The world is still collectively pondering Web3: a decentralized set of protocols adding a (arguably) censorship-resistant financial layer to the Internet. So why did Jack Dorsey, creator of the web2 platform Twitter, skip this step? To what he calls “Web5”? It turns out that despite the name, Web5 doesn’t follow Web4. Announced in June 2022 …
What Is ‘Web5’ and How Is it Different From Web3? Read More »
The development of video games and narrative metaverse experiences will receive 8 million euros ($8.5 million) from the Spanish Ministry of Culture and Sports. In 2023, the program which is a component of the Spanish “Recovery, Transformation, and Resilience Plan”will provide grants to initiatives that will serve as incubators for these areas. Spain Directs 8 …
As the cryptocurrency sector continues to grow despite the occasional hiccup, not everyone agrees with the nascent asset class. Some even warn of a major financial crisis if digital assets are allowed to thrive. One such critic is Shaktikanta Das, the governor of the Reserve Bank of India, who has raised concerns about the rapid …
India’s central bank warns crypto to cause next financial crisis if allowed to grow Read More »
As Solana’s decentralized finance (DeFi) teeters in the rubble of FTX, a long-absent player from its crypto derivatives trading scene is poised to re-enter it. Drift, a Solana-based perpetual swap trading protocol that processed billions of dollars in volume during the 2021–2022 bull run before crashing during the Terra crash, will launch its second revamped …
Crypto Trading Protocol Drift Relaunches Into Rocky Solana DeFi Landscape Read More »
It’s been a tough year for cryptocurrencies, and VC activity attests to that. FTX’s collapse in November was the latest and most shocking in a series of shutdowns of significant market players this year, including Celsius, Voyager, and BlockFi, which shook investor confidence and wiped out $1.5 trillion in market cap from the market. Blockchain …
Blockchain VC funding surpasses 2021 total despite declining since May Read More »
Hackers after bitcoin are currently using the internet to sell private customer information after their unsuccessful attempt to hold the Chinese electric vehicle manufacturer NIO to ransom. According to Bloomberg, hackers sent an email to NIO earlier this month demanding $2.25 million in bitcoin in exchange for disclosing data they had obtained earlier this year. …
Bitcoin Ransoms Aren’t Dead: EV Maker NIO Refuses To Pay Up Read More »
