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Polygon proposes upgrading MATIC into a multipurpose token for all chains

The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL.

Ethereum scaling protocols drive zero-knowledge proof use in 2023

Ethereum scaling remains the primary use case behind zero-knowledge proofs according to a report from ZKValidator.

Blockchain group to push Philippines Web3 adoption via state partnership

DICT Director Emmy Lou Versoza-Delfin said there's been a rise in innovative blockchain startups in the country, signaling that the country could be a global leader in blockchain.

US industry watchdogs oppose draft bill on crypto market structure

The group sent a detailed letter to the U.S. House Financial Services Committee accusing the crypto market of seeking favorable legislation under the guise of crypto innovation.

If good UX is like driving auto, Web3 is ‘driving stick’ — UX designers

The high stakes of crypto applications mean developers often need to prioritize security — but that comes at the cost of poor user experience.

BNB Beacon Chain hard fork adds 'panic' feature that can 'halt' blockchain

BNB Beacon Chain mainnet is set to undergo the "ZhangHeng" hard fork around July 19, which will bring new upgrades aimed at improving security.

US government moves nearly 10K Bitcoin worth over $300M related to Silk Road seizure

The government previously promised to liquidate approximately 40,000 remaining BTC from the seizure in “four more batches” over the remainder of the calendar year.

'AI helps traders utilize more intuitive strategies,' says Exchange

Bitget currently has a Martingale AI trading bot and a Grid Trading AI bot on its platform.

Cosmos-based Osmosis launches concentrated liquidity, lets LPs choose price

The new feature offers higher fees to LPs who provide liquidity within tighter price ranges but also causes them to not earn fees if the price goes outside of the range.

Bitcoin mining difficulty hits all-time high as BTC miner selling peaks

In recent weeks BTC miners sent a record amount of Bitcoin to exchanges right as the network’s difficulty metric hit a new all-time high.

Crypto scams are down 77% — but this exploit is making a huge comeback

Attackers of this kind are supposedly "big game hunting” large-scale organizations with deep pockets to extract ”the most money possible” out of these firms.

Coinbase Wallet launches instant messaging feature with XMTP

The new feature offers end-to-end encrypted private messaging for anyone with a cb.id username, .eth domain, or Lens ID.

Bank of China trials offline payments for digital yuan via SIM cards

The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized "super SIM cards" that have near-field communication capabilities.

US GAO explores blockchain for SBA’s small business programs oversight

the GAO highlighted blockchain’s ability to streamline and improve annual reporting, facilitating safe loans and monitoring business development progress among others.

Bad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities

In January, lawyer John Deaton persuaded the Judge in the SEC vs LBRY case that secondary LBC token sales don’t constitute a securities offering.

Arkham CEO rebuts claims of ‘snitch-to-earn’ program, says it's to find bad actors

Arkham CEO Miguel Morel said public blockchains are "probably the worst possible way of keeping one's private information private.”

Experiments show AI could help to audit smart contracts, but not yet

Artificial intelligence has proven effective at identifying security vulnerabilities, but early tests indicate it won’t be able to replace humans for a while.

Multichain Executor has been 'draining' AnySwap tokens: Report

The contract has used an “anySwapFeeTo” function to transfer hundreds of thousands of dollars worth of tokens to itself, which on-chain sleuth Spreek suspected may have been malicious.

Bitcoin continues dominance as 3rd week of fund inflows correct previous months’ outflows

Blockchain equities inflows reached a recent high of $15 million as well. However, total trading volume dropped.

Algorand decentralized lending protocol Algofi to shut down by end of year

Developers say building the borrowing and lending protocol is "no longer a viable path" for Algorand.

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