As the blockchain industry expands and becomes more of a fixture in everyday life, the idea of "one chain to rule them all" and the general ideology of blockchain maximalism is beginning to fall to the wayside, and the focus on interoperability and cross-chain collaboration is coming to the forefront. One project that is specifically designed to help advance the ecosystem as a whole and develop the future of the open internet is Gitcoin (GTC), a community of builders, creators and protocols. Data from Cointelegraph Markets Pro and TradingView shows that the price of GTC has swelled 103% from a …

The fight for lawmakers to clear up the language used to define brokers in the crypto space may be moving to the United States House of Representatives soon after a failed attempt in the Senate. In a 69-30 vote, the Senate passed HR 3684 this morning, a bipartisan bill that proposes roughly $1 trillion in funding for roads, bridges and major infrastructure projects. However, the bill also suggests implementing tighter rules on businesses handling cryptocurrencies and expanding reporting requirements for brokers, mandating that digital asset transactions worth more than $10,000 are reported to the IRS. Though initially split on the …

United States Senators putting forth differing amendments for provisions in the infrastructure deal that apply to crypto have reached a compromise after a legislative setback. In a press conference on Monday, Senator Pat Toomey said there was now a bipartisan agreement on an amendment to infrastructure bill HR 3684, backed by Cynthia Lummis, Rob Portman, Mark Warner, Kyrsten Sinema and Ron Wyden. The Pennsylvania lawmaker said the new amendment would exempt software developers, transaction validators and node operators, while tax reporting requirements “should only apply to the intermediaries.” “We came together to provide greater clarity on the rules for who …

A decentralized finance protocol has launched its mainnet — describing it as a crucial step on the journey to a frictionless financial future. Radix, which describes itself as a platform for smart money, is also launching Instapass with its Olympia mainnet — an optional user and developer service that delivers the world’s first single sign-on solution for building compliant DeFi. The Radix mainnet is being positioned as a generational improvement in the history of decentralized ledger computing — and one that delivers 100 times more executional efficiency than the Ethereum Virtual Machine. This comes hot on the heels of the …

Multiverse, a decentralized artificial intelligence ecosystem that funds early-stage tech companies, has secured $15 million in investments from some of blockchain’s biggest venture funds. Samsung Next, an investment group focused on AI, blockchain and fintech, was among the investors, along with Arrington XRP Capital, Huobi Ventures and Fenbushi, Multiverse announced Wednesday. With the raise, Multiverse now has an implied valuation of $250 million, making it one of the largest ecosystem developer funds at the intersection of blockchain and AI. The investment will go towards expanding Multiverse's capacity across engineering, research and marketing. The organization is eyeing a bigger presence in …

Layer-two scaling platform Celer Network has officially launched the mainnet version of cBridge, a multi-chain network that gives users the ability to more easily swap assets across multiple blockchains. With cBridge, users can instantly transfer tokens across Ethereum, Polygon, Binance Smart Chain and Arbitrum networks without experiencing any liquidity bottlenecks, Celer announced Thursday. The company claims that cBRidge solves many of the existing challenges preventing the full integration of layer-two scaling solutions, including an overly complex user experience and the significant resources required to move assets across multiple chains. Related: A multichain future will accelerate innovators and entrepreneurs Mo Dong, …

1inch Foundation, the non-profit organization of the 1inch decentralized exchange aggregator, has earmarked $3 million to fund new protocol upgrades as part of a grants program targeting developers. Over the next 12 months, 1inch Foundation will disburse grants for projects in the following categories: network development, community development and research and analytics. The network development category targets aggregation products, automated market makers, wallets, layer-2 protocols and integrations involving the 1inch API. For community development, eligible projects include educational materials, local meetups and hackathons. In the research and analytics category, 1inch Foundation is looking to fund projects around data analytics and …

The number of reachable Bitcoin network nodes has crossed the 13,000 mark for the first time. As previously reported by Cointelegraph, the previous all-time high was 11,613 achieved back in January. According to data from Bitcoin network statistics dashboard Bitnodes.io, this milestone was reached back on July 5 when the number of reachable nodes clocked in at 13,374. At the time of writing, Bitnodes’ data puts the current network node count at about 12,835, Coin.Dance, another tracking website, also has Bitcoin’s node count at a new all-time high of 12,825. Nodes running the Bitcoin Core software make up 98.77% of …

Coinbase has unveiled a new tool that can automatically audit smart contracts built on Ethereum that use the Solidity programming language. Designed to be used by smart contract auditors, asset issuers and other exchanges, the firm has plans to make the tool open source later this year In a Wednesday post, Coinbase principal blockchain security engineer Peter Kacherginsky announced the firm’s new security analysis tool dubbed “Solidify,” which was created to improve on the “time-intensive and error-prone” process of manual smart contract analysis. The engineer noted that the exchange’s token listing process requires extensive security reviews and “risk mitigation recommendations” …

A blockchain application platform has proudly unveiled a brand-new interoperability solution at an annual event held for developers. In total, eight roadmap objectives were unveiled by Lisk during the self-titled Lisk.js conference, which was held virtually and live-streamed from a stage in Berlin. One of the most significant of these is cross-chain update transactions, which ensure that information can be carried securely and quickly between networks. Details were also revealed about how sidechains will be introduced to the Lisk ecosystem — and the safeguards in place that ensure sidechains can be terminated if necessary. Support is also going to be …

A platform that allows blockchain applications to be built using JavaScript has invited developers and entrepreneurs with bright ideas to take place in an online hackathon. HackOnLisk aims to support innovation on the Lisk network as it moves to the Sapphire phase of its roadmap — marking the moment where different blockchains within its ecosystem can communicate with each other for the very first time. In order to enter, participants need to build a blockchain application using Lisk SDK 5.1.0, the latest release, and provide a URL to an open-source repository. Last but by no means least, a 10-minute video …

Developers in the DeFi space are currently confronted with a terrible choice: Build something quickly and risk losing people’s money, or write bug-free Solidity code that takes time — meaning they miss market opportunities. With Solidity developers now spending up to 90% of their time securing code and only 10% being creative, a blockchain project says the DeFi world deserves better, and is promising to deliver a way to create DApps quickly and securely. The Radix Engine uses a new programming language called Scrypto — and the team behind this initiative say their smart contracts run on the same logic …