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Cryptocurrency News Articles
Protocol Village: Cysic Raises $12M to Expedite ZK Proof Generation
May 24, 2024 at 02:02 am
This week's Protocol Village features Cysic, Dfinity Foundation, Celo Foundation, Robinhood Wallet, Horizen Labs, Analog, Zeta Markets, Orderly Network, River Protocol, HAQQ Network, Aptos, and Plume.
ZK hardware acceleration company Cysic announced that it has raised $12 million in a pre-A funding round, led by HashKey Capital and OKX Ventures. The funds will be used to "expedite the generation of ZK proofs in a faster, more cost-efficient, user-friendly and decentralized manner," according to the team.
EasyA Consensus Hackathon Call for Participants
This year, Consensus is hosting its first-ever in-person hackathon together with the world's number 1 Web3 learning app, EasyA. This will be a three-day, multi-chain IRL hackathon with world-class sponsors from Sui to Stellar to Polkadot and beyond, and will attract the world’s best developers to build the future of Web3 and raise funding for their projects.
Projects launched by EasyA alumni are valued at over $2.5 billion. The EasyA Consensus hackathon is going to be 2024's most important hackathon yet.
We have a few remaining spots left for hackers, so if you're excited about participating, make sure you sign up here!
Dfinity Launches 'EVM RPC' as API Allowing ICP to Read Other Chains
May 23: Dfinity Foundation, a major contributor to Internet Computer (ICP), announced that its "EVM RPC canister," described as "a new API that allows ICP smart contracts to read and write data on different chains," is now live. According to the team: "The EVM RPC is another major milestone in the development of Dfinity's Chain Fusion framework. It enables Internet Computer smart contracts to interoperate directly with all major blockchains, including Bitcoin, Ethereum, other EVMs, and soon, Solana, without having to rely on any intermediary." Additionally, "ckUSDC, an interoperable stablecoin pegged 1:1 to USDC, is now available for use across ICP."
Celo Foundation's Reinsberg Unveils 'Bloom,' a TGE Advisory
May 23: Celo Foundation President Rene Reinsberg announced "Bloom," an ecosystem token generation event (TGE) advisory, on Thursday at Dappcon in Berlin. According to the team: "Created to guide projects across all blockchain ecosystems preparing for a TGE and the product rollout that follows, the foundation will provide strategic and operational support including access to launchpad, exchange support and access to funding and investor network. Bloom unlocks more time and resources for product development and strategy, removing ambiguity so founders can focus on building projects that will create positive externalities for users globally."
Robinhood Wallet to Enable Gasless Swaps on Arbitrum
May 23: Robinhood Wallet will enable gasless swaps on Arbitrum starting Thursday, according to the team: "Users can swap without needing ETH for gas on Arbitrum, with 0x as the DEX aggregator behind the swaps. Once launched, users will be presented with the best swap rate available – whether gas swap or gasless swap – with no additional fees from Robinhood."
Horizen Labs Launches 'ZkVerify' as 'Dedicated Zero-Knowledge Proof Verification Network'
May 23: Horizen Labs, a primary developer behind the Horizen blockchain, is launching "zkVerify, a dedicated zero-knowledge proof verification network designed for settlement optimization, to address the largest expense that zkRollups and zkApps currently face which limit scalability and efficiency," according to the team: "ZkVerify offloads computationally intensive proof verification, enabling blockchains to focus on core functions. It integrates with multiple SNARK proving schemes and reduces verification costs by up to 91%. Currently, it supports Ethereum and Bitcoin L2s, with plans to expand to other architectures. ZkVerify is now live on testnet."
Analog, Cross-Chain Protocol, Launches Testnet With $ANLOG Incentives
May 23: Analog, a layer-0 cross-chain communication protocol and Web3 data provider, launched its incentivized testnet, allocating a minimum of 2% of token supply for participants, according to the team: "Analog’s testnet is open for developers, community and validators. Participants can complete quests and climb the ATP leaderboard to share $ANLOG. It empowers developers to build dApps with a diverse range of tools while allowing true interoperability between any blockchain network. Analog's core products form a powerful toolkit for cross-chain development."
Solana-Based DEX Zeta Markets Now Plans Own Layer-2 Network
May 23: Zeta Markets, a Solana-based DEX for trading perpetual swaps on-chain, is now planning its own layer-2 solution, 'ZX,' described as an "optimistic rollup built on Solana," according to the team. The mainnet launch is slated for early 2025. Concurrently, Zeta will also release a detailed Litepaper outlining the architecture and functionality of ZX. According to a press release: "ZX is an optimistic rollup built on Solana, utilizing zero
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- XRP Poised for Substantial Market Shifts as October 8 SEC Appeal Decision Deadline Approaches
- Sep 24, 2024 at 04:20 pm
- According to ChatGPT, XRP is expected to experience a notable price surge of 36.4%, which would bring the cryptocurrency's value up to $0.80.
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- Rollblock (RBLK) Presale Review - The Best Altcoin to Invest in for the Upcoming Bull Market?
- Sep 24, 2024 at 04:20 pm
- In all previous bull runs it's the newest cryptos that offer the best returns. The presale token Rollblock has captured the interest and is positioned to potentially transform the fortunes of those willing to invest so early.
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- Naira Depreciates at NAFEM by 1.37% to N1,562.66/$1 as CBN MPC Meeting Begins
- Sep 24, 2024 at 04:20 pm
- By Adedapo Adesanya Due to foreign exchange (FX) supply constraints, the Naira depreciated at the Nigerian Autonomous Foreign Exchange Market (NAFEM)
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- WATCoin (WAT) Promises Future Growth, But Can It Find Its Place in the Competitive Crypto Ecosystem?
- Sep 24, 2024 at 04:20 pm
- WATCoin is one of the latest additions to the list of cryptocurrencies and has been quite popular due to its unique business idea and a bright outlook
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- Bitcoin mining company CleanSpark purchases 2 Clinton-area properties, plans to build 2 new facilities
- Sep 24, 2024 at 04:20 pm
- The sites will be home to a total of 20 custom-crafted, air-cooled mining pods.
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- Crypto Market Overview: BTC Fails to Sustain Uptrend, Total Market Cap Dips Marginally by 0.47% to Rest at $2.22 Trillion
- Sep 24, 2024 at 04:20 pm
- Today, the global crypto market has shown varied movements in prices. An overview of the crypto heat map reflects mixed trading patterns in red and green.
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- PolitiFi Meme Coins: A New Alternative to Animal-Themed Tokens
- Sep 24, 2024 at 02:20 pm
- PolitiFi cryptos stands out as meme coins whose themes relate political movements and personalities. In a rapidly evolving world of meme coins, these tokens serve as another major alternative to animal-themed tokens, intertwining the concept of politics with the world of finance.
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- RAIR Technologies Selected for Denarii Labs Accelerator Program Targeting Web3 Startups
- Sep 24, 2024 at 02:20 pm
- RAIR Technologies, an open-source platform specializing in the development of decentralized Web3 applications, has been selected for the Denarii Labs Accelerator program.
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- Infinet (INFI): A New Entrant to the Cryptocurrency Market Worth Taking a Closer Look At
- Sep 24, 2024 at 02:20 pm
- As a new entrant to the cryptocurrency market, known as INFI, it is worthy to take a closer look at Infinet. It has indeed attracted the concern of the client in the crypto market as a new entrant with some unique characteristics and prospects.