Bear Market
Bitcoin, DeFi space see light, NFT market declines in Q3
In July, the cryptocurrency market cap reached a low of $903 billion, but it recovered significantly in Q3 and reached $1.2 trillion in August.
Soumen Datta 2 min read
Web3 News
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Web3
Israel moves to avail government bonds via blockchain
Israel will look to reduce costs and shorten the duration of issuance and clearing of government bonds using blockchain technology.
Technology
FTX-backed Aptos blockchain under fire for low scalability on launch day
Aptos promised to deliver an unparalleled speed of up to 160,000 transactions per second (TPS), but it processed only four on launch day.
Latest Web3 News & Analysis
Hacks
Web3 ecosystem lost over $428M to hacks, scams in Q3 – Immunefi
The Nomad Bridge and Wintermute hacks account for 79.85% — $350 million — of all recorded losses.
Adoption
Japan to invest in metaverse, NFTs to drive implementation of Web3 services
Japan's Prime Minister Fumio Kishida has made Web3 development one of the pillars of economic revitalization since assuming office in 2021.
Hacks
Wintermute hack replicated on simple laptop in under 48 hours by exploiting Profanity flaw
A standard M1 Macbook with 32GB of RAM was able to crack the Wintermute private key in less than 48 hours
NFTs
Facebook, Instagram open NFT feature to all US-based users
NFT creators and collectors in the US can share their collectibles across Facebook and Instagram, while users in other supported countries can only access the feature via Instagram.
Bear Market
ATOM price struggles but Cosmoverse showcases the strength of Cosmos ecosystem
Cosmoverse attracts the attention of LATAM as it emerges as the next potential hub for crypto innovation
Gaming
Klaytn launches gas fee rebate program for Web3 Gamers
Klaytn will offer up to $100,000 worth of KLAY tokens to cover gas fees for gamers and contract fees for developers monthly. The grant will be financed from the Klaytn Growth Fund.
