The term DeFi in a broader sense refers to Decentralized Finance. Basically, it refers to the wide ecosystem of digital financial tools empowered by Blockchain technology. The term DeFi also refers to a host of peer-to-peer financial services that involve crypto trading, interest accounts, loans, and so much more. DeFi is very much incumbent on …
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The blockchain ecosystem is undoubtedly dominated by the crypto whales like Bitcoin and Ethereum. However, in such a scenario, Polkadot is emerging as a next generation blockchain network with a host of features and services. The capability of Bitcoin in transferring value without the presence of central authority was limited in terms of scalability as …
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We are bringing you the top stories making headlines in the blockchain and crypto space on 12/11/21 so you can stay informed and ahead of the curve. Bitcoin reaches $69K as inflation rises in the United States Early morning on Wednesday, the largest cryptocurrency in the world, Bitcoin jumped to the $69K mark. This record high was …
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A low-cap non-fungible token (NFT) platform has surged by more than 120% percent in the past seven days amid booming trading volume. Radio Caca (RACA) bills itself as the “exclusive manager of Maye Musk Mystery Box (MPB) NFT and DeFi+GameFi vehicle for The Universal Metaverse.” RACA, the 104th-ranked crypto asset by market cap, is trading …
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As Coinbase cryptocurrency exchange is preparing to roll out its own nonfungible token (NFT) platform soon, CEO Brian Armstrong has assessed the importance of the company’s upcoming NFT offering. On Tuesday, Coinbase released its Q3 financial results, reporting $1.2 billion in revenues, which mostly comes from the platform’s transaction fees on trading cryptocurrencies like Bitcoin …
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Tether (USDT) has gone from being a renegade cryptocurrency to becoming the industry’s primary crutch during the last seven years, according to a new report. Essentially, USDT is a bridge between traditional currencies like the United States dollar and decentralized digital currencies operating on open blockchain networks. Independent crypto outlet Protos provided an in-depth insight into the …
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Bitcoin (BTC) dipped below $64,000 on Nov. 12 as its comedown from new all-time highs continued to unnerve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC: Consolidation becomes down move Data from Cointelegraph Markets Pro and TradingView captured fluid market conditions on Friday, with BTC/USD acting in a $2,000 range. The pair had spent the previous …
Cryptocurrencies appear to be far from ready for business-to-business (B2B) commerce so far due to factors like lack of convenience, a new survey suggests. According to a joint survey by payment-related startups Invoiced and PaymentsNEXT, 59% of B2B respondents are not open to the idea of accepting cryptocurrency as a means of payment. Released on …
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Polygon, an Ethereum scaling platform onboarding millions to the Web3, today announces it has contributed $500,000 to incentivize further volume building on SportX, part of the SX Network and the largest prediction market dapp by betting volume across all chains. Polygon is a fast-growing blockchain with high speed and low gas infrastructure. DeFi bluechip Dapps …
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Ethereum is set to undergo a scheduled upgrade at block number 13,773,000, which should take place around December 8th. The Arrow Glacier network upgrade will delay the difficulty bomb until June 2022, which is when developers believe Ethereum will be running on Proof-of-Stake (PoS). Arrow Glacier will give miners time to breathe as Ethereum transitions …
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Most game developers in U.S. and U.K. are now using blockchain elements in their games, according to a study released this week. The study, commissioned by a company named Stratis, reveals that the popularity of blockchain, NFTs, and the new play-to-earn model in the crypto market is making game developers change the traditional ways in …
While Nigerians have seemingly embraced the Central Bank of Nigeria (CBN)’s digital currency, skeptical analysts believe a lack of trust in the government will ultimately limit the e-naira’s prospects for success. Threat From Fintech Startups In addition, some analysts insist the digital currency’s already tenuous position is made worse by the fact that it has …
sponsored OVR has decided to upgrade its token economics to make its own tokens more rare and valuable. Last May, the OVR team burned about 1 million OVR tokens to celebrate the first six months of the project. Now it is announcing an exciting decision to make token burn an integral part of its token …
The cryptocurrency market is teetering again after a day of uncertainty. Its total cap has dropped by 2% compared to yesterday, falling to around $2.79 trillion. Most major cryptocurrencies have fallen along with the market, with only a handful of altcoins making significant gains. However, drops usually set the market up for sizeable rebounds. Accordingly, …
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Coinbase Pro is announcing plans to launch a stablecoin pegged to the Japanese yen, reportedly the first of its kind. GYEN (GYEN) bills itself as the “first regulated digital [Japanese yen].” The project says it is 100% fiat-backed. Coinbase first issued a press release earlier this week announcing Coinbase Pro’s plans to launch GYEN order …
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