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“# ‘We want to build Minterest as a fairer financial system,’ says CEO Josh Rogers ” Decentralized finance (DeFi) protocols have gained significant traction in the cryptocurrency sector, with a total value locked surpassing $271 billion, based on data from DefiLlama. One exceptionally popular category of DeFi services is that of decentralized borrowing and lending,…
“# $500M blockchain gaming proposal Game7 to come online with backing from industry veterans ” As outlined in a prepared statement obtained by Cointelegraph, Game7 is an upcoming $500 million blockchain ecosystem acceleration decentralized autonomous organization, or DAO, with the goal of onboarding gamers worldwide to the blockchain ecosystem. Entities backing the proposal include BitDAO,…
“# Ethereum layer-two developer StarkWare valued at $2B following $50M raise ” Israel-based StarkWare announced on Tuesday via Twitter that it had raised $50 million in a Series C funding round, and that the firm’s valuation is now at $2 billion. Sequoia Capital was the lead investor, among other contributors. Seven months ago, StarkWare raised…
“# Portal partner with Polygon to advance DeFi on Bitcoin ” Decentralized exchange, or DEX, and self-custody wallet platform, Portal, has announced a strategic partnership agreement with layer-2 blockchain network, Polygon to advance Bitcoin functionality in the decentralized finance, or DeFi, market. Portal currently offers fully decentralized on-chain spot and options trading, as well as…
“# Navigating CityCoins: Miami citizens to earn Bitcoin despite the city not holding crypto ” Miami is quickly becoming the crypto capital of the United States. In August of this year, the Magic City was the first state in the U.S. to launch MiamiCoin (MIA), its very own cryptocurrency used for civic engagement. A few months…
“# Metaverse gaming tokens Ethverse and Axie Infinity avoid crypto downtrend ” Metaverse gaming tokens Ethverse (ETHV), The Sandbox (SAND), GameSwap (GSWAP), Yield Guild Games (YGG) and Axie Infinity (AXS) are the few cryptocurrencies seeing gains on Nov. 17 with Bitcoin (BTC), Ether (ETH) and most of the market in the red. Best-performing crypto sector…
“# Polygon launches a zk-STARK scaling solution for DApp deployment ” Polygon, a layer two scaling solution for Ethereum compatible blockchains, stated in a press release provided to Cointelegraph that it has launched its zk-STARK powered Miden Virtual Machine for the development of decentralized applications, also known as DApps. 1/7 We are proud to reveal…
“# Iota Foundation to launch staging network and reward token ” The Iota Foundation has announced the upcoming launch of a staging network, Shimmer, in a bid to advance through the Iota roadmap toward fully functional decentralization. The layer-one network will act as an innovation testbed for developers and builders in the community seeking to…
“# Without quantum security, our blockchain future is uncertain ” News that two teams of Chinese scientists have achieved quantum advantage — a technical term for when a computer can perform functions beyond that of a classical computer — may be the signal that we have truly entered a new era. While Google’s 54-qubit quantum…
“# Why are major global brands experimenting with NFTs in the Metaverse? ” Blockchain is a core technology that differentiates itself from other technologies by having solved the double expense with the emergence of the Bitcoin blockchain in 2008. Nonfungible tokens, or NFTs, were driven by blockchain technology which brought scarcity and interoperability to nonfungible…