Openfort Generates $3 Million for Creating Frictionless Wallet for Web3 Gaming

Openfort Generates $3 Million for Creating Frictionless Wallet for Web3 Gaming

Openfort, a crypto infrastructure company, announced on Monday to successfully generated $3 million in a seed funding round. The company plans to redirect the resources to create a “wallet-as-a-service” product designed for Web3 gaming. In its advanced announcement, Openfort revealed that Gumi…

Ethereum Co-Founder Vitalik Buterin Warns on Risk of Overloading Ethereum Consensus

Ethereum Co-Founder Vitalik Buterin Warns on Risk of Overloading Ethereum Consensus

On May 21, the co-founder of Ethereum, Vitalik Buterin, shared an official publication highlighting the benefits of maintaining Ethereum consensus at its minimalism. Buterin’s post mentioned the potential risk of overloading the Ethereum validators with unnecessary devices. In his blog post, Buterin…

Uniswap Launching on Polkadot Parachain Moonbeam to Boost Transaction Scalability

Uniswap Launching on Polkadot Parachain Moonbeam to Boost Transaction Scalability

On May 17, the Brookly-based decentralized crypto exchange Uniswap revealed plans to go live on the Polkadot multichain network Moonbeam. During an interactive session hosted by Blockchain at Michigan, the community voted for launching Uniswap on the Polkadot network. The completed Blockchain…

This Week in Crypto – BTC and ETH Survive CFTC’s Crackdown on Binance

This Week in Crypto – BTC and ETH Survive CFTC’s Crackdown on Binance

Many anticipated that the Commodity Futures Trading Commission’s (CFTC) move to sue the world’s largest exchange, Binance, and its boss Changpeng Zhao, would have caused the crypto market to tank. Instead, Bitcoin and Ethereum dropped briefly before recovering to trade at $28,120…