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Protocol Labs Wants to Help Clean Up Crypto's Environmental Image Problem
A consortium of crypto industry projects is looking to change the narrative on cryptocurrency's impact on the environment.
One of the reputational issues that continues to dog the crypto industry is the perception that mining new cryptocurrencies like Bitcoin is bad for the environment and a contributing factor in climate change. To help address some of those concerns, Protocol Labs, the company behind Filecoin, announced today that it has joined the Crypto Climate Accord.
According to a 2021 report by Digiconomist, the amount of energy used to mine Bitcoin rivals the amount needed to power the entire country of Poland for a year. The watchdog group also claims that combined, Bitcoin and Ethereum mining consumes more energy annually than Iran, South Africa, and Australia. Read More
Meet The First Ever Polygon Ecosystem Index Token
Polygon continues to be a substantial force in DeFi. The protocol’s ease of use and lower fees have been major draws for developers, leading to a wide variety of new projects coming to life on the platform.
Meanwhile, the folks over at Amun Tokens are working on DeFi index tokens left and right. In June, the platform announced the launch of two index tokens, $DFI and $DMX, engaged in the Ethereum ecosystem. Given Polygon’s increased presence lately in DeFi, it was only a matter of time before the team at Amun unleashed a Polygon-based token as well.
That time has come, as Amun announced today their latest token headed to pre-sale: PECO. This token looks to encapsulate the best and brightest projects being built on Polygon. Read More
How Binance Is Addressing P2P 'Pain Points' in Africa's Crypto Boom
Binance Africa Director Emmanuel Babalola explains how the exchange is prioritizing trust, education, and security on its P2P platform.
“When we started out in P2P a few years ago, we looked at what the major pain points were in doing P2P as a form of buying crypto or selling crypto. And we identified a bunch of things, one of which is safety,” Babalola told Decrypt.
Accordingly, Binance focused on ensuring that its P2P offering was "a product that users can trust," and one that would prioritize "user protection, education, and security."
P2P platforms are attractive to users as they are free to use and are non-custodial; customers trade cash for cryptocurrency amongst themselves without the involvement of an intermediary. The funds are held in escrow accounts by the platform until payment clears, which can be through bank transfer, mobile payments, or a gift card. Read More
Games and NFTs the Driving Force Behind Dapps During Q3, According to Dappradar
Blockchain-based games and NFT trading were the driving force behind dapp adoption during Q3, according to defi insight platform Dappradar. In its Dapp Industry Report: Q3 2021 Overview, Dappradar states that the importance of these new activities in the crypto industry rose dramatically, making the space more diversified and competitive in the process. Defi also got a boost with platforms like Solana and Terra maturing to accommodate more projects. Read More
At Markethive, known as the ecosystem for entrepreneurs, we are building a flourishing economy. A world within a chaotic world but not of that world, upholding self-sovereignty, freedom of speech, and liberty.
Some platforms, specific to microblogging, video, or digital media, are rising in opposition to what big tech is doing to silence the people and cover up the blatant lies and nefarious activities. However, to be completely untouchable by the tech giants, platforms need to cut all ties by owning and installing their technology, giving them the sovereignty to broadcast and be of altruistic service to the world.
Users from all walks of life, influencers, marketers, business owners are looking for and migrating to more sovereign platforms to exercise their right to free speech along with the opportunity to improve their livelihood. Markethive is leading the way and can deliver a complete system where you will no longer have to rely on the monopolies for its services of any kind on any level. Read More
MoneyGram Partners With Ripple’s Competitor, Stellar — Will XRP Decline?
The news of MoneyGram and Stellar collaborating has immediately spread within the crypto space. MoneyGram’s previous partner, Ripple, already felt its effect. XRP, Ripple’s native token, is trying to break through but the aforementioned collaboration is affecting it greatly.
In detail, MoneyGram is one of the world’s largest money transfer service providers. It recently partnered with Stellar Development Foundation, the non-profit organization that powers the Stellar blockchain. This partnership, particularly, will enable Stellar’s integration into MoneyGram using USDC — a stablecoin that Coinbase and Circle govern.
Commenting on the collaboration, MoneyGram CEO — Alex Holmes, says,
We’re enabling consumers to bridge crypto assets and fiat currency and we think that we can be a pioneer and a leader in that opportunity. Read More
DeFi picks up the pace as alternate blockchains and NFTs boom
On the back of the incredible crypto market recovery and the boom in NFT markets, the DeFi market has grown 18% in October.
Cointelegraph discussed the rapid expansion of the DeFi markets with Johnny Lyu, the CEO of crypto exchange KuCoin. He explained:
“The popularity of the DeFi market is growing as more people are starting to understand that a smart contract can be a worthy alternative to a traditional loan or bank deposit. The amount of funds locked in DeFi reflects market adoption among private investors who are moving their money from the traditional financial system to the decentralized industry.”
While the DeFi sector's TVL has seen a bump from the massive price increase of various projects' native tokens, Lyu also attributes the growth to the attractive rates offered by DeFi platforms. Read More
Crypto and pension funds: Like oil and water, or maybe not?
Pension funds, the most cautious of institutional investors, are now giving the booming crypto and blockchain sector a closer look.
There are good reasons why pension funds should not invest in the crypto and blockchain space. The industry is too new, too volatile, and stultifyingly technical. Moreover, the rules and regulations to govern the sector have yet to be settled.
But the fixed-income financial instruments that pension funds typically favor — like long-term government bonds — are scarcely paying anything these days, so the traditional caretakers of employees’ retirement funds have a dilemma: Where to find investment yield in a world where inflation is looming?
It may not be entirely surprising, then, that pension funds — the most cautious of institutional investors — are now giving the booming crypto/blockchain sector a closer look. Read More
Dapper Labs Partners With Chainalysis to Curb NFT-Based Money Laundering
Dapper Labs, one of the most successful companies in the NFT space, has partnered with Chainalysis, a blockchain intelligence company, to increase its compliance profile in the NFT business. The company will use Chainalysis insights to have a better understanding of each one of the transactions that users make with their products and the purpose of each transaction. This will help them detect money laundering instances and market manipulation attempts. 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.
