Monthly archives: February 2022

Onomy’s hybrid DEX and Forex market to deploy on Harmony

Onomy Protocol recently announced teaming up with  Harmony, adding the highly scalable, low-energy blockchain based on a sharded architecture to a growing list of cross-chain deployments. The integration will combine the deployment of Onomy’s hybrid DEX, multi-currency stablecoins, and a bi-directional bridge. Onomy’s robust infrastructure includes an application-specific Layer 1 blockchain built with Cosmos Tendermint, …

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Despite market crash, investors keep flocking to crypto startups

While the crypto market started the year poorly, with the industry losing over $300 billion of its value due to the fall in the price of Bitcoin and other assets to new lows, investors have continued to flock to startups in the space. Crypto startups enjoy continued funding despite the market crash According to a …

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ADALend Sign the Contract With Robatz Network for the Cardano Native Decentralized Lending Protocol Development

sponsored PRESS RELEASE. ADALend and Robatz Network sign the contract for development of the decentralized lending protocol. Robatz Network and ADALend represents a significant milestone for developing the lending protocol and will allow both companies to work together to further the development of the protocol, which will ultimately increase the utility of the platform for …

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Crypto Asset Manager Grayscale Launches ‘Future of Finance’ ETF in Partnership With Bloomberg

Grayscale Investments has launched its first exchange-traded fund (ETF). The Grayscale Future of Finance ETF “seeks to invest in the companies and technologies shaping the ‘future of finance.’” Grayscale’s First ETF Grayscale Investments, the world’s largest digital currency asset manager, announced Wednesday the launch of its first exchange-traded fund (ETF) called Grayscale Future of Finance …

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Microstrategy CEO on Mainstream Bitcoin Adoption: ‘I See Evidence of a Lot More Institutional Adoption’

The Nasdaq-listed company Microstrategy sees “evidence of a lot more institutional adoption” of bitcoin. The firm cited various reasons including “The circumstances and the currency volatility” in Turkey, South America, and Africa — “all of these things have elevated institutional awareness of bitcoin.” Microstrategy Outlines Future Outlook for Bitcoin The Nasdaq-listed software company Microstrategy discussed …

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SEC Commissioner: New Proposal Could Give SEC Expansive Power to Regulate Crypto, Defi Platforms

A commissioner with the U.S. Securities and Exchange Commission (SEC) has voiced concerns regarding a new proposal that could give the securities regulator new powers to regulate cryptocurrency platforms and decentralized finance (defi) protocols. New SEC Proposal Could Hurt the Crypto Industry, Commissioner Peirce Cautions U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has …

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Bitcoin On-Chain Demands Suggests That The Market Has Reached Its Bottom

Bitcoin on-chain analysis can be a good way to try to guess where the market is headed. The market tends to repeat itself with metrics looking the same before a bull or a bear rally, thus making this data a pretty good indicator of what’s to come. Analyst Willy Woo uses this same data to …

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Why The IOTA Foundation Donated £1M To The Imperial College

The IOTA Foundation announced a major contribution to the Imperial College. The non-profit organization based in Europe donated £1 million to the world-renown academic institution to research potential improvements to the circular economy supported by decentralized ledger technology (DLT). Related Reading | Why IOTA Was Chosen By The European Union To Develop Blockchain Solutions According …

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Why NFTs Took Over Crypto Trading Volume While Ether Struggled

The NFTs market had one of its best months yet in January with a record trading volume of $6 billion while cryptocurrencies like Bitcoin and Ether plunged dramatically over the investors’ fear of the Federal Reserve (FED) tightening. Related Reading | TA: Ethereum Breaking This Confluence Resistance Could Spark a Fresh Surge The NFT Space Doesn’t …

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What A Decline Under $35,511 Would Mean For The Price Of bitcoin

Bitcoin has lost its footing at $37,000 and has now slipped into the $36,000 territory, sending the market into another frenzy of fear. It comes on the back of widespread speculations that the digital asset had indeed hit its bottom. But with the current trend, the digital asset may end up sliding down further. To …

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Market Re-Enters Extreme Fear Territory As Bitcoin Declines To $36k

The crypto fear and greed index shows market is back in the extreme fear territory as Bitcoin has once again declined to $36k. Market Sentiment Returns To Extreme Fear As Bitcoin Drops To $36k Recently, as the price of the crypto recovered back above $38k, the market sentiment rose to that of fear. However, today, …

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Rise of Web3: Metaverse tokens surge as Meta’s share price plunges

Meta Platforms, the parent company of Facebook, saw the largest single-day slide in market value for a U.S. company ever with a 26% fall in share prices on Thursday after the tech giant revealed disappointing earnings and a decline in daily active users. Meta famously changed its name from Facebook in late 2021, to signal …

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Pixel Vault collects $100M for the NFT development platform

Working as a popular NFT platform offering a diverse collection of superhero-themed collectibles, Pixel Vault has pooled $100M to initiate exploration of Web3 in a newly rebranded version. The funding was supported by operator-led venture capital firms Velvet Sea Ventures and 01 Advisors who paved the way for the launch of the refurbished multi-franchise NFT …

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Philadelphia to explore crypto treasury with CityCoins

Known as the city of Brotherly Love, Philadelphia is actively looking forward to developing a native cryptocurrency for the city in partnership with CityCoins. Thriving as a popular decentralized avenue for crypto fans, CityCoins allows citizens of a place to contribute funds for social requirements of their own city or any other city via cryptocurrencies …

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Grayscale Teams with Bloomberg To Launch First Equity ETF

Taking pride in being the world’s largest digital asset management firm, Grayscale Investments is all set to mark a striking entry into the $7 trillion worth ETF industry. With its strategic partnership with Bloomberg, Grayscale has laid the foundation of its first-ever Equity ETF under the brand name of ‘Grayscale Future of Finance ETF’ dedicated …

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