Blockchain technology continues to make its way into mainstream view, as many companies adopt the technology as a part of their operations. In the push for adoption of this technology comes the simultaneous need for more education on the technology. A new partnership announced on March 2 between the Polygon blockchain network and Mercy Corps Ventures, the investment arm of the humanitarian organization Mercy Corps, focuses on bringing blockchain education and opportunities to underserved communities. According to the announcement, the new partnership has three primary objectives in its effort to bring blockchain and Web3 solutions to “traditionally excluded and underserved …

Automotive giant Toyota is delving deeper into blockchain use cases through its involvement with a Web3 hackathon for decentralized autonomous organization (DAO) developers. On Feb. 1, multi-chain smart contract and decentralized application (dApp) network Astar announced its inaugural Web3 hackathon. The news of note, however, was that it's being supported by the Toyota Motor Corporation. Founder of the Astar Network, Sota Watanabe, commented on the significance of Toyota’s involvement in the initiative: “During the event, we aim to develop the first PoC (Proof of Concept) DAO tool for Toyota’s employees. If a good tool is produced, Toyota employees will interact …

The last few years have seen blockchain platforms becoming the centerpiece of many tech conversations across the globe. This is because the technology not only lies at the heart of almost all cryptocurrencies in existence today but also supports a range of independent applications. In this regard, it should be noted that the use of blockchain has permeated into a host of novel sectors, including banking, finance, supply chain management, healthcare and gaming, among many others. As a result of this growing popularity, discussions pertaining to blockchain audits have increased considerably, and rightly so. While blockchains allow for decentralized peer-to-peer …

Two organizations have established a new partnership in their quest to establish an even bigger presence across South East Asia. The memorandum of understanding between Morpheus Labs and PingCap was signed on July 28. Morpheus Labs, which is incorporated in Singapore, says its goal is to ensure everyone can succeed when creating and implementing Web3 blockchain applications. It offers an industry-leading blockchain development toolbox that reduces the time and effort associated with rolling out DApps — and boasts a library of tried-and-tested applications that developers can build upon. Meanwhile, PingCap provides cloud-native, distributed SQL databases that are designed for real-time …

The decentralized finance (DeFi) industry has lost over a billion dollars to hackers in the past couple of months, and the situation seems to be spiraling out of control. According to the latest statistics, approximately $1.6 billion in cryptocurrencies was stolen from DeFi platforms in the first quarter of 2022. Furthermore, over 90% of all pilfered crypto is from hacked DeFi protocols. These figures highlight a dire situation that is likely to persist over the long term if ignored. Why hackers prefer DeFi platforms In recent years, hackers have ramped up operations targeting DeFi systems. One primary reason as to …

American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser. Confirming the evidence found on the PayPal app, Jose Fernandez da Ponte, PayPal’s SVP of crypto and digital currencies, told Bloomberg News: “We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators.” Moser’s finding uncovered that PayPal is in the works of building PayPal Coin, which will be backed …

Cryptocurrency prices and investor sentiment reversed course on Dec. 15 after Federal Reserve chairman Jerome Powell confirmed the bank's plan to hike interest rates in 2022 and slow down the bond purchasing program that had been in play since the emergence of the coronavirus in March 2020. Following the announcement, Bitcoin (BTC) price tacked on a 1.65% gain, bringing the price above $49,000 and Ether trekked back above the $4,000 mark. Altcoins followed suit with their usual double-digit gains and for the moment, it appears as if bulls have taken back control of the market. Data from Cointelegraph Markets Pro …

While decentralized finance (DeFi) is on the up, a specific sector within seems to be making more noise than most. That section is GameFi, and everyone wants in. At its core, GameFi is a space where players earn from playing their favorite games. They acquire characters in the form of nonfungible tokens (NFTs) and develop those NFTs through gameplay, only to sell them later on for profit. It’s a natural evolution of the current gaming industry, and developers are eager to capitalize on it. aelf is a project looking to help. The GameFi hackathon aelf is a decentralized cloud computing …

Hackathons have gained popularity in the crypto space as the hunt for talent is continuing. Lisk, a blockchain application platform, is launching their second HackOnLisk event, where developers will have the opportunity to build a blockchain application with the latest Lisk SDK following its July hackathon. This time, they are celebrating the new Mainnet v3 and would like developers to hone in on the areas of decentralized finance (DeFi) and GameFi. DeFi applications to consider include decentralized exchange (DEX), lending and stablecoins projects. GameFi (financialization of games) applications include blockchain games and collectibles. For HackOnLisk2, there is a total of …

Solana (SOL) started Friday at a new record high as investors continued to bet positively on its success in the decentralized finance (DeFi) and nonfungible tokens (NFT) sector. The SOL/USD exchange rate reached $146.28 for the first time in history, following a 35% month-to-date rally. The huge upside move lifted the pair’s returns for the year above 7,500%, taking Solana’s market capitalization over $41 billion to make it the seventh-most valuable project in the cryptocurrency space. Solana’s run-up to record highs also brought overvaluation risks in focus, with a classic momentum indicator, the relative strength index (RSI), returning an overbought …

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 …

Blockchain platform Solana announced an open invitation to Building out Loud, a hackathon venture exclusively for Indian developers and entrepreneurs. According to the official statement, Solana plans to launch the three-week long event in collaboration with Devfolio and YouTube influencer Superpumped. Solana’s announcement consists of a free and open invitation to “students, Web2 & Web3 developers, engineers and anyone looking to get into crypto organized in collaboration.” The move toward involving India’s open-source community in crypto may be surprising to those aware of ongoing resistance against Bitcoin (BTC) from mainstream Indian banks such as ICICI. The last date for applying …