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Incentives prove successful for rapidly scaling the testnet of this full stack privacy system

The post Nym testnet grows larger than Tor, next step is to decentralise a critical centralised chokepoint of Tor using Tendermint appeared first on The Block.

The round saw participation from an interesting list of backers, including Ripple, Animoca Brands, Metapurse, and others.

The post Mark Cuban-backed NFT platform Mintable raises $13 million in Series A appeared first on The Block.

The SoftBank Latin America Fund has invested $200 million in the parent company of Mercado Bitcoin, one of the largest cryptocurrency exchanges in the region.

The post SoftBank invests $200 million in Brazilian crypto exchange Mercado Bitcoin appeared first on The Block.

Quick Take

• EIP-3074 is an improvement proposal designed to improve the UX of Ethereum applications. It is a candidate for the Shanghai hard fork (slated for October 2021).
• User experience is improved in EIP-3074 by enabling smart contracts to perform actions on behalf of users — such as paying gas fees for them.
• As a result, users don’t have to hold ETH in their wallets to interact with Ethereum applications. Another benefit is decreasing transaction costs by batching.

Quick Take

• Swarm Markets has followed a long and winding road to launching a decentralized exchange under the supervision of BaFin, the German regulator.
• The platform is now finally going live with $15 million in pledged liquidity.

Katy Perry announced Wednesday that she’s dropping an NFT collection in Q4 and that she bought a minority stake in a blockchain tech company.

The post Katy Perry to drop NFT collection later this year appeared first on The Block.

Hong Kong-listed Loto Interactive could see 97% of its revenues eliminated by Sichuan’s recent shutdown orders on bitcoin mining operations.

The post Sichuan’s bitcoin miner shutdown could dash Hong Kong-listed firm’s revenues by 97% appeared first on The Block.

The NFT went on sale at the luxury auction house on June 23, with bids starting at $1,000. All proceeds of the sale will go to charity.

The post NFT of the original World Wide Web code fetches $5.4 million at Sotheby’s auction appeared first on The Block.

FINRA ordered Robinhood to pay $57 million in fines and $12.6 million in restitution with interest over a variety of “supervisory failures.”

The post Robinhood hit with $70 million in penalties, the highest in FINRA history appeared first on The Block.

Quick Take

• Kazakhstan’s vicinity to China, its energy surplus, and its openness to the mining industry have made it a top destination for miners moving out of China.
• But the journey to the old Silk Road may not be any easier than migrating across the Pacific.