#blockchain

American company Morgan Creek Digital plans to raise $500 million for its new Web3 Venture Capital Fund, which will focus on artificial intelligence, blockchain technologies, chip manufacturing, and data processing. This initiative is part of the firm’s strategy to expand its presence in Europe, Africa, and other regions, building on its already managed assets of over $440 million.

Worldcoin has introduced its L2 blockchain, World Chain, for a limited number of developers to test and give feedback before the mainnet launch by the end of summer 2024. Developers can also pre-deploy their applications.

Lucky Uwakwe, Chairman of Nigeria’s Blockchain Industry Coordinating Committee (BICCoN), has called for the use of blockchain and artificial intelligence to preserve the languages of African tribes. He warned that community migrations due to security issues could lead to the extinction of many languages and dialects.

Alibaba's arm, Ant Digital Technologies, has increased the registered capital for two of its blockchain subsidiaries, Ant Chain Digital Technology and Ant Blockchain Technology. The capital infusion exceeded previous amounts by over fifteen times, with the former receiving approximately $289 million and the latter about $200 million.

Blockchain security company Match Systems has identified several developers behind the phishing app Angel Drainer, which promptly ceased operations. Preliminary assessments indicate that at least 35,000 users lost around $25 million due to Angel Drainer's activities.

The Celo Foundation, the entity behind the L1 blockchain Celo, has successfully launched the Dango L2 testnet. Developed on the OP stack, Dango is now part of the Optimism Superchain ecosystem, which includes other projects like Base and Zora. The deployment of this L2 blockchain is a key component of the community's plan for migration to Ethereum.

The "Hack3D: The Web3 Security Report," published by CertiK, a security company, reveals that blockchain projects experienced 184 security incidents in the second quarter of 2024, resulting in losses totaling $688 million. This marks a 37% increase from the previous quarter.

The team behind Chromia, a relational blockchain for decentralized applications, has announced the mainnet launch set for July 16, 2024. Chromia employs its unique programming language, Rell, which highly resembles traditional SQL.

Ukrainian cryptocurrency exchange WhiteBIT and the National University "Kyiv-Mohyla Academy" (NaUKMA) have successfully wrapped up their first "Blockchain Technologies" educational program at the academy's Faculty of Computer Science.

Adam Cochran, a crypto commentator, has suggested that Martin Shkreli may have violated his parole terms by being involved with the DJT token on the Solana blockchain.