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Arrington XRP Capital Publishes ‘the League of Parachains’ of Polkadot
Venture capital firm Arrington XRP Capital has just published the league of Parachains of Polkadot. Specifically, the league of the Parachains mainly defines the astounding technical and philosophical foundations of the Polkadot project.
Of note, coming up with the update, Arrington XRP Capital precisely gave the news on Twitter. Right after the first post, Arrington XRP Capital came again with another separate tweet in reply to the first one. At this time, the company outlined three main purposes of the league of the Parachains wherein Polkadot will benefit from. Read More
Data shows parabolic-style growth in layer-two-based DeFi and DEX platforms
Layer-two-based DeFi and DEX platforms have seen an incredible surge in user activity, revenue, and total value locked since the launch of Arbitrum and Avalanche’s cross-chain bridge.
In the increasingly competitive landscape of blockchain technology and cryptocurrencies, protocol innovation and the ability to solve the biggest problems facing the crypto community are necessary for any project that looks to have long-term success in the ecosystem.
Recently, the emergence of layer-two technology such as Arbitrum, Optimism and a bridge to the Avalanche ecosystem is revolutionizing the way investors, builders, and developers interact with various protocols because each facilitates fast, low-cost transactions that improve the fundamentals of the decentralized finance (DeFi) ecosystem while also making it easier for retail-sized investors to capitalize on opportunities. Read More
13 of the Biggest NFT Marketplaces
With NFTs exploding in popularity—and price—we take a look at the marketplaces where you can buy and sell these unique digital art tokens.
Non-fungible tokens (NFTs) have been around for a few years now, but 2021 was the year they exploded into the public consciousness.
The cryptographically unique tokens represent a title of ownership over digital content such as art, music, or videos—but it's the digital art scene that lit a fire under the NFT market, with record-breaking sales such as Beeple's $69 million auction at Christie's grabbing headlines the world over. Read More
PayPal releases new consumer app for crypto, savings, and direct deposits
The app offers customers the ability to manage all PayPal-related transactions from a single dashboard.
According to a release issued on Tuesday, the new PayPal app will enable users to access all of the company’s digital financial products.
The new app covers both crypto and non-crypto use cases with a wallet tab to manage cryptocurrency payments and high yield savings.
Indeed, the PayPal announcement included a partnership with online bank Synchrony Bank to provide a high yield savings account via the new app.
As part of the announcement, the digital payments giant revealed that customers could receive up to 0.40% annual percentage yield on their savings with the new app. 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
New Crypto Aims to Solve 'Zimbabwe's Money Problems Using Blockchain Technology'
The Zimbabwean currency’s collapse in 2008 and record hyperinflation are widely seen as textbook examples of what can go wrong with a centralized currency. For instance, some cryptocurrency enthusiasts — as well as opponents of the fiat currency system in general — have routinely pointed to the Zimdollar’s collapse when arguing for an alternative monetary system.
In other instances, entrepreneurs like those behind Zimbocash, a decentralized currency, and payments platform for all Zimbabweans, have already launched such an alternative. They hope that this alternative to a central bank-issued fiat currency will demonstrate to all that sound money which enables people to save is still possible. Read More
NFTs could mark a resurgence in art galleries
Cointelegraph spoke to the founder of a London art gallery to discuss the cultural implications of welcoming NFTs into traditional art spaces.
A nascent art form emerging rapidly into the mainstream could hold promise for a resurgence throughout the sector. And that art form is, of course, nonfungible tokens (NFTs).
Founded upon principles of decentralization, verified provenance, and spatial autonomy, this community could well become the primary impetus behind the next generation of artistic showcasing.
These creatives inhabit a world where art is pixelated and frames are virtual, outliers and mavericks are embraced as the norm, and Punks are regarded as highly as Picassos. Read More
How Blockchain Oracles Power the World of DeFi
Bitcoin introduced us to decentralization. However, despite being decentralized in nature, blockchain and crypto somehow managed to adopt centralized mechanics. But maybe those days are over. Fast forward a decade, brilliant minds developed solutions that shift the gears further down the decentralized road. Smart contracts and blockchain led to the development of DeFi — Decentralized Finance.
Decentralization provides an environment that is not controlled by any single authority but a collective group of entities. This inherently applies a higher level of security and shifts the complete control of data from a centralized authority back to a number of trusted entities. Aside from this, one of the more important capabilities of decentralized finance is empowering people and businesses. Read More
Robinhood Testing New Crypto Wallet and Cryptocurrency Transfer Features: Report
Stock trading and investing app Robinhood has reportedly been testing new features, including a crypto wallet and cryptocurrency transfers. “The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.” 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.
