Crypto Twitter has gone after Nic Carter, a prominent advocate of Bitcoin (BTC), for his involvement in Dynamic, a third-party wallet authentication project that could potentially prevent wallet transactions to be performed if a wallet is categorized as risky. In a tweet, Carter shared his excitement in backing the project, tweeting Dynamic's announcement about a recently completed $7.5 million raise led by Andreessen Horowitz (a16z). Following this, users flocked to Carter’s Twitter, expressing their disappointment because of the move. Twitter user Lifetheuniverce argued that what Dynamic is creating is the “antitheses of what Bitcoin was created for.” The Twitter user …

A major crypto trading platform has unveiled a new wallet that's designed to help users make the most out of what Web3 has to offer. KuCoin Wallet allows customers to create a decentralized account in a few taps — creating a secure environment where major coins including Bitcoin, Ethereum, USDT and USDC can be received, sent and stored. The product's designed to be much more than a crypto wallet — and in the coming months, new features will cater directly to NFT collectors, DeFi investors and GameFi enthusiasts. KuCoin has also revealed that its wallet has integrated Windvane, a "one-stop" …

While the concept of decentralized finance (DeFi) is still seeing strong growth projections, it is not the only industry showing massive potential. Following the financial use case came a host of scientists and entrepreneurs who incorporated smart contracts, tokens and other blockchain tools in their efforts to improve modern science. The movement, which focuses on the benefits of decentralized cross-border collaboration science, is now more widely known as DeSci. Originally, this movement stemmed from the need to enhance scientific funding, which was primarily set by scientists who spent half their time writing grant proposals. Consider that without funding, not only …

Blockchain projects are on the rise since developers are pushing the boundaries of what is possible when trying to leverage the technology’s capabilities and because of the knowledge that no perfect solution may ever exist. For these reasons, cross-chain technology is becoming a joint discussion for enhancing interoperability between different blockchains. Simply put, this technology is the bridge that allows value and information to be transferred between networks. Interoperability becomes crucial for widespread blockchain adoption since it makes the ability for people to interact with the technology more seamless. For example, with cross-chain technologies, people can make payments across multiple …

The Solana team has brought mobile phones to Web3 after revealing Saga, Solana’s Android mobile device that will go out with the project’s latest stack for Web3 developers, the Solana Mobile Stack. The community welcomed the new development with various reactions from comparing the project to Apple and Ethereum to bringing up concerns over Solana’s network outages. Vinny Lingham praised the move and called it Web3’s very own “iPhone moment” and thanked Solana co-founder Anatoly Yakovenko for making it possible. Meanwhile, David Ticzon was also impressed, calling Solana the “Apple of Web3” in a tweet. Some community members also took …

Aave (AAVE) founder and CEO Stani Kulechov said the firm was continuing to develop its decentralized social media platform, with Web3 potentially changing the way many view ownership. Speaking to Cointelegraph at the Collision conference in Toronto on Thursday, Kulechov said Web3 — a buzzword often thrown around, which generally describes the next evolution of an internet based on blockchain technology — could impact how people use social media in much the same way cryptocurrency changed perceptions on finance. The Aave CEO remarked how developers had adapted protocols to handle custody, and the rise in nonfungible tokens, or NFTs, seemed …

Layer-1 blockchain platform Wire Network announced the launch of its blockchain interoperability protocol called the Universal Polymorphic Address Protocol (UPAP). In the Web3 ecosystem, which is nascent compared to the larger crypto market, the primary interaction occurs over digital goods and nonfungible tokens (NFTs). However, a growing number of Web3 platforms lack interoperability, which could be a huge roadblock to a seamless Web3 experience. Wire Network aims to change that with its universal wallet address protocol. Blockchain interoperability is the ability to share information across different blockchain networks without restrictions. With the evolution of the blockchain industry, hundreds of new …

Trust Wallet, a major self-custodial cryptocurrency wallet owned by the Binance crypto exchange, has completed a significant integration to enable easier crypto purchases. The Trust Wallet platform has integrated Binance’s official fiat-to-crypto provider Binance Connect with a plan to gradually enable users to purchase more than 200 crypto assets directly from credit or debit cards, the firm announced to Cointelegraph on Wednesday. Trust Wallet’s new crypto buy option is designed to simplify the process of buying crypto, enabling verified Trust Wallet users to fund their wallet with more than 40 fiat currencies. To add funds to the Trust Wallet via …

What is the next evolution for cryptocurrency exchanges? The modern DEX is designed to take advantage of the benefits of both CEX and DEXs by leveraging innovative technologies to enable more efficient transactions. Since limitations are presented for both the modern CEX and DEX, many propose that for widespread asset adoption, a non-custodial platform that supports assets across many networks is needed. In theory, this experience would enable users to control their funds at all times without giving up the flexibility of a promising user experience. Polkadex has proposed this next exchange iteration as a decentralized peer-to-peer order book-based cryptocurrency …

Binance Labs, the venture capital and incubation arm of the Binance cryptocurrency exchange, continues its business as usual despite the ongoing bear market. The VC firm is preparing to launch the fifth round of the Most Valuable Builder (MVB) accelerator program, the incubation program designed to support new projects focused on decentralized finance (DeFi) and Web3. Organized in cooperation with BNB Chain, the program looks to provide dedicated support to developers building decentralized apps on the BNB Chain blockchain network by providing incubation and investment. The MVB program was originally launched in May 2021, with the mission to help BNB …

The hype around NFTs is reaching critical mass, with public figures, celebrities like Justin Bieber and Jimmy Fallon, and major businesses putting significant investments into the digital sphere. For many, the actions of these parties call into question what all the attraction is about. To understand the reasoning, users must first backtrack to 2014, when the first nonfungible token or NFT came to life. NFTs are blockchain-based tokens that authenticate digital assets, making them an ideal method for tracking music, art and film creators and owners to ensure appropriate parties are compensated for their efforts. Therefore, profit isn’t the only …

Venture capital firm True Global Ventures 4 Plus (TGV4 Plus) has announced the closure of a $146 million funding round earmarked for a wide range of Web3 projects — highlighting investors’ continued interest in crypto despite an ongoing bear market. The latest closure, dubbed the TGV4 Plus Follow On Fund, was led by a group of 15 general partners who committed over $4 million on average (over 40%, or $62 million) into the fund. The majority of the funding will be primarily injected into Web3 companies within TGV’s portfolio, while the remaining will be used to invest in late-stage Web3 …