline in CRV’s value also put a $168 million lending position taken by Curve founder Michael Egorov at risk. If this position was liquidated, it could have disastrous consequences for the larger DeFi ecosystem, putting major protocols at risk. Following the exploit, crypto exchanges moved to suspend withdrawals, with Upbit among the first to act, suspending deposits and withdrawals of the CRV token. “Today, certain vulnerabilities have been discovered in some of the stablecoin pools associated with Curve (CRV). As a result, CRV is currently experiencing significant volatility. We advise exercising caution when considering any investments related to CRV. To ensure the safety of digital asset transactions, we have temporarily suspended deposits and withdrawals for CRV.” However, Curve and Egorov found support from prominent players in the crypto space. These include Power DeFi user DCF God, Jeffrey Huang, and Tron Foundation CEO Justin Sun. All have since stepped in and purchased CRV from Egorov, resulting in the principal value of Egorov’s loans dropping to $54 million. Justin Sun posted a message in support of Curve, stating, “Excited to assist Curve! As steadfast partners, we remain committed to providing support whenever needed. Our joint efforts will introduce an @stusdt pool on Curve, amplifying user benefits. Together, we aim to empower the community and forge a decentralized finance!” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

An Aave proposal intended to prevent a particular account from accumulating more debt has led to significant controversy, with some stating that it violates the principle of neutrality in DeFi. The proposal suggested imposing a cap on using CRV tokens as collateral, preventing the wallet address in question from adding more loans. The Account In Question Many believe that Curve (CRV) founder Michael Egonov owns the account in question. Egonov had begun borrowing stablecoins on Aave in April, beginning with $37 million worth of Tether (USDT) being sent to Bitfinex and a further $51 million in USDC being sent to market maker Wintermute. More recently, Egorov deposited $24 million worth of Curve DAO (CRV) tokens to Aave to mitigate the liquidation risk of a $65 million stablecoin loan. “Seems like Curve’s founder has a $110m leverage position against his $CRV stack across all Defi. If not repaid at some point (spoil: it prob won’t, my man is taking profit), this will cascade into a lot of bad debt for lending protocols.” Liquidation Risk According to the author of the proposal, the address associated with the account (0x7a16ff8270133f063aab6c9977183d9e72835428) has gone on to accumulate over $67 million worth of debt in USDC and USDT using the AAVE v2 protocol and putting up $185 million worth of CRV tokens as collateral. The proposal’s author expressed concern that the account could continue increasing its debt, increasing the risk that it could be liquidated if the price of CRV suddenly drops. Adding to the problem is the fact that CRV has suffered a recent decline in liquidity over the past few months. This could lead to considerable slippage if the account is liquidated, as there may not be enough buyers looking to purchase CRV and take on such a significant amount of CRV tokens, leading to millions of dollars worth of bad debt for the Aave protocol. Freeze on CRV As Collateral According to Aave user DecentMuse, the wallet address is tagged as belonging to Michael Egonov, the founder of Curve. According to the user, the loan could be a way for Egonov to take profits from his activities on behalf of Curve. Financial modeling platform Gauntlet, the proposal’s author suggested that the AAVE decentralized autonomous organization (DAO) freeze further use of CRV tokens as collateral for taking out loans. Such a move would allow the account to hold its current loan position but prevent it from accumulating more debt. The proposal found some support among users who criticized the account for taking on so much debt. One user wondered if the account intended to pay off its debt, adding that it constantly added to its position despite the token losing value. Proposal Criticized However, critics of the proposal defended the account. One user suggested that the account owner may believe that CRV tokens are undervalued, leading them to increase their use as collateral as their price declines. Marc Zeller, Aave-Chan Initiative founder, also put forward his views, adding that the AAVE DAO should not violate neutrality, which is one of the core tenets of DeFi. “The intention of users or what they do with their funds is not our primary concern. Users