Since 2020, crypto has seen dramatic prices, adoption, and attention swings. However, one term integral to the success of web3 has seemingly stagnated – ‘open-source funding.’ Google News articles related to open-source funding have remained flat, along with searches for the biggest player in the space, Gitcoin. For comparison, the term ‘web3’ has hovered around The post Op-ed: Let’s talk about Gitcoin – the silence around open source funding is deafening appeared first on CryptoSlate.

Alphapo, a cryptocurrency payment service provider, reportedly suffered a significant security breach within its hot wallet, resulting in a loss of over $60 million, with some reports suggesting total losses could amount to around $100 million, according to De.Fi, the web3 antivirus company. The original hack was discovered on July 23 by blockchain investigator, ZachXBT, The post Additional $37M discovered in web3 casino payment provider hack appeared first on CryptoSlate.

In a move demonstrating Japan’s commitment to Web3, Japanese Prime Minister Fumio Kishida stated the government is actively working to enhance and promote Web3, aligning with his administration’s larger vision of a “new capitalism. As per a report by CoinPost, during its WebX Asia conference on July 25, Prime Minister Kishida shared insights via a The post Web3 part of a ‘new capitalism’ says Japan PM Kishida appeared first on CryptoSlate.

As the Worldcoin mainnet goes live, Ethereum co-founder Vitalik Buterin shared his thoughts on Worldcoin and the broader topic of biometric proof of personhood in a detailed blog post. Worldcoin, backed by OpenAI’s CEO Sam Altman, is a proof of personhood initiative to distinguish genuine human identities from bots and other artificial identities. The distinguishing The post Vitalik says Worldcoin’s Iris Scanning ‘Sufficient’ in Privacy Preservation appeared first on CryptoSlate.

South Korean banks are favoring Certificate of Deposit (CD) tokens as potential alternatives to “volatile” stablecoins, as reported by the South Korean news organization Pulse on July 24. According to Pulse, industry sources revealed that Hana Bank plans to research CD tokens as part of the bank’s preparations for a potential Central Bank Digital Currency The post Tokenized Deposits as Alternative to Stablecoins Favored by South Korean Banks in Preparation for CBDCs appeared first on CryptoSlate.