In the coming months, Crypto.com’s blockchain will let projects built on Ethereum transfer over to its ecosystem via Ethereum Virtual Machine, or EVM, compatibility. The company also unveiled a related fund to bolster interested projects. According to a Friday public statement from the company provided to Cointelegraph, the EVM feature goes live on the Crypto.org blockchain on July 14 of this year. “EVM support will be implemented as a side-chain,” the statement noted. Crypto.com is currently a notable entity in the crypto space, with its CRO asset ranked amid the top 50 crypto assets by market cap on CoinMarketCap as …

Digital Asset, the creator of the Daml smart contract programming language, has secured $120 million in Series D financing from investors 7Ridge and Eldridge, setting the stage for continued expansion of the blockchain and data infrastructure company. The impressive funding round follows a year of significant growth for Digital Asset. The company tripled its customer base in 2020, with 50% of new business coming from non-blockchain domains, according to Emnet Rios, Digital Asset’s chief financial and operating officer. He explained: “We saw significant demand for Daml to solve internal challenges of data silos within an organization. As a result, we …

Women working in the blockchain sector are still few and far between. While exact statistics are unclear, technology has, in general, remained a male-dominated field. For instance, a recent report from Deloitte found that only 7% of fintech startup founders are women. The report also noted that startups founded and co-founded by women have struggled to raise funds during the COVID-19 pandemic. Findings show that during the first six months of 2020, 20 women-led startups raised a total of $875 million. On the other hand, 243 startups founded by men raised around $12 billion during the first half of 2020. …

A venture DAO is taking on the heavyweights of the blockchain VC world with a community-driven venture capital protocol and accelerator. Stacker Ventures claims that the current landscape is often dominated by exclusive deals that see VCs get significantly greater value than mainstream investors. As well as delivering capital to early-stage projects, the platform is also going to provide the manpower and skills that startups need to succeed through its involved DAO participants. Stacker Ventures is backed by a line-up of renowned crypto venture capital firms — including Senary Blockchain Ventures, Supernova Fund and Fourth Revolution Capital — who are …

The COVID-19 pandemic has exposed flaws across various sectors. As a result, a number of government departments are evaluating blockchain-based systems as possible solutions for challenges involving multiparty workflows, record-keeping, transparency and more. For example, the United States Department of Education recently provided funding for the launch of the “Education Blockchain Initiative.” Referred to as the EBI, this project is led by the American Council on Education — an organization that helps the higher education community shape effective public policy — and is designed to identify ways that blockchain can improve data flow between academic institutions and potential employers. Determined …

While the price of Bitcoin (BTC) continues to reach record-breaking all-time highs, the hype around enterprise blockchain adoption may seem like it’s dwindling. Enterprise blockchain started gaining traction in 2017 when Bitcoin’s price hit a high of nearly $20,000. It was during this time that blue-chip companies, such as IBM, JP Morgan and Walmart, announced plans to incorporate blockchain networks into business processes like supply chain management. A number of innovative startups also began building their own blockchain networks for enterprise use. One of these startups was Insolar, a company founded in 2018 with the aim of bringing transparent and …

Twitter plays defense with its patents, Square has launched a consortium — which includes Coinbase — to pool crypto patents and Alibaba is well on its way with its mission to overtake IBM in the blockchain patent wars. Many startups don’t take the necessary steps to protect their innovations, and that’s a big mistake. Particularly in blockchain, an open-source philosophy embedded in the space makes many entrepreneurs eschew the competitive, territorial landscape of patent applications. In fact, a lot of startups believe patents can’t be enforced on decentralized autonomous technology. That’s not true. In keeping their distance, they do themselves, …

As the team behind Morph.Finance can attest, developing an algorithmic stablecoin project can be every bit as frustrating and thrilling as investing in one. While algorithmic assets have retreated from mid-December marketcap highs, the space has nonetheless continued to attract intrepid investors and developers aiming to position themselves at the forefront of a new financial vertical — though it remains an open question if such projects will ever achieve stability. Largely formed in the mold of defunct 2018 project Basis, algorithmic assets are designed to automatically adjust the total circulating supply of a token based on preset conditions, such as …

A fledgling blockchain-based game project called Illuvium has already managed to attract support from major industry backers — a development owed in part to the fact that Illuvium co-founders Kieran and Aaron Warwick are the brothers of Kain Warwick, the co-founder of decentralized finance (DeFi) platform Synthetix. In a tweet on Friday, Kain announced that “after two years of pressure,” his brothers were revealing to the world a blockchain-based game: Extremely excited that after years of pressure two of my brothers are launching a crypto NFT game @illuviumio. Also as promised I just finished that $1m @chainlink market buy into …

Late last week, the United Kingdom’s Financial Conduct Authority issued temporary licenses to applicant companies looking to become licensed crypto-asset firms. However, with the publication of this list of temporarily authorized firms has come a large amount of confusion for those that applied or were thinking of applying. The deadline for companies to have acquired this license is Jan. 10, 2021. Under the current rules, companies that have a nexus within the U.K. and have failed to obtain the license before this date will no longer be able to deal in or manage crypto assets. In order to meet that …

Consisting of 24 Tweets over a 48-hour period, Inverse.Finance’s social media presence reads like a decentralized finance (DeFi) startup story in hyperdrive. Over the course of its short life the fledgling protocol has already attracted $4.3 million in total value locked (a figure that seems to be rising as fast as solo developer Nour Haridy can raise the hardcap), luring depositors with the promise of passive ETH gains on DAI — gains powered by permissioned early access Yearn.Finance’s forthcoming, yield-bearing v2 vaults. Excited to launch a new DeFi lego: @InverseFinance Deposit Dai, earn ETH passively Powered by Yearn V2 vaults …

Blockchain marketplace Climatetrade will be building its new CO2 carbon offsetting platform on Algorand, a top-50 cryptocurrency project that is gunning for scalability and transactional performance. Climatetrade announced Wednesday that it has selected the Algorand blockchain to power its carbon offsetting marketplace, which is designed to help organizations achieve CO2 neutrality — a key pillar in the fight against climate change. Climatetrade is building on Algorand for its “flexible architecture, low transaction fees and scalability of transactional performance,” according to CEO Francisco Benedito. Algorand is the 49th largest cryptocurrency project with a total market of around $393 million. Its ALGO …