Uniswap to BNB Chain, Gemini sheds of staff, Indian Government Blockchain

Daily Crypto, Blockchain & Web3 Update 2023-01-24

Crypto

Uniswap Poll Shows 80% Support Decentralized Crypto Exchange's Move to BNB Chain (2 minute read)

80% of UNI token holders voted in favor of moving the Uniswap V3 protocol to the BNB Chain in a temperature check vote. The BNB Chain has a large and growing user base, high transaction speeds, and low fees, making it a suitable platform for Uniswap's services. It offers unique features that could enhance the DEX's functionality. A final proposal will be presented in the coming weeks.

Crypto exchange Gemini sheds 10% of its staff

Crypto exchange Gemini is shedding another 10% of its staff, according to an internal message viewed by The Information. “It was our hope to avoid further reductions after this summer, however, persistent negative macroeconomic conditions and unprecedented fraud perpetuated by bad actors in our industry have left us with no other choice but to revise our outlook and further reduce headcount,” Gemini President and co-founder Cameron Winklevoss wrote in the internal message.

Blockchain

Ethereum Shanghai Mainnet Shadow Fork Goes Live (2 minute read)

Ethereum core developers on Monday announced the successful deployment of the first mainnet shadow fork to test the ETH staking withdrawal mechanism. The Shanghai upgrade, expected to launch in March, will introduce staked ETH withdrawals to Ethereum. There is almost $26.5 billion worth of staked ETH. The Shanghai update was originally expected to include other updates, but these were postponed in favor of prioritizing withdrawals.

Terra lending protocol Mars to launch mainnet (2 minute read)

Mars Hub will launch an independent Cosmos application chain on January 31. It will issue MARS tokens to users who held the token during two snapshots of Terra Classic. 50 million MARS tokens will be delegated to genesis validators at launch and returned to the community pool a month later to help protect the network from rogue validators. The Mars Hub mainnet will go live with 16 genesis validators, with an additional 34 slots for permissionless validators available post-launch.

Indian Government Launches Blockchain Initiative With 5ire, Network Capital

The Indian Government has launched an educational blockchain module in more than 10,000 schools in India. 5ire said in July it raised $100 million in Series A funding from U.K.-based conglomerate Sram and Mram.

Web3

NFT Collection Doodles Acquires Emmy-Nominated Animation Studio

The deal for Golden Wolf brings the project's founder, Ingi Erlingsson, into Doodles' fold.