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Subspace Labs raises funding for a more scalable, sustainable blockchain

TechCrunch

As the crypto space has grown in popularity, some of the most popular blockchains have struggled to meet user demand. . New projects are aiming to tackle issues like notoriously high energy use, hefty gas fees and low transaction throughput that are plaguing some of the major blockchain networks.

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Sequoia backs blockchain scaling startup StarkWare at $2 billion valuation

TechCrunch

To speed and cheapen transactions on Ethereum, developers are looking toward so-called Layer-2 (L2) blockchains, which build on the Ethereum network, offloading the computational stresses while still writing transaction data to the main network. This latest raise values the Israeli startup at a whopping $2 billion. billion fund.

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Indian crypto entrepreneur’s blockchain venture seeks seed funding at $200 million valuation

TechCrunch

Shetty is raising $20 million to $30 million in a seed financing round for his blockchain startup Shardeum, sources said, requesting anonymity as the deliberations are ongoing and private. The L1 blockchain will also provide ways to help Ethereum developers transition to Shardeum and maintain stable gas fees, it said.

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Customer centricity: How Mashreq Bank is placing its customers at the forefront of its operations.

CIO

Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. Blockchain is really important for us, especially for safe transactions that cross borders.

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Cathay Pacific to take cloud journey to new heights

CIO

Cloud optimization is the new initiative in 2024,” says Rajeev Nair, general manager of IT infrastructure and security at Cathay, a major airliner and cargo carrier in the Asia-Pacific region, with headquarters in Hong Kong. It will replace the standard MPLS network, he adds. It will replace the standard MPLS network, he adds.

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The on-demand delivery trilemma

TechCrunch

More posts by this contributor How to win in the autonomous taxi space In the crypto world, there’s a popular maxim called the Blockchain Trilemma, which refers to the difficulty of simultaneously achieving three desirable properties in a blockchain network: security, scalability and decentralization.

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FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

TechCrunch

Much of the world’s attention around blockchain is on the highs and lows of cryptocurrency values. One of the startups working toward this vision is Zimbabwe’s FlexID, which is building a blockchain-based identity system for those excluded from the banking system due to their lack of identity documents.