Ever since Satoshi Nakamoto gave investors a taste of the paperless currency Bitcoin, there has been no halt in the growing craze for the industry. The multi-billion-dollar sector has garnered constant support from firms and retail traders who are rampantly choosing crypto investments over other traditional payment tools. Supported by the unparalleled excellence of blockchain …
Continue reading “What Is Wormhole and How Does Wormhole Work?”
A report published by the Economist paints a bright future for cryptocurrency adoption, with survey respondents anticipating growing demand in the near future. Economist Impact published findings of its ‘Digimentality Report’, delving into consumer trust in digital payments and the stumbling blocks that have hampered the digitization of basic monetary functions. The data obtained provide …
Continue reading “Investors’ perception of crypto is changing for the better: Economist survey”
The increase of crypto lobbyists recently sparked an effort from anti-crypto individuals in the tech space to urge regulators through a letter to resist the influence of blockchain advocates. In response, the crypto community criticized the move and laid out counterarguments against the contents of the letter. Signed by 26 tech personalities, the letter sent …
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South Korea, a nation known for its strict crypto regulatory stance, is betting big on the metaverse. The government will invest over 223.7 billion won ($177.1 million) directly in various metaverse projects. The decision to invest in the nascent metaverse tech makes South Korea one of the first national governments to do so. The investment …
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The decentralised finance (DeFi) market currently has $55 billion in assets locked, representing a 10% jump in the past week. Could this be a good time to invest in the best DeFi coins? This article outlines the best options available to investors looking to get a large slice of the DeFi market. 1. Lucky Block …
Continue reading “5 DeFi Coins to Buy for Lower-Risk Returns – May 2022”
Chat logs from a Terra “war room” on Telegram have been publicized. The chat logs cover the confusion and uncertainty about saving the Terra network. Terra continues to suffer from issues, and the revival plan is alive but beset with troubles. Recent tweets from Terra community members reveal large portions of chat logs from Terra’s …
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Solana‘s value fell 12% on June 1 after the network went offline for more than four hours. The outage is the second time such an event has occurred in the last 30 days. The outage was caused by a bug that …
Continue reading “Solana falls below $40 as network suffers another outage”
Environmental, social, and corporate governance (ESG) is billed as a powerful vehicle to create value, drive sustainability, and deliver a more equitable world. But behind the social justice warrior hype lies the potential to pick winners and losers, and unfortunately for crypto, the verdict is mainly negative from an ESG perspective. To read the rest …
Continue reading “What now for crypto as ESG called out as a scam?”
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Tron has become the third-largest network by total value locked (TVL) in DeFi protocols a month after launching its algorithmic stablecoin, USSD. The Justin Sun-led protocol saw its TVL rise to over $6 billion within the last 30 days, placing it …
Continue reading “USDD is fueling Tron’s DeFi TVL rise, draws comparison with Terra’s UST”
India is the global leader in non-fungible token (NFT) gaming, while the number of play-to-earn (P2E) players in developed countries like the U.S. and France is significantly lower than in much of the rest of the world, the latest data from Finder has shown. More People Plan to Play in the Future According to Finder’s …
The Monetary Authority of Singapore (MAS) has partnered with major banks and financial services companies to explore the uses of asset tokenization and decentralized finance (defi). DBS Bank and JPMorgan will pilot the first project. Project Guardian Launched The Monetary Authority of Singapore (MAS), the country’s central bank, announced Tuesday that it has partnered with …
sponsored Colombian soccer superstar James David Rodríguez Rubio has announced his partnership with ZKSpace to launch the James Rodríguez Commemorative Edition NFTs, Zurda (left foot in Spanish), with the presale scheduled for June 15th, 2022. The 1,500 unique pieces are currently the only digital art collections available featuring key highlights from his illustrious career spanning …
A new altcoin attempting to reward participants for contributions to the Ethereum network is posting gains after a listing from the largest US-based crypto exchange. In an announcement, Coinbase says Optimism (OP) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met. According to Coinbase, OP will be designated …
Continue reading “Little-Known Altcoin Surges 143% As Coinbase Announces Surprise Listing”
Bitcoin Faces Rejection at $32K but May Resume Sideways Trend – May 31, 2022 On May 31, BTC price candlestick pattern showed a Doji candlestick as it may resume sideways trend. BTC/USD has declined to the previous low. The previous low is characterized by small body indecisive candlesticks called Doji or Spinning tops. Bitcoin Price …
Solana suffers another global outage that lasted nearly four and half hours. This is the second network outage that the blockchain has encountered this month. Cryptocurrency Solana suffered a major global outage on Wednesday, resulting in the network halting its activities temporarily. The network outage that lasted for nearly four hours ended up impacting the …
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