Island Nation Uses Metaverse To Preserve Its Heritage
The island of Tuvalu said it plans to build a digital version of itself in order to preserve its history as it faces erasure due to climate change. The island nation of Tuvalu in the South Pacific made the decision to use Web3 technology to ensure the future survival of its culture and society. Simon […]
Matter Labs nets $200M to build zkSync Ethereum scaling platform
Ethereum development firm Matter Labs has raised a monster $200 million to support the launch of its zkSync V2 rollup network. The creator of the Ethereum Virtual Machine-compatible zkSync, Matter Labs, has received significant industry support as it makes a commitment to fully open-source its platform, the first such effort for a zk-Rollup technology. On […]
Crypto lender Genesis Global Halts Withdrawals
Crypto lender, Genesis Global Trading is temporarily suspending redemptions and new loan originations in the wake of FTX’s collapse. Following the collapse of FTX, the lending division of cryptocurrency investment bank Genesis Global Trading has temporarily stopped accepting redemptions and initiating new loans, Interim CEO Derar Islim informed customers in a call on Wednesday. According […]
ADGM Courts Adopts Blockchain To Expedite Business Verdicts
ADGM Courts aims to massively transform the delivery of judicial services while introducing blockchain technology for commercial courts. Blockchain technology has been implemented by a judicial body formed by United Arab Emirates (UAE) Federal Decree to reduce the time and expenses associated with the enforcement of business decisions. Blockchain technology has been adopted by ADGM […]
Coinbase CEO applauds citizen journalism effort amid FTX collapse
Coinbase CEO and co-founder Brian Armstrong, has applauded the efforts of crypto analysts, blockchain specialists, and citizen journalists amid the fall of FTX. In a tweet from November 16 Coinbase CEO Brian Armstrong made the claim that average people, rather than the traditional media, had learned about many of the developments connected to the liquidity […]