Daily Web3 Headlines You Need To Know
23 September #NFT #Developers #DeFi & Trading #Policy&Law
🖼 NFT
10K Club .ape DID Airdrop to BAYC Communities
JazDID is a decentralized identity (DID) domain name launchpad co-founded by “Unforgettable” RIAA Diamond record rapper French Montana, USM.World founder Dr. Watney, and Null TX Owner & Founder Marat (Mark) Arguinbaev. JazDID has partnered with USM.world, one of the largest Metaverses on the ETH & BNB networks backed by Consensys Mesh Tachyon (parent company is the builder of Metamask) and OKX ventures…(Read More)
🔗 Developers
Helium migrates its blockchain to Solana following T-Mobile partnership
On Thursday, the Helium Foundation announced that it would be moving its mainnet to the Solana blockchain following a community vote. According to the proposal, proof-of-coverage and Data transfer mechanisms will be moved to Helium Oracles. Meanwhile, Helium’s tokens and governance will relocate to that of the Solana blockchain. As told by developers, the benefits of the move would include more of its native token HNT available to subDAO reward pools, more consistent mining, more reliable data transfer, more utility for HNT and subDAO tokens, and more ecosystem support…(Read More)
Coinbase Cloud launches platform for web3 developers
Web3 development is complex. One needs to learn new programming languages, blockchain technologies, and on top of that, there are many protocols to support. Coinbase Cloud is committed to helping Web3 developers do what they do best… BUIDL. That’s why we’re taking our experience developing Web3 products for DeFi, staking and blockchain infrastructure and making this technology accessible for free to developers around the world, starting with the launch of Node. Node empowers developers to build and monitor their Web3 applications from an easy-to-use platform with instant read/write access to blockchains and powerful data indexers to speed up responses…(Read More)
📈 DeFi & Trading
Celsius Network Might Be Planning to Turn Its Debt Into Crypto ‘IOU’ Tokens
Bankrupt crypto lender Celsius Network appears to be considering a plan to turn its debt into crypto “IOU” (“I Owe You”) tokens. Celsius filed for Chapter 11 bankruptcy protection in July, a month after halting withdrawals because of a liquidity crisis it blamed on “extreme market conditions.” Subsequent bankruptcy proceedings in the Southern District of New York have revealed the depths of Celsius’ financial troubles: The lender owes 500,000 creditors nearly $5 billion…(Read More)
Cryptography Network Lit Protocol Raises $13M to Bolster Web3 Autonomy and Interoperability
Cryptography network Lit Protocol has raised $13 million in a Series A round led by crypto investment firm 1kx to hire developers creating a decentralized ownership and interoperability across protocols, the company announced Thursday. Lit aims to give individuals agency within Web3 ecosystems by giving users a private key that is interoperable across decentralized finance (DeFi), decentralized autonomous organizations (DAO) and non-fungible tokens (NFT) on Ethereum Virtual Machine (EVM), Cosmos and Solana chains. Lit protocol founder David Sneider said users will have greater security and autonomy over their data and digital assets…(Read More)
⚖️ Policy & Law
Israeli crypto exchange receives capital markets license in country first
Israeli-based crypto exchange Bits of Gold became the first crypto firm in the country to receive a license from the Capital Markets Authority, according to social media posts from the company on Sunday. As a result of attaining the license, Bits of Gold will be able to store digital currencies through secured custody in a “Bits of Gold Wallet” they have been working on for some time. It will also start providing a service that enables banks and other financial institutions to connect to its digital asset services…(Read More)
GitHub unbans Tornado Cash repositories following OFAC guidance
Crypto mixer Tornado Cash has returned to the software development platform GitHub after several weeks of being banned on the website. Ethereum developer Preston Van Loon took to Twitter on Thursday to report that GitHub has partly unbanned the Tornado Cash organization and contributors on their platform. The developer suggested that Tornado Cash’s code repositories are now in read-only mode, which means that GitHub is yet to restore full functionality…(Read More)
CFTC Penalizes Blockchain Protocol $250K, Files Action Against Successor DAO
The Commodity Futures Trading Commission has issued an order filing and settling charges against blockchain software protocol bZeroX and its founders, the CFTC announced in a press release Thursday. The order penalizes the protocol and its founders Tom Bean and Kyle Kistner $250,000 for offering illegal, off-exchange trading of digital assets, registration violations and neglecting to adopt a customer ID program required by the Bank Secrecy Act compliance program…(Read More)
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