Emerging blockchain project, Linera, has secured $6 million in funding for team expansion and protocol development. The protocol, introduced by ex-Meta Novi engineer Mathieu Baudet, innovatively addresses scalability issues by utilizing “microchains” within the main blockchain, potentially improving Web3 app interactions and reducing infrastructure unavailability during traffic peak times. However, the extensive interconnectivity this model introduces could create potential vulnerabilities.
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Bitcoin’s Race to $100,000: An Optimistic Prophecy or Fantasy Among Fraught Skepticism?
“Hut 8 VP, Sue Ennis, predicts Bitcoin could reach $100,000 by snaring 2%-5% of gold’s market cap. Despite political turbulence and Bitcoin’s dismal performance, she maintains that diversifying mining revenue and approval of a Bitcoin ETF could drive Bitcoin’s surge.”
Spectacular Rise of GUISE and Wall Street Memes: Fluke or Future of Crypto Investing?
“GUISE, a Decentralized Exchange token, has gained significant attention after experiencing a +30,000% pump during its launch. Meanwhile, Wall Street Memes (WSM) emerged from nowhere to raise $25 million in presale funding, the biggest meme coin presale of 2023, indicating a shift in crypto markets.”
Navigating Uncharted Territory: A Comparative Analysis of Stablecoin Regulation Worldwide
“Recent news around CoinDesk and the temporary pause of their ‘Money Reimagined’ newsletter highlight the challenges faced by crypto media platforms. In this backdrop, a closer look at the regulatory landscapes shows varying global response to cryptocurrencies, notably stablecoins.”
Swaprum Rug Pull: DeFi’s Security Dilemma and CertiK’s Raised Eyebrows
Decentralized exchange Swaprum disappears with $3 million of client funds just weeks after being audited by CertiK. As DeFi projects face growing security threats, the need for thorough security audits and due diligence is more crucial than ever.