Web3 startups have raised more than $5.4 billion in venture capital in the first three quarters of 2024, as per data from Crunchbase’s Web3 tracker. The investment in blockchain-based companies reached $1.4 billion in the last quarter alone. Investors are focusing on emerging markets at the intersection of blockchain and artificial intelligence, with decentralized blockchain infrastructure projects also attracting significant funding. Notable funding rounds in October include Glow's $30 million

Radiant Capital has resumed its Ethereum lending markets following a $58 million hack. The lending protocol has made improvements, such as transferring ownership to a timelock contract, enforcing a 72-hour waiting period for adjustments, and implementing an emergency admin role with a multisignature structure. The DAO also enhanced its multisignature security. These measures aim to prevent future exploits after hackers drained $58 million in digital assets. The attackers compromised private keys

Bitcoin (BTC) saw a recovery from sub-$69,000 levels on Nov. 1 following surprising US jobs data that led to dollar fluctuations. Data from Cointelegraph Markets Pro and TradingView indicated a BTC price rebound after disappointing nonfarm payroll numbers for October. The job additions were well below expectations, with just 12,000 new jobs compared to the anticipated 106,000. Unemployment remained steady at 4.1%. Analysts predicted a 0.25% interest rate cut by the Federal Reserve in response to

DeFi remains complex for many users, but intent-based trading offers a solution. By setting investment goals and automating trades across blockchains, users can simplify their DeFi experience. The evolution of intent-based trading has progressed from rule-based systems to signal-based trading and smart contract automation. The latest innovation, MC² Finance, enables goal-oriented automation across multiple blockchains, enhancing accessibility for both novice and experienced investors. This appro

Bitcoin, often associated with various labels, has now been linked to a potential 'balanced budget trap' for the US government. A recent paper from the Federal Reserve Bank of Minneapolis suggests that Bitcoin could compel the government to balance its budget, limiting spending flexibility during emergencies. The proposal of a Bitcoin ban to maintain primary deficits has sparked mixed reactions within the crypto community. While some view it as a safeguard against currency devaluation, others fi

According to Chainalysis, Eastern Europe has seen a rise in decentralized finance (DeFi) activity, with over $499 billion in cryptocurrency received between July 2023 and June 2024. DeFi transactions accounted for more than $165 billion, making up a third of the region's crypto value flow. Despite this growth, centralized exchanges still dominate, receiving over $324 billion. Russia and Ukraine lead in crypto transaction value, with Russia receiving over $182 billion and Ukraine over $106 billio

A crypto investor, holding a significant amount of Aave, sold off their holdings at a loss of $222,000 during a market dip. The investor withdrew 20,527 Aave from Binance when the price was $155, later selling it at $144 in a panic move to prevent further losses. Despite community amusement at the decision, the market price of Aave continued to decline. Meanwhile, Tesla's third-quarter earnings report revealed the company's $184 million investment in digital assets, including Bitcoin. Despite a

A recent survey conducted by Paribu, a cryptocurrency exchange, in Turkey indicates a growing preference for cryptocurrencies over traditional investment options like real estate and stocks. The survey, titled '2024 Cryptocurrency Awareness and Perception Survey,' involved 2,002 interviews with individuals familiar with cryptocurrency and 541 interviews with active traders. Results showed that 56% of participants favored gold as their top investment choice, followed by foreign currency and then

Solana's Sonic, a layer-2 blockchain, has reached a significant staking milestone by partnering with Solayer and Adrastea to boost Solana's restaking industry. The gaming-focused Solana Virtual Machine (SVM) L2 network has exceeded $50 million in SOL staked delegation on Solayer, becoming the largest AVS on the platform. This milestone underscores the potential growth of Solana's staking ecosystem. Liquid staking on Ethereum has seen substantial success, with a TVL of $44 billion, while restakin

In the pursuit of creating secure decentralized ecosystems, traditional security models borrowed from Web2 are proving insufficient for the unique requirements of Web3. During a recent Cointelegraph AMA, Oliver Hörr, the founder of Hats Finance, discussed the shortcomings of current security approaches and how their platform aims to provide a more efficient and transparent alternative for protecting decentralized projects. Hats Finance offers a decentralized protocol for hosting non-custodial bu

