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Surge Raises $1.8M in Pre-Seed Funding to Accelerate Bitcoin’s Scalability With its MetaLayer Tec...
SAN FRANCISCO, CA; 17th October 2024: Surge, a Bitcoin protocol layer designed to improve the network’s scalability and functionality, has secured $1.8 million in pre-seed funding to drive the development of its MetaLayer to unlock Bitcoin’s full potential as a global currency and a base layer for innovation.
The funding round attracted support from forward-thinking VC firms, including Autonomy, Gerstenbrot Capital, Double Peak Group, Sats Ventures, Vamient Capital, and Samara AG. Notable angel
Surge Raises $1.8M in Pre-Seed Funding to Accelerate Bitcoin’s Scalability With its MetaLayer Techno
SAN FRANCISCO, CA; 17th October 2024: Surge, a Bitcoin protocol layer designed to improve the network’s scalability and functionality, has secured $1.8 million in pre-seed funding to drive the development of its MetaLayer to unlock Bitcoin’s full potential as a global currency and a base layer for innovation. The funding round attracted support from forward-thinking VC firms, including Autonomy, Gerstenbrot Capital, Double Peak Group, Sats Ventures, Vamient Capital, and Samara AG. Notable angel
Why Decentralized AI Matters? Insights into Data3 Network's Approach
“The best way to predict the future is to invent it.” Artificial intelligence has experienced explosive growth over the past decade—bringing about a paradigm shift in industries and innovating everyday life. But this progress comes with a remarkable issue: too much control is concentrated in the hands of a few major players—Google, Microsoft, and OpenAI among them. The availability of private data to develop any new AI models and train them is the biggest roadblock. As Lord Acton once observe
Gasless Trading Experiences: The Future Standard for DeFi Platforms
Gas fees, a cornerstone of Ethereum's infrastructure, have served as a double-edged sword as it is both a catalyst for innovation and a potential barrier to entry. As DeFi grew, particularly during 2020's "DeFi Summer," gas fees became a topic of huge concern, with users expressing frustration over the high costs. For example, during the 2021 NFT boom, gas prices surged again due to the influx of NFT transactions. Then the scaling challenges faced by Ethereum led to the development of Layer 2 so
The rapid advancement of quantum computing presents both unprecedented opportunities and formidable challenges, particularly for blockchain technology. As quantum computers become capable of breaking traditional cryptographic algorithms, the very foundation of blockchain's security is at risk. Amidst this looming threat, Quranium emerges as a visionary platform, offering quantum-proof security while addressing the long-standing blockchain trilemma of scalability, security, and decentralization.
Native, Avail, and Nuffle Join Forces to Power BLIS: Unlocking Bitcoins Liquidity Secure Scalability
A new strategic partnership between Native, Avail, and Nuffle has been announced to power - the Bitcoin Liquidity, Interoperability, and Security Stack. This partnership is set to address some of the most pressing challenges in the Bitcoin ecosystem by bringing together state-of-the-art solutions to strengthen security, scalability, seamless interoperability, and unified liquidity. The partnership seeks to provide a trust-minimized infrastructure that will create new opportunities for Bitcoin's
Chain Fusion Hacker House: Where Multi-Chain Innovation Meets Opportunity in Bangkok
Albert Einstein once said, "Imagination is more important than knowledge." This rings true for those ready to push the boundaries of technology at the Chain Fusion Hacker House this November in Bangkok, during DevCon Southeast Asia. This event goes beyond coding—it’s about uniting tech enthusiasts, innovators, and dreamers under one roof. Whether you're a veteran developer or a newbie eager to explore the world of Web3, Chain Fusion Hacker House offers a unique platform to spark your creativity,
Babylon’s Bitcoin Staking Cap-2: Everything You Need to Get Started
Babylon's Cap-2 staking program isn’t just a new phase—it’s a strategic move that offers Bitcoin holders a new way to engage with their assets. Traditionalists might say, “Wait, can you even stake Bitcoin?” Now, Babylon is rewriting the script with Everstake for Bitcoin holders to participate in a staking process that brings unparalleled flexibility and potential returns. This phase introduces enhanced transaction limits, reduced fees, and an increase in reward points, crafting tailored opportun
How Can Crypto Hedging Platforms Stabilize Your Investments in Volatile Markets?
