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“# Cardano network at record capacity due to SundaeSwap launch, but not all users hail it as a success ” According to both Cardano Blockchain Insight and pool.pm, the Cardano (ADA) network has maintained record capacity for nearly two weeks due to the launch of decentralized exchange, or DEX, SundaeSwap, the first of its kind…
“# Vitalik Buterin suggests making NFTs ‘soulbound’ like World of Warcraft items ” In a blog post published Wednesday, Vitalik Buterin, co-founder of Ethereum (ETH), expressed his wishes to make nonfungible tokens, or NFTs, soulbound as with the namesake item class in popular MMORPG World of Warcraft, or WoW. In outlining his reasons, Buterin explained…
“# Anchor protocol’s reserves head toward depletion due to lack of borrowing demand ” Anchor, the flagship savings protocol of the Terra Luna (LUNA) ecosystem, has seen its reserves decline by 35.7% in the past seven days according to Terra.Engineer. Since the beginning of December, the amount of Terra USD Stablecoin (UST) held in the…
“# House members urge US treasury secretary to clarify definition of broker in infrastructure law ” A bipartisan group of members from the U.S. House of Representatives called on Treasury Secretary Janet Yellen to clarify the language in the infrastructure bill signed into law in November around the definition of “broker.” In a Wednesday letter,…
“# Axie Infinity devs release governance token for Ronin Blockchain to mixed player response ” On Thursday, Sky Mavis, the creator of the monster-battle game, Axie Infinity, released its much-anticipated RON governance token. The token is based on its Ethereum (ETH) sidechain Ronin Network. Its purpose includes paying for transactions on Ronin, staking and participating in community…
“# 3 interesting NFTs launching this week: Cool Pets, Ethaliens and KaraFuru ” With crypto prices down badly, NFTs appear to be on a discount which is making it hard for many collectors to resist a good sale. Notable projects like World of Women have recorded their largest sale at 260 Ether ($627,755 at current…
“# Bitcoin ‘gives back gains’ after Fed comments ‘add downside risks’ to crypto markets ” Bitcoin (BTC) price continues to flash mixed signals, raising uncertainty among investors and negatively impacting asset prices across the market. Data from Cointelegraph Markets Pro and TradingView shows BTC price pinned below $36,000 and even though crypto and equities markets…
“# Derivatives data suggests that Bitcoin’s $39K bounce was a mere blip ” Bitcoin (BTC) bulls are probably quite disappointed with how the start of 2022 has shaped up, especially since the cryptocurrency plunged over 20% in the first 25 days of the year. Even more shocking is the fact that the supposed $32,930 bottom…
“# Ethereum failing to target core Web 3 issues, says NEAR co-founder ” Illia Polosukhin, the co-founder of NEAR protocol, thinks Ethereum development has a focus problem. He says engineers should be fixing crucial issues that will enable Web 3 to scale to billions of users. “We need simplicity of usage. We need easy programmability….
“# BitDAO launches $200M zkDAO to advance Ethereum scaling via zkSync ” On Thursday, a proposal to fund decentralized autonomous organization zkDAO passed via treasury protocol BitDAO with close to 200 million votes cast. The proposal was authored by Matter Labs — the organization behind Ethereum scaling protocol zkSync — and Mirana Ventures. Utilizing zk-Rollups, zkSync and its…