Chainlink switches from Ethereum PoW forks to PoS
After the Merge, the Chainlink (LINK) protocol will no longer support forked versions of the Ethereum (ETH) blockchain, including Proof of Work (PoW) forks but will switch to the Proof of Stake (PoS) versions. The Chainlink protocol has announced that its services would continue to operate on the Ethereum blockchain following the eagerly anticipated Merge. […]
Adoption of Web2 key to Metaverse success: Klaytn Foundation
Sam Seo, director of the Klaytn Foundation, believes that bringing Web3 technology to Web2 platforms could lead to widespread acceptance. Sam Seo, the director of the blockchain Klaytn Foundation, which focuses on the metaverse, thinks that if Web2 companies incorporate the technology into their goods and services, the metaverse will be more widely adopted. Speaking […]
Korea’s DeFi market offers room for expansion: 1inch co-founder
1inch wants to enter the largely new Asian market, but widespread DeFi adoption is being hindered by a lack of understanding. Oneinch Network, a decentralized-finance (DeFi) aggregator, has disclosed plans to broaden its presence in Asia. On August 8, co-founder Sergej Kunz stated that 1inch is hoping to cooperate with several Asia-based Web3 firms despite […]
Beanstalk Farms stablecoin protocol relaunches following hack attack
Beanstalk Farms stablecoin protocol has relaunched on August 6 after being hit by a $77 million governance attack in April. Following the governance exploit and flash loan attack in April on Beanstalk Farms, the protocol and its governance were put on hold until August 6, when they were reopened in an occasion known as the […]
Crypto.com achieves significant regulatory progress in South Korea
Co-founder and CEO Kris Marszalek remarked, “This is an exciting next step for Crypto.com in an important market.” After acquiring two local businesses and reaching a significant regulatory milestone in South Korea, Crypto.com has announced access to registration for payments and cryptocurrencies. The company had previously announced the purchase of virtual asset service provider “OK-BIT […]