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“# Blockchain tech firms AllianceBlock and Flare integrate technologies to expand their DeFi ecosystems ” AllianceBlock, a blockchain tech firm that seeks to bridge the gap between decentralized finance, or DeFi, and traditional finance, announced a partnership with fellow blockchain tech entity Flare. Flare claims its layer-one, or blockchain protocol improvement, technology can bring smart…
“# Cardano prepares to scale with Hydra upgrade as network reaches 2M wallets ” In a tweet posted by the Cardano Foundation on Monday, the number of Cardano (ADA) wallets has surpassed the 2 million mark. The network reached the previous milestone of 1 million ADA wallets on May 22, 2021. During that period, the…
“# Asia-Pacific leads the world in NFT searches on Google ” Amid the ongoing nonfungible tokens (NFT) boom, people in Asia-Pacific (APAC) countries appear to be the most curious about NFTs, according to Google Trends data. Google Trends data shows that China, Singapore and Hong Kong are the three top countries in the world in…
“# Game over! ‘Squid Game’-inspired crypto scam collapses as price crashes from $2.8K to zero ” A cryptocurrency inspired by Netflix’s internationally hit TV show Squid Game scammed investors in what appears to be a $3.38-million “rug pull” scheme. Dubbed SQUID, the cryptocurrency plunged to almost a fraction of a cent minutes after crossing over $2,850 at…
“# Avalanche creates $200 million fund to lure top crypto devs ” The Avalanche Foundation has unveiled “Blizzard” — a fund offering more than $200 million in incentives to developers who build on the Avalanche (AVAX) network. The fund will provide liquidity to those early-stage projects that innovate decentralized finance (DeFi) applications, nonfungible tokens (NFTs),…
“# Upcoming parachain auctions send Polkadot to new ATH, while CHR and THETA follow ” “Uptober” is over but as Zhu Su tweeted earlier today, the crypto market rally could extend through “Upvember, Upcember” and beyond. The month of October was stellar for Bitcoin (BTC) and Ether (ETH) primarily because each hit new all-time highs…
“# Sorare CEO shares bold vision on NFTs during Web Summit 2021 opening night ” Web Summit 2021, the biggest tech conference in the world, kicked off on Monday in Lisbon, Portugal, and will last until Thursday. In an opening statement, Carlos Moedas, the mayor of Lisbon, said that “My dream is that Lisbon will…
“# eNaira slowly gains traction post-launch amid glitches ” The rollout of the world’s second central bank digital currency, or CBDC, is off to a rocky start. Last week, Nigeria rolled out its eNaira CBDC after the Bahamas became the first country in the world to launch one, known as The Sand Dollar, the year…
“# US Treasury report says stablecoin legislation is ‘urgently needed’ to address risks ” The President’s Working Group on Financial Markets, or PWG, has released a report suggesting that stablecoin issuers in the United States should be subject to “appropriate federal oversight” akin to that of banks. A Nov. 1 U.S. Treasury report from the group…
“# Price analysis 11/1: BTC, ETH, BNB, ADA, SOL, XRP, DOT, SHIB, DOGE, LUNA ” Bitcoin (BTC) and Ether (ETH) had their highest monthly close ever in October, indicating strong momentum that favors buyers. The focus now shifts to November, which has been largely bullish for Bitcoin. Since 2013, Bitcoin has closed November in the…