The XRP Ledger (XRPL) sidechain will be built on the evmOS solution, with which they will seek to prioritize native Web3 enterprise applications and their compatibility with EVM. Ripple and Evmos to Build XRP Ledger EVM Sidechain evmOS is a modular, production-ready solution that supports EVM and web3 enterprises. It …
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Eclipse founder Neel Somani departs company after sexual misconduct allegations
by Danny Parkby Danny Park–> Eclipse announced today that it has appointed Vijay Chetty, its chief growth officer, to replace Neel Somani as its new CEO. Its founder Somani will be departing the company, according to Eclipse. “Chetty brings over a decade of crypto-native experience to the helm, having held leadership positions at Uniswap …
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El Salvador mined 474 bitcoin since 2021 using volcanic geothermal power, bringing total BTC to 5,750: report
by MK Manoylovby MK Manoylov–> El Salvador has mined 474 bitcoin since 2021 using geothermal power fueled by the Tecapa volcano. The mined coins bring the country’s total bitcoin holdings to 5,750, worth about $380 million at current prices, Reuters reports. Nayib Bukele, El Salvador’s pro-Bitcoin president, who won a second term in February …
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This milestone comes less than a year after the company’s inception. It leverages blockchain technology to authenticate online identities. Innovative Identity Verification Technology Humanity Protocol’s solution addresses the challenge of verifying online identities in an era dominated by artificial intelligence and deepfake technology. The company’s utilizes palm scans, which are …
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Subsquid, a Web3 data access layer, has partnered with Google after raising $17.5 million across multiple funding rounds to build an omnichain indexing solution, according to a May 15 statement shared with CryptoSlate. In January, Subsquid’s native SQD token community sale emerged as the fastest CoinList sale ever, with the …
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AI and big data crypto projects and tokens are suffering losses, reflecting a market lacking a clear direction. As a result, the broader altcoin sector is in turmoil as traders eagerly await signals from Bitcoin. A new analysis suggests that the dominance of the world’s largest cryptocurrency is increasing, which …
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BeInCrypto sat down with Suji Yan, the founder of Mask Network, to explore the current state of this narrative and the Mask Network’s role in shaping the future of decentralized social networks. Mask Network, led by founder Suji Yan, develops blockchain-based tools that allow users to perform cryptocurrency transactions and …
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Intensity Labs, the developer of the “intent-centric” DeFi protocol Shogun, has raised $6.9 million in a seed funding round. Polychain Capital and DAO5 co-led the round, with Arrington Capital, Arthur Hayes’ family office Maelstrom and Build-a-Bera participating, Intensity Labs said Wednesday. Angel investors, including Cobie, Ansem, Ser Shokunin and Meltem …
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Web3 digital identity startup Humanity Protocol raises $30 million at a $1 billion valuation
by MK Manoylovby MK ManoylovThe web3 digital identity firm Humanity Protocol raised $30 million in funding, bringing the startup to a $1 billion valuation. The venture firm Kingsway Capital led the round, which had additional support from Animoca Brands, Blockchain.com and Shima Capital, Bloomberg reports, adding that Humanity Protocol also raised $1.5 million from …
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This has led to the formation of a symmetrical triangle with accompanying uncertainty regarding the meme coin’s breakout direction. Dogwifhat Bulls and Bears Tussle When a symmetrical triangle is formed, an asset’s price hits various lower highs and higher lows. This means that neither the buyers nor the sellers present …