31 Web3.0 startups selected for first cohort of PolygonLEAP 2021

The PolygonLEAP 2021 Accelerator, launched by Polygon and Lumos Labs late last year, announced its first cohort of 31 startups today. Aimed at driving innovation and supporting Indian startups’ in their Web3 journey, this accelerator will now move to support the 31 shortlisted solutions, selected from over 270 applicants globally, in building their innovative decentralised ideas while getting access to expert mentorship, ecosystem support, and marketing support in the Bootcamp phase, it said in a press statement. The Accelerator launched on December 8, 2021 is organized by Lumos Labs, a…

Spotify plans to integrate NFTs, other Web3 features

As per a latest job opening posted by Spotify, the platform is hiring a team to integrate various features of Web3 like NFTs on its platform. Spotify is a media and music streaming service founded in Sweden. As of December 2021, it had over 406 million monthly active users, including 180 million premium clients, making it one of the largest music streaming platforms. NFTs or non-fungible tokens are non-transferable units of data that is created and stored on a blockchain. NFTs are also sold and traded on the blockchain, which…

Australian Senator proposes landmark Digital Services Act

Australian Liberal Senator Andrew Bragg opened the Australia Blockchain Week conference with a bombshell legislative proposal that he hopes will lay the groundwork for a new Digital Asset ecosystem down under. The proposed Digital Services Act (DSA) legislative package calls for reforms in crypto market licensing, custody, decentralized autonomous organizations (DAOs), debanking, and taxes. Senator Bragg said in his address at the conference that he expects the legislation in the Act to “protect (crypto) consumers against malicious operators.” Senator Bragg outlined the four main pillars that the DSA is guided…

Bitcoin Corrects Lower, Why BTC Remains In Uptrend

Bitcoin struggled to clear the $42,500 resistance against the US Dollar. BTC is correcting gains and might find bids near the $40,000 support zone. Bitcoin started a downside correction from the $42,500 resistance zone. The price is trading below $41,500 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $41,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a fresh increase unless there is a clear move below the $40,000 support…

Singapore-Based Gaming Company Razer Struggles to Pivot; Bitcoin Declines After a Positive Week

The largest cryptocurrency by market capitalization was recently trading about $41,200, off about 1.3% over the past 24 hours. Bitcoin topped $42,000 late during U.S. trading hours Friday, a more than 7% increase from where it started the week as investors digested the long-expected Federal Reserve’s 25-basis-point increase on Wednesday and global unrest tied to Russia’s invasion. Ether, the second largest crypto by market cap, was changing hands a little under 2,900, a 1.8% drop over the same period, but well up from where it began the week. Most other…

Amid conflict, NFT projects already seek to rebuild Ukraine

The recent invasion of Ukraine has put the world in a state of uncertainty, turmoil and geopolitical risk. Volatility in the global financial markets has caused immense losses to millions of investors. With rising global inflation, fear of tapering liquidity, and increasing interest rates by the United States Federal Reserve, havoc is spreading across the global economy. Additionally, the delinking of SWIFT messaging services for leading Russian banks is causing concern among entrepreneurs in the nation while also impacting other economies with strong Russian trade ties. With Visa and Mastercard…

How to avoid development hell

Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group. We recently released the third and final version of the Koinos testnet, which is why I want to talk about something few projects like to talk about: Building blockchains is development hell. In this article, I’ll explain why and how other developers can avoid getting stuck in it. At first blush, building a blockchain doesn’t sound so hard. A…