EOS Network Ventures Commits $20M to Build Dapps and Games on EOS Blockchain

Proof-of-work (PoW), the consensus mechanism that secures bitcoin and numerous other cryptocurrency blockchains, has given the technology a reputation for hogging energy. Indeed, a commonly advanced argument is that an army of specialized computers all racing to solve some arbitrary math problem can wind up using as much electricity as a small country. However, scientists from…

Nexo co-founder Antoni Trenchev speaks at Consensus 2019. (Credit: CoinDesk archives)Crypto Lender Nexo Enters Prime Broker Race, Enlists Chainlink for AuditsCrypto lender Nexo is preparing to enter the prime brokerage space with Chainlink-powered audits that bring more transparency to its operations. The Swiss lender announced an integration with the oracle provider on Wednesday. Chainlink will…

Concern for user safety on ethereum is growing, in part, due to the warning cries of gambling dapp developers themselves who warn danger is afoot.

This month marks one year since the Terra-Luna fallout and six months since the implosion of FTX. These spectacular events, which marked the beginning and culmination of several other collapses respectively, severely shook confidence in cryptocurrencies and arguably triggered the industry’s most daunting existential crisis in its 15-year history. While the asset class has recovered…

news Amazon is seeking to integrate parts of its advertising business with a blockchain. The Seattle-based e-commerce giant is looking for a senior software engineer to join its “Advertising FinTech team focused on a Blockchain ledger,” according to a recent job posting. This new team, based in Boulder, Colorado, will be focused on billing and reconciliation systems…

In a rare display of candor – or as part of a calculated exercise in reputation management – Sam Bankman-Fried delved deep into his mental health struggles in a trove of unposted tweets obtained by CoinDesk’s Christine Lee and published for the first time on Friday. “I don’t really know what ‘happiness’ means,” he said

Former hedge fund manager and host of CNBC’s Mad Money, Jim Cramer Tuesday evening continued with his recent bearish stance on crypto, a stark contrast to what another hedge funder said earlier that day on CNBC.“I can’t go out with gold because gold is not good; I can’t go out with bitcoin (BTC) because I

news Bitcoin has once again fallen beneath $8,000 amid a sharp sell-off that saw prices drop to as low as $7,778 according to Coindesk data. At 23:00 UTC late Monday evening, the world’s largest cryptocurrency by market cap began to fall sharply, enduring over a $700 loss in value on the back of strong volume.…

This episode is sponsored by NYDIG.On this week’s “Long Reads Sunday,” NLW reads SEC Commissioner Hester Peirce’s recent speech: “Lawless in Austin.”“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown”…