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Brushfam founder Markian Ivanichok claimed that the Polkadot ecosystem "doesn't care about users" and expressed frustration on the governance process. Polkadot community PolkaWorld has announced that it has halted its operations after the community 's proposal to get funding from Polkadot's treasury was rejected. The organization brought up several concerns about the project's treasury management and made several claims in a recent announcement.  In a post published on PolkaWorld’s official X (formerly Twitter) account, the organization claimed that the treasury management under Polkadot's new open governance platform called “OpenGov,” is affecting long-term contributors to the Polkadot ecosystem. According to PolkaWorld, many organizations are being rejected by the treasury and are leaving the Polkadot ecosystem. #116 PolkaWorld Ops & Maintenance proposal: 2023.9 - 2023.11 PolkaWorld, Founded in June 2019, @polkaworld_org has been around for ...

Funds will be used to support the decentralized World ID and the recently released crypto wallet World App. VC firms A16z Crypto, Bain Capital Crypto, and Distributed Global are investors in the round. Crypto project Worldcoin has reportedly raised $115 million in a Series C round led by Blockchain Capital. Funds will be used to support its decentralized World ID and recently released crypto wallet, World App.  Co-founded by OpenAI's CEO Sam Altman and built by developers of Tools for Humanity, Worldcoin aims to tackle problems stemming from the growing complexity of artificial intelligence, such as proof of personhood, in the digital age. Venture capital firms Andreessen Horowitz, Bain Capital Crypto, and Distributed Global are also investors in the round. “During the age of AI, we need decentralized , privacy-preserving solutions that can prove humanness online and empower people across the world to take control of their identity and finances. The additional resources will help...

The total crypto market cap slipped below $1.025 trillion as concerns over Silvergate Bank’s solvency triggered a sharp sell-off in BTC, ETH and altcoins. Cryptocurrency markets experienced a relatively calm month in February as the total market capitalization gained 4% in the period. However, the fear of regulatory pressure appears to be having an impact on volatility in March. Bulls will undoubtedly miss the technical pattern that has been guiding the total crypto market capitalization upwards for the past 48 days. Unfortunately, not all trends last forever, and the 6.3% price correction on March 2 was enough to break below the ascending channel support level. Total crypto market cap in USD, 12-hour. Source: TradingView As displayed above, the ascending channel initiated in mid-January saw its $1.025 trillion market cap floor ruptured after Silvergate bank, a major player in crypto on and off-ramping, saw its stock plunge by 57.7% at the New York Stock Exchange on March 2. Silvergat...

The company says it wants to make it easier for users to engage with Web3 and use digital wallets. The Easy Company, a startup focusing on building a consumer layer for the decentralized web, has raised $14.2 million in a seed round for its “social” crypto wallet, which seeks to help onboard more mainstream audiences into the Web3 ecosystem.  As reported by TechCrunch, the seed funding round was supported by a diverse group of investors, including venture capital firms Lobby Capital, Relay Ventures and 6th Man Ventures, as well as Tapestry, Upside and Scribble. Additionally, the round featured angel investors with backgrounds in traditional social media and Web3, including former executives from Instagram, Novi, Airbnb, Twitter, Uber, OpenTable and Eventbrite. 8/ Easy is backed by Lobby Capital, Relay Ventures, 6th Man Ventures, Tapestry VC, Upside Partnership, Scribble Ventures and other experienced social and web3 Investors. — The Easy Company (@TheEasyCoHQ) January 10, 2023...