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Jerome Powell Is Wrong: Cryptocurrencies Were Made For Payments
During a Senate hearing last week, Federal Reserve Chairman Jerome Powell suggested: “With cryptocurrencies, it’s not that they didn't aspire to be a payment mechanism, it’s that they’ve completely failed to become one except for people who desire anonymity, of course, for whatever reason.”
Setting aside that distributed open ledgers like Bitcoin are pseudonymous rather than anonymous, providing greater transparency into transactions compared to the existing financial system, there are several reasons why Jerome Powell is wrong in saying that cryptocurrencies have failed as a payment mechanism. Read More
Blockchain Gaming Company Raises $12.5 Million
Blockchain gaming is enabling a play-to-earn arena that is fast becoming one of the biggest growth sectors in crypto. Yield Guild Games has just sold 25 million of its native YGG tokens, valued at around US$12.5 million, in only 31 seconds. Read More
AS Roma Signs €36 Million Deal With Blockchain Fintech Zytara Labs
AS Roma has announced an extensive €36 million deal with blockchain company Zytara Labs. The deal takes the form of a three-year partnership and includes match shirt sponsorship, NFT collectibles, and a greater fan/club interaction. Read More
Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors
Mutual funds provider ProFunds aims to enable crypto exposure for investors without actually buying Bitcoin.
The United States-based investment management firm ProFunds announced the launch of Bitcoin Strategy ProFund (BTCFX), one of the first publicly available mutual funds or exchange-traded funds (ETF) that performs in parallel with Bitcoin (BTC). ProFunds provides an alternative to the traditional methods of holding cryptocurrencies via wallets or crypto exchanges with this service. Read More
PayPal’s crypto ‘super app’ set to roll out soon
Dan Schulman said the project was already “code complete” and planned to be fully ramped in the United States in the next several months.
During PayPal’s Q2 2021 investor update call on Wednesday, CEO Dan Schulman said the initial version of the company’s super app wallet was “code complete.” The PayPal CEO said the company planned for the wallet to be fully ramped in the United States in the next several months. Read More
Waiting for Alonzo: Cardano smart contracts creep toward full launch
Smart contract deployment picks up the pace on Cardano’s testnets for the Alonzo, as project leadership says progress is still on track despite delays.
The Cardano network is in the watershed phase of its network development and upgrades. The ongoing phase of the protocol’s roadmap is the Goguen phase, bringing smart contracts to the network. This is the third phase of the roadmap after Byron and Shelley. The Goguen phase was split into three stages, Allegra, Mary, and Alonzo. Read More
Thorchain Mounts 36% Recovery After Last Week’s Multi-Million-Dollar Hack
After falling to a critical vulnerability last week, the native token behind Thorchain has since boomed by more than 30%.
July has been a volatile month for the multi-chain DeFi project Thorchain.
In the past two weeks, the project has fallen to two major hacks, which saw its native token, RUNE, fall from a local high of $7.61 down to below $4. Read More
Ethereum Trading Volume Growth Outpacing Bitcoin in 2021: Report
Interest in the network and its cryptocurrency has surged—especially from institutions, according to a recent Coinbase report.
Ethereum is outperforming other cryptocurrencies this year, a Coinbase report says.
Total exchange volume has shot up 1,461% to $1.4 trillion.
This is mainly down to institutions having more interest in decentralized finance, says the U.S.-based exchange. Read More
Markethive Taking Faucets To Another Level [HIVE]
Markethive Airdrops
Markethive is determined to take a large share of the new Market Network next-generation following the Social Network phenomena. That Market Network is defined as a platform that is integrated with a social network (like Facebook), SAAS tools (like GoToMeeting, ZOOM, and Google Apps) commerce platforms (like eBay, Freelancers, Coinbase, Alibaba).
Markethive has created its consumer coin, Hivecoin (HIVE), originally named MHV, as an instrument to their Ecosystem for Entrepreneurs. So Markethive will establish its niche as the only social (Market) Network with an infinity Airdrop and a system that rewards the users for using it with additional micropayments, otherwise known as a Faucet. Read More
What Is Cardano’s Alonzo Rollout and What Does It Mean for Ethereum?
Cardano's latest update will bring DeFi and Dapps to the cryptocurrency. For many, this upgrade positions the network as a low-fee, high-speed alternative to Ethereum.
Cardano was first set up in the same year as Ethereum.
However, its development has been slower, on account of its peer-reviewed implementation structure.
The latest Alonzo update brings Cardano in line with Ethereum, adding smart contract and DeFi capabilities. Read More
Robinhood Going Public With Big Crypto Plans: 5 Things to Know
Robinhood is going public on Thursday by means of an unusual IPO that is offering customers (and crypto fans) early access to its stock.
The popular stock and crypto buying app Robinhood will offer shares of a new company on Thursday—its own. The company is conducting an initial public offering (IPO), meaning anyone can invest in its stock. Read More
Bitrue Aims to Democratize Token Listing Rights by Opening Voting Power to Users
Digital asset exchange Bitrue is seeking to engage its user community directly by distributing decision-making power for adding new token projects after the listing team thoroughly vets them. Read More
Ripple and SBI Collaborate to Launch On-Demand Liquidity in Japan — XRP Surges
Ripple has launched its first On-Demand Liquidity (ODL) service implementation in Japan in partnership with SBI Remit, a large Japanese money transfer provider, and Philippine crypto exchange Coins.ph. Read More
Crypto Analyst Says Ethereum Following Cardano, Maps Potential Reversal Against Bitcoin
A top trader is mapping out Ethereum’s path ahead, predicting that the asset will follow in Cardano’s footsteps.
In a series of tweets, pseudonymous crypto trader Capo notes that Cardano (ADA) recently retraced against Bitcoin (BTC), indicating that a similar move could be in store for Ethereum (ETH), the second-largest asset by market cap. Read More
How Blockchain can Support ‘New World’ Supply Chain Management
Blockchain is a term that has become synonymous with several industries, and the supply chain management industry is one of them.
The development of blockchain technology is massive, and the World Economic Forum report suggests that by 2025 around 10% of total GDP will be stored on the blockchain.
One of the reasons for this immense growth is the superior functionality of blockchain and its simple implementation in various sectors. The existing freight industry functionalities are outdated and rigged with inefficiencies. Read More
Uniswap Inventor Hayden Adams and Two Others are Working on a New AMM for Large DeFi Trades
Uniswap inventor Hayden Adams and two others developers from crypto investing firm Paradigm, Dave White and Dan Robinson, are working on a new automated market maker (AMM) model to help decentralized exchanges (DEXes) on Ethereum execute large orders efficiently. 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.
