Algorand-Backed Axelar Raises $3.75M in Seed Funding to Help Blockchains Communicate

Axelar, a decentralized protocol designed by the founding members of Algorand to allow cross-blockchain communication, has raised $3.75 million in seed funding. Announced Thursday, the round saw participation from investors including Binance X, the investment arm and accelerator of cryptocurrency exchange Binance, as well as San Fransisco-based venture capital firm DCVC (Data Collective). Other participants […]

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Cosmos Gains Traction in India Amid Broader Crypto Resurgence

As demand for bitcoin surges in India, especially in urban tech hubs, smart-contract platforms like Ethereum and others are also gaining momentum. Cosmos, promoted by the Switzerland-based Interchain Foundation, is especially finding traction with students like Aditya Nalini at the Vellore Institute of Technology in southern India. He’s one of four “ambassadors” trained by the […]

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Parity Upgrades Polkadot’s Underlying Tech to Make Customizable Blockchain Building Easier

Parity Technologies has released the second version of its blockchain building kit, Substrate 2.0, according to a blog post shared Wednesday with CoinDesk.  The new release gives developers additional tools to customize a blockchain “precisely for your application or business logic,” the post reads.  Parity Technologies is the developer of the Polkadot blockchain with ambitions […]

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How ChainLink and Cosmos Fit Into China’s Grand Blockchain Initiative

China’s ambitious national blockchain infrastructure project has enlisted two partners to help with two of the biggest challenges with this technology.  SmartContract, the company behind the Chainlink oracle network, will help the state-backed Blockchain-Based Service Network (BSN) with sourcing of reliable information about the real world. Meanwhile, Iris Foundation Ltd., an “inter-chain” services firm that […]

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Alibaba Claims Patented Cross-Chain System Is Better Than Cosmos

Alibaba says its “unified domain name scheme” would simplify and improve communication between blockchains. In a patent granted by the U.S. Patent Office last Tuesday, the e-commerce giant said its domain name system could enable cross-chain communications that are more simple and seamless than on existing interoperability solutions, specifically naming blockchain interoperability project Cosmos. Alibaba […]

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