South Korean Smart Contract Auditing Platform Sooho.io Raises $4.5M

Simultaneously, Sooho.io announced a partnership with Lambda256, a subsidiary of South Korea’s top cryptocurrency exchange by volume, Upbit. Lambda256 – which offers blockchain-as-a-service products – will use Sooho.io’s Kleva and smart contract expertise to launch a decentralized finance (DeFi) ecosystem, according to the press release. Source link

How smart contracts are shifting the crypto sector’s balance of power

One of the familiar themes seen in previous crypto market cycles is the shifting market caps, popularity and ranking of the top 10 projects that see significant gains during bull phases, only to fade into obscurity during the bear markets. For many of these projects, they follow a recognizable boom-to-bust cycle and never return to […]

Telos to Support Ethereum-Compatible Smart Contracts on Its Network

Telos, currently ranked the second-most active blockchain worldwide, is set to enable developers to create and run Ethereum-compatible smart contracts without transaction fees. Telos is a smart contract platform that supports the creation of decentralized applications and decentralized autonomous organizations running on EOSIO, the software underlying the EOS blockchain.  As of June 18, the network […]

Smart Contracts Is Too Limiting a Name, Says Blockstack CEO

The potential benefits and applications of smart contracts go well beyond what their name suggests, the co-founder and CEO of blockchain software firm Blockstack has argued. In an interview with Cointelegraph on June 12, Dr. Muneeb Ali, who holds a Ph.D in computer science from Princeton University, said: “Just like cloud computing had implications for […]

Blockchain Bites: CBDCs on Capitol Hill, Custody Battles and Smart Drugs

Top shelf CBDCsThe House Financial Services Committee (FSC) Task Force on Financial Technology will convene Thursday to discuss digital currencies and other novel technologies. This includes a discussion on how FedAccounts and other digital tools might help the federal government distribute stimulus payments to help Americans suffering the economic fallout of COVID-19. The virtual hearing […]

With Arweave’s ‘Lazy’ Approach to Smart Contracts, Its Version of Web3 Does More

Arweave, a blockchain network meant for the permanent storage of data, has released a completely new approach to smart contracts. In short, smart contracts on Arweave, much like must of the code on websites today, will be run by users’ computers rather than the blockchain itself. Released Thursday, SmartWeave is an approach to smart contracts […]

Blockchain and Smart Contracts Have a ‘Dark Side’, Says Researcher

Blockchain technology crystallizes the rise of “algorithmic power” that today presents a major challenge to traditional forms of sovereignty, legal authority and state-led governance.  So goes the argument in a new post for the Oxford University Faculty of Law blog on June 1 by Kevin Warbach, a professor of legal studies and business ethics at […]

Binance Announced Its New Binance Smart Chain Testnet Rialto Goes Live

Binance Smart Chain will run parallel to the company’s existing Binance Chain. But in comparison with BC, it brings numerous features to the Binance ecosystem, the main of which is the support of smart contracts. Digital exchange Binance has launched Rialto — a testnet of its new Binance Smart Chain (BSC). Binance Smart Chain will […]

Binance and Eosfinex Join EOS DeFi Protocol to Handle Smart Contract Upgrades

Equilibrium, an EOS-based decentralized finance, or DeFi, project similar to MakerDAO (MKR), is adding four block producers to its governance system, most notably Binance. Other members include Eosfinex, an EOS decentralized exchange affiliated with Bitfinex, as well as stand alone block producers EOS Nation and EOS Cannon. The group of four will act as “governance […]

Smart Money is Flooding into Crypto at Remarkable Rate

The widespread money printing that has come about as a result of the Coronavirus pandemic will eventually lead to massive inflation rates for fiat currencies Although the crypto market’s participants have long seen digital currencies as a way to escape the impacts of this, it now appears that “smart money” is taking notice as well […]