The host of popular crypto channel Coin Bureau says that one Ethereum scaling solution could potentially see a 200% boost by the end of the current bull cycle. Pseudonymous crypto analyst Guy tells his 1.7 million subscribers that Polygon (MATIC) could see a 2-3x increase, and possibly more if it follows through on its proposed …
Yearly archives: 2021
Altcoin Roundup: 3 metrics that traders can use to effectively analyze DeFi tokens
Much to the chagrin of cryptocurrency proponents who call for the immediate mass adoption of blockchain technology, there are many “digital landmines” that exist in the crypto ecosystem such as rug pulls and protocol hacks that can give new users the experience of being lost at sea. There’s more to investing than just technical analysis …
Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’
The weekend is upon us and fear remains the dominant short-term sentiment in the cryptocurrency market. Earlier today Bitcoin (BTC) price dropped to $47,250 and investors are biting their nails after data from the U.S. consumer price index (CPI) shows inflation reaching a forty-year high at 6.8%. Data from Cointelegraph Markets Pro and TradingView shows …
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Nifty News: Pepsi’s debut drop, 1inch expands P4 Metaverse and Tom Brady gifts NFTs
Cointelegraph has had a lot of NFT related news this week from pop culture to sports and gaming. Below is a roundup of stories you don’t want to miss. Pepsi and VaynerNFT team up Pepsi launched their Mic Drop genesis NFT collection made up of 1,893 generative style NFTs on the Ethereum blockchain. The number …
Indian prime minister to make the final call concerning crypto regulation in India
Prime minister Narendra Modi is all set to take the final decision regarding cryptocurrency regulation in India. According to multiple reports, the crypto bill has been finalized by the finance ministry but certain sections of the bill require detailed discussions after which the final decision will be put forward by PM Modi. A high-level meeting …
Prominent investor speculates why Terra’s algo-stablecoin (UST) triumphed over Synthetix (sUSD)
As the market capitalization of Terra’s algorithmic stablecoin that tracks the value of the US dollar topped $8.5 billion–investors speculate what is driving the adoption and how exactly did UST manage to leave the competition lagging so far behind? While fueling the DeFi market, the decentralized stablecoin sector continues to rapidly grow. By leveraging unparalleled …
Parallel Finance wins Polkadot’s fourth parachain slot auction with $300 million raised
Parallel Finance announced winning Polkadot’s fourth parachain slot, with contributions totaling 10,75 million DOT–equating to roughly $300 million. In order to win the auction, contributors and investors vote by staking Polkadot’s native cryptocurrency, and with more than 30,000 supporters, the DeFi lending protocol secured its place in the expanding ecosystem. Parallel Finance secures its lease …
Anchor Protocol: DeFi savings protocol on the Terra blockchain
Introducing a new ongoing section of CryptoSlate — Project Reports — designed to provide a comprehensive and standardized overview of crypto projects and DeFi protocols. This first report was conducted on Anchor Protocol, the “DeFi savings protocol” of the Terra blockchain that pays up to 19.6% APY on the UST stablecoin, which is now available …
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Ethereum Co-Founder Vitalik Buterin Publishes ‘Plausible Roadmap’ Addressing Scalability
In recent times the Ethereum network has received a lot of criticism about the protocol’s data transfer fees and scalability. In a blog post called “Endgame,” published on December 6, the co-founder of Ethereum, Vitalik Buterin discussed plans to improve scaling, the upcoming proof-of-stake transition, and censorship resistance. Buterin Outlines Plausible Ethereum Scaling Roadmap in …
Blockasset Pushes the Limits of NFTs and Fan Tokens, Empowers Sports
sponsored On the 4th of November, one of Times Square’s Countdown screens lit up with artworks depicting five iconic sports heroes, Alexander Ovechkin and Muhammad Ali among them. The ‘LeGENds’ NFT drop was held by Blockasset: a Solana-based sports platform aimed at providing better engagement models for athletes and their fans by pushing the limits …
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Gitcoin Deactivates Grant for Farsi Speaking Communities Due to U.S. Sanctions
Gitcoin, an organization that helps fund open source projects around the Ethereum blockchain, has deactivated a grant due to it being directed to individuals from a sanctioned country. The grant, called “Free Smart Contract Development Course for Farsi Speaking Communities,” was directed and organized by an organization called Women in Blockchain Farsi. The move created …
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Makersplace Plans to Drop World’s First 2pac NFT Collection Authorized by the Shakur Estate
On December 15, the non-fungible token (NFT) market platform Makersplace will drop an assortment of NFTs based on Tupac Shakur’s most well-known jewelry pieces. Makersplace and the NFT artists and curators Impossible Brief and Digital Arts & Sciences worked closely with Shakur’s estate in order to drop the NFT collectibles called “The Immortal Collection.” Tupac’s …
Buying the Dip: MicroStrategy Purchases Another $82,400,000 Worth of Bitcoin Amid Crypto Market Doldrums
MicroStrategy CEO Michael Saylor says that the enterprise analytics firm is doubling down on Bitcoin (BTC) and buying the dip once again. According to Saylor, MicroStrategy just purchased an additional 1,434 BTC for approximately $82.4 million at an average price of about $57,477 per Bitcoin. Saylor says to his 1.9 million Twitter followers that MicroStrategy …
Social Giant Reddit Expanding Ethereum-Based Crypto Program, Rolls Out Waiting List
Popular social media network Reddit is rolling out a waitlist for users and moderators to participate in its expanding Ethereum-based Community Points program. According to its website, the program would allow members of eligible subreddits to earn reputation points and own a piece of their favorite community via customized crypto tokens built on the Ethereum …
Interest in These Altcoins Primed To Explode As Investors Move Beyond Bitcoin, According to Bitwise CIO Matt Hougan
The chief investment officer of Bitwise Asset Management is naming the altcoins that are set to explode as investors venture outside of Bitcoin (BTC). In a new interview with Bloomberg Technology’s Emily Chang, Matt Hougan says he is bullish on Ethereum (ETH), Solana (SOL) and Polygon (MATIC). “I think we’re going to see this sort …