Day: December 24, 2021

Stellar Processes 1.8 Billion Transactions, Was 2021 Its Best Year Ever?

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The Stellar Development Foundation (SDF) has published the end-of-year metrics for their ecosystem and the underlying network. Presented by Denelle Dixon, Executive Director, and CEO at the SDF, the metrics showed a significant increase across the board. Related Reading | How Stellar Will Host Ukraine’s CBDC Pilot Test With Tascombank In 2021, per the report by the SDF, the Stellar Network experienced a 32% rise in its number of total accounts with respect to 2020. The number of total accounts stands at 6 million. On the other hand, the Stellar…

Challenging the meaning of legacy itself

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In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century. When trying to examine the nonfungible token (NFT) economy as it has been shaping in recent months, two main trends can be discerned. On the one hand, a completely new market that allows various artists to join a new creator economy — the creators of Bored Ape Yacht Club, various types of pixel art…

Beware of sophisticated scams and rug pulls, as thugs target crypto users

This year has been monumental for the cryptocurrency sector in terms of mainstream adoption. A recent report published by Grayscale Investments found that more than one-quarter of United States investors (26%) surveyed own Bitcoin (BTC), up from 23% in 2020. With the holidays around the corner, financial services provider MagnifyMoney also found that nearly two-thirds of surveyed Americans hope to receive cryptocurrency as a gift this year.  While crypto’s growth is notable, there has also been an increase in the number of scams associated with digital assets. A Chainalysis blog post…

30 Day NFT Sales Continue to Run Hot With Punks and Apes, Metaverse Trade Volume Skyrockets – Markets and Prices Bitcoin News

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The number of recorded non-fungible token (NFT) sales during the last 30 days consisted of roughly 362,374 sales. During the past 30 days, the leading NFT marketplace Opensea processed $2.39 billion, up 22.88% since last month. Decentraland volume jumped 192% since last month reaching more than $28 million in sales. NFT and Metaverse Steam Continues With Big Volume and Expensive Collectibles During the last month of the year, the metaverse and non-fungible token (NFT) hype has continued to remain strong. Over the last week, Decentraland and The Sandbox processed a…

74% Of Bitcoin Holders Remain In Profit At Current Prices

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Bitcoin price has dropped quite a bit from its $69,000 all-time high but it continues to maintain high values. Investors who have been in the market for a while are deep in profit, while a small minority are the only ones in loss. Nevertheless, it goes to show how much the digital asset has grown in value given that the large majority of investors could sell now and still make a profit. 74% Of Bitcoin Holders Remain In Profit Data from IntoTheBlock shows that a total of 74% of all…

Sun To The Sun? Tron Founder Will Go To Space On Blue Origin Mission Next Year

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Justin Sun (or His Excellency Justin Sun), a technology and cryptocurrency entrepreneur who recently became a Grenada diplomat, has revealed that he will travel to space on a Blue Origin aircraft next year and will bring five people with him. Justin Sun Reveals He Was The Secret Bidder The 31-year-old has identified himself as the $28 million anonymous bidder who won a ticket in Blue Origin’s first crewed mission in July, but had to reschedule due to a scheduling difficulty. The undisclosed bidder will instead fly on a future journey,…

DeBond’s Seed Funding Round Confirms Demand For Decentralzied Bonds In DeFi

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DeBond continues to make inroads in the decentralized finance industry. Its approach to decentralizing bonds through blockchain technology and smart contracts resulted in a $500,000 seed funding round. Various prominent backers and investors see merit in this approach, paving the way for broader financial access to everyone. DeBond Keeps Making Inroads The seed funding round for DeBond shows the overall demand for decentralizing traditional financial instruments. Bonds have been an essential part of the finance industry for decades, yet their core model has not changed. More importantly, bonds are only…

The Red Ape Family show, Mini Royale on Solana and The Weeknd’s NFT collection

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Catch up on nonfungible token (NFT)-related news this week as Cointelegraph rounds up the stories you don’t want to miss.  Bored Apes gets cast in an TV series The Red Ape Family (TRAF) is a new animated comedy series centered on Bored Ape Yacht Club (BAYC) NFTs. Episodes are sold as individual NFTs and run between five to 10 minutes long. The plot is about a family of Bored Apes that escape Earth to live on Mars. OpenSea is already reselling Episode 1 and the yet-to-be-released Episode 2 is available…

10 2022 Predictions From PwC’s Henri Arslanian

2021 was a historic year for crypto with many milestones. And there are no signs of the momentum slowing down in 2022! As per our tradition since 2015, here are my 10 crypto predictions for the coming year: Fortune 500 companies in the metaverse 2021 saw the concept of the metaverse burst into the mainstream. Whilst many Metaverse games and ecosystems have been around for many years, from Second Life to Roblox, Facebook changing its name to Meta in late October 2021 brought this to the forefront. This has put…

Binance leads $60M Multichain funding, Interlay raises $6.5M, Dec. 17–24

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. As the crypto community filled its crypto stockings for the holiday season, the Grinch emerged to gift a grimacing fate to two DeFi platforms, stealing their festive spirit and a whole lot of dollars.  Reading this article, you’re only receiving a portion of the content from our DeFi newsletter. Drop your email below for the full copy. Binance VC arm leads $60M round in cross-chain protocol Multichain Binance Labs, the venture capital side of global crypto exchange Binance, facilitated a…