Cryptocurrency markets are nothing if not unpredictable. Prices can swing wildly with assets like Bitcoin fluctuating thousands of dollars within a single day. In late 2022, Bitcoin's 10-day volatility exceeded 100%—the kind of instability that even veteran investors find challenging to traverse. In this environment, the crypto hedging platform has become a go-to strategy for protecting investments. It allows investors to reduce their exposure to steep price drops without stepping away from pote
Competing Solvers and Dynamic Pricing: Revolutionizing DeFi Trading
For anyone involved in or curious about Decentralized Finance (DeFi), understanding how trades are executed efficiently and fairly is key. Speed and precision define success, especially in DeFi and so the mechanisms of asset pricing are undergoing massive changes. This makes learning about dynamic pricing models and competing solvers important as they can offer imperative insights into how DeFi is evolving. If you've ever used a ride-hailing app like Uber and noticed how prices spike during hi
The Impact of Aggregated Liquidity on Large Trade Execution
Over the past decade, cryptocurrency markets have ascended from niche ecosystems into sophisticated networks where liquidity serves as the bedrock of stability. Liquidity is the ease of buying and selling without significant price changes. Executing large trades—often called “whale transactions”—requires liquidity that is not only deep but also seamlessly accessible. However, liquidity in the crypto space is distributed across centralized exchanges (CEXs) and decentralized exchanges (DEXs) that
The Role of Advanced Solvers in Enhancing DeFi Trading Efficiency
Trading in crypto markets can feel like swimming in shallow waters – small moves create big waves. Liquidity is the ease of buying or selling assets without drastically changing their price. In high-liquidity markets, trades are smooth. But in low-liquidity markets, even small trades can cause price swings, leading to slippage (the difference between the expected and actual trade price). All in all, in decentralized finance (DeFi), liquidity fragmentation is one of the key challenges. If you w
Crypto Prices Drop Amid Middle East Tensions and Market Fears
Cryptocurrency prices tumbled after Iran launched missiles at Israel, with Ethereum briefly falling below $2,500 and Bitcoin dipping under $62,000. The global crypto market cap dropped 5.5%, reflecting broader investor concerns as equities also plunged. Investors are fleeing risky assets like crypto and stocks for safer ones such as bonds and gold amid escalating geopolitical tensions in the Middle East. The missile attack follows Israel’s strikes on Iranian proxies, raising fears of further co
Nibiru Foundation Launches Venture Arm to Boost Web3 Innovation
Nibiru Foundation has launched Nibiru Ventures, a strategic investment arm aimed at supporting blockchain projects within the Web3 ecosystem, particularly in decentralized finance (DeFi) and real-world assets. Nibiru Ventures will offer funding, guidance on go-to-market strategies, and technical support, helping developers reduce risks associated with building on Nibiru's layer 1 blockchain. The venture arm will prioritize early-stage projects like decentralized exchanges and lending platforms,
Crypto at a Crossroads: Fragmentation Threatens Its Original Mission
Crypto was meant to revolutionize global finance by simplifying cross-border payments, reducing costs, and eliminating intermediaries. However, the current ecosystem, with over 1,000 blockchain networks and 10,000 cryptocurrencies, has become fragmented and complex, resembling the very system it aimed to disrupt. Each blockchain operates like a separate entity, complicating transfers and creating barriers for users. The user experience remains convoluted, and the early adopters benefit from kee
Lamborghini Enters Web3 Gaming with Animoca and Motorverse Partnership
Lamborghini has teamed up with Animoca Brands to launch "Fast ForWorld," its first interoperable blockchain-based digital vehicles for use in Web3 games. The collaboration introduces Lamborghini cars into various Motorverse games, allowing players to buy, sell, and drive digital versions of the luxury cars. The platform, set to go live on November 7, will feature a 3D wallet for users to store and interact with their digital collectibles. This partnership marks Lamborghini's entry into Web3-base
Tokenization Boosts Efficiency in Collateral Transfers, Pilot Finds
A pilot project by Digital Asset, Euroclear, and the World Gold Council demonstrated that tokenizing assets like U.K. bonds, Eurobonds, and gold significantly improves the efficiency of financial transactions. Using the Canton Network protocol, the project showed that tokenized assets allow for immediate intraday margin calls and near-instant settlements, bypassing traditional delays tied to settlement cycles and time zones. Tokenized gold, in particular, was converted into "Standard Gold Units
Worldcoin’s Eyeball-Scanning Stations Exploited by Scammers Using Vulnerable People
Worldcoin, the digital identity startup co-founded by Sam Altman, faced significant issues in Berlin earlier this year as scammers exploited its eyeball-scanning stations, recruiting homeless people and refugees to claim cryptocurrency rewards. In exchange for having their eyes scanned, recruits were paid by hustlers, with some groups potentially earning nearly $700,000. This led to frequent fights at the scanning sites and concerns over the integrity of the system. Worldcoin's token (WLD) surg
Bitcoin started October cautiously, with analysts predicting a potential 5-10% correction before resuming any upward movement. The price currently hovers around $63,980, influenced by China's Golden Week holiday and a slowdown in trading. Upcoming U.S. macroeconomic events, including unemployment data, could further affect market sentiment. Traders are preparing for volatility, with a rise in short-term options contracts and a potential post-election rally. Analysts note that Bitcoin's open int
Ethereum Set for Rally as Whale Accumulation Signals Confidence
Ethereum (ETH) has been struggling to break the $2,698 resistance level for six weeks, keeping the cryptocurrency in a consolidation phase. However, whale investors, who hold between 100,000 and 1 million ETH, have accumulated 600,000 ETH worth $1.57 billion, indicating strong confidence in an upcoming breakout. This accumulation pushes their holdings to a three-month high, suggesting a potential rally toward $3,000. The Relative Strength Index (RSI) for Ethereum remains in bullish territory wi