DeFi has been unquestionably garnering attention since its inception. Dapp transaction volumes topped $270 billion, with Ethereum’s DeFi ecosystem accounting for 95%. Decentralized finance protocols ushered in a transparent, trustless financial revolution on various fronts, including lending and borrowing, derivatives, insurance, stablecoins and decentralized exchanges. With almost $250 billion in value locked up in the …
Category archives: Blockchain News
Cryptocurrency vs Tokens – What’s the difference
Blockchain is the latest trend in technology and everyone wants a share of it. The blockchain platform is one of the best platforms right now for both investment and the development of new technologies. However, getting to know about it is rather difficult and without this information, it is impossible to get into it. Now …
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Terra’s UST Defeats BUSD & Becomes The Third-largest Stablecoin Project
Working as a top-tier decentralized channel, Terra has taken the crypto industry in a storm by successfully placing Terra USD (UST) as the third-largest stablecoin in the market space. The popular stablecoin has recorded a whopping 15% rise in its market capitalization in the past 30 days to reach a value of $17.5 billion at …
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KILT Unveils Revolutionary Tool for Digital Credentials For Users
Thriving as a popular identity protocol empowered with blockchain technology, KILT has included a new product called ‘Web3name’ (w3n) in its diverse ecosystem. With this new application, KILT is looking forward to helping customers enjoy access to a new interface of digital credentials and identities. The new highly-anticipated solution will facilitate exposure to improved transparency …
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Grayscale CEO Looks Forward To SEC’s Take on Spot Bitcoin ETF
As cryptocurrencies continue to take a sweep across the global financial space, industry veterans are showing keen interest in experimenting with new products. The latest buzz from the sector is coming for the launch of the spot Bitcoin ETF which has been a hot topic of discussion for investors and crypto firms. Recently, the long-awaited …
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What Is Enjin (ENJ), And How Does It Work?
If you are looking forward to setting foot in the cryptocurrency market, the first thing you need to do is find the right cryptocurrency. Many traders out there are browsing for their ideal crypto coin. Ethereum and Bitcoins are the top priority of almost everyone. However, you need to know that they are not the …
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Lightning Network Records 410% Rise in Payments Volume
Working as Bitcoin’s L2 scaling protocol, the Lightning Network has witnessed a striking surge in the level of payments volume by a stunning 410% as it garners attention from the industry. In a recent report, the growth in popularity of the Lightning Network was highlighted citing the channel’s unprecedented competence in executing and processing transactions …
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Pantera Capital Plans to Close $1.3B worth Blockchain Fund in May
Pantera Capital, the renowned investment firm involved in crypto projects is closing its first blockchain fund called the ‘Pantera Blockchain Fund’ in the coming weeks. Launched in May 2021 with high hopes, the Pantera Capital Fund is settling for its wrap-up post its success in achieving the pre-determined target of $600 million raise from the …
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MoonPay Raises $87 Million from Global Celebrities
Walking down the crypto path, you know you can expect anything and everything, starting from the most bizarre to the most exciting, within a flash of a second. The billion-dollar industry gave a thrilling surprise to crypto payment firm MoonPay by earning it the necessary support from the biggies of the entertainment, music, and sports …
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What Is Terra LUNA? | LUNA Coin Explained
Stablecoins have developed as a vital component of the cryptocurrency ecosystem, bridging the fiat-to-digital currency divide. The total capitalization of the stablecoin market has risen from US$38 billion in 2021 to more than US$180 billion now. Among the first blockchain networks with fully algorithmic stablecoins developed for e-commerce, Terra, whose terra LUNA coin has achieved …
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Sega’s Super Game Natural Extension plans to add NFTs
Working as a multinational video game and entertainment firm hailing from Japan, Sega is gearing up to take a strategic step involving NFTs within its new ‘Super Game’ initiative. Amid the growing craze for digitalization, Sega has planned to integrate support for cloud technology and Non-Fungible Tokens to enhance the potential of its highly-anticipated Super …
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Polygon Commits Carbon Neutrality and Lays Emphasis on Carbon Positivity
Sensing the growing environmental concerns within the crypto and blockchain niche, the Polygon Network has committed to going carbon neutral in 2022 by emphasizing climate positivity. Thriving as a trusted software portal for developers using the Ethereum ecosystem, Polygon revealed its future plans by releasing its “Green Manifesto: A Smart Contract with Planet Earth.” To …
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Genesis Pools $150 Million In Funding Round led By Silver Lake Equity Firm
Sailing in the same boat as its competitors, private equity and tech investment firm Silver Lake has led the funding round for the popular NFT platform Genesis with an aim to explore the Web3 space. The funding round helped Genesis to pool a whopping amount of $150 million for its ecosystem from the industry. With …
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A Complete Guide of Liquidity Provider (LP) Tokens
Decentralized Finance (DeFi) is no longer a new concept. Even if you’re not a blockchain fan, you still would have heard of the word and its adaptability. DeFi has grown in popularity to the point that ordinary investors are playing a big role in the growth of the blockchain-powered DeFi universe. It’s what we’d call …
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What Is a Crypto Trading Bot and How Does it Work?
Cryptocurrencies trading takes place 24 hours a day, 365 days a year. Therefore, it’s hard for a trader to seize every chance that arises in the market. In reality, algorithmic trading plays a significant role in global financial markets, including the crypto markets. Trading bots for cryptocurrencies are getting increasingly popular. You’ll need to…Read …
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