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Conflux Network’s CFX token gained over 13% amid a ‘ strategic partnership’ agreement with Asia-based venture studio BlockBooster. In an X thread, Conflux Network said the latest deal with the Asia-based venture studio will focus on identifying “web3 incubation opportunities within the Conflux ecosystem,” as the project wants to facilitate “major events for Conflux builders.” Conflux is excited to announce a strategic partnership with the emerging Asia-based venture studio @0xBlockBooster! pic.twitter.com/iqzBB3QWgW — Conflux Network Official (@Conflux_Network) January 26, 2024 While no other details have been released, the news was enough to impact the CFX token, which gained over 13% surging to $0.24, according to CoinGecko data. BlockBooster, commenting on the agreement, expressed its intent to support web3 infrastructure, social initiatives, and gaming projects through the partnership with Conflux. CFX price in USD | Sou...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. We should not underestimate the power of narrative s in the blockchain space. So much so that it has almost assumed a “chicken and egg” dynamic, where project teams seek to captivate the public’s imagination with a company vision to attract investment and adoption before the product is developed. It is more prevalent during bullish market phases, marked by an influx of investor funding, euphoria, and substantial price appreciation based on preliminary valuations. You might also like: Web3 breaks ground with the convenience of a consumer-centric approach | Opinion When a narrative eclipses actual product development, it often results in disappointment and economic downfall, as evidenced by many blockchain projects during the late 2021 crypto bull run. Nobel laureate Daniel Kahneman, a leader in behavioral economics, warn...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In the past twenty years, the banking sector has undergone a transformation in fraud detection and prevention. Initially, fraud analysts acted as old-style investigators, relying on intuition and direct communication, often collaborating with law enforcement to identify and address fraud. With fewer payment options like bank transfers, credit cards, and checks, fraud was simpler to detect and control. Merchants employed secure transaction services to verify cardholder identity, while banks often used blunt, rules-based mechanisms to tackle fraud, ignoring the nuances of cardholder profiles and behavior. You might also like: Scammers on the rise: three on-chain cybersecurity predictions for 2024 | Opinion Fast forward to today, and the landscape is dramatically different. The transition to EMV chip cards for Card Present ...

In 2023, web3 saw a 124% surge in Unique Active Wallets, with Near, Klaytn, and Arbitrum leading growth, while others declined. In a recent report by blockchain analytics platform DappRadar on January 11, 2024, the web3 landscape witnessed substantial growth, with a 124% increase in Unique Active Wallets (UAW) engaging with decentralized applications (DApps) throughout 2023. The data spotlighted Near, Klaytn, and Arbitrum as the frontrunners in growth, while Harmony, Solana, and Hive experienced declines in user engagement. On average, 4.2 million UAW interacted daily with web3 apps, doubling the previous year’s figures. Nonfungible token (NFT) products dominated growth, boasting a 166% increase, followed by defi with a 112% surge . Social media apps, buoyed by leading protocols like Friend.tech, Lens Protocol, and Galxe, reported a 29% gain. You might also like: Bitcoin breaks $49k as spot BTC ETF trading volume surges Near, Klaytn, and Arbitrum emerged as the sta...

Protecting privacy means protecting freedom, providing human dignity and ensuring safety, and none of these is optional in the digital era . Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Tim Berners-Lee envisioned the World Wide Web as a decentralized realm, ‘a place where all people had access to the best information at any time.’ But its current iteration, web2, evolved in the opposite direction in the past decades. You might also like: Web3 adoption would be impossible without intuitive UX and convenience | Opinion Giant corporations like Meta, Google, Zoom increasingly dominated web2, turning it into a vast data mine to serve their profit-maximizing interests. Government organizations have also colluded with them in the past for illegal mass surveillance. We’re thus facing a massive threat to digital privacy. The centralized rot runs pretty deep into web2. Bu...

Crypto venture capital investments surged by 20% in August, reaching $660 million, up from $550 million in July. In a potential shift of tides, the crypto venture capital sector witnessed a slight uptick in funding during August despite the ongoing bear market. The latest data suggests that while the number of projects securing funds has decreased, the total amount of funding has risen. According to a Sept. 7 monthly report by Wu Blockchain, the venture capital investments in the crypto space amounted to $660 million in August, marking a 20% increase from July’s $550 million. However, this figure is still notably lower, down by 57% compared to last year’s period, which saw a substantial $1.54 billion in venture capital funding . You might also like: DeFi TVL drops to 31-month low amid bear storm The report utilized data from the crypto project database RootData, highlighting 73 publicly announced investment projects in August. This is a slight decrease from J...

