Zoop raised $15 million in new investments and grants.
The post Zoop teams up with Ready Player Me, raises $15 million appeared first on The Block.
Software development company Decentralized Engineering Corporation has raised $9 million to decentralize ride sharing using the Solana network.
The post Former Uber employees back new startup raising $9 million to decentralize ridesharing appeared first on The Block.
Head Chef Jared Grey knows he faces an uphill battle to turn around SushiSwap’s fortunes but he’s working on a bold new plan.
The post SushiSwap’s new Head Chef describes himself as a ‘wartime CEO’ appeared first on The Block.
Quick Take
- In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
- Solana is unique among L1 chains for its execution-focused architecture that relies on a close integration between validator software and hardware
- A litany of performance and downtime issues in the past year has highlighted the challenges of optimizing the protocol through frequent mainnet upgrades
- The latest release (v1.13.4) introduces a major change with the activation of the QUIC protocol and discontinuation of UDP, setting the stage for future stress tests of its new transaction processing capabilities
Quick Take
- October 26, 2022 Meta (f.k.a Facebook) reported Q3’22 earnings
- Shares closed at $130.90 / share and traded down (20.3%) to $104.30 / share in after-hours trading on Meta’s underperformance
- Reported advertising Q3’22 quarterly revenue of $27.2bn, a (3.3%) and (3.7%) decline QoQ and YoY, respectively
- Reported Reality Labs Q3’22 quarterly revenue of $0.3bn, a (48.9%) and (36.9%) decline QoQ and YoY, respectively
- Reported Q3’22 quarterly operating income of $5.7bn, a (45.4%) and (31.9%) decline QoQ and YoY, respectively
- Reported Q3’22 quarterly net income of $4.4bn, a (52.2%) and (34.3%) decline QoQ and YoY, respectively
- Meta’s quarterly diluted EPS fell to $1.64 / diluted share outstanding from $2.46 in Q2’22 and $3.22 in Q3’21
Fantom has deployed an automated smart contract monitoring system called Watchdog to strengthen security on its blockchain.
The post Fantom to automatically detect smart contract bugs with Watchdog appeared first on The Block.
Blockchain software development company Fun has raised $3.9 million to build on the Odsy network.
The post Tinder co-founder’s Jam Fund backs Fun’s $3.9 million raise appeared first on The Block.
Hong Kong is planning to legalise retail trading of crypto assets, according to a report by Bloomberg News
The post Hong Kong plans to legalize retail crypto trading: Bloomberg appeared first on The Block.
DeFi liquidity locker Team Finance is the latest platform to suffer a malicious exploit with $15.8 million taken from the protocol.
The post Hacker uses $2,700 to drain $15.8 million from Team Finance appeared first on The Block.
The bitcoin miner will not make payments due in late October and early November with respect to several of its equipment and other financings.
The post Bitcoin miner Core Scientific to run out of cash ‘by the end of 2022 or sooner’ appeared first on The Block.
