Per Aggarwal, the Althea team has been working on the Gravity Bridge for a number of years, and boasts a sophisticated slashing system for validators that underperform. Additionally, Osmosis is an app-specific chain, meaning that Osmosis Labs could take drastic steps to improve user experience, including allowing for Metamask signatures, which usually isn’t compatible with Cosmos. Source
DIA is the first oracle provider to integrate its oracle infrastructure with the Astar Network, running on the Polkadot Relaychain. The oracle deployment will facilitate DeFi applications on Astar to easily connect to the outside world data. The open-source data provider DIA announced today the integration of its decentralized oracle infrastructure with the Astar Network, running on the Polkadot Relaychain. This oracle deployment will facilitate DeFi applications on Astar to easily connect to the outside world data via DIA’s trusted oracles. Astar Network, previously known as Plasm, is a dApp…
On Dec. 27, 2021, Metis Andromeda, a Layer 2 network based on a fork of Optimism, clocked a 7-day 142% TVL increase, surpassing $180 million. Footprint Analytics:Metis TVL One of the most fascinating parts of the story is that the head of the decentralized autonomous corporation (DAC) behind Metis is Vitalik Buterin’s mother, Natalia Ameline. Going beyond this interesting fact, however, could Optimistic Rollup be the best solution for Ethereum scaling? The State of Layer 2 Looking back to 2021, the Ethereum network has more than 2000…
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Financial service regulator – Monetary Authority of Singapore has issued fresh guidelines to limit crypto trading by the public. It has also taken a firm stance and asked cryptocurrency companies to eschew advertising or showcasing their products to the general public. MAS substantiated their decision by stating reasons which were purely risk-oriented. The guideline stated and clarified that Digital Payment Token service providers “should not portray the trading of DPTs cryptocurrencies in a manner that trivializes the high risks of trading in DPTs, and should not promote their DPT services…
According to a recent report published by Tehran Times, Iran is planning to roll out the pilot phase of its national cryptocurrency in the near future. Mehran Moharamian, Vice Governor for IT affairs at the Central Bank of Iran (CBI), highlighted the potential benefits of cryptocurrency assets in the country’s financial sector. According to Moharamian, digital currencies serve as a solution for inconsistencies in the financial system. CBI has been working on the national cryptocurrency for the last few years. While Iran is in support of the use of digital…
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Crypto exchange Bitmex is acquiring a German bank to create “a regulated crypto powerhouse.” The company plans to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.” Bitmex Plans to Become a Regulated Crypto Powerhouse Cryptocurrency exchange Bitmex announced Tuesday a purchase agreement of Bankhaus von der Heydt, a German bank located in Munich, by BXM Operations AG, a company founded by Bitmex CEO Alexander Höptner and CFO Stephan Lutz. Bitmex tweeted Tuesday: We’re one step closer to creating a regulated crypto powerhouse in the heart…
As a technology, Ethereum and other smart contract chains have proved to be an exciting and profitable platform for creators and developers to build and share their work. DeFi developers have created billions of dollars in value by building financial products open and accessible to the world, and artists have found amazing success with creating digital, liquid art in the form of NFTs. That being said, Ethereum’s “creator economy” is competing with top platforms like YouTube, Spotify and OnlyFans, delivering $3.5 billion in earnings to those building on top of…
Since August, Solana has been capturing the most NFT volume share at the expense of Ethereum, the bank said, noting that was when the NFT market started a major expansion. Ethereum has also been losing market cap share to Solana in line with the declining NFT volume share. Source