sponsored ADALend is a scalable and decentralized lending protocol governed by a decentralized autonomous organization (DAO). ADALend will offer various features that will provide its users with decentralized financial instruments accessible to everyone with access to the internet, without the complicated KYC requirements of the mainstream banking system. The protocol will improve digital assets’ capital …
Yearly archives: 2021
$1.75 Trillion for Climate Change, Social Services — Biden’s ‘Build Back Better’ Plan Advances While Inflation Grips US
This week, U.S. lawmakers are preparing to debate the advance of Joe Biden’s Build Back Better proposal, which is now estimated at $1.75 trillion. The new proposal follows the expansive monetary policy the Federal Reserve engaged in during the last two years expanding the money supply like never before. Meanwhile, U.S. inflation is at a …
Will Bitcoin Remain the Top Cryptocurrency? Analytics Firm Chainalysis Looks at Future of BTC, Ethereum and Altcoin Markets
The digital asset insights firm Chainalysis is analyzing how Bitcoin will retain its dominance in an increasingly crowded marketplace filled with crypto contenders. In a new blog post, the firm’s chief economist Phillip Gradwell says BTC doesn’t need to adopt smart contracts and compete with Ethereum (ETH) and Layer-1 crypto assets. Instead, he says …
Crypto Giant Digital Currency Group Reaches $10 Billion Valuation in Latest Capital Raise
Cryptocurrency conglomerate Digital Currency Group has raised $700 million in funding, including investments from Japanese multinational holding company SoftBank and the venture capital arm of Google’s parent company Alphabet, CapitalG. The fundraising deal helped push valuation of the crypto conglomerate to more than $10 billion, according to CNBC. Digital Currency Group’s CEO Barry Silbert …
Kraken Plans To Offer Stock Trading and Other Traditional Financial Services, According to Crypto Exchange’s CEO
The CEO of Kraken is saying that the cryptocurrency exchange will expand the range of products and services it offers. In a CNBC interview, Jesse Powell says that Kraken is branching out into products and services generally associated with legacy financial institutions. “We’re getting more into traditional financial services such as stock trading, banking …
Polkadot Entering Price Discovery, According to Crypto Analyst Benjamin Cowen – Here’s His Timeline
Popular crypto analyst Benjamin Cowen says Polkadot (DOT) is entering price discovery on the heels of the highly anticipated parachain auctions. In a new strategy session, Cowen says DOT is likely breaking out a huge range that it’s been stuck in for most of 2021. “The price appreciation right now is in anticipation of …
Monster-battle NFT game Axie Infinity soars in popularity among developing nations
It’s no secret that video-game streaming platforms, such as Twitch, have made it possible for players to earn money by broadcasting their gaming experience to an audience of gaming enthusiasts. But now, the tokenomics of blockchain-powered digital games like Axie Infinity have made it possible for users to make money by simply playing the game. …
Crypto at the polls: Eric Adams wins NYC mayoral race
Democrat Eric Adams, who said he planned to make New York City “the center of Bitcoins” if elected mayor, has won his race against Republican Curtis Sliwa. Following the Nov. 2 Election Day results, Adams will be replacing Bill de Blasio as the mayor of New York City, defeating Sliwa and other candidates with 72.8% …
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Data shows Polkadot crashes after reaching $1B open interest — Will it happen again?
Whenever there is relevant growth in the number of derivatives contracts currently in play (open interest), it usually means that more traders are involved. In futures markets, longs and shorts are balanced at all times, but having a larger number of active contracts allows the participation of institutional investors who require a minimum market size. …
EOS community ramps up battle for organization control against former developer Block.one
Members of the EOS ecosystem, a blockchain designed to power decentralized applications, or DApps, are voicing their dissatisfaction with former developer Block.one. As a result, they have formed their own organization and elected new leadership in an effort to revamp the network. As accessed by Cointelegraph, Yves La Rose, the “community-elected CEO” of the novel …
Strong Momentum Powering Polkadot, According to Crypto Analyst Michaël van de Poppe – Here Are His Target Zones
Popular crypto analyst and trader Michaël van de Poppe says there’s a lot of hype and momentum surrounding Polkadot (DOT) as the interoperability blockchain approaches the launch of its parachain auctions. In a new strategy session, Van de Poppe tells his 140,000 YouTube subscribers that the seventh-largest crypto asset by market cap is “accelerating quite …
US Senator submits resolution too allow crypto payments in US Capitol Complex
U.S. Senator Ted Cruz of Texas submitted a resolution on the Senate floor Monday that would require the acceptance of cryptocurrency payments at all gift shops, restaurants and vending machines located within the Capitol Complex. The resolution, titled Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions, or ACCEPT, also prohibits the Architect of …
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Hong Kong regulator re-evaluates retail crypto ETFs laws
The Securities and Futures Commission, or SFC, in Hong Kong is reviewing regulations surrounding virtual currency transactions, including whether individuals can invest in exchange-traded funds, or ETFs. According to a report by South China Morning News on Wednesday, the 2018 regulations limited transactions of cryptocurrencies via funds or trading platforms to professional investors with at least HK$8 …
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Parabolic gains for OriginTrail, Maker and XYO Network rouse ‘altseason’ hopes
Calls for the arrival of an altseason are growing louder on Nov. 3 after the price action for altcoins is on the rise and Bitcoin (BTC) price lingers at the $62,000 support level. At the moment, gaming tokens, supply chain-related projects and decentralized finance (DeFi) protocols are scorching hot and as shown below, many altcoins …
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wXRP to launch on the Ethereum blockchain in December
If all goes according to plan, Wrapped XRP (wXRP) will be coming to the Ethereum (ETH) blockchain next month, courtesy of Wrapped.com. The move is meant to enable Ripple (XRP) holders to interact with aspects of decentralized finance, or DeFi, such as executing smart contracts for use in borrowing and lending, swapping for altcoins, via …
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