Bitcoin-focused blockchain Elastos is partnering with the decentralized physical infrastructure networks (DePIN) network IoTeX on digital identity validation. However, the collaboration also aims to bring Bitcoin’s robustness and trust to the forefront of DePIN, marking a significant leap toward integrating digital and physical assets using Bitcoin. The partnership represents an effort to leverage Bitcoin’s Layer-2 The post Bringing Bitcoin to real world infrastructure through new Layer-2 DePIN partnership appeared first on CryptoSlate.

The decentralized Physical Infrastructure Network (DePIN) platform IoTeX, has secured a $50 million investment from a consortium of venture capital firms to accelerate the growth and adoption of its ecosystem. According to information shared with CryptoSlate, the investment round was led by SNZ Capital, Foresight Ventures, FutureMoneyGroup, Borderless Capital, and others, with the funds being The post IoTeX secures $50M investment expanding dePIN narrative for next cycle appeared first on CryptoSlate.

Avail, a modular blockchain focused on unifying Web3 and optimizing data availability for scalable applications, has partnered with dWallet Network to introduce programmable native Bitcoin to rollups in the Avail ecosystem. Polygon co-founder Anurag Arjun spun off Avail from Polygon in 2023 into a separate entity. Avail was initiated within Polygon Labs in late 2020 The post Polygon spin-off Avail partners with dWallet to bring programmable Bitcoin to Web3 rollups appeared first on CryptoSlate.

Ethereum co-founder Vitalik Buterin spent April Fools’ Day writing both serious and playful content across the Ethereum website and his personal blog. Across the two posts, he advocated protocol simplifications and efficiency improvements while exploring thought-provoking ideas about the future of political and economic systems in an increasingly digital world. In his more serious post, The post Vitalik Buterin’s ‘Degen Communism’ and his vision for reducing Ethereum technical debt appeared first on CryptoSlate.

Samuel Bankman-Fried, the former CEO of FTX, has been sentenced to serve his 24-year jail time in a medium-security prison, with a recommendation for a facility as close to the San Francisco – Bay Area as possible. This decision, made by Judge Lewis A. Kaplan during the sentencing on March 28, 2024, takes into account The post SBF to serve jail term in medium security prison near San Francisco, ordered to forfeit $11 Billion appeared first on CryptoSlate.