As late as November, when bitcoin surged to an all-time-high price of $69,000, some traders hoped the $100,000 psychological milestone might be reached in 2021. Now, at the current price of around $36,000, bitcoin would have to nearly triple to hit $100K. Source
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. Derek Yoo is the CEO of PureStake, the technology company behind the Moonbeam Network. He recently joined the Bitcoin.com News Podcast to talk about the technology: Derek Yoo is a serial Web2 technology entrepreneur who has spent the past 20 years building successful software and cloud companies. Prior to creating Moonbeam,…
Traditional funding in the crypto space was once considered useless. After all, the industry itself offers different, controversial, but nonetheless, ways to fund a project – initial coin offering (ICO), initial exchange offering (IEO) and the current darlings of offerings – launchpads and initial decentralized exchange (DEX) offerings. But with the industry maturing and more startups wanting not only the capital but mentorship to build a working and valuable product, venture capital has emerged as one of the most attractive options. Cointelegraph talked to Li Rongbin, founding partner of SevenX,…
Following Monday’s selloff, cryptocurrency markets mostly rebounded across the board, with bitcoin and ethereum prices rallying by as much as 10%. Overall the global crypto market cap was over 6% higher from yesterday’s session. Bitcoin Bitcoin, which fell to an intraday low of $33,184.06 during yesterday’s session, was up close to 9% as of writing, hitting a high of $37,247.52 in the process. After a false breakout from its support level of $34,170 to start the week, today’s move saw BTC/USD climb from this point, with some anticipating the potential…
YouTube is considering offering non-fungible tokens (NFTs) as a way “to help creators capitalize on emerging technologies including things like NFTs,” CEO Susan Wojcicki wrote in an open letter about the video streaming platform’s 2022 priorities. Wojcicki said her team is looking ahead to the future and has been following everything happening in Web 3 “as a source of inspiration to continue innovating on YouTube.” “The past year in the world of crypto, non-fungible tokens (NFTs), and even decentralized autonomous organizations (DAOs) has highlighted a previously unimaginable opportunity to grow…
The Biden administration is preparing an executive order for release as early as next month. According to a Bloomberg report on Friday, which mentioned no named sources, the release will outline a comprehensive government strategy on cryptocurrencies. Cryptocurrency regulation has been a frequent point of interest lately for U.S. lawmakers and government agencies. A recent report from the Biden administration outlines legislation that proposes more regulation to the cryptocurrency market. Bloomberg reported the White House is planning to release an initial government-wide strategy for crypto and other digital assets as soon…
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Formerly known as Polkaswitch, Swing helps traders and yield farmers move crypto across a number of layer 1 (base layer) and layer 2 (companion network) blockchains, including Ethereum, Polygon, Avalanche, Binance Smart Chain, Arbitrum and Moonriver. Source BridgeCapitalCrossChainLeadsRepublicSwing CryptoX Portal
David Chaum, a pioneer in cryptography and in privacy-preserving and secure voting technologies, is the creator and founder of the xx network. In 1995, his company, DigiCash, created and deployed eCash, the first digital currency, which used Chaum’s breakthrough blind-signature protocol. This post is part of CoinDesk’s Privacy Week series. Source
Ethereum 2.0 is one of the most-anticipated upgrades in crypto presently. The upgrade which will bring better scalability and cheaper prices to the network is nothing short of needed given that demand has driven these two things to its brink on the network. This is why Ethereum developers have been hard at work for two years trying to usher in this new era. However, it seems that the name ETH 2.0 is no longer doing justice to the upgrades being performed on the network. In a recent announcement, Ethereum Foundation…