should be free to utilize the protocol as they see fit.” So far, the proposal is only listed as a “recommendation,” meaning it has not yet been turned into an Aave Improvement Proposal (AIP), which the DAO can vote on. However, Gauntlet has stated that turning it into a formal AIP is the next step. An Ongoing Debate There is an ongoing debate in the larger blockchain ecosystem regarding the limits of censorship resistance. In January, Bitcoin saw a similar debate where users complained of high fees caused by some users minting and trading ordinals. Some Bitcoin users wanted a ban on Ordinals, while others opposed a ban, stating it would be censorship. In April, Tether blacklisted an address that drained $25 million from EVM-front-running bots. Jayanti Kanani, Polygon co-founder, stated that the blacklisting could establish a bad precedent and lead to more transactions being censored. However, ZachXBT, the on-chain sleuth, stated that Tether could have been forced to act by a court order. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Dubai, United Arab Emirates, May 31st, 2023, ChainwireIn a defining moment for green real estate investment accessibility, Qlindo, the innovative project making waves in sustainable investing, announces its listing on the MEXC Exchange on May 31, 2023.Prior to this exciting development, Qlindo carved a niche of reliability and impact in the green real estate and energy sector. From successfully completing an audit by CERTIK, one of the most respected auditing firms in the crypto industry, to forging a strong alliance with TechWoodHomes, Qlindo has consistently demonstrated commitment to its mission. As a result, the first green real estate projects have been funded, bolstering Qlindo’s impact in the market.Moreover, despite the prevailing bear market conditions, Qlindo has maintained an impressive uptrend, appreciating by over 100% over the past year. This remarkable performance is attributed to early investors' steadfast faith in Qlindo’s long-term vision.The listing on MEXC will broaden Qlindo's reach, enabling a wider audience to engage with the project and fostering potential growth and interestIn the spirit of celebration, MEXC Exchange will be hosting a grand Kickstarter Token Raffle. The event features an astounding prize pool of 10,000 USDT and 890,000 QLINDO tokens to be won. Users can participate in the raffle and stand a chance to win rewards. Users can find more details and join, by visiting the MEXC Kickstarter platform.Michael Marczell, COO of Qlindo, expressed his enthusiasm about the development: "We are very pleased that the listing on MEXC makes it even easier to invest in QLINDO and, therefore, green real estate and green energy. QLINDO stands for accessible impact investing, and we are just getting started. Many thanks to MEXC."But the exciting news doesn't end there. Qlindo is planning to announce another utility for its token in the upcoming weeks, adding even more value for its holders. While details remain under wraps, the update is set to further Qlindo's mission of making real estate investments more accessible for retail investors. #QLINDOXUsers can be part of Qlindo's groundbreaking moment by exploring the opportunities with QLINDO token. Embrace the future of green real estate and green energy investing, contributing to environmental sustainability and potential financial growth. To participate, users can create an account on the MEXC Exchange, where trading will begin on May 31, 2023.About QlindoQlindo is a project focused on bridging the gap between Blockchain Technology, and Green Real Estate and Renewable Energy Investment Opportunities. Through the QLINDO token, users are now able to invest in a diversified portfolio of green projects, led by an industry-leading expert team. The technology also allows investors to participate with their preferred amount, skipping the traditional interference of a middleman. Qlindo also collaborates with well-reputed and hand-picked real estate organizations such as TechWoodHomes to allow access to up-to-the-minute niche investments.For more information: Official website | Twitter | Instagram | Telegram | LinkedInContactMichael [email protected]

It took about 12 days for Zelda to fully exit the Ethereum blockchain. For any new staking withdrawal requests, the wait to get out has shrunk to nine days from 17 days.

CoinDesk set up its own Ethereum validator, fondly nicknamed “Zelda,” in 2020 to witness firsthand the blockchain’s landmark shift to an energy-efficient proof-of-stake consensus mechanism from its original proof-of-work – the same one used by Bitcoin.

