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“# Cosmos launches Stargate, paving the way for interoperable DeFi applications ” After months of development, the Cosmos (ATOM) project has launched the Stargate update, which includes the highly anticipated Inter-Blockchain Communication protocol, or IBC. Announced on Thursday, the Stargate upgrade includes a series of improvements to the Cosmos protocol and its Software Development Kit….
“# Enterprise blockchain of today: While some fail, others show potential value ” While the price of Bitcoin (BTC) continues to reach record-breaking all-time highs, the hype around enterprise blockchain adoption may seem like it’s dwindling. Enterprise blockchain started gaining traction in 2017 when Bitcoin’s price hit a high of nearly $20,000. It was during…
“# Israeli digital securities exchange gets preliminary green light from regulators ” An Israeli start-up that aims to establish a digital ledger technology-based digital securities exchange in the country has received its first, encouraging go-ahead from the Israel Securities Authority. In an application letter filed with the regulator on Feb. 14, Simetria had sought the ISA’s…
“# Spiderman NFT sells for 12.75 ETH as Marvel comic artists land on Ethereum ” A unique Spiderman drawing by Marvel comics artist Adam Kubert has sold for 12.75 Ether (ETH) ($25,000) after being turned into a non-fungible token on the Ethereum blockchain. Kubert’s piece is one of 25 unique artworks expected to be launched as…
“# US crypto exchange suspends XRP trading in light of SEC lawsuit ” A major United States-based cryptocurrency exchange has halted all XRP trading on its platform in the wake of the Securities and Exchange Commission’s ongoing lawsuit against Ripple Labs. The PayBito exchange, which processed $1.1 billion worth of trades in 24 hours leading up…
“# Finance Redefined: One hack to bring down a whole market, Feb 10–17 ” Finance Redefined is Cointelegraph’s DeFi-centric newsletter, delivered to subscribers every Wednesday. The Alpha Homora and Cream Finance hack has made a gigantic mark in the DeFi space this week. It is the largest single hack in DeFi history at $37 million…
“# Europe’s most successful soccer club just got a cryptocurrency sponsor ” The normalization of cryptocurrency advertising took another leap forward this week as Europe’s most successful soccer club announced a partnership with a Turkish Bitcoin (BTC) trading platform. Rangers Football Club, Europe’s most trophy-laden team with 115 competition wins to its name, will partner…
“# Nigeria and South East Asia led global crypto adoption in 2020 ” Data published by statistics firm Statista has revealed Nigeria is the leading country per capita for Bitcoin and cryptocurrency adoption, with nearly one in three survey respondents indicating they used or owned crypto assets in 2020. According to the survey, the pre-existing…
“# Top 3 DeFi lending protocols exceed $20B in deposits ” There has been no slowdown in the amount of collateral pouring into the leading decentralized finance protocols this year. DeFi’s leading three lending protocols have amassed approximately $20 billion according to Dune Analytics. A Messari research report into valuing these platforms suggests they’re on…
“# DeFi aggregator growth ‘set to dwarf 2020’s volume’ ” Decentralized finance aggregators are growing in popularity in 2021 as the embryonic industry continues to expand. Delphi Digital analyst Ashwath Balakrishnan has observed that year-to-date growth for DeFi aggregators puts the sector on track to dwarf 2020’s figures. The researcher noted 1inch, Matcha, and Paraswap…