Redpill AI Secures $5 Million to Advance Decentralized AI Technology
The capital raised will enhance Redpill’s technological infrastructure and expand its global presence, keeping the platform at the forefront of decentralized technology.
Pudgy Penguins Parent Company Igloo Secures $11M for New Layer 2 Blockchain
Abstract is a new Layer 2 blockchain being built using Matter Labs' ZK Stack and EigenLayer's data availability layer EigenDA to help make the process of developing decentralized apps easier, cheaper, and safer.
Indian Finance Minister Ignores Crypto Industry’s Budget Tax Plea
The Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget speech on July 23 made no mention of cryptocurrencies. It has left the crypto industry in India in a state of uncertainty.
Blockchain Audits Reveal High Frequency of Logic Errors and ZK Vulnerabilities
Veridise conducted an analysis of 100 audit projects from its database, encompassing various smart contracts, blockchain implementations, and zero-knowledge solutions. The data set revealed a total of 1605 issues, with 1533 issues having identifiable types.
The Economic Survey Warns India of AI’s Job Market Shake-up
Led by Chief Economic Advisor V Anantha Nageswaran, the survey highlighted that as AI becomes more advanced and widespread, it introduces significant uncertainty about its impact on workers of all skill levels—low, medium, and high.
Bitrue Ventures Launches Web3-Focused $40M Investment Fund
This fund will be distributed among various startups and developers involved in Web3, with individual investments potentially reaching up to $200,000 per project.
Planetarium Labs and Immutable Join Forces for Immortal Rising 2
Immortal Rising 2 will inherit the beloved features and mechanisms of its predecessor, enhanced with improved stylish combat action, an isometric view, diverse skill tree combinations, engaging guild content, and sustainable tokenomics.
WazirX Takes Legal Action, Reports $234.9M Hack to FIU and CERT-In
“We're reaching out to 500+ exchanges to block the identified addresses. Many exchanges are cooperating with us, and we are actively working with them on additional resources to aid our recovery efforts,” said WazirX.
Polygon’s MATIC to POL Upgrade Set for September 4th
In the initial phase, POL will become the gas and staking token of Polygon PoS. In subsequent phases, the community can decide to expand the utility of POL to serve a crucial role in the AggLayer.
BlockFi to Start Crypto Distributions to Creditors Through Coinbase This Month
As per the company, the distributions will be processed in batches in the coming months, and eligible clients will receive a notification to the BlockFi account email on file.
Indian Crypto Exchange Wazirx Falls Victim to a North Korea-Linked ₹1900 Crore Hack
As per Web3 security firm Cyvers, a total of $234.9M (which is over ₹1900 crore) of WazirX’s funds have been moved to a new address. Each transaction's caller is funded by Tornado Cash.
Anomaly Launches ChatGPT-Powered Mini-Games on Telegram, Expands NFT Integration
The Telegram bot, @anomaly_launch_bot, is easy to find and free for all Telegram users. It works on both mobile devices and desktop platforms, making it accessible to everyone.
Enterprise Ethereum Alliance Launches Risk Assessment Guidelines for DeFi Protocols
The EEA’s DRAMA Working Group developed the guidelines, collaborating with organizations such as Consensys, Hacken, CertiK, Quantstamp, OpenZeppelin, Banco Santander, Bitwave, and others.
Grayscale Launches New Fund for Decentralized Artificial Intelligence
The Grayscale Decentralized AI Fund LLC aims to give investors access to emerging AI technologies in the crypto world. The fund will adjust its holdings every three months and currently includes several decentralized AI crypto protocols.
Immutable Partners with DM2C and QAQA to Revolutionize Web3 Gaming in Asia
These collaborations represent a significant milestone in Immutable's expansion into the thriving Asian market, renowned for its enthusiastic gaming communities and swift technological adoption.
Indian Crypto Industry Calls for Budget 2024 Reforms to Boost Growth and Innovation
The crypto industry in India is hopeful that Budget 2024 will bring changes to support growth and innovation. Experts want a better regulatory and tax environment for the digital economy.
Donald Trump Picks Ohio Senator J.D. Vance as His VP Running Mate
QUICK BITE The cryptocurrency landscape is poised to gain mainstream attention. The likelihood of former President Donald J. Trump returning…
Defi Protocol LI.FI Exploited, Over $8 Million Lost to Attack
QUICK BITE Decentralized finance (DeFi) platform LI.FI protocol has suffered an exploit leading to a series of suspicious withdrawals. Cyvers…
Asia’s MicroStrategy, Metaplanet Buys Additional $1.2 Million Worth of Bitcoin, Stock Soars 25.8%
QUICK BITE Japanese investment firm, often compared to MicroStrategy, Metaplanet bought another $1.2 million (200 million Japanese Yen) worth of…