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“# Kraken to delist Monero for UK customers by the end of November ” In an email quoted by Reddit users, Kraken, the world’s eight largest cryptocurrency exchange by trading volume, announced it would be delisting privacy coin Monero (XMR) in compliance with regulations in the United Kingdom. The platform will cease all XMR trading…
“# ‘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,…
“# Acala wins first Polkadot parachain auction with over 32M DOT staked ” On Thursday morning, Acala, a decentralized finance (DeFi) protocol operating on the Polkadot (DOT) network, announced it had won the first-ever Polkadot parachain auction. Acala raised a total of 32.5 million DOT, worth roughly $1.28 billion, from 24,934 contributors via an initial coin…
“# $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,…
“# Cointelegraph Consulting: Is OpenSea an undervalued NFT marketplace? ” Without a doubt, 2021 has been a momentous year for nonfungible tokens (NFT). The nascent market has seen unprecedented growth as sales volume from January to date nears $10 billion — a 14,500% surge from 2020. The NFT marketplace OpenSea is responsible for processing a…
“# Boson Protocol seeks to blend physical and digital marketplaces in the Metaverse ” Boson Protocol is a decentralized commerce protocol that seeks to enable the sale of physical goods, services and experiences in the Metaverse as nonfungible tokens (NFTs), and hopes to provide an infrastructure layer for exchanging assets of non-monetary value. For example,…
“#‘DogPhone’ claims to trail blaze the ‘Dog Internet’” Humans have taken a potentially huge step in bringing the internet to man’s best friend. Introducing the DogPhone, a collaboration of University of Glasgow’s Dr. Ilyena Hirskyj-Douglas and her 10-year-old Labrador Zack. The device represents a pioneering dog-to-human video call device prototype — and an extremely adorable…
“# 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…
“# KuCoin Labs Launches $100 Million Venture Capital Fund To Empower Early-Stage Metaverse Projects ” KuCoin Labs, the company behind the world’s sixth-largest cryptocurrency exchange by trading volume with more than 500 crypto assets listed, announced on Wednesday that it would be launching a $100 million metaverse fund for early-stage projects. The money is also…
“# 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…