In this week’s issue of The Protocol, we highlight layoffs hitting key firms as well, and how blockchain projects are competing for new mandates – specifically big Ethereum layer-2 developers like OP Labs, Polygon and Matter Labs vying to provide the technology for the Celo blockchain’s new network
The latest in blockchain tech upgrades, funding announcements and deals. For the week of Oct. 2-8, with live updates throughout.
FTX was hacked in November 2022, hours after the global crypto empire declared bankruptcy and its founder Sam Bankman-Fried stepped down from running the company.
TerraUSD Classic, the stablecoin at the center of Terra’s implosion, will no longer be minted.
Users had nearly six months to claim the tokens after an airdrop in March.
Mixin Network is a protocol designed to address blockchain scalability issues – at the expense of having a centralized database.
Google’s cloud-computing business has stored historical data on Bitcoin since 2018, claiming the service provides faster access than can be obtained directly from the blockchain.
Daily transactions, daily active addresses and total value locked on the blockchain have all fallen since the upgrade, the report said.
A token meant for testing purposes wasn’t intended to be traded, yet some traders have pounced on the supposed opportunity.
Celo, which is ditching its standalone blockchain in favor of a new “layer-2” network atop Ethereum, had originally signaled plans to rely on Optimism’s OP Stack, a similar customizable kit to Polygon’s but using Optimism’s “optimistic” technology.