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DeFi Shrinks to Multiyear Low as the Crypto-Fueled Future of Finance Falters
23.8.2023
The decentralized finance (DeFi) market slumped to its lowest point since February 2021 in terms of total value locked (TVL) on Wednesday
Binance Labs boosts Web3 future with Delphinus zkWASM investment
22.8.2023
Binance Labs, Binance’s investment and incubation division, has recently taken a strategic step forward by investing in Delphinus Lab. The company is well known for developing the first open-source zkWASM virtual machine, which supports trustless computation and application SDKs. This is...
Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future
22.8.2023
In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally, Coinbase has acquired an equity stake in Circle while...
Opensea Phases Out BNB Smart Chain Support, Citing Resource Alignment With Promising Efforts
19.8.2023
One of the largest non-fungible token (NFT) platforms, Opensea, has declared its decision to withdraw BNB Smart Chain (BSC) support. Opensea revealed that the “cost to continue supporting BSC outweighs the impact.” Opensea Pivots Away From BNB Smart Chain in Strategy Re-evaluation...
Kenyan Residents Asked to Participate in a ‘Public Survey on Virtual Assets’
18.8.2023
Kenya residents who wish to shape their country’s policy towards the crypto ecosystem can now do so by participating in a public survey on virtual assets and virtual assets service providers, the Financial Reporting Centre (FRC) has said. The FRC says the public’s feedback “will...
Does Chainlink have a future? Bold predictions and analysis!
18.8.2023
Chainlink enters the sphere of blockchain technology as a pioneering oracle network that connects smart contracts with actual data. As its name suggests, its function is to create a seamless connection. LINK is an ERC-20 token that not only functions as a means of exchanging value but also enables...
Canaan to Debut ‘Groundbreaking’ Bitcoin Mining Product at 10th-Anniversary Singapore Event
18.8.2023
Shortly after Bitmain announced its intention to launch a new bitcoin mining rig at the 2023 World Digital Mining Summit (WDMS) in Hong Kong this September, Canaan, another mining machine giant, hinted at introducing a “groundbreaking” product poised to elevate the BTC mining sphere....
Bitcoin’s resilience: Insights into its price action and future
17.8.2023
In the ever-evolving landscape of cryptocurrencies, the second quarter of 2023 has emerged as a defining period for digital gold: Bitcoin. The data paints a vivid picture of Bitcoin’s triumphant ascent, with its price surging by an impressive 85% year-to-date (YTD). This surge not only...
Chainlink vs. Polkadot: Unveiling the future of interoperability
17.8.2023
As the blockchain landscape increasingly gains traction, the need for seamless interoperability between different networks becomes increasingly crucial. Chainlink and Polkadot stand out as two pioneering projects that play a stellar role in transforming the future of blockchain interoperability....
NFT Biarritz returns to explore the future of the web
16.8.2023
Get ready to ride the digital wave of innovation at NFT Biarritz 2023, where the worlds of technology and surf culture collide in a dynamic two-day event. From August 21 to 22, this immersive experience will take participants on a journey that fuses Non-Fungible Tokens (NFTs), blockchain, AI,...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit 1-Week Lows Ahead of FOMC Minutes
16.8.2023
Bitcoin neared a breakout below $29,000 on Wednesday, ahead of the release of anticipated Federal Open Market Committee (FOMC) minutes. The minutes will show the United States Fed’s reasoning behind its last rate hike, whilst also giving guidance on its future decisions. Ethereum dropped...
CryptoCastle Universe: Your gateway to the future!
16.8.2023
Prepare to embark on an extraordinary journey at CryptoCastle Universe, a groundbreaking conference that brings together the powers of AI, sustainable technology, IoT, blockchain, VR, and AR. This remarkable event will be hosted at the stunning Castle Burgscheidungen in Germany, a magnificent...
Decoding Litecoin future: Halving impact and network metrics
16.8.2023
Recently, Litecoin completed its third halving event on August 2, 2023. This halving is significant for miners, slashing their rewards in half. The initial buzz was there, and Litecoin’s mining sector seemed to be on the rise, with promising growth. However, as we look closer...
US Congressman Warren Davidson: ‘Banning CBDC Is Essential to America’s Fintech Future’
16.8.2023
U.S. Congressman Warren Davidson has railed against central bank digital currencies (CBDC), stating that enacting a ban on these instruments is “essential” for the future of the fintech industry in America. Davidson explained that many people wrongly conflate cryptocurrencies with CBDC...
Bank of America Assesses Significance of Paypal’s USD Stablecoin and Fednow System
16.8.2023
Bank of America has provided its analysis of Paypal’s U.S. dollar stablecoin and the Fednow payments system. The bank does not expect the widespread adoption of PYUSD to occur in the near future, noting that the introduction of Paypal’s stablecoin will not lead to “accelerated...
The 3 Things Coinbase Says Will Determine the Future of Crypto
15.8.2023
Law Professors Blast SEC’s Concept of Investment Contract in Amicus Brief
14.8.2023
Six professors of law have issued an amicus brief in favor of Coinbase, blasting the U.S. Securities and Exchange Commission’s (SEC) stance on the definition of investment contracts. Through a historical examination of the development of securities laws, the brief concludes that an investment...
Amid Gold’s Recent Slide, Experts Predict a Shining Future with Potential Highs Beyond $2,500 by 2024
13.8.2023
In recent times, gold and silver have faced a downtrend, with gold losing over 2% of its value in the past month and silver tumbling more than 5% against the U.S. dollar. Even amid gold’s rather uninspiring performance this last month, David Neuhauser, the founder of the investment company...
TSMC Advances Towards 2-Nanometer Chips in Taiwan; A Breakthrough That Could Revolutionize Bitcoin Mining
10.8.2023
Taiwan Semiconductor Manufacturing Co. (TSMC) is taking bold strides toward the future of semiconductor technology, planning to manufacture next-generation 2-nanometer (nm) chips at a new plant in Kaohsiung, Taiwan. Reports detail that the date for mass production remains undecided, with...
Circle CEO Urges On-Shore Stablecoin Development for the Future of Finance
10.8.2023
Resharing Circle's video ad tweet, Jeremy Allaire, the CEO of Circle, emphasized the critical need to accelerate the progress of the digital dollar and Stablecoin development. His message highlights that this advancement is essential for maintaining the strength of the US dollar.
Initially posted...