Web3 users will soon be able to experience Africa, Costa Rica and Ukraine in the Metaverse, as organizations recreate virtual environments with a purpose. The Metaverse is quickly becoming one of the most important places for companies and individuals looking to expand their reach. New findings from research firm MarketsandMarkets predict that the Metaverse market size will grow from $61.8 billion in 2022 to $426.9 billion by 2027.  In addition, a recent report from Juniper Research links nonfungible token (NFT) growth to metaverse use cases. According to these findings, metaverse-related NFTs will experience an increase from 600,000 transactions in 2022 to 9.8 million by 2027. Given this potential, a number of regions across the globe have started to establish a virtual presence. For example, the emirate of Dubai announced the launch of the Dubai Metaverse Strategy in July this year. As Cointelegraph previously reported, the Dubai Metaverse Strategy aims to attract companies and proj...

Attorney Marta Belcher joins The Agenda podcast to unpack financial surveillance’s vast infrastructure and warn of the potential ramifications of central bank digital currencies. When most people think of surveillance , they probably think of cameras on street corners, government agencies collecting emails, or smartphones and smart home devices listening to conversations. But there is another form of government and corporate surveillance that gets less attention but is just as prevalent: financial surveillance . On Episode 12 of The Agenda podcast, Jonathan DeYoung is joined by Marta Belcher, a cryptocurrency and civil liberties attorney who serves as president and chair of the Filecoin Foundation and general counsel and head of policy at Protocol Labs, which helps develop the Filecoin protocol. The two discuss a wide range of topics, from the ins and outs of financial surveillance in the United States to why governments are turning away from cash in favor of central bank digital...

Despite having its first build approved in October, Uniswap Labs is facing issues with Apple's App Store regarding its mobile wallet. Uniswap Labs has announced plans to release a new self-custodial mobile wallet that will offer users the ability to swap on L1 or L2 networks without having to switch networks. According to Uniswap Labs, the wallet will allow users to check price charts and search for any token across various networks, including Ethereum, Polygon, Arbitrum, and Optimism. To ensure maximum security, Uniswap Labs worked with Trail of Bits for the audit of the wallet . Additionally, the seed phrases and private keys of both imported and newly created wallet s will be encrypted and stored on devices using Apple's secure enclave, which is excluded from device backups. Uniswap also shared that users will be able to manually store their seed phrases with a paper copy or encrypt and store it on Apple iCloud. 1/ Introducing the Uniswap mobile wallet A completely self-cu...

Fumio Kishida said there were “various possibilities for using Web3” in Japan and has previously supported blockchain-based initiatives for authorities using digital solutions. Fumio Kishida, the Prime Minister of Japan, has come out in support of blockchain as a potential solution for technological issues facing the country. In response to questioning from Liberal Democratic Party member Masaaki Taira before the Budget Committee of Japan’s House of Representatives on Feb. 1, Kishida said there were “various possibilities for using Web3” in Japan. He added that the Japanese Government could use aspects including nonfungible tokens (NFTs) and decentralized autonomous organizations (DAOs) in efforts to revitalize regions and promote ‘Cool Japan’ — a national strategy aimed at showing off the country’s innovations and culture to the rest of the world. “If you consider DAOs, people who are interested in the same social issues can form a new community,” said Kishida. “NFTs can also be us...

Internet security has been a priority for users for decades, but with the rising popularity of Web3, the blockchain industry needs a new infrastructure layer to protect the assets. The web3 space is rapidly growing, but the security aspect of it still has to go through an evolution in order to meet the expectations of the community. Following the major shock of the FTX crisis and the now notorious hack of the exchange, crypto enthusiasts and investors are looking for ways to secure their assets and protect themselves from malicious actors and scammers. And while web3 is steadily infiltrating the everyday lives of people globally, there is a lot to be done in terms of security practices in the space. The key components of creating a reliable relationship of trust among the crypto community revolve around fairness, transparency, and open-source operations.  Education and transparency bring stronger security Web3 is a revolutionary new approach to the online space, and many users are sti...