x
Image Source: Pixabay
Taurus Completes Cardano Integration, Now Supports Staking
Taurus, a blockchain infrastructure and digital assets management firm operating with an institutional-grade platform, has successfully completed its integration with the Cardano blockchain.
The integration would mean that all the capabilities of the Cardano blockchain will be mirrored onto Taurus’ institutional-grade platform, with staking capabilities now supported into its chain. Cardano’s latest upgrade, the Alonzo hard fork, along with its updated features and performance, will be immediately available on the platform. Read More
Google Cloud Partners With Dapper Labs To Support Web3 Development On The Flow Blockchain
Technology firm Google has recently confirmed its partnership with Canadian blockchain studio Dapper Labs. The partnership is aimed at helping support the development of new Web3 products and services, further popularizing NFTs and other decentralized services on an emerging standard for the worldwide web.
The partnership sees Google’s cloud infrastructure division, Google Cloud, serving as the licensed network operator for Dapper Labs’ Flow blockchain. Dapper Labs is known in the crypto industry as the blockchain development studio behind popular NFT products such as NBA Topshot and CryptoKitties. Read More
Africa’s crypto market has grown by more than 1,200% since 2020: Chainalysis
P2P platforms, the need for remittances to circumvent restrictions from banks, and putting savings into crypto as a means of avoiding inflation could have contributed to the growing market in Africa.
In a report released on Tuesday, Chainalysis said Africa’s crypto market increased in value by more than 1,200% between July 2020 and June 2021, with high adoption in Kenya, South Africa, Nigeria, and Tanzania. The company added that the popularity of P2P platforms could have been one of the driving factors toward greater crypto adoption in the region, given some countries have restricted or banned residents from sending money to exchanges through local banks. Read More
Why Ethereum needs better compatibility, explained
Nearly all significant real-world use cases of cryptocurrency are DeFi use cases.
Ethereum (ETH) is arguably the real star of the blockchain world, and even as Bitcoin (BTC) continues its extended bull run, ETH has also continued to prosper.
According to a July Consensys report, there are now 161 million unique Ethereum addresses, a 10% increase from the end of Q1 2021, and the Total Value Locked (TVL) of ETH’s proof-of-stake ecosystem reached $146 billion in August.
The crypto world owes a debt of thanks to ETH for bringing us smart contract functionality, which made Decentralized Finance (DeFi) use cases possible. Read More
DeFi (Decentralized Finance) is a term used to cover various components and activities, including Decentralized crypto Exchanges or DEXs which are at the cutting edge of DEFI. The rapidly evolving market of the DEX allows peer-to-peer cryptocurrency transactions without the need for an intermediary.
DeFi is a system by which financial products become available on a public decentralized blockchain network. That makes them open to anyone to use, rather than going through middlemen like banks, brokerages, and even centralized crypto exchanges.
Unlike the legacy financial institutions and centralized crypto exchanges (CEXs), the KYC/AML (Know Your Customer and Anti-Money Laundering) protocol. These are usually government-issued ID, Social Security number, or proof of address. They are not necessary with the DeFi protocol and are welcomed by those concerned about their privacy and who cannot access valid documents.
More specifically, DeFi operates in a decentralized environment on public and permissionless blockchains, making it possible for buyers, sellers, lenders, and borrowers to interact peer to peer and use services encoded into open-source software protocols and smart contracts rather than a company or institution facilitating a transaction. Read More
Ethereum's Infura Releases Tool to Prevent Overpayment of Transaction Fees
EIP-1559 usually has you covered. But Infura has a new product for when network congestion surges.
A code change to the Ethereum blockchain that was enacted last month, called EIP-1559, was designed to prevent people from paying more than they had to in transaction costs.
Except, it doesn't always do that—not when the network is at peak usage levels thanks to an onslaught of NFT bids and DeFi swaps.
Infura, a "cloud-hosted node network" that many projects use to connect to the Ethereum blockchain, has launched a new tool meant to cover those instances not already covered by EIP-1559: Infura Transactions. (Disclosure: Infura, like Decrypt, receives funding from ConsenSys.) Read More
Coinbase applies to trade crypto futures
If Coinbase gets approval from the National Futures Association, it will then need to register with the Commodity Futures Trading Commission to get the green light.
Details are sparse, but according to the NFA website, the pending application was submitted on Wednesday under the name “Coinbase Global Inc.”
Coinbase highlighted the move via Twitter on Thursday and stated that “this is the next step to broaden our offerings and offer futures and derivatives trading on our platforms. Goal: Further grow the crypto economy.”
If Coinbase becomes an approved FCM member under the NFA, the firm will then need to register with the U.S. derivatives regulator, the Commodity Futures Trading Commission, to get the green light. Read More
Can A Country Actually Ban Bitcoin?
Concerns that a country could impose an outright ban on Bitcoin have spanned more than a decade, but it's becoming less likely over time.
Since the earliest days of Bitcoin, there have been concerns that it's only a matter of time until the cryptocurrency is banned by governments around the world.
For one thing, Bitcoin is often cited as being a threat to traditional monetary systems, with the potential to undermine the control of central banks over the money supply. There are also concerns that Bitcoin facilitates drug trafficking, money laundering, and ransomware, due to its pseudo-anonymous nature.
But whether or not it's actually possible for governments to ban Bitcoin can vary from region to region. Read More
Cardano Successfully Applies Alonzo Hard Fork; Adds Smart Contract Capabilities to Its Blockchain
Cardano, the third cryptocurrency ranked by market cap, has successfully applied the “Alonzo” hard fork, adding smart contract capabilities to its functionality. The update, that had been deployed in testnet days ago, finally was incorporated in mainnet yesterday. Cardano is now looking to deploy defi apps, and there are already several parties working on widening the Cardano ecosystem in that regard. 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.
