New Exodus Wallet browser extension includes ‘unlimited access’ to Solana

Exodus has announced a new multi-chain crypto browser extension. Users can now “easily explore and navigate the world of DeFi” through their Chrome and Brave browsers. Typically, browser extensions cater to a single ecosystem. However, in the case of MetaMask, minor changes in the settings allow the wallet to be used with multiple chains, such…

Kevin Lin’s Web3 firm Metatheory raises $24M in an a16z-led funding round

Metatheory, a web3 interactive media firm founded by Twitch co-founder Kevin Lin, has secured $24 million in a Series A funding round. A press release unveiled this news earlier today, noting that Andreessen Horowitz (a16z) led the funding round. The company did not disclose its valuation. According to the press release, the financing round attracted…

Why did Litecoin’s MWEB upgrade take so long to roll out?

Litecoin founder Charlie Lee tweeted an estimated go-live date of May 19, at 20:30 PT, for the long-awaited MWEB upgrade. He signed off by prompting pools and miners, who haven’t already upgraded, to do so in preparation. MWEB is currently estimated to activate on 5/19 8:30pm PT (5/20 3:30am UTC). We’re thinking of doing a…

Web2 giant Cloudflare to run Ethereum 2.0 validator nodes

Almost 20% of all internet traffic on the planet runs through Cloudflare’s infrastructure, and they are now going to be running an Ethereum Consensus Layer node by staking ETH. For those who are unaware of Cloudflare, it “is a global network designed to make everything you connect to the Internet secure, private, fast, and reliable.”…

Another algorithmic stablecoin, DEI, loses peg

Another algorithmic stablecoin from Deus Finance, DEI, fell to as low as 54 cents on Monday, continuing what has been a tumultuous week for stablecoins. The stableocoin first lost its peg against the dollar on Sunday but fell further in the last 24 hours. Though it is gradually recovering, it’s still trading below a dollar….

Terra ecosystem to vote on a fork to create Luna Classic and Luna Core

Luna Foundation Guard CEO, Do Kwon, has released a new proposal entitled “Terra Ecosystem Revival Plan 2.” In it, he has outlined an updated version of his original plan, which described forking the current Terra blockchain from a snapshot taken before the ‘attack.’ Retain the ecosystem Do Kwon also took to Twitter to explain the…

Could hardware be the solution for Web3 adoption?

There’s no denying that the Web3 industry is slowly becoming mainstream. Cryptocurrencies, blockchain, NFTs, DeFi, and the metaverse have become household terms, and millions of people are expected to enter the crypto market in the coming year. To read the rest of this article, sign in or join CryptoSlate Edge. Get an Edge on the…

Hoskinson says Cardano has decentralized treasury valued at $723M in ADA, pokes fun at Terra

Cardano founder Charles Hoskinson said that ADA’s $723 million treasury is decentralized. Hoskinson, who is also an Ethereum co-founder, said this in response to a tweet made by dcSpark founder Sebastian Guillemot about the Cardano treasury. And that’s only going to grow. Cardano has its own growth fund and its decentralized! https://t.co/uzTUaciMPE — Charles Hoskinson…

CTO of tech used in Bitcoin-Qt wallet thinks crypto is a “Ponzi scheme”

The CTO of the popular programming framework Qt — which tech giants like Adobe use, Tesla, Blackberry, Google, and Blizzard — called cryptocurrency a “Ponzi scheme” on May 6. However, the company has blockchain technology mentioned several times on their website and even claims; Satoshi Nakamoto—used Qt to create the first Bitcoin wallet, called the…

Cardano plans 2 developer events before next hardfork

Cardano (ADA) will hold two developer events in Barcelona and Austin within the next couple of weeks before it commences its hard fork in June. The Vice President of IOHK, Tim Harrison, announced this on Twitter.  We’re hosting two #Cardano developer events between end of May and mid June, in Barcelona (focus on audit and…