Repeated outages of one of the most popular blockchains believed to have the potential to dethrone the Ethereum network sparked a conversation among community members about the future of those carrying the burden of being called an “Ethereum killer.” A member of the cryptocurrency forum on Reddit opened a conversation on Ethereum killers and questioned their ability to succeed in the current crypto space. According to the community member, those dubbed as Ethereum killers are not likely to succeed because they do not get the same adoption that Ethereum does. In addition, the community member argued that even if a …

Jack Dorsey, co-founder of the online microblogging service Twitter, is progressing with Bluesky, a decentralized Twitter alternative, as its mobile application is now being tested in private beta. Bluesky has hit the App Store as an invite-only app, allowing certain persons to try out the new social experience by creating an account via an invite code. According to a report by TechCrunch, the Bluesky iOS app debuted on Feb. 17 and has amassed about 2,000 installs as of Feb. 28. The app is reportedly not yet available for Android testers on Google Play. As one can see on Bluesky’s App …

One of the original core developers behind Bitcoin (BTC), Luke Dashjr, has taken to social media to call out an auction site that has used his name and code without his consent to create and sell a “misleading” NFT. The core developer said he hasn't been the first Bitcoin developer to have his name or his work used in this way. In a Feb. 27 post on Twitter, the developer revealed a non-fungible token (NFT), featuring a picture of code he wrote, was sold at auction site for 0.41 Bitcoin (BTC), or roughly $9,500 at the time of writing. I …

Cointelegraph is proud to announce its partnership with Phaver, a mobile Web3 social application with over 140,000 monthly users. The partnership will provide daily Cointelegraph content to Phaver users and others across applications built on the Lens protocol. Cointelegraph, the world’s largest crypto media platform, is a strong believer in the emergence of Web3 social media applications. The partnership with Cointelegraph is a major milestone for Phaver and the Lens Protocol, both of which have been on a mission to develop and grow Web3 alternatives to current social media platforms. It’s also a significant step for Cointelegraph, which believes in …

Bitcoin’s Lightning Network (LN) capacity recently surpassed an all-time high of 5,000 BTC. The Lightning Network is a neutral protocol built on top of Bitcoin and currently it does not have a “native” token attached to it like many decentralized finance platforms. Although the Lightning Network’s total liquidity is less than 0.5% of the ETH in DeFi contracts, the uptrend in Bitcoin’s LN capacity versus a downtrend in the amount of ETH locked in smart contracts is encouraging for LN development. While the liquidity on the LN has been rising consistently, the number of channels on the peer-to-peer network dropped …

‘Less interest than anticipated’ — PROOF cancels NFT event Kevin Rose, the co-founder of the nonfungible token (NFT) collection Moonbirds has confirmed that their flagship conference “Proof of Conference” scheduled for May has been canceled, citing “less interest than anticipated.” We made a tough decision today, I want to apologize to everyone that planned on making the trip out. Full ETH refunds have been processed, hotels are refundable, and contact us about flights. (details below) https://t.co/tV4ba85648 — KΞVIN R◎SE (,) (@kevinrose) February 20, 2023 The conference was first announced in early November. It was scheduled to run on May. 11 …

The Californian Department of Financial Protection and Innovation (DFPI) has launched a new crypto scam tracker to help traders and investors spot possible industry threats. On Feb. 16, the DFPI launched the tracker based on user complaints. It has compiled a list of crypto-related grievances by victims that claim to have been scammed or have identified attempted scams. The complaints listed represent descriptions of losses incurred in transactions that victims have identified as part of a fraudulent or deceptive operation. However, the DFPI stated that it had not verified any of the scams listed, but noted that it receives thousands …

Decentralized social network Damus teased an upcoming feature in its app that would allow users to earn Satoshi — the smallest fraction of Bitcoin (BTC) — based on post engagement on the platform. In a Twitter post, the Damus team highlighted that there will be a feature that allows users to earn Satoshis in the next version that’s “coming soon.” The team did not provide any details after the announcement. Coming soon in the next version... earn sats directly on posts! This post earned 118k sats which is about $40. Pretty neat! pic.twitter.com/dAbWWD4i93 — Damus⚡️ (@damusapp) February 5, 2023 Damus …

The future of decentralized social media Traditional Web2 social media platforms are plagued by fundamental problems such as censorship, lack of users’ privacy and demonetization. Decentralization is a potential solution. Many of Web2’s major social media are already looking for a way out by making steps forward to Web3 and decentralization. For instance, Reddit touted community points, which are ERC-20 tokens that users can earn by posting quality content and contributing to online communities. To do so, Reddit is working with Arbitrum, a layer 2 protocol designed to scale Ether (ETH) transactions. Twitter rolled out support for NFTs, allowing users …

A federal judge in the United States has reportedly given approval for tech giant Meta to move forward on acquiring a virtual reality company. According to a Feb. 1 report from Bloomberg, Judge Edward Davila in U.S. District Court for the Northern District of California denied an injunction by the Federal Trade Commission, or FTC, as part of an effort to block Meta from purchasing VR firm Within. However, he also reportedly issued a temporary restraining order preventing Meta from closing the deal for at least a week. The ruling was part of a lawsuit filed by the FTC against …

Damus, a so-called “Twitter killer” built on a decentralized network has been approved on the Apple App Store. The Damus team confirmed the approval to its 11,500 Twitter followers on Jan. 31, following what it claims was at least three rejections from the Big Tech player. Shortly after, Twitter co-founder and Nostr contributor Jack Dorsey shared the news with his 6.5 million followers, with the entrepreneur labeling it as a “milestone” moment for open source protocols: a milestone for open protocols...#nostr is now officially on the Apple App Store with @damusapp:https://t.co/GQmvPE5nfX — jack (@jack) January 31, 2023 The app dubs …

Rally, a social token platform, has announced nonfungible tokens (NFTs) on its sidechain will no longer be accessible. Users reported across social media platforms that Rally said the platform’s sidechain will “begin to sunset” after Jan. 31, leaving users unable to access NFTs once the site fully shuts down. The site’s developers did not say that they would be offering another path forward in the future, but hinted at building “leaner web3 experiences and/or products on mainnet.” “2022 was a challenging year not only for the platform, but also for the entire crypto industry,” said Rally. “The team has worked …