New projects from the venture capital firm Andreessen Horowitz (a16z) are focused on ZK proofs, a type of cryptography that can help scale blockchains. Because so many of a16z’s portfolio companies rely on ZK tech, the firm is making a bet that its own contributions can help those companies succeed. Silicon Valley venture-capital giant Andreessen … Read more
Decentralized governance-focused crypto project the Aragon Association considered selling itself in June. The deliberations came after months of pressure from activist investors who have eyed Aragon’s $180 million treasury. The Aragon Association, one of the biggest crypto projects building tools to support decentralized governance, is trying to get out of its own governance pickle. After … Read more
Immutable, a web3 gaming platform, announced today that it is commencing public testing of a new layer-2 blockchain, Immutable zkEVM, in a bid to reduce dependence on a single network infrastructure. The zkEVM is a zero-knowledge (ZK) rollup, a scaling feature aimed at reducing gas fees and increasing transactions, that is compatible with the Ethereum … Read more
Hedera Hashgraph’s HBAR token has surged over 15% after the U.S. Federal Reserve’s instant payments platform FedNow added “Dropp,” a Hedera-based micropayments platform, as a service provider. Dropp is a pay-by-bank alternative to credit card payments which allows merchants to accept small-value purchases digitally without large transaction fees, according to FedNow’s press release. Dropp allows … Read more
Metaverse focused blockchain Lamina1 has launched its betanet and Hub for developers and creators. Lamina1 CEO Rebecca Barkin told CoinDesk that they are “not far” from mainnet launch and aiming to put out a product that can be used more broadly and publicly by early next year. Lamina1, the metaverse-focused layer-1 blockchain co-founded by science-fiction … Read more
After a quick surge to start the year resulted in a near doubling of its price, bitcoin (BTC) has traded mostly in a tight range for the past few months, struggling to hold above $30,000 for a sustained period of time. Since April, and in particular since mid-June, bitcoin’s has reversed abruptly anytime it has … Read more
Aave token holders started voting today for two governance proposals in response to the systemic liquidation risk posed by Curve founder Michael Egorov’s large borrowing position on the lending protocol. Authored by on-chain risk management platform Chaos Labs, the two proposals aim to disable the borrowing of CRV – the native governance token for stablecoin … Read more
Crypto exchange-traded-funds (ETFs) add capital to the market not just by creating demand in the spot market, but the market signal of regulatory approval of these products produces a growth flywheel for retail and other institutional flows that are seeking legitimacy, broker Bernstein said in a report Monday. “With the interest of leading global asset … Read more
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Hedera Hashgraph’s HBAR token took the lead among major cryptocurrencies on Monday with a gain of 15% over the last 24 hours, after … Read more
Bitcoin (BTC) and ether (ETH) traded flat on Monday after a relatively uneventful weekend for crypto majors in the absence of a strong catalyst that could help add buying pressure to a dim market. Bitcoin traded just over $29,300 while ether flirted around the $1,850 mark. Both assets have returned slightly over 1% for investors … Read more