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Cardano Plans To Showcase Tech Across African Continent After Ethiopia Deal
The director of African operations at Input Output (IOHK) unveils the team’s plan to showcase Cardano’s technological capabilities in Ethiopia and other nations across the continent.
In an interview with crypto YouTuber big pey, IOHK Director of African operations James O’Connor highlights Cardano (ADA) and the group’s plans for its digital identity infrastructure in Ethiopia. Read More
Litecoin Recap: Impressive Market Gains, Increased Network Activity, And More
Litecoin saw some significant announcements and developments in the previous week. From being available for purchase directly for Vast Bank customers to Litecoin shooting up by 21% in the previous week. Let’s look at some of the biggest stories.
While Litecoin has continued to grow, it has also faced significant criticism with regard to decentralization. Litecoin’s founder has also announced that he has sold most of his LTC in a bid to push for decentralization. LTC developers have been working to implement better privacy, and privacy features for several years but has made little or no progress. This has led to several LTC holders selling their share and invest in other currencies such as Solana, Polkadot, or Cardano. Read More
Solana Recap: From Becoming The 7th Largest Cryptocurrency To Murmurings Of A Bubble
Solana had an eventful week, during which it saw record interest in the cryptocurrency and solidified its position as the 7th-largest cryptocurrency in the world. Let’s take a look at some of the biggest updates about Solana over the past week. Read More
1inch Network sponsors crypto-themed animated NFT series
The series follows the exploits of a team of creatures attempting to get startup projects off the ground and will feature 1inch as a plot point in the first season.
In a Friday announcement, 1inch said it would be sponsoring the nonfungible token, or NFT, series Take My Muffin in addition to providing its technical expertise for the show and introducing team members to projects in the decentralized finance, or DeFi, space. The series follows the exploits of a team of creatures who attempt to get startup projects off the ground — with general wackiness and blockchain-based solutions aplenty — and is scheduled to be released in the first half of 2022. Read More
While the Markethive Social Market Network continues to work very closely with Cardano with its integration to the Cardano Blockchain, a lot is happening with the many other facets of Cardano and IOG to further establish their presence in this evolving world of technology. Its technology can assist in a new redistribution of power and give people greater freedom, bringing the world together with a more equitable landscape.
As we anticipate the imminent rollout of Markethive’s multifunction news feed interface, gamification platform, and migration to the Cardano blockchain, I will outline some of the amazing initiatives IOG has set into motion; with the announcement of a historical event and the recognition, Cardano has received of late. This is all wonderfully exciting news putting Cardano at the forefront as one of the fastest-growing, most stable, most mature, and systematic cryptocurrency projects. Read More
More Than 200,000 Ethereum Burned by EIP-1559
The Ethereum blockchain is burning up.
The amount of Ethereum burned by EIP-1559, a recently implemented upgrade that burns transaction fees that used to go to miners, has surpassed 200,000 ETH (about $675 million at the prices at which it was burned).
A total of 204,281.8 ETH has been burned, worth some $682 million, according to ethburned.info.
At current rates, about $1.2 million worth of ETH, or 300 ETH, gets burned each hour. So far, 4,877 ETH has been burned today. Yesterday, the network burned 10,675 ETH and on Friday it burned 13,839 ETH. Read More
How Can Projects Solve The ‘Token Not Needed’ Tokenomics Problem?
After the ICO craze, a lot of projects were closed and did not release any products or left their tokens abandoned. They raised money when they did not have a minimum viable product or didn’t attach issued cryptocurrency to the product economy properly. Though raising funds through a coin offering was an option even for teams with nothing but a website and a white paper.
Another problem also made investors look at this market with doubt - the US Securities and Exchange Commission (SEC) classifies most tokens as securities - many projects were banned for violating current laws. According to most regulations, sold tokens from day-zero should be equipped with some well-defined utility. Read More
Crypto exchange FTX launches NFT marketplace for US-based customers
After witnessing the parabolic growth of the nonfungible token (NFT) ecosystem since the turn of the year, the popular cryptocurrency exchange FTX has become the latest crypto platform to announce the launch of a native NFT marketplace.
Exclusive for United States-based customers, the platform will enable users to mint, buy and sell NFTs — all traded cross-chain across the Ethereum and Solana blockchains. Deposits and withdrawals are also expected to be launched in the coming weeks, opening up the capability of depositing external NFTs onto the platform. Read More
British Financial Regulator Lays Out 3 Ways to Rein in Cryptocurrencies
Charles Randell, Chair of the Financial Conduct Authority, lays out the risks of cryptocurrencies as well as three ways that regulators can keep investors safe.
Charles Randell, Chair of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), delivered an address at the Cambridge International Symposium on Economic Crime where he outlined the challenges and risks involved in regulating cryptocurrencies.
“These tokens have only been around for a few years, so we haven’t seen what will happen over a full financial cycle. We simply don’t know when or how this story will end, but—as with any new speculation—it may not end well,” he said today. Read More
Data Shows Crypto Hacks And Fraud In 2021 Are On Track For A New Record
Crypto hacks and scams are nothing new in the crypto space, but every time they happen, they still come as a shock to investors. Most especially the victims of these attacks. Bull markets always seem to come with an increased number of attacks. So with a bull market that has raged on for the better part of a year, 2021 has definitely had its fair share of attacks, despite just entering its ninth month of the year.
These attacks have accelerated with the recent crypto surge. Prices have been up across the board and it seems like this has been a cue for the attackers to ramp up their operations. This could be due in part to the high prices of the cryptocurrencies bringing much higher returns on their attacks. Whatever the case may be, attacks in 2021 have increased and data shows that the number this year will most likely surpass the record for last year. 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.