Lausanne, Switzerland, April 18th, 2023, ChainwireIn a groundbreaking move that has set new standards for fundraising, SwissBorg has demonstrated the power of community-centric approaches in raising funds, outperforming even private and institutional investors. Building upon their earlier success in raising $50 million from 24,000 individuals during their initial coin offering (ICO) held in 2017/18, SwissBorg's Series A fundraising, which closed last Friday, has produced astonishing results.SwissBorg raised a total of 21,242,064 Swiss Francs and sold 13,651,189 shares to 16,841 investors, reaching a final valuation of approximately 200M Swiss Francs. This remarkable achievement underscores the potential of community-driven fundraising and the importance of engaging the public in the development of innovative companies.With the SwissBorg app and ecosystem, the company is well-positioned to become the leader in the European crypto market. The platform offers users an accessible and user-friendly experience, enabling them to manage their crypto assets with ease and confidence.SwissBorg is a forward-thinking company that is dedicated to advancing the Web3 ecosystem. Its platform provides users with easy access to cryptocurrency investments and decentralised finance (DeFi) opportunities, enabling them to benefit from the growth of this rapidly evolving industry.SwissBorg's unique positioning allows it to take on Web3 in a way that other companies can't. With a community-centric approach, the company is able to leverage the expertise and enthusiasm of its users to drive innovation and growth. At the same time, its focus on transparency and security ensures that investors can feel confident in their investments, even in a highly volatile market.Well-positioned to become a leader in the Web3 space, SwissBorg’s successful Series A fundraising is just the beginning of what promises to be an exciting journey. With its commitment to innovation, transparency, and community, SwissBorg is poised to significantly impact the future of finance.The Lausanne-based company expresses its heartfelt gratitude to the community for their unwavering support and trust throughout the Series A fundraising. Their belief in SwissBorg's vision has enabled the company to surpass expectations, break records, and set new benchmarks for future fundraisers as investors in SwissBorg, the community's confidence in the company has solidified its potential for growth and industry leadership.SwissBorg's leadership highlights the importance of community support, reinterpreting the classic saying, "Fortune favours those with many friends." Bolstered by their devoted community, SwissBorg is well-positioned for a promising future.About SwissBorgSwissBorg is headquartered in Switzerland, holds a Virtual Asset Service Provider licence regulated by the FIU in Estonia, and is registered as a PSAN with France’s AMF. The SwissBorg app allows over 700k verified users to manage their wealth, with an exchange aggregator to provide users with the best exchange prices and liquidity, the ability to invest in themed crypto bundles, and opportunities for users to access a yield on their crypto assets.Click here to learn more about SwissBorg and its mission.ContactChief Partnership OfficerAlex [email protected]

The much-awaited Shapella upgrade is live on the Ethereum mainnet. Let’s find out more about the upgrade and other noteworthy events that happened in crypto, blockchain, and the web3 space this week. Bitcoin Bitcoin and many of the top-performing cryptocurrencies are heading toward breakout zones. Will they break up or break down? Bitcoin has broken to the upside and is now establishing itself above the $30,000 level. Is this the beginning of the bull market? As the fiat monetary system flounders and cash in the bank buy less and less, more investors are flocking to Bitcoin, which might have started its bull market. Lightspark, a newly-founded crypto infrastructure firm, has officially launched its Bitcoin Lightning Network implementation designed for enterprise-grade use cases. Ethereum Ethereum activated the Shanghai hard fork on April 12 at 22:27:35 UTC combining key changes to the blockchain's Engine API, performance, and initialization improvements to the execution layer (in Shanghai), as well updates to the consensus layer (for Capella). Etherscan recently announced a new implementation that will no longer display token transfers without any value through its blockchain explorer interface. DeFi In the early hours of April 9, a bug in a smart contract on the decentralized finance protocol SushiSwap led to losses amounting to over $3 million. SushiSwap has revealed that it has managed to recover 100 ETH, worth around $186,000, following the exploit. In a big blow to Canadian users, dYdX announced that its decentralized derivatives exchange would no longer be accessible to users in Canada. Technology MetaMask, a decentralized wallet firm backed by ConsenSys, has announced the launch of a new fiat-to-crypto ramp for its Portfolio dApp. Business Coinbase has been awarded $470,000 in restitution in its insider trading lawsuit against the brother of a former employee. Coinbase’s head of exchange, Vishal Gupta, is reportedly leaving the company. Gupta plans to exit the crypto exchange but intends to remain in the crypto space. According to multiple reports, cryptocurrency exchange Gemini has received a $100 million loan from