Polkadot is gearing up for its most significant upgrade, Polkadot 2.0, set to roll out in stages by 2024. The update will introduce features like Asynchronous Backing, Agile Coretime, and Elastic Scaling. Cointelegraph Research's report delves into Polkadot 2.0's evolution, ecosystem growth, and developer adoption. Asynchronous Backing, launched in May, enhances block processing efficiency and network performance. Agile Coretime, introduced in September, offers developers new opportunities and c

Superscrypt, a blockchain and Web3-focused venture capital firm supported by Singapore’s Temasek, aims to raise $100 million for a new investment fund. The fund, a collaboration with fintech firm Republic, is in the works and subject to change. Temasek faced scrutiny in 2022 for losing $275 million in the FTX collapse, despite investing $210 million in the exchange a year earlier. Following the fallout, Temasek cut executive compensation and conducted an internal investigation, finding no miscon

XYO, a decentralized physical infrastructure network (DePIN), has transitioned from Ethereum to Solana due to the latter's high throughput, low transaction costs, and scalability. The native XYO token is now available on both Solana and Ethereum, facilitating broader cross-chain accessibility. XYO tokens can be traded against Solana (SOL) and USD Coin (USDC) on Solana-native DEXs Jupiter and Raydium. This move aims to integrate XYO into the Solana DeFi ecosystem, allowing seamless trading betwee

The cryptocurrency industry is projected to continue facing challenges with hacks and scams in 2024, as reported by blockchain security firm Immunefi. Despite a decrease in monthly exploit losses, over $1.4 billion has been lost to 179 incidents this year. October saw losses of $55.1 million, a significant drop from September's $126.9 million. However, vulnerabilities persist, with seven exploits contributing to October's losses, notably impacting DeFi protocols like Radiant Capital and Tapioca

AGBO Studios, founded by the Russo Brothers, has appointed AI veteran Dominic Hughes as its chief scientific officer. Hughes, known for his expertise in algorithms and machine learning, will collaborate with AGBO's teams to boost AI capabilities for a more enriched creative process. The studio, renowned for directing blockbuster hits like Avengers: Infinity War and Avengers: Endgame, aims to empower artists in telling bold stories through innovative technology. Prior to joining AGBO, Hughes led

Crypto companies are significantly impacted by audio and video deepfake frauds, with over half reporting incidents in a recent survey. According to a study by Regula, 57% of crypto firms experienced audio fraud, while 53% fell victim to fake video scams. These percentages exceed the average impact proportion of 49% across various sectors. The survey involved 575 businesses in industries like finance, technology, and healthcare. Audio and video deepfake frauds have seen a notable increase since 2

Binance recently announced a collaboration with Amazon Web Services (AWS) to utilize Amazon's artificial intelligence for improving the Know Your Customer (KYC) verification process on the Binance platform. The new AI-powered KYC system automates user information filling, conducts proof-of-address checks, and enhances screening against World-Check reviews. This integration has significantly boosted user data recognition rates to 95%, reduced optical character recognition costs by 80%, increased

Rune Christensen, the founder of Sky (formerly MakerDAO), has suggested a strict deflationary approach to the governance token as the community prepares to vote on rebranding on Nov. 11. The proposed changes would impact the token supply, whether it remains as SKY or reverts to MKR. If approved, the tokenomics would make the structure deflationary by eliminating token emissions under normal conditions. The burning mechanism would reduce the total token supply over time. The proposal includes int

Immutable, a crypto gaming platform, has vowed to challenge any potential enforcement action from the SEC after receiving a Wells notice. The SEC did not specify its allegations but is believed to be targeting the 'listing and private sales' of IMX token in 2021. Several firms, including OpenSea and Crypto.com, have also received Wells notices this year. Immutable had a brief call with the SEC after the notice was issued, where the SEC disputed the accuracy of a 2021 blog post regarding IMX toke

Immutable, a crypto platform, received a Wells notice from the US securities regulator. Donald Trump made a final attempt to attract crypto voters, while Bitcoin's white paper turned 16. Immutable vows to contest any SEC enforcement action related to its IMX token. Several firms, including OpenSea and Crypto.com, received Wells notices this year. Trump marked the 16th anniversary of Bitcoin's white paper on social media, promising pro-crypto policies if elected. He also pledged to release Silk R