Technology

Layer-2 Solution StarkNet Ready for DApp Deployment

  • Launched back in November with limited functionality, StarkNet is a permissionless version of StarkWare's StarkEx platform, which supports DeversiFi, Immutable, and dYdX.
  • The StarkNet team is planning to decentralize the project sometime in the second half of 2022, and hand over StarkNet's governance to its community.
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  • Launched back in November with limited functionality, StarkNet is a permissionless version of StarkWare's StarkEx platform, which supports DeversiFi, Immutable, and dYdX.
  • The StarkNet team is planning to decentralize the project sometime in the second half of 2022, and hand over StarkNet's governance to its community.
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Crypto.com Refunds Users After 483 Accounts Were Hacked

  • According to the company, the hacker stole "4,836.26 ETH, 443.93 BTC and approximately US$66,200 in other currencies" from 483 accounts.
  • In order to prevent future attacks, Crypto.com has implemented a new layer of security called "Worldwide Account Protection Program (WAPP)".
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Layer 2 Developer Matter Labs Closes $50M Series B

  • Led by a16z, the Series B will help the company expand its team, marketing efforts, and finance its business growth.
  • Matter Labs is currently working on its zkSync v2 technology, which will support EVM-compatible smart contracts.
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Gaming Studio Faraway Closes $21M Series A

  • Led by Lightspeed Venture and FTX, the Series A brings the total funding raised by Faraway to $30 million.
  • Using the funds, Faraway will be able to launch its "Mini Royale: Nations" browser game on the Solana blockchain.
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MasterCard to Acquire Crypto Analytics Firm CipherTrace

  • The acquisition is part of MasterCard's larger strategy to expand into the digital assets space.
  • MasterCard will use CipherTrace to provide its clients with better risk assessment tools when dealing with cryptocurrencies.
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iSwap Launches With 3-Second Cross-Chain Transactions

  • iSwap supports cross-chain transactions on Polygon, Ethereum, OKExChain, BSC, and HECO.
  • The platform's 3-second swaps are achieved by deploying aggregators and maintaining USDT holdings on each of the supported chains.
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Microsoft Receives U.S. Patent for ‘Ledger-Independent Token Service’

  • The filing describes a "ledger-independent system that will allow developers to write code for managing tokens in a manner that is blockchain agnostic.
  • The U.S. Patent and Trademark Office awarded Microsoft's subsidiary, Microsoft Technology Licensing, the patent on Tuesday.
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KuCoin Launches PoW Mining Pool

  • KuCoin was able to offer much lower mining fees on its pool thanks to its team, which reportedly has more than six years of expertise in the industry.
  • The CEO of KuCoin, Johnny Lyu, also revealed the KuCoin Pool will encourage "green mining" by offering miners that use renewable energy discount on their fees.
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Huobi Eco Chain Onboards New Members to Accelerator Program

  • HECO's Joint Accelerator Program will invest in promising blockchain projects and provide them with access to its development tools and advisor network.
  • The first three projects to join the Accelerator are game platforms Cryptoblades, Blockchain Cuties Universe, and 0xUniverse.
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Ethereum’s London Upgrade Now Live

  • The London upgrade brought with it EIP-1559, which will decrease the ETH circulating supply by burning transactions base fee.
  • While mining pool operators claim EIP-1559 will unfairly cut into their profits, proponents of the change argue it will help ETH transition to a deflationary asset.
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Cardano Deploys Alonzo Hard Fork to Bring Smart Contract Functionality

  • The Alonzo White hard fork brings Cardano's smart contract era one step closer.
  • Full smart contract functionality is set to be enabled by the end of September, IOHK said
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Indian IT Giant Joins StaTwig on Blockchain-Based Vaccine Tracing System

  • StaTwig's VaccineLedger solution was first trialed in 2019, but will now be implemented worldwide thanks to Tech Mahindra's partnership.
  • The blockchain-based platform was designed to prevent the distribution of expired vaccines, stock depletion, and counterfeiting.
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WazirX Partners With TRM Labs to Launch Crypto Compliance Platform

  • TRM Labs will provide WazirX with tools for wallet screening, transaction monitoring, and investigation.
  • The Indian exchange has seen a surge in user demand as banking restrictions on crypto companies have loosened.
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Genesis Joins Pyth Network to Provide Pricing Data

  • Genesis will be providing its cryptocurrency prices to the Pyth Network on a sub-second timescale.
  • Genesis is the latest trading firm to join Pyth, following the Bermuda Stock Exchange (BSX), Virtu, LMAX, and Jump Trading Group.