The French Government’s Olympics committee is willing to run the Paris 2024 Olympic Games with minimum security risks for fans. As such, the organization might incorporate blockchain technology into its ticketing system and provide non-transferable, personalized passes to spectators. Blockchain to the Rescue According to a recent coverage, Michel Cadot – the interministerial delegate of...Read More
The largest stock exchange in Nigeria – Nigerian Exchange Ltd. – will reportedly roll out a blockchain-enabled trading platform next year to facilitate the capital market and attract young investors. The main application of the distributed-ledger technology will be in trade settlements, the company revealed. According to Bloomberg, the exchange will partner up with a...Read More
DApp discovery and analysis platform DappRadar released a detailed report analyzing the state of the crypto market in May. It mainly covered three areas: DeFi, NFT activities, and crypto games, stating that the Terra debacle did not destroy the overall DeFi ecosystems. NFT trading volume was only down 6% from April if measured in token...Read More
The Crypto bear market is currently dealing with a bunch of uncertainties in the price. One of the Crypto analysts has made his outlook for Solana (SOL), Avalanche (AVAX), Chainlink (LINK), and ApeCoin (APE) aiming at all the uncertainties the market is dealing with. Solana Price The Pseudonymous crypto trader Altcoin Sherpa told his 176,500...Read More
All eyes have been on Do Kwon and his crew at Terraform Labs since the fall of Terra Luna and UST and the following introduction of Terra 2.0. Several allegations have been made against the founder and TFL, some of which are backed up by good proof. TFL and Do Kwon have even been the...Read More
Paolo Ardoino, Tether (USDTchief )’s technical officer (CTO), has identified the Terra (LUNA) ecosystem as the primary cause of the coin’s fall. Ardoino pointed at the Terra developers’ decision to create the UST stablecoin and back it with bitcoin. He called this move a “recipe for disaster” during an interview on Kitco News dated June...Read More
Chainalysis’ latest report finds that decentralized exchanges (DEXs) have surpassed centralized exchanges (CEXs) in terms of on-chain transaction volume since January 2021. However, to maintain their lead in market share, DEXs may need to resolve a set of issues, including regulatory scrutiny, in the future. DEXs Vs. CEXs Since CEXs usually adopt the “order books”...Read More
Mr. Jason Choi, a member of Forbes’ 30 Under 30 list, co-founded Spartan Group. The Spartan Group is APAC region’s most successful Web3 VC fund. Mr. Jason has expressed his thoughts on the current crypto “bottom.” DeFi 2.0 Lost 98.5% On An Average According to Mr. Choi’s data, all forms of utility and governance holdings...Read More
The Vietnam Blockchain Association partnered with the world’s largest cryptocurrency exchange – Binance – to boost the development of blockchain technology in the Asian country. The two parties will also establish connections with other tech companies across the globe. Striking a Deal With Binance The cryptocurrency industry has found a welcoming location in the face...Read More
Big banks are making moves into the blockchain and crypto space at a greater pace now more than ever. JPMorgan is the latest to experiment with distributed ledger technology to improve transfer efficiency. On May 26, Bloomberg reported that the Wall Street bank ran a pilot test transfer last week involving a transfer of a...Read More
The Israeli-American businessman and investor started the firm with his spouse Rebekah and CEO Dana Gibber. On May 24, the company announced that it had raised $70 million in its first major funding round led by a16z. The event was made through a combination of traditional venture equity and a private token sale. Participants included...Read More
China may have banned cryptocurrencies on its territory, but blockchain technology remains a key priority area for the government. Its global ambitions in this space are just taking off with BSN Spartan Network, which is advertised to be open-source and free from the Chinese government’s snooping. BSN’s Spartan Network Blockchain-based Service Network (BSN), a project...Read More
Leading crypto VC firm Andreessen Horowitz (a16z) released a report offering an annual overview of the current trends and state of the crypto industry. The paper reiterated the firm’s bullish views on Web3, projecting long-term growth ahead of the sector, and weighed in on the dominant position as claimed by Ethereum among layer-one blockchains. “Web3...Read More
On May 9th, 2022, Terra (LUNA) made international headlines after its stable coin, UST lost its peg for the second time in two days. The fear that followed resulted in the Terra ecosystem collapsing on May 10th. Terra has lost 99 percent of its value in just 48 hours. The crypto community has been outraged...Read More
As huge turbulence was hovering within the space that the Terra executive had not handled the crisis in a proper way, the founder Do Kwon came up with a relief plan. As per the relief plan, the existing ecosystem would become Terra Classic with the token named LUNC. And the newly created chain would be...Read More
