Lennix Lai, OKX’s global chief commercial officer, told Cointelegraph that bringing traditional finance investors into the space would require raising compliance standards. While some areas of the crypto space focus on privacy and anonymity, others focus on raising the standards within the space and on bringing in traditional players and more capital in the world…
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Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox the second Gaming Demo Day to showcase seven new projects from the Web3 gaming space. Web3 gaming has become one of the hottest trends in the tech world, and not without a good reason. Using blockchain technology to give more control to gamers turned out to…
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As AI capabilities continue to evolve, proving the authenticity of real-world images, video and content could hinge on blockchain solutions. Decentralized infrastructure network provider Nodle is working with the likes of Adobe and the Linux Foundation to use blockchain technology to prove the authenticity of real-world content captured by devices. In correspondence with Cointelegraph, Nodle…
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Stellar Development Foundation published a method for judging Web3 project effectiveness in Colombia, Argentina, Kenya, the Philippines, and other developing markets. The Stellar Development Foundation, developers of the Stellar network, released a financial inclusion framework for judging the efficacy of emerging market blockchain projects. The framework was developed in cooperation with consultants PricewaterhouseCoopers International (PwC)…
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The Bank for International Settlements (BIS) and four European central banks have rolled out a Proof-of-Concept (PoC) system to track the global flow of cryptocurrency assets. The partnership with the BIS was struck with the European Central Bank, Banque de France, Deutsche Bundesbank and Nederlandsche Bank to monitor on-chain and off-chain transactions on public networks…
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Jaynti Kanani said he had stepped back “from the day-to-day grind” at Polygon roughly six months ago. Jaynti Kanani, the co-founder of Polygon, announced that he has stepped back “from the day-to-day grind” on the project for the first time in six years. In an Oct. 4 X (formerly Twitter) thread, Kanani said he planned…
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Nansen analysts observed “unusual transactions between FTX and Alameda” in the days leading up to FTX’s bankruptcy. Blockchain data analysts from Nansen have revisited the days leading up to the collapse of FTX, including the transfer of $4.1 billion worth of FTT tokens between the exchange and Alameda Research. A Nansen report shared with Cointelegraph…
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Ava Labs, the developer of Avalanche, the high throughput platform for deploying decentralized applications (dapps) and custom chains, has released Firewood, an update the team said is a “multi-year effort that,” on the eventual rollout, will make blockchain data storage more efficient. Specifically, Ava Labs said Firewood resolves a big concern for expanding blockchains: data management. …
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Vitalik Buterin, the co-creator of Ethereum, has discussed the next steps that the protocol is about to take and how the upcoming decisions should be the result of balancing complexity and functionality. Buterin noted that Ethereum started with a philosophy of striving for simplicity but that blockchains were “social systems” and that there are rationales…
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Sales of non-fungible tokens (NFTs) have slid once more this week, dipping to 9.91% below the preceding week’s figures. Data reveals that in the span from September 24 to October 1, 2023, around $72,767,450 worth of NFT sales have been logged, marking the latest seven-day stretch.
NFT Sales Continue to Slide
While the crypto…
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