Day: November 13, 2021

The stablecoin boom won’t continue without decentralized interoperability

Stablecoins are the cornerstone of the digital asset marketplace with a market cap of over $100 billion. Governments are already putting considerable resources in being up to speed with the trends. A November 2021 report published by the United States President’s Working Group on Financial Markets details the various measures to ensure stablecoin regulation is implemented within government guidelines. A global central bank survey by the Bank for International Settlements (BIS) shows 86% of central banks are now actively engaged in some way with central bank digital currencies (CBDCs), a…

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South African Crypto Token Holders Concerned About Status of Funds, Unable to Withdraw as Promised – Emerging Markets Bitcoin News

A group of South African cryptocurrency investors have voiced concerns about the fate of their investment in the Fight to Fame (F2F token) after they reportedly were unable to withdraw their funds as promised. Token Sale Attracts Over 2,000 Applicants According to an IOL report, the investors had invested in a token that was promoted by Marius Fransman, a former regional leader of South Africa’s governing party, the ANC. Some media reports suggest Fransman’s company may have received over 2,000 applications from investors that include actors, writers, musicians, and directors…

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DeFi’s quest to reimagine finance must come from a community-based design

Crypto has seen a rise in novel uses of liquidity mining and rewards through protocols like Uniswap, Aave and Compound. More recently, a new crop of DeFi 2.0 protocols such as OlympusDAO, Alchemix and Abracadabra are exploring new ways of operating without giving up token rewards.  For all the innovations happening with decentralized systems in crypto, they are still failing to open new pathways for economic prosperity for the most marginalized. In its current form, DeFi remains open only to people who already have access to the financial system and…

3 Crypto Projects to Look at as the Metaverse Movement Booms

In recent weeks as Facebook announced it was rebranding to the name “Meta” it has sparked a renewed interest in metaverse cryptocurrency projects. Meta will be creating a VR (Virtual Reality) metaverse where people can socialise together on a more interactive scale than they previously could. There are other metaverse projects around and they are quite different from Meta. Here, the key difference is the use of blockchain. The Meta’s metaverse is expected to be controlled and maintained by themselves, which is unlike what is seen in the blockchain metaverse…

3 out of 4 of the Top Smart Contract Tokens Outpaced Ethereum’s 12 Month Gains – Smart Contracts Bitcoin News

While the price of bitcoin has been volatile during the last seven days, a number of smart contract platforms have been performing far better this week. Statistics indicate that the total value locked (TVL) in decentralized finance (defi) is $267 billion and the TVL held on Ethereum commands the lion’s share of this value. Ethereum is the largest smart contract platform today, in terms of market valuation, but a number of competitors have increased significantly in value over the last 12 months. 3 Smart Contract Tokens Surpassed Ethereum’s 12 Month…

Shiba Inu (78 million percent in a year) vs Koinos (535% in a month)

The story of Shiba Inu (SHIB), crypto’s best-performer of the year, still boggles the mind — even after multiple retellings. Just 12 months ago, the price of one SHIB token had ten zeros in front of it: $0.000000000063 on volume of $682.58, according to CoinGecko. By late October of this year, six of those zeros had gone and Shiba Inu had flippened Dogecoin to become the largest dog-themed token in the world, a top-ten cryptocurrency worth around $47 billion. Despite dropping almost 40% from that all-time high, SHIB still sits…

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