Cointime

Download App
iOS & Android

friend.tech: The Team Is Focusing on Scaling the Infrastructure, Fixing Bugs and Setting Basic Site Policies

According to Decrypt, Racer, co-founder of decentralized social platform friend.tech, said in an interview on August 22nd: "We initially released the application for load testing, but we didn't expect the dApp to become popular and spread quickly. The team is currently urgently repairing some shortcomings. We want to take a breath and feel excited about what we can do next."

Racer also said that the team is currently focused on expanding the infrastructure of friend.tech, fixing errors, and setting basic policies for the website; as for how to maintain the growth of friend.tech or protect it from increasingly severe legal issues, it will have to wait until the website stabilizes.

In addition, friend.tech stated on X platform (formerly Twitter) that Shares has been renamed Keys. In fact, Shares was just a placeholder during the development process, and friend.tech believes that Keys better describes its use for unlocking in-app features such as chatting with friends.

Comments

All Comments

Recommended for you

  • Optimism 2024 Q1 Report: The implementation of EIP-4844 reduces L1 submission costs by 99%

    Optimism has released its Q1 2024 report, which shows that the number of daily active addresses has reached 89,000 (a 23% increase compared to the previous period), and the daily transaction volume has increased to 470,000 (a 39% increase compared to the previous period). These indicators are slightly lower than the historical high point in Q3 2023.
  • LocalMonero to Shut Down in Six Months Amid Regulatory Pressure and Internal Factors

    LocalMonero, a peer-to-peer exchange for trading privacy coin Monero (XMR), has disabled all trades and will be taken down in six months, according to parent company AgoraDesk. The company cited a combination of internal and external factors for the decision, but did not provide specifics. The move follows a trend of P2P crypto trading platforms shutting down due to regulatory challenges, including LocalBitcoins and Paxful. LocalMonero's closure also comes amid pressure from regulatory authorities on privacy coins, with exchanges including Binance and Coinbase delisting tokens like Monero and Zcash.
  • Morgan Stanley disclosed that it invested nearly $270 million in Grayscale GBTC, becoming one of the largest holders

    On May 16th, Morgan Stanley disclosed in its Q1 13F filing with the SEC that it had invested $269.9 million in the Grayscale Bitcoin Trust (GBTC) to gain exposure to physical bitcoin ETFs. According to Fintel's data, this investment made it one of the largest holders of GBTC, after Susquehanna International Group (which invested $1 billion). Morgan Stanley is also one of many global systemically important banks (G-SIBs) that have disclosed investments in physical bitcoin ETFs, including Royal Bank of Canada, JPMorgan Chase, Wells Fargo, BNP Paribas, and UBS Group.
  • Coinbase Plans to Target Australia's Self-Managed Pensions Sector with New Service

    Coinbase is developing a service that will target Australia's self-managed pensions sector, according to the exchange's Asia-Pacific Managing Director John O'Loghlen. The move comes as self-managed funds in Australia have increasingly held crypto, with nearly A$1 billion ($664 million) allocated to crypto as of the latest data from the Australian Taxation Office. O'Loghlen stated that Coinbase's offering will aim to service these clients on a one-off basis and retain their business. The interest in crypto within the self-managed pensions sector may be driven by the recent momentum gained after spot-ETF approvals in the U.S. and the possibility of similar approvals in Australia this year.
  • Huobi HK’s application for a Hong Kong virtual asset trading platform license was withdrawn on May 14

    On May 15th, according to updated data on the official website of the Hong Kong Securities and Futures Commission, Huobi HK's application for a virtual asset trading platform license submitted to the Hong Kong Securities and Futures Commission was withdrawn on May 14th.
  • Wisconsin Pension System Holds $164 Million in Spot Bitcoin ETF Assets

    A government entity responsible for managing trust funds in Wisconsin, USA, disclosed in a filing with the Securities and Exchange Commission (SEC) that it holds over 2.4 million shares of BlackRock's iShares iBoxx $ Investment Grade Corporate Bond ETF (IBIT) and over 1 million shares of Grayscale's Bitcoin Investment Trust (GBTC), valued at approximately $100 million and $64 million, respectively. The filing suggests that the Wisconsin Retirement System may be investing in cryptocurrencies through these asset management companies.
  • LayerZero CEO: Up to 100,000 addresses have been recognized as witches

    LayerZero CEO Bryan Pellegrino stated on social media that up to 100,000 addresses have been identified as witches. Previously reported on May 4th, LayerZero officials stated that all witch users were given a chance to self-report within the next 14 days and those who did would receive an expected distribution of 15%.
  • Ethereum Foundation Announces Open Application for the Fifth Ethereum Protocol Fellowship Program

    On May 14th, the Ethereum Foundation announced that the fifth round of the Ethereum Protocol Fellowship (EPF) program is officially open for applications, with a deadline of May 26th.
  • Tether: Deutsche Bank’s analysis lacks clarity and substantive evidence

    According to a report on stablecoins released on May 7, Deutsche Bank analyzed 334 currencies linked to stablecoins and found that 49% of stablecoins had failed during their median lifespan of about eight to ten years. The analysts concluded that most anchored assets in the cryptocurrency field will experience significant "turbulence" caused by speculative sentiment and ultimately suffer some form of decoupling event. Deutsche Bank analysts also pointed out that Tether's reserve transparency was lacking and described the company's solvency as "doubtful".
  • A user lost over $350,000 worth of ARB by accessing Pink Drainer to deploy a malicious dApp

    Blockaid monitoring shows that about 14 minutes ago, a user lost 356,501 US dollars worth of ARB due to network phishing fraud. It is reported that the victim signed an off-chain license by accessing the malicious dApp deployed by Pink Drainer.