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” Crypto Bahamas: Attendees talk the future of NFTs “ The crypto community headed to Nassau in the Bahamas this week for the inaugural Crypto Bahamas conference. Like most conferences, panels fill up the agenda and on Wednesday the topics at Crypto Bahamas ranged from NFTs to crypto in sports and to asset allocation in…
” Ethereum on-chain data hints at further downside for ETH price “ Analyzing Ether’s (ETH) current price chart paints a bearish picture, which is largely justified by the 11% drop over the past month, but other traditional finance assets faced more extreme price corrections in the same period. The Invesco China Technology ETF (CQQ) is…
” Blockchain games are leading the DApp industry, says latest DappRadar report “ Market tracker DappRadar and the Blockchain Game Alliance, or BGA, published the Blockchain Games Report for Q1 2022 on Wednesday. After citing that $720 million was invested into blockchain games and infrastructures in February in a previous report, the latest number for…
” MakerDAO deploys on layer-2 network StarkNet to enhance functions of DAI stablecoin “ MakerDAO, a decentralized autonomous organization serving the popular DeFi lending protocol Maker, has announced an upcoming deployment schedule on the decentralized zero-knowledge (ZK) Ethereum rollup, StarkNet. Expected to become fully operational in the third quarter of this year as identified in…
” DAO regulation in Australia: Issues and solutions, Part 2 “ Lawmakers in Australia want to regulate decentralized autonomous organizations (DAO). In this three-part series, Oleksii Konashevych discusses the risks of stifling the emerging phenomenon of DAOs and possible solutions. Regulating a decentralized autonomous organization (DAO) as a company, first of all, means registration as…
” Report: DApp daily users surge to 2.4M in Q1 2022 despite headwinds “ According to a new industry report published by DappRadar, the number of users engaging in decentralized applications, or DApps, every day surged 396% year-over-year to 2.4 million. This is only 5.8% below the same user activity level witnessed in Q4 2021….
” AVAX traders anticipate a new ATH even as Avalanche DApp use slows “ Avalanche (AVAX) jumped 43.8% between March 14 and March 31 to a $97.50 daily close, which is the highest level since Jan. 5. This layer-1 scaling solution uses a proof-of-stake model and has amassed $9 billion in total value locked (TVL)…
” Traders predict $3,800 Ethereum, but multiple data points suggest otherwise “ Investors tend to not complain about a price rally, except when the chart presents steep downside risks. For example, analyzing Ether’s (ETH) current price chart could lead one to conclude that the ascending channel since March 15 is too aggressive. Ether price at…
” Omnichain developer LayerZero Labs raises $135M “ On Wednesday, LayerZero Labs, a firm that develops protocol to enable omnichain decentralized applications, or dApps, to span multiple blockchains, announced that it raised $135 million in its latest funding round. The deal values LayerZero Labs at $1 billion and will accelerate the development of its namesake…
” Stargate Finance attracts $1.9B in six days “ Stargate Finance, a cross-chain protocol designed to assist users in transferring assets between different blockchains, has accrued over $1.9 billion in total value locked (TVL) in less than a week after launching. Stargate markets itself as a liquidity transport protocol that allows users to transact native…