Blockchain startup accelerator Cronos Labs has announced the launch of its second series of the Cronos Accelerator Program. The program, backed by a significant investment of USD 100 million, aims to support early-stage cryptocurrency projects by providing mentoring and funding opportunities. According to an announcement sent to Cointelegraph, Cronos Labs selected eight projects to participate in its accelerator program. Each of the selected projects—Omnus, DeMe, Furrend, Solace, Sakaba, Eisen Finance, Earn Network, and CorgiAI—received seed funding of $30,000 to begin a 12-week program. The chosen projects cover a wide range of areas, such as Web3 game development, decentralized social networking,…
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The European Central Bank (ECB) has released a summary of the results of its central bank digital currency prototyping exercise. The exercise investigated the offline use of a simulated digital euro and four other cases of interoperability with existing payment systems. The project was part of the second phase of the Eurosystem’s preparations for a possible pilot launch of a digital euro in the autumn of this year.. The exercise ran from July 2022 to February 2023. The Eurosystem developed for the exercise a centralized settlement engine called N€XT that used an unspent output transaction (UTXO) model. Private companies provided…
Arthur Madrid, co-founder and CEO of the metaverse project The Sandbox, was the victim of a hack on his Twitter account on May 26, according to a post from Madrid that was apparently made after recovering the account. Apparently, the attacker used the Madrid account to promote a fake phishing scam. In the Madrid post, he warned Sandbox users: “never click on any link that promotes airdrops or URLs and looks like a SCAM – and not 100% using our own unique URL/domain name : http://sandbox .game”. My Twitter was hacked today. and now is back. Please never click on…
Chinese Bitcoin mining company Canaan reported slight improvements in some of its financial metrics in the first quarter of 2023. Progress, however, is still well behind where it was last year in this period. According to an unaudited report published on its investor relations page, Canaan’s net loss was $84.4 million in the first quarter, down from a net loss of $91.6 million in the prior quarter. The net loss represents a significant setback compared to the same period in 2022, when the company posted a net profit of USD 65.1 million. Net diluted loss per American depositary share (ADS)…
Researchers using Twitter’s previously free Decahose data service will soon have to pay a fee of $42,000 a month to continue using it and retain their data. Decahose, a streaming service that gives scientists unlimited access to around 10% of all tweets in real time, has been a mainstay for academic research on myriad topics, including emergency response, application-related activities of the law, political misinformation and extremism. Earlier this year, following Elon Musk’s purchase of the company, Twitter announced that it would start charging for access to its many APIs, with rates ranging from $100 to $42,000 a month. For…
Venture capital fund Andreessen Horowitz, also known as A16z, has published a Solidity library that can be used for anonymous voting on Ethereum. Called “Cicada”, the library prevents an individual voter’s choice from being known before voting is complete. When combined with zero-knowledge group membership systems such as Semaphore, it can also make a voter’s identity permanently unknown, according to a May 24 blog post by Michael Zhu, an engineer at A16z. Excited to announce Cicada: a new building block for private on-chain voting. https://t.co/hxE4KL4Se6— moodle zoup (@moodlezoup) May 24, 2023 We are pleased to announce Cicada: a new concept…
Neuralink, Elon Musk’s brain-computer interface (BCI) startup, He reportedly received approval from the US Food and Drug Administration (FDA) to conduct some sort of “in-human” trial of his surgically implanted brain device. Congratulations Neuralink team! https://t.co/AWZGf33UDr— Elon Musk (@elonmusk) May 26, 2023 Congratulations Neuralink team! At the moment it is not clear what type of trials the Neuralink tweet refers to; the only information mentioned is that the company is not accepting candidates yet. At the beginning of 2022, Neuralink was denied human trial clearance by the FDA due to various safety concerns that the company was trying to address…
In a new Cryptonegocios program, led by Sergio Fernández, they analyzed different topics and conducted an interview with Samson Mow, CEO of JAN3COM. “The CEO of Ripple has come out to say that they will probably win the lawsuit against the SEC and that he expects an imminent verdict. The United States continues to give blind sticks in regulatory matters of crypto and if Ripple wins, regulatory clarity will be provided. The Fiat model is crumbling. The rally for the presidency of the United States in the crypto market has an increasingly powerful tone”, commented Sergio Fernández, mentioning the issues…
Memecoins, or meme cryptocurrencies, began as a cultural phenomenon with the launch of Dogecoin (DOGE) in 2013, inspired by an internet meme and a critique of the wild cryptocurrency market at the time. Dogecoin was developed by software developers Billy Markus and Jackson Palmer as a joke to poke fun at what many saw as irrational investment hype around cryptocurrencies. Memecoins started out as a form of social token. They were often created and promoted by online communities or individuals with a common interest or sense of humor. The social element of memecoins played a significant role in its success…