Ethereum is a smart-contract blockchain focused on building a secure, decentralized environment to host applications of all types. The past year, decentralized finance (DeFi) and non-fungible tokens (NFT) have taken the stage to show the world the possibilities that can arise from blockchain technology. However, scalability products that can increase performance in response to changes in processing demands are starting to unlock the vast potential Ethereum holds, and its co-creator, Vitalik Buterin, has his eyes set on decentralizing social media, gaming, governance and more. In its infancy, Ethereum has largely…
Month: November 2021
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Premier League Considering Partnership With NFT Crypto Platform: Report
Minutes of the most recent meeting between the Premier League and fan representatives reveal the league is considering getting involved in NFTs, with sources saying the League’s approach will be “slow and cautious,” and different from the fan engagement model provided by a platform such as Socios, The Times reported Monday. Source
Bitcoin Turns Lower as Fed Chair Suggests Inflation No Longer ‘Transitory’
So the shift in messaging by Powell, during testimony before a U.S. Senate panel, might signal that authorities now see the inflationary pressures as longer lasting – potentially indicating the bank might be less willing to continue the loose monetary policies that have buoyed markets for risky assets, including cryptocurrencies. Original
Solana price eyes $300 as Grayscale launches SOL-backed trust
Solana (SOL) held onto its intraday gains on Nov. 30 as Grayscale Investments, the largest cryptocurrency fund in the world, announced that it would add SOL to its product line. The digital asset class is growing, and we’re expanding our offerings along with it! Gain exposure to $SOL, the native token of the @Solana network, through new Grayscale #Solana Trust. Learn more: https://t.co/QiT6u0xI7h pic.twitter.com/KAxRZAriRl — Grayscale (@Grayscale) November 30, 2021 A $300 SOL ahead? SOL rallied to nearly $217.50 after rising by over 6.50% intraday. The Solana token’s gains came…
NYDIG Raises $50M for Seventh Digital Asset Fund
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source
Safle Review – Bringing Your Identity Back Into Your Hands
The concept of digital identities has gained popularity following the debut of modern-day technologies such as blockchain. Safle, a next-generation non-custodial wallet, is one of the projects currently leveraging blockchain to bring identities back to the hands of users. Unlike the centralized and federated identity models, the Safle ecosystem introduces decentralized identities, giving crypto users control over their identities and data. While the crypto market has grown exponentially, users have limited options of non-custodial wallets. Meanwhile, the ones that exist have proven to fall short in some areas. For starters,…
Coinbase will establish presence in Israel through purchase of Unbound Security
Cryptocurrency exchange Coinbase will acquire cryptographic security company Unbound Security in a move that will also have the U.S. company launch a research facility in Israel. In a Tuesday blog post, Coinbase said it would be purchasing Unbound to gain access to its cryptographic security experts as well as establish a presence in Israel. The exchange cited Unbound’s work in multi-party computation to provide users with the “virtually impenetrable nature of cold, offline storage, with the frictionless convenience of hot, online wallets.” “We’ve long recognized Israel as a hot bed…
Kimbal Musk’s Big Green DAO Is a Big Step for Web 3
On the heels of a $40 million experiment that caught mainstream media attention, decentralized autonomous organizations (DAOs) are taking another step into mass consciousness today as Kimbal Musk – the billionaire Tesla board member and brother of fellow entrepreneur Elon Musk – is announcing the opening of membership applications for Big Green DAO, a Web 3 charity focusing on food justice. In an interview with CoinDesk, Musk said that one of the goals of the charity is to overhaul the philanthropy industry with the use of blockchain-based tooling – a…
Yellen Says Stablecoins Require Proper Regulations
Yellen noted that in its updated guidance, the FATF clarified that its intent was not to regulate as virtual asset providers (VASPs) people or providers that “provide only ancillary services or products to a virtual asset network, including hardware manufacturers, providers of unposted wallets, software developers, or miners that are not otherwise engaged in covered activities.” Source