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“# Crypto platform Rally commits $12M to third-party developers ” Crypto-social platform Rally has earmarked $12 million for external developers to improve the functionality of the ecosystem, potentially setting the stage for new innovations that would benefit creators. The grants program will be distributed through RLY tokens, the native cryptocurrency of the Rally ecosystem, the…
“# Polkadot unveils $770M development fund ahead of parachain auctions ” Polkadot (DOT) founder Gavin Wood has unveiled a $777 million development fund ahead of the network’s parachain lease auctions. Wood tweeted on Oct. 17 that Polkadot’s treasury has allocated more than 18.9 million DOT (worth roughly $777 million at the time of writing) to…
“# ‘Evolved Apes’ NFT creator allegedly absconds with $2.7 million ” Investors in Evolved Apes, a recently launched PFP — short for profile picture — nonfungible token (NFT) projec, are grappling with the disappearance of the project’s anonymous developer. Going by the moniker “Evil Ape,” the developer has allegedly lived up to the name by…
“# Building a better stock market: Tokenized shares bridge trading gap on blockchain ” The dramatic short squeeze of the stock of video game retailer GameStop this January was the moment when r/WallStreetBets finally transformed from a humble Reddit forum into a financial force that can no longer be ignored. But lost among the memes,…
“# Here’s why Algorand (ALGO) price just rallied to a new multi-year high ” Real-world adoption is what really matters when it comes to being a successful blockchain project and one project that benefited from a recent uptick in adoption is Algorand (ALGO), a pure proof-of-stake protocol aiming to become the go-to base layer for…
“# Cryptocurrency can actually make a difference by helping people ” Between Bitcoin (BTC) breaking the $50,000 hurdle and the upswell in the altcoin markets, crypto has never been more appealing to speculators. But, stacking profits through trading is worthless unless that money is spent. Luckily, charitable organizations are waking up to the possibility of…
“# Crypto social governance will lead to online freedom ” The saying, “Everything in moderation, including moderation,” has taken on new meaning since Facebook outsourced responsibility for content moderation to its Oversight Board following the violent events that occurred at the United States Capitol back on Jan. 6, 2021. First conceived in November 2018 as Facebook’s “Supreme Court”…
“# Elon Musk and Bitcoin: A toxic relationship ” On July 8, Max Keiser and Stacy Herbert hosted an Elon Musk-inspired show in Austin, Texas. Aptly named “F*ck Elon,” the event, which included a large number of Bitcoin (BTC) maximalists, was surely a rowdy affair. Keiser is known for many things, but restraint is not…
“# Bitcoin price slumps $2K on Musk’s ‘in the end’ tweets ” Tesla CEO Elon Musk has brought more stress to the cryptocurrency markets by posting another series of cryptocurrency-related tweets on Thursday. Bitcoin lost around $2,000 in a matter of hours after Musk took to Twitter to post about Bitcoin (BTC) again. The Bitcoin…
“#Oakland homeless advocates turn encampment into ‘a little oasis’” A group of Oakland residents developed a creative way to attack the city’s burgeoning housing crisis. They built their own “community center” at a homeless encampment beneath a highway overpass. Called Cob on the Wood, the working village includes the basics of home, such as toilet,…