“Cardano is going to follow the path we’ve seen from chains other than Ethereum,” said Matovu. “Step by step other alternative chains pop up, and what we’ve seen is that a few teams build key protocols and then the ecosystem pops up around them.” Source
Is the XRP Army ready to storm Ethereum? Announced Friday, Wrapped XRP (wXRP), a digital asset backed 1:1 by XRP, will make the cross-chain jump into Ethereum-based decentralized finance (DeFi) starting in December, courtesy of Wrapped and Hong Kong-based crypto custodian Hex Trust. The new connectivity for XRP holders will allow access to various DeFi applications, whether that’s lending and borrowing, or for use in automated market makers (AMMs), said Mason Borda, CEO of Tokensoft, the driving force behind Wrapped. Making XRP DeFi-compatible in the form of wXRP is a…
MicroStrategy has been bullish from the start evidenced by its bitcoin purchases. The firm owns over 110 bitcoins and has deepened its crypto bet at various times during the past year. The tech firm has continuously raised money at various points to purchase more BTC to add to its balance sheet and there is no sign of stopping anytime soon according to CEO Michael Saylor. Saylor has, numerous times, reiterated the company’s bullish stance on BTC. The CEO himself is a bitcoin maximalist with a personal and corporate stake in…
Two blockchain entrepreneurs have launched a new cryptocurrency fund designed to bootstrap promising Web 3 startups, sending a strong signal that venture capital is eyeing the next builders of the decentralized internet. On Friday, Kevin Chou and Mahesh Vellanki unveiled SuperLayer, a crypto venture studio building Web 3 projects directly on the Rally network, a crypto-social platform that lets creators and artists launch their own digital currencies. The venture studio will launch projects in-house before recruiting product managers to further develop the business. Notably, SuperLayer has received backing from big-name…
On October 29, the total value locked (TVL) in decentralized finance (defi) protocols is around $243 billion with Curve capturing 7.76% of the dominance. Meanwhile, as ethereum has the largest dominance of TVL in defi, a number of alternative blockchains are seeing significant increases every week. Moreover, the TVL in cross-chain bridge technology has reached $22.48 billion, up 48.8% over the last month. Defi Total Value Locked Hovers Above $240 Billion — Avalanche, Fantom, Polygon, Tron, Arbitrum TVLs in Defi Increase The total value locked in decentralized finance apps has…
The promise of a longer and healthier life has dominated both cultural and medical discourse for centuries. From the first accounts of Nicolas Flamel’s philosopher’s stone granting immortality to the latest superfood that promised to reverse aging, we are captivated by the idea of a longer and more vibrant life. Encouragingly, the longevity sector has proven that a longer and healthier lifespan isn’t just a magazine headline — it is an attainable reality. Humans will not only live longer but will have more active, healthy and engaged years on this…
Nystrom explains that he expects Meta to build “moats” around the metaverse, creating digital walled gardens, so that the holding company and its family of networks (for example, Facebook) have the ability to make money off it. Digital worlds like Sandbox and Decentraland, by contrast, will allow developers and gamers to make money for themselves. Source
In case you were wondering whether to buy, sell or hang on to it, according to Finder.com’s panel of 50 fintech specialists, Ethereum is expected to reach a new all time high and reach the US$5,114 mark by the end of this year. That is roughly a 25% increase from its current price. The panel also predicts that by 2025, ETH’s price will jump to $15,364 and tripling to $50,788 by the end of 2030. Is this the perfect time to buy? 63% of panelists says it is, while 28%…
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Ubisoft, one of the world’s largest video gaming organizations — responsible for creating popular franchise games such as Assassin’s Creed, Far Cry, and For Honor — hosted their Q2 earnings call this week, where blockchain was a key topic of discussion. Alongside reporting a 15% increase of unique active players in the first half of the year compared to 2020, and that Assassin’s Creed Valhalla has become the second most profitable game in the companies history, the French firm’s CEO, Yves Guillemot also expressed intentions for investment and adoption of…