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Deconstructing sidechains — The future of Web3 scalability

Web3 has had severe scalability concerns. But application sidechains have emerged as a viable answer to crypto’s most persistent problem.

Finance Redefined: UK government explores DeFi with a focus on staking and lending

Majority of the top-100 DeFi tokens broke out of three week long bearish phase and registered double digit gains over the past week.

Former head of TikTok gaming leaves Web2 to build core Web3 protocol

Jason Fung said he hopes to solve interoperability problems with metaverse development through his new company Meta0.

What is BNB auto-burn and how does it work?

Based on the price of BNB and the number of blocks generated on BSC during the quarter, the BNB auto-burn mechanism automatically modifies the amount of BNB to be burned.

Web3 activists fight for reproductive rights with NFTs, DAOs and protests

The Web3 community has launched a number of initiatives to raise funds and awareness for women’s reproductive rights following the overturn of Roe v. Wade.

Social media 'major Web3 pain point' as phishing attacks almost doubles: Report

A majority of the phishing attacks recorded have been conducted on social media platforms that do not have account verification features.

Nifty News: Total BAYC thefts crack $18.5 million, “Ape Now, Pay Later” loans come for NFTs and more

The total value of stolen BAYC NFTs has cracked $18.5 million, BNPL comes for NFT buyers and Australia makes big moves in the non-fungible space.

Aave to launch overcollateralized stablecoin called GHO

GHO would allow users to borrow the stablecoin while still learning yield on their locked assets on Aave, however the proposal is just seeking feedback at this stage.

Bombshell allegations of fraud as KeyFi takes Celsius to court

KeyFi Inc.’s complaint alleges that Celsius failed to honor a multi-million dollar profit sharing agreement after deploying numerous successful staking and DeFi strategies for the firm.

Reddit announces new blockchain-backed ‘Collectible Avatars’

The company said that the project is set to utilize the Polygon (MATIC) blockchain for decentralized trading and third-party sales.

VC firm Konvoy launches new $150M fund, eyes blockchain-based games

Gaming venture capital firm Konvoy launches new $150 million fund, with a portion set to be invested in cryptocurrency and blockchain-based games.

Bitcoin miners sell their hodlings, and ASIC prices keep dropping — What’s next for the industry?

Beset with multiple challenges, Bitcoin miners continue to liquidate their reserves, and a handful are selling more BTC per month than they make, but is there a silver lining?

How will NFTs bridge traditional gaming with blockchain? Enjin's CTO Witek Radomski explains

"There's also a hugely untapped mountain of gold in gameplay possibilities with NFTs," says Radomski.

Controversial mixer Tornado Cash open-sources UI code

The privacy-focused mixer has been at the center of several DeFi exploits over the past year as users attempted to obfuscate the trail of stolen funds.

What is SolScan and how to use it?

A well-liked substitute for the official Solana explorer is called Solscan. You may use it to look up particular wallet addresses and transactions using SolScan's search bar.

Playing it louder: Companies bring music licensing to the blockchain

From creating a music library for film and television to licensing blockchain-native content, projects are bringing music to the blockchain.

Opera Crypto Browser integrates Coin98 to bolster Web3 accessibility in Southeast Asia

Opera's Crypto Browser will allow users to access Coin98's collection of multichain NFTs, DEXs, cross-chain bridges, asset swaps and the ability to stake and lend their crypto.

Solflare to let users manage Solana CeFi and DeFi accounts in one app with FTX integration

Transfer between custodied and non-custodied accounts can now take place within the Solflare wallet

Policy think tank asks Philippine government to ban Binance over promotions

Binance responded to the letter saying that they take compliance seriously and are looking to secure licenses in the country.

Animoca, WeMade, Samsung Next back Web3 studio to develop open-source games

The company plans to use the funds to build a gaming ecosystem based on Libplanet blockchain technology.

British investment managers call for the blockchain-traded funds' approval

The Investment Association believes the new technology will bring significant cost savings for end investors.

Crema hacker returns $8M, keeps $1.6M in deal with protocol

The Crema Finance team awarded the hacker who made off with nearly $10 million in funds from the protocol 16.7% of the stolen funds as a white hat bounty.

WSJ editorial slams SEC's 'bewildering' Bitcoin ETF denials

The editorial board has drawn attention to a two-pronged approach employed by SEC's Gensler which makes it practically impossible to get a spot Bitcoin product approved.

Crypto owners banned from working on US Government crypto policies

A new legal advisory notice from the US Office of Government Ethics prohibits any employee who owns cryptocurrency from working on Federal crypto regulation.

NFTs to authenticate racing car parts: Nifty Newsletter, June 29–July 5

The most-followed TikTok creator Khaby Lame also partnered with Binance to create Web3 content and create nonfungible tokens with the exchange.

Price analysis 7/6: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO

Bitcoin and select altcoins are making an attempt at flipping key resistance levels, but negative news-flow and selling from BTC miners could continue to weigh on market sentiment.

Circle looks to reaffirm commitment to transparency as USDC market share soars

"With USDC, our business model is minimizing risk, not taking and managing risk,” wrote Jeremy Fox, Circle's CTO.

What does a bear-market ‘cleanse’ actually mean?

The latest bear market should send a clear signal to projects: It’s all about finding a problem that needs to be solved, and actually using your product to solve it.

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