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Pocket Network Brings Professional Decentralized Infrastructure to Polygon
Polygon announced another partnership, this time with Pocket Network, that will result in a new decentralized infrastructure in the ecosystem. The partnership will bring a fully decentralized way to service API requests in the Polygon network.
In this way, protecting users’ data will be easier, too. The Pocket Network middleware protocol is blockchain agnostic and can even result in more interoperability in the Polygon ecosystem. The main outcome of this partnership will be a reduction in infrastructure costs in Polygon. Read More
Vitalik Buterin highlights what’s holding DeFi back from realizing full potential
The latest blog post from Ethereum co-founder Vitalik Buterin focuses on the governance system in DeFi applications. He published a blog post titled “Moving beyond coin voting governance” with solutions for helping the DeFi industry grow faster and better.
Decentralized governance is the main focal point of his latest blog post. It’s the latest concept in the blockchain industry, especially in the DeFi sector that wants to give back control of every aspect to the final users. Vitalik talks about DeGov as the new solution for helping the DeFi sector improve faster. Read More
Dev pulls off white hat hack after identifying critical vulnerability in SushiSwap’s MISO
The blockchain developer, @samczsum tweeted about a white hack attempt to check vulnerability issues in MISO and stopped it today. He tweeted about the process and the reason for testing the vulnerability.
The full record is now available in the paradigm blog, seriously pointing at there should be more checking before combining components in the blockchain products, especially DeFi platforms.
MISO is the launchpad in the SushiSwap ecosystem that helps new teams launch their IDO or other initiatives easier and faster. The vulnerability could help hackers exploit projects if samczsum didn’t test and report it. Read More
Supply Chain Blockchain for Automotive Market to Witness an Outstanding Growth During 2021- 2026
The report on Supply Chain Blockchain for Automotive market contains a thorough assessment of the various aspects that shape the industry growth in the upcoming years. Moreover, it includes an in-depth analysis of the geographical segmentation as well as the competitive landscape. Furthermore, the document offers insights regarding the challenges that are likely to be faced by the industry along with key opportunities that will steer the growth in existing and untapped markets during the forecast period. Read More
Data: Blockchain-based gaming booms with help from Axie Infinity, outpacing NFTs, DeFi
Blockchain-based gaming is being adopted at an increasingly rapid rate, new data suggests, even as the popularity for other applications such as non-gaming tokens and decentralized finance (DeFi) show signs of wear.
According to the most recent Blockchain Game Report from the Blockchain Game Alliance (BGA), over 804,000 unique active users connected to blockchain-based games in July. The trend indicates that while the novel industry is in the throes of speculative activity that’s driving up volatility, the gaming segment is quickly growing its user network. Read More
Polygon will create a decentralized autonomous organization
Ethereum scalability infrastructure developer Polygon said it will form a decentralized autonomous organization, or DAO, for all of its community members, as well as projects in decentralized finance, or DeFi.
In a Thursday announcement, Polygon called on its members to express their views on the platform forming a DAO. According to Polygon, it plans to create committees to promote discussion between projects including QuickSwap, Sushi Aave, and others to “bring DeFi to the next million users.” Read More
All Binance users are now subject to immediate KYC verification
The crypto exchange will limit services for existing users unless they adhere to the new KYC and AML requirements.
Binance has been in the regulatory cross-hairs of jurisdictions across the globe amid claims of it operating unlicensed businesses. As remediation of the ongoing scrutiny, the crypto exchange has publicly announced new Know Your Customer (KYC) requirements for all users on the platform.
“Effective immediately, all new users are required to complete Intermediate Verification to access Binance products and service offerings, including cryptocurrency deposits, trades, and withdrawals,” a statement said. Read More
What About Altcoins? Surprising Results
Last year, we saw governments across the globe dole out billions of dollars to their citizens in an attempt to offset some of the economic impacts of the pandemic lockdowns. While that money was intended for food and rent, some of it managed to find its way into the crypto market.
This has led many to wonder just how big of an impact all those stimulus checks, otherwise labeled Economic Impact Payments (EIP), have had on the crypto market. The United States Federal Reserve has also been wondering the same thing, so they recently published a study with surprising results and even more surprising regulatory recommendations. Read More
When Influencers and Crypto Meet: the Rise of the Tokenized Attention Economy
Starting in 2010, social-media influencers demonstrated how entrepreneurs could be born overnight by leveraging the reach enabled by YouTube, Instagram, and other online platforms. In many ways, these social-media mavens brought about the first wave of the internet’s democratization. Gone are the days when household-name celebrities were the only people with a voice and a platform.
As users on Instagram and Facebook started chipping away at the pre-existing information monopoly of online news and content, we saw the growth of a whole new generation of millionaires being created who controlled their career trajectory entirely on their own terms. The social media influencer as a profession, and as a new niche in journalism, had arrived. Now, anyone can be the next Anderson Cooper or Kim Kardashian. The spectrum of personalities and niche areas of expertise from which to find an audience is near-infinite. Read More
Crypto Adoption: Mark Cuban Selects Next Digital Payment Option for Dallas Mavericks Fans
Dallas Mavericks fans now have a new crypto option to purchase team merchandise with.
Supporters of the professional basketball organization can now use Litecoin (LTC) for online store purchases, according to Mark Cuban, the billionaire owner of the franchise. Read More
British Lloyds Banking Group Recruits Digital Cryptocurrency Experts
British retail banking giant Lloyds Banking Group is seeking for hiring digital cryptocurrency experts.
According to BYP Network recruitment information, Lloyd’s Banking Group aims to find qualified candidates for a “digital currency and innovation senior manager”, who should be familiar with financial technology services and the current market and have a specific in-depth understanding of cryptocurrency and related technologies. Read More
Novi Digital Wallet Ready to Show on the Market, Facebook’s David Marcus Says
In a blog post published on Medium.com on August 18, David Marcus, the head of Facebook Financial, wrote that the Novi wallet is set to be integrated into the Facebook app. Marcus expressed confidence in Novi’s ability to succeed despite facing more than two years of regulatory hurdles.
"Novi is ready to come to market. It’s regulated, and we’re confident in our operational ability to exceed the high standards of compliance that will be demanded of us." Read More
PayPal launches crypto services for UK customers
PayPal customers with verified identities will soon have access to crypto trading. However, crypto transactions for PayPal business accounts aren’t yet supported.
Beginning this week, residents of the United Kingdom will be able to buy, hold and sell cryptocurrencies through PayPal for the first time — marking a significant milestone for a company that began offering digital asset services less than a year ago. Read More
More Than 70,000 ETH Has Now Been Burned By EIP-1559
The Ethereum network has removed $221 million from circulation since an update that changed the way miners are rewarded came into force.
On August 5, Ethereum developers implemented a change to the network that burns gas fees instead of handing them to miners.
$221 million worth of ETH has already been burned since that change.
Staking on ETH 2.0 surpassed 7 million ETH today. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
