On Wednesday, Psychedelic, a Web 3.0 development studio building solutions for the Internet Computer, launched Terabithia, a cross-chain contract communication and asset mirroring protocol. Beginning with the Internet Computer (ICP) and Ethereum (ETH), users will have the ability to mirror and use any ETH tokens, fungible and nonfungible, on the Internet Computer blockchain and vice versa, effectively turning ICP into a layer-two scaling solution for ETH. The protocol attempts to tackle the problem of Ethereum network congestion and high gas fees. The Internet Computer, meanwhile, uses a "reverse gas model" where developers supply the funds needed to run the applications …

Bitcoin (BTC) bulls took another beating on Dec. 17 as a midday onslaught dropped the price to $45,500. The price did manage a quick bounce back to $47,000 but sweeping a new daily low could be a sign that additional downside is in store. Amid the wider market downturn, several altcoins provided weary traders with a source of refuge as token buybacks and increased network activity helped bolster their prices and provide shelter from the storm. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Yearn.finance (YFI), Hxro (HXRO) and Arweave (AR). …

At a November 11 press conference, blockchain- based document security company Transcrypts announced a partnership with Doctors Without Borders, or DWB, that began on October 14th. Working together, they have already uploaded 6500 immunization records to the blockchain, with a goal of 76000 by 2022. Most of the recorded immunizations are COVID 19 vaccines, but the company stated that the eventually the goal is to store all patient medical records on the blockchain, where they will be accessible from a patient's phone. The nascent California based startup was founded last year by Zain Zaidi — then still an electrical engineering …

Bluzelle, a decentralized storage network, has announced the release of its mainnet R2 file storage system designed to enhance the decentralization of nonfungible tokens (NFT) and their corresponding data. The solution was created amid the rise in concerns around the lack of immutability on the InterPlanetary File System (IPFS) protocol, a relatively undiscussed model of storage that currently serves as the gold standard for the majority of NFT assets including Cryptopunks and Beeple. Twitter user Jonty Wareing shared a popular assessment on the fundamental flaws of IPFS for NFT projects. Short version: The NFT token you bought either points to …

Data archiving protocol, KYVE, has announced a Series B funding raise of $2.875M instigated by institutional capital firms Permanent Ventures and Hypersphere Ventures, and participated by a vast collection of crypto projects and individual angel investors including, but not limited to, Coinbase Ventures, Volt Capital, Justin Kan and Robin Chan. KYVE has expressed the ambition of becoming the leading project in the Web 3.0 sphere with an inherent focus on data collection and digital calculation. The newly-established project, currently operating in testnet phase, utilizes blockchain indefinite storage service Arweave to provide a vast number of Web 3.0 use-cases including cross-chain …

Filecoin has officially become the storage collaborator for the Flow Blockchain. Filecoin said in a Wednesday announcement that the move was a part of a push to ensure holders' and issuers' nonfungible tokens (NFTs) are "securely available everywhere." The announcement follows from a previous move in August in which Dapper Labs was working to integrate Filecoin’s storage services with the Flow Blockchain. The collaboration enables Flow users to mint NFTs, leverage InterPlanetary File System (IPFS) content addressing and store tokens in the decentralized storage hosted by Filecoin. According to Filecoin, IPFS content addressing is a solution to location addressing, which …

Optimism across the cryptocurrency ecosystem continues to grow on Aug. 16 as multiple altcoins put on double-digit gains and Bitcoin (BTC) bulls defend the $46,000 support level. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Solana (SOL), Presearch (PRE) and Arweave (AR). SOL hits a new all-time high In the past 24 hours, SOL price soared to hit a new high $69.13 as excitement for the protocol’s new Mango Markets decentralized exchange (DEX) helped to increase demand for SOL. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish …

Trading volumes on peer-to-peer nonfungible token (NFT) marketplace OpenSea have surged by over 12,000% in 2021. DappRadar data shows that the total incoming value to OpenSea’s smart contracts increased to $56.07 million on Wednesday compared to $73,556 on Jan. 1. Meanwhile, the marketplace’s user count increased from 315 to 14,520 in the same period — a 4,423% increase. A major portion of OpenSea’s trading volume spike happened after June. At the start of the month, the capital entering the marketplace’s smart contracts was just $3.6 million. But by Sunday, it had surged above $71.238 million. What’s more, on the previous …

Aleph.im, a blockchain-based storage and computing startup, has been selected to participate in the sixth season of Ubisoft’s Entrepreneurs Lab, offering further exposure to the emerging blockchain industry. The French video game developer has been running the Entrepreneurs Lab for the past six years, offering startups and entrepreneurs the ability to access company resources and expertise as they scale up and commercialize their products. This season’s focus is “blockchain and positive entertainment.” In addition to Aleph.im, 11 other startups from Canada, Europe and Australia have been selected to participate. “We are very proud to be welcoming all of these talented …

In an open letter today to Neo community members, the Neo Foundation reflected on the past four years of activity and teased their plans for the future: Neo3, the third iteration of their smart contract-enabled blockchain, which will sport file storage and D-ID (Digital or Decentralized Identity) features. Neo, the 22nd largest cryptocurrency by marketcap, has enjoyed a strong year, having successfully launched a cross-chain interoperability product in collaboration with Ontology and Switcheo. Additionally the self-styled “smart economy” platform’s foray into the summer DeFi craze was similarly successful -- the joint Binance and Neo effort Flamingo Finance peaked at over …

Blockchain-based decentralized data storage solution Filecoin unveiled its testnet recently, complete with a competition. In an act of network experimentation, Filecoin's test network will host a three week mining contest worldwide, with 4 million of the project's FIL tokens up for grabs as prize funding, according to a June 10 statement provided to Cointelegraph. Mainnet — the final frontier A product of tech firm Protocol Labs, Filecoin garnered $257 million during its 2017 Initial Coin Offering, or ICO. Filecoin has completed other trials prior to the testnet unveiling, the statement detailed. The project also transitioned into Proof-of-Replication, or PoRep, consensus, …