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What Does ETH 2.0 Imply for the DeFi World?
With its ETH 2.0 upgrade, also known as Ethereum Serenity, Ethereum is on its way to changing the decentralized financial sector (DeFi), bringing improved network scalability, security, and a better overall user experience.
The upgrade, which is set to be live in 2022, still has a long way to go before it is fully integrated into DeFi.
Ethereum: The Trailblazer of the DeFi Market - With over 230 DeFi projects listed and over 200 built on it, the Ethereum Network is home to the most significant and most potent decentralized financial projects.
Ethereum is a development leader in the blockchain sector, with a decentralized and programmable platform that can be used to create anything, including stablecoin projects like USDT, virtual reality worlds like Decentraland, and decentralized exchanges like SushiSwap. Read More
Interested in a Career in Cryptocurrency? Know-How to Build Career in Blockchain, Crypto, NFTs
Blockchain is a revolutionary technology that is popularly known as the backbone of digital cryptocurrencies, which have been generating incredible hype in the last decade. So what exactly is blockchain and how can you build a career around it?
Just like you need not know what propels a car forward to drive it, you don’t have to know the blockchain process to use it. But learning about blockchain and getting a grasp on its basics is not only a good thought, but it can also enhance your chances of starting your career in blockchain technology. Read More
Coinbase Acquisition Of BRD Wallet Hints At Upcoming Web3 Integrations
Crypto exchange and blockchain services firm Coinbase has acquired BRD Wallet, a free and open-source crypto wallet platform.
With the acquisition, the BRD team will be joining in the Coinbase Wallet, contributing to the development of self-custody protocols and Web3 integration. This latest acquisition from Coinbase follows a series of acquisitions that would prove to become pivotal as the mainstream exchange delves further into new implementations of blockchain-based technologies, alongside the improvement of its custodial services.
Coinbase has also acquired Indian machine learning and natural language processing advertisement platform Agara, blockchain infrastructure platform-as-a-service Bison Trails, and blockchain analytics firm Skew. Coinbase has also acquired Zabo, a team developing wallet interoperability protocols.
“We want to thank our loyal and dedicated users who have helped grow our community to over 10M customers around the world. We consider ourselves lucky to have played a role in mainstream cryptocurrency adoption and have thoroughly enjoyed interacting with our user community and dedicated fans.” BRD shared in a statement. Read More
Blockchain analytics service Nansen to incorporate DeFi protocol Arbitrum
Arbitrum is currently the ninth-ranked DeFi chain with $2.38 billion in total value locked.
Blockchain data provider Nansen has announced the upcoming integration of the Arbitrum network to enable its global users, both retail and institutional-grade, to identify emerging trends in the decentralized finance (DeFi) market.
Technical charts and quantitative data will be accessible to view within a bespoke Arbitrum dashboard, akin to the more than 100 million data points across Ethereum, Polygon, and Binance Smart Chain, among others.
One of Nansen’s tools is Smart Money, a function that tracks the wallet addresses of hedge funds, institutional investments, and whales, collating their activity into a visual graphic that enables users to determine technical patterns.
Other features of the platform include nonfungible token (NFT) Paradise and Mint Master, which provide insights into the burgeoning NFT trends before they hit the mainstream. Read More
Elrond has combined the scarcity of Bitcoin, the programmability of Ethereum, and the speed of next-generation cryptos, like Solana, to create a cryptocurrency network unlike any other. Elrond is a platform built for internet-scale and capable of processing thousands of transactions per second at $0.001 per transaction, and able to scale to hundreds of thousands with demand.
Elrond’s distinction is being a project with a soul. One that has united forces of an incredibly vibrant community of 190,000 people, spanning 18 languages and in almost 30 countries. Elrond aims to create the backbone for high bandwidth, transparent financial system, and extending universal access to anyone, anywhere.
Elrond’s egold (EGLD) native token has exploded in value over the last year and seems to be poised for more gains. The Blockchain project has been considered under the radar and received very little crypto media exposure until now. Read More
Powers On… Why aren’t more law schools teaching blockchain, DeFi, and NFTs?
To counsel clients involved in the DeFi space, wouldn’t you want a lawyer with the technological literacy to understand blockchain and the legal issues surrounding it?
It is clear there is a growing need for lawyers here and abroad to understand these possible legal issues and jurisdictions. It is, or should be, obvious that the best lawyers are those who can counsel their clients from a sophisticated understanding of the area of business in which their clients operate. To counsel clients involved in the DeFi space, wouldn’t you want a lawyer with the technological literacy to understand blockchain and the legal issues surrounding it? And perhaps one with education or experience in finance or accounting, rather than one who studied philosophy or chemistry in college? As the many uses of NFTs explode, shouldn’t your lawyer have a good handle on the IP laws and artistic rights associated with the proposed NFT? Read More
Platform rebuilds blockchain gaming with a full-scale game including lore and backstories
New blockchain games prove the technology’s ability to demonstrate accountability, providing fairness and exciting gameplay for all players.
As it currently stands, the gaming world is set up so that distrust is common among enthusiasts with concerns around the management of in-game assets. With the economy growing quicker than ever before, players have had a seemingly difficult time verifying the scarcity of their assets or guaranteeing real ownership, not to mention the concerns around the technology being registered and monitored via a secure system.
Among other benefits, blockchain has proven to help many industries that once lacked accountability. The technology itself facilitates transactions that are immutable or unchangeable between two strangers on the internet. In practice, this feature can prove fairness to all players through the scarcity of in-game assets, including nonfungible tokens (NFTs), by revealing the actual amount available and the changes in receiving the item.
Night Life Crypto addresses this with the development and future release of its flagship game, with what members of their team share as, “a full-scale game including lore and backstories that could very well become a novel.”
“High-quality graphics, ultra-fun gameplay, and multiple ways to earn NLIFE (one of which doesn’t even require playing the game.)” A feature that the team says “has never been seen before in crypto.” Read More
Cardano Founder Addresses Liquidity Concerns Over eToro Delisting
Hoskinson started out by explaining that he actually had no idea about the delisting because IOG, the developer arm which is mostly involved with, did not handle listings. In the 13-minute video posted to Twitter, he clarified that there were actually no liquidity problems with Cardano, which was not a factor in the delisting.
Turning to the regulatory concerns, the Cardano founder addressed the current global regulatory climate around crypto and pointed out that the consequences of this were “a systemic lack of clarity. Since there are no global regulatory standards, then usually, it is up to countries, states, and even organizations on how they handle matters concerning cryptocurrencies. Read More
WAX Builds the Largest Cross-Blockchain Ecosystem for NFTS, Gaming, and GameFi With Binance
WAX, (Worldwide Asset eXchange), co-founder William Quigley has a vision for the future. One in which an NFT bridge – built by the company – would enable blockchain and NFT marketplaces to thrive despite their different chain types.
Quigley’s vision took a giant leap forward recently as the company announced the launch of its GameFi project, ‘Blockchain Brawlers’, that enables users to transfer NFTs used in the game interchangeably between Binance Smart Chain and WAX blockchain through the NFT bridge developed by WAX.
“The NFT bridge built by WAX can build a future we envision, in which blockchain and NFT marketplaces are accessible to everyone regardless of the chain types,” said William Quigley, co-founder of WAX. 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 any other advice.
