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“# Bluzelle launches mainnet decentralized storage for NFT content ” Bluzelle, a decentralized storage network, has announced the release of its mainnet R2 file storage system, which is designed to enhance the decentralization of nonfungible tokens (NFTs) and their corresponding data. The solution was created amid rising concerns around the lack of immutability on the…
“# 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),…
“# Patreon to explore expansion into crypto realm ” Patreon executives again teased their company’s expansion into the world of crypto at a 2021 Creator Economy Summit by The Information panel. Patreon CEO Jack Conte appeared with Chief Product Officer Julian Gutman, saying: “I really love the idea of creators owning their media and owning…
“# DeFi protocol Aave encounters major capital flight ” Annual percentage yields, or APY, on crypto borrowing and lending platform Aave have surged to record levels after capital withdrawals sent the decentralized finance, or DeFi, protocol into a liquidity crunch. At the time of writing, variable APY on borrowing stablecoin Dai via Aave has surged…
“# Finance Redefined: Near’s $800M fund, Miami embraces crypto, Oct. 22–29 ” Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter. The DeFi space was full of fundraising this week. Read on to discover where the venture capital firm led by Reddit’s co-founder is making notable investments. What you’re about to read is…
“# Axie Infinity, Decentraland and ‘metaverse’ cryptos rally after Facebook rebrands to Meta ” Facebook’s decision on Oct. 28 to rebrand itself to Meta — to indicate its plans to build an avatar-filled metaverse — helped spark a speculative rally across cryptocurrencies that belong to similar virtual world projects. Decentraland, a virtual place with its own economy, currency…
“# FATF includes DeFi in guidance for crypto service providers ” Decentralized finance, or DeFi, continues driving more interest from regulators and is becoming a part of the major international rules designed for virtual asset service providers, or VASPs. On Thursday, the Financial Action Task Force, or FATF, issued a new update to its 2019 guidance…
“# Dogecoin jumps 44% in one day as traders rotate Shiba Inu profits into DOGE ” Dogecoin (DOGE) soared on Oct. 28 amid massive capital rotations out of its top meme coin rival Shiba Inu’s (SHIB) market. Notably, the DOGE price rallied by a little over 44% to reach its intraday high of $0.3449. Its…
“# Helium partners with Dish Network to expand its crypto-based distributed 5G platform ” The ultimate goal of any cryptocurrency project is to achieve widespread adoption by offering a use case that offers real-world value that can be applied in every home across the globe. Thanks to its user-run wireless network, Helium, a 5G Internet-of-Things-focused…
“# Ampleforth integrates with Avalanche to introduce stablecoin alternative ” Fragments Inc, the team responsible for the development of the Ampleforth Protocol, has announced that the protocol will be integrated into popular blockchain Avalanche to facilitate the introduction of unit-of-account denomination model AMPL. AMPL is an algorithmic computer programming language that holds promise as a…