two of its co-founders, Tyler and Cameron Winklevoss. Regulation The Binance crypto exchange has decided to delist the TRON token ($TRX) 3 weeks after the SEC charged SEO Justin Sun and his companies. Both Robert F. Kennedy Jr. and Ron DeSantis have expressed their displeasure against the Federal Reserve’s upcoming payments system, FedNow. This year's G7 Summit, which will be held in Hiroshima, Japan, is set to discuss policy for crypto and digital assets, with a focus on the standards for global implementation of CBDCs. South Korean authorities have detained several staff members of the cryptocurrency exchange Coinone for breach of trust and other criminal acts. NFT The NFT collective Proof is launching a new collection, in partnership with artists like Beeple, exclusively for Moonbird collectors. Reddit has launched its third-generation (Gen 3) NFT collection, featuring more artists working on the theme of futuristic realities. Solana has recently announced the introduction of state compression technology to significantly reduce the storage costs associated with NFTs on its network. Web3 Gaming hardware firm Razer has announced the establishment of zVentures Web3 Incubator (ZW3I), a new initiative aimed at funding Web3 gaming projects and bringing them to mainstream audiences. Bluzelle, a blockchain for GameFi, has just released Capella, an NFT marketplace tailored to blockchain-based web3 games. Security South Korean cryptocurrency exchange GDAC was the target of hackers on April 9, with the platform losing nearly $13 million during the attack. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bluzelle, a blockchain for GameFi, has just released Capella, an NFT marketplace tailored to blockchain-based web3 games. Capella is a good choice for players who want a modern UI and more features because it works with IBC. Both non-fungible tokens (NFTs) and fungible tokens (SFTs), becoming more common in web3 games, are supported efficiently. Capella stands out from the competition because of its streamlined trading process and convenient access to NFTs and gaming collectibles within the Cosmos ecosystem. Game assets onCapella are kept secure using Bluzelle's R2, a decentralized storage technology. With this cutting-edge method, programmers can feel confident that their game data is stored securely. Using R2 eliminates the need to transfer NFTs between chains and provides a complete solution for token storage and needs. Cosmos-based NFT marketplaces need help with several difficulties, including their inflexibility in supporting SFTs, which are becoming increasingly common in web3 games. Capella seeks to address this issue by offering a ground-breaking solution that gives gamers and developers a seamless trading experience and simple access to NFTs and gaming collectibles in the Cosmos ecosystem. This reduces gaming assets' effectiveness and ability to be sold again in secondary markets. Elevating the NFT & GameFi Experience on Cosmos with Capella Bluzelle's CEO, Pavel Bains, said that as they developed their game, GAMMA 4, they discovered that the available NFT solutions within Cosmos did not provide what they required for their game. Being extremely familiar with Cosmos technology and knowing game development first-hand, they had the experience to build what developers and gamers needed. Capella offers the right features, truly decentralized storage, and fluidity with other Cosmos chains. Bluzelle aims to be the go-to data layer for Web 3.0 by providing a tamper-proof, decentralized data network with greater privacy, scalability, and availability than traditional solutions. The launch of Capella is a significant step towards achieving this goal and providing a game-changing solution for web3 gaming. The Web3 gaming industry has gained significant momentum over the past few years, launching many new games and platforms. Web3 gaming is built on the principle of decentralization, which means that the games and assets are hosted on a distributed network of computers instead of a central server. This ensures that the games and assets are tamper-proof, transparent, and resistant to censorship. Cosmos ICS-721 update aims to bolster the adoption Last month, Cosmos releasedInterchain NFTs, which were made possible by the ICS-721 update to the IBC protocol. This was the fourth publicly incentivized testnet on the Cosmos Hub. With the implementation of ICS-721, it is now possible to move non-fungible tokens between IBC-compliant networks. Non-fungibility, permissionless token transfers, and error isolation are all maintained. The launch hopes to get more people to use the Cosmos ecosystem and its non-fungible tokens by making them more useful and valuable. Also, the protocol's focus on preserving non-fungibility, allowing permissionless token transfers, containing faults, and keeping records are meant to make it a safe and reliable way to move non-fungible tokens from one network to another. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The ECB President admitted that “there will be control” in regards to a digital euro, much to the displeasure of the crypto community.

To better chronicle the Ethereum blockchain's transition to a proof-of-stake network, CoinDesk in 2020 started its own validator – nicknamed Zelda. We plunked down the 32 ETH (roughly $15,000 at the time) and laid the technical groundwork. With staking withdrawals due to start April 12, we take stock of the project.