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“# Fei Protocol genesis locks up $1 billion in ETH, but LPs could face losses ” The launch of Ethereum-backed stablecoin called Fei has locked up almost a billion dollars’ worth of ETH during its genesis event. But the launch hasn’t gone entirely as planned for some of its liquidity providers. The protocol, which launched…
“# ReDeFining growth: Innovative trends impact evolution of blockchain tech ” Over the last year, the decentralized finance space has been making waves in the financial sector, building on blockchain technology to decentralize a multitude of banking services. The adoption of DeFi services has been steadily on the rise, and all kinds of assets are…
“# WEF report suggests women underrepresented in blockchain, points to solutions ” The COVID-19 pandemic has impacted people across the world, yet a new report from the World Economic Forum suggests that women have been one of the hardest hit gender groups. WEF’s “Global Gender Gap Report 2021” found that the pandemic has pushed back…
“# DeFi-ing the odds: Why DeFi could rebuild trust in financial services ” To function effectively, society has long depended on people having faith in their institutions. Thanks to the COVID-19 pandemic and wide-ranging failures of leadership, that faith has been tested like never before. Nowhere is the decline in trust more evident than in…
“# Blockchain-based renewable energy marketplaces gain traction in 2021 ” Concerns about energy production, resource consumption and its impact on the environment are one of the dominant topics of debate on the global stage. The intensive energy costs of mining Bitcoin and other proof-of-work cryptocurrencies are also frequently pointed to as a serious downside to…
“# Half a billion people just had their Facebook data leaked ” According to a security analyst, sensitive personal information for over half a billion Facebook users was leaked on a well-trafficked hacking forum earlier today — a potential risk to millions of cryptocurrency traders and hodlers who now may be vulnerable to sim swapping…
“# NFTs ‘ten times better’ than traditional art, says Beeple’s $69M NFT buyer ” Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan. The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000 DAYS” for…
“# What you should know before buying or selling an NFT in the US ” Nonfungible tokens appear to be an idea whose time has come. Originally developed for use with collectible trading-card games, NFTs can represent almost any unique asset. Outside of the gamer context, the first NFT to gain widespread popularity was probably…
“# Chainlink releases native Substrate module to bring its oracles to Polkadot ” Polkadot and Chainlink have announced the release of Chainlink’s Price Feeds as a module, or “pallet” in Polkadot terminology, for the Substrate blockchain framework. The release means that any project building on the Substrate framework — which includes Polkadot and Kusama parachains,…
“# Ethereum’s return to all-time high accompanied by 77% rise in transaction fees ” Ether (ETH), the second largest cryptocurrency by market capitalization, returned to an all-time high on April 2 when the spot price for each unit of ETH exceeded $2,000. Meanwhile, the ominous spectre of Ethereum’s unwieldy transaction fees made itself felt once…