Falcone rose to fame and fortunes, amassing a fortune of $2 billion by shorting housing markets but has since squandered most of that over the past decade, according to reports. On May 17, the New York Post reported that the former hedge fund tycoon is angling to profit from TV coverage of the crypto industry,...Read More
EY – a Big Four accounting firm – launched a new application programming interface (API) for its blockchain platform, allowing enterprise users to transact on public blockchains without dealing with the complexity of entire DLT systems. New API for EY OpsChain EY OpsChain, part of the giant’s blockchain platform, is a subsidiary dedicated to solving...Read More
As the cryptocurrency industry continues to be shaken by the Terra blockchain’s failure and the price crash of its native token, LUNA, and its algorithmic Stablecoin, UST, suspicions have arisen concerning the whereabouts of around 80,000 Bitcoin units belonging to the ecosystem. The claimed Bitcoin was intended to be held in trust by the Luna...Read More
Terra validators have reportedly decided to freeze Terra’s blockchain due to LUNA’s collapsing market price. The team argues that at such low costs, a whale buyer could easily commit a governance attack on the network. The chain was officially frozen at block 7,603,700, making native transactions on Terra’s blockchain impossible. Terra (LUNA), which has seen...Read More
According to the Coin Bureau, Cardano use is on the rise. Here’s What It Thinks About the Ethereum Competitor’s Future In the wake of Cardano’s recent underperformance, the presenter of the popular YouTube series Coin Bureau examines the cryptocurrency’s prospects. Guy, a pseudonymous crypto analyst , claims that Cardano is seeing a surge in adoption...Read More
Cardano holders with a supply of 10 million or more ADA have observed a rapid increase. Within the previous two weeks, the number of addresses in this cohort has increased by 12, implying that this group of investors has now added at least 120 million ADA to its holdings. Although the number of investors owning...Read More
XRP has had a bad week, with a 13 percent drop in the last seven days. It has found support at $0.63 and now appears to be on the verge of entering a rally that might take it all the way to major resistance at $0.70, which served as support in early April. Because it...Read More
Leading blockchain data analytics platform Nansen recently released its quarterly analysis report, which revealed that the crypto market had witnessed a decline in 2022 compared to its 2021 activity volume. The report, however, pointed out that the performance of leading blockchain networks, Polygon, BNB Chain, and Avalanche, remained fairly stable, with Avalanche standing out as...Read More
Over the last 24 hours, the global crypto market has shifted to a state of uncertainty. The new signs point to a shift in sentiment, which could affect the performance of Bitcoin and other top-tier coins. Despite the fact that the market was beneficial for Bitcoin in the previous 24 hours, it has since changed...Read More
The entity aiming to accelerate the adoption of blockchain technology and support cryptocurrency projects – the Vietnam Blockchain Union (VBU) – has reportedly seen the light of day. It was launched by the Vietnam Digital Communications Association (VDCA) in the capital Hanoi. Enter VBU Vietnam has been gradually emerging as one of South-East Asia’s cryptocurrency...Read More
After a notable rally in 2021 a couple of times, 2022 appears to be pretty relaxed, maintaining a squeezed rally. Traders appear to extract their profits with just a minor spike and compel the prices to chop around the lower levels. However, in the upcoming days, the space may witness a significant change which may...Read More
A recent DappRadar study estimated that blockchain-based games raised $2.5 billion in Q1, 2022 from investors. If this pace maintains, the total investments by the end of the year will be 150% higher than in 2021. Additionally, in March, blockchain games attracted 1.22 million Unique Active Wallets (UAW) and accounted for 52% of the industry’s...Read More
Framework Ventures – a crypto-focused venture capital firm – recently secured $400M for its third crypto-focused fund. Half of the money will be invested towards the blockchain gaming space, with the remainder going into web 3 and decentralized finance (Defi) projects. Venturing Into Crypto Gaming As announced by the firm today, the new fund –...Read More
KILT announces the launch of web3name, an application for creating a custom name to represent users’ digital identity. The new approach would increase the transparency of users’ identities without sacrificing the privacy involved with personal data. KILT, a blockchain identity protocol based on the Polkadot network, issues a new form of digital credentials, Web3name(w3n), for...Read More
Five-time Super Bowl winner – The Dallas Cowboys – introduced the cryptocurrency platform BlockchainCom as its sponsor. The collaboration will roll out numerous experiences to fans, such as trips to away games and events hosted by the players. ‘America’s Team’ and BlockchainCom The cryptocurrency industry continues to engage with the US National Football League, with...Read More
