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“# Nervos debuts mainnet beta layer-two blockchain project ” Public blockchain platform Nervos Network has announced the mainnet beta launch of Godwoken. The layer-two blockchain protocol integrates Ethereum Virtual Machine capabilities and optimistic rollup mechanics to provide instant transaction finality and low fees within an Ethereum-like environment. Built upon the existing Nervos layer-one network, the…
“# Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar ” High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum Network co-creator Vitalik Buterin stated in reference to Bitcoin, “The ‘Internet of Money’ should not cost $0.05 per transaction….
“# Risk Harbor set to take over decentralized insurance protocol Ozone on Terra network ” Ethereum-based (ETH) decentralized finance, or DeFi, risk management marketplace Risk Harbor will soon take over control of Terra’s Ozone Protocol, according to a press release published on Thursday. Ozone is a decentralized insurance mechanism that provides coverage in the event…
“# Hawkish Fed comments and fears of stablecoin regulation spark market sell-off ” The bullish optimism seen earlier in the week was dialed back on Nov. 4 after recent comments from U.S. Federal Reserve Chairman Jerome Powell confirmed that the central bank would soon start to taper its monetary policy of easing and bond buying. …
“# Bitcoin will peak at $253K, Ethereum at $22K this cycle if 2016 halving bull run repeats ” Bitcoin (BTC) may be over seven times higher than at its last halving, but if history repeats, that number could grow another 300% and more. As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the…
“# FTX-backed studio explains why Solana is better for game developers ” While the Ethereum blockchain has the community advantage, the competition with Solana is heating up thanks to the rise of blockchain-based play-to-earn games, which is now simply called GameFi. Founded by Scopely and Glu Mobile veterans, game developer and publisher Faraway announced that the…
“# Bitcoin retests support, with trader forecasting BTC price dip to $55K ” Bitcoin (BTC) denied bulls their big break on Nov. 4 as sideways action dragged the market ever closer to $60,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC hodlers in “buy the dip” mode Data from Cointelegraph Markets Pro and TradingView showed BTC/USD…
“# Friday’s $540M Ethereum options expiry favors traders with targets at $5K ” Ether (ETH) bulls are probably very pleased with the 368% gains accrued so far in 2021 and it seems like not a day passes where the altcoin doesn’t hit a new all-time high. Even with Ether on the path to $5,000, there…
“# wXRP to launch on the Ethereum blockchain in December ” If all goes to plan, Wrapped XRP (wXRP) will be coming to the Ethereum (ETH) blockchain next month, courtesy of Wrapped.com. The move is meant to enable Ripple (XRP) holders to interact with aspects of decentralized finance, or DeFi, such as executing smart contracts…
“# Bitcoin reverses Tuesday gains, while Solana joins Ethereum in fresh all-time highs ” Bitcoin (BTC) fell to 24-hour lows before Wall Street’s open on Nov. 3 as a previous bull run halted at $64,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price inches back toward $62,000 Data from Cointelegraph Markets Pro and TradingView confirmed…