Month: January 2022

The 10 Tribes of Crypto

Speaking of future versions, we’d love to run a second iteration of the survey in 2022 with a more rigorous sampling strategy and a bank of demographic questions. That would give us a much better sense of who is involved in crypto, as well as historical data on crypto’s political economy. Sampling this way can get expensive, though, so we’d love to partner with other projects in this space (shill, shill). Not only would you be supporting a public good in the ecosystem, the survey could also double as community…

Stablecoin Issuance Saw Significant Growth Last Year – Altcoins Bitcoin News

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As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there’s $170.24 billion worth of stablecoins in circulation. Data indicates that over the last 12 months, a slew of stablecoin valuations grew exponentially. 12-Month Stats Show Stablecoin Market Valuations Saw Massive Growth Last year, numerous crypto assets touched all-time high (ATH) prices as current data highlights the crypto economy’s significant growth in 2021. Moreover, fiat-pegged tokens, commonly referred to as stablecoins, have also seen massive growth as centralized custodians and decentralized…

EPNS Goes Live in Bid to Bring Notifications to Web 3

A new project is hoping to address a key aspect of user experience that Web 3 currently lacks – the ability for protocols, contracts and users to directly communicate. On Tuesday, Ethereum Push Notification Service (EPNS) announced the launch of what founder Harsh Rajat calls the “Web 3 communication primitive” with a bevy of decentralized finance (DeFi) mainstays involved. Version 1 of EPNS, which is now live, is launching with MakerDAO, Aave, Uniswap and dYdX, among others. CoinDesk will also be an early user, with a dedicated channel for distributing…

What is MetaMask Wallet? How to Set up a MetaMask Wallet

With most platforms, you’ll see a “connect” button in the top right corner of the screen. After clicking it, you’ll have the option to connect your MetaMask wallet. You may need to sign a transaction in order to complete the connection process. This doesn’t cost you anything, it simply proves you have control over the wallet. Source

South African Police Investigate Missing Brothers’ Crypto Platform, Africrypt

The Cajees disappeared in April after telling investors the platform had been hacked, with bitcoin worth around $3.6 billion allegedly going missing. In June, the brothers’ attorney at the time, John Oosthuizen, said they denied the allegations of wrongdoing, and that the money was missing because of a hack. Just two days later, Oosthuizen said his firm’s relationship with the brothers had been terminated. Source

Axie Infinity’s Gaming Sidechain Is Bigger Than Many Major L1s by Volume: Nansen Report

A farming simulator clogged a popular blockchain for days on end last week. Now a new research report from blockchain analytics firm Nansen sheds light on a possible solution. Ronin, a layer 2 from Axie Infinity developer Sky Mavis devoted solely to the game, processed 560% more total transactions than Ethereum at its peak in November, the report found. And while that figure has since retreated, the sidechain is still processing more than up-and-coming networks like Fantom and Avalanche. Nansen data journalist Martin Lee said the report offers a glimpse…

Fed Chair Jerome Powell Appears Before the Senate Banking Committee

Powell says that “the report really is ready to go and I would expect we will drop it, I hate to say it again, in the coming weeks, but it really is in a situation where it’s ready to go … it was hard to, we didn’t get it quite to where we needed to get it but it’s effectively there now and I will tell you it’s, we’re, you know, it’s within weeks we will be publishing it. And by the way, it’s more going to be an exercise…

Binance Labs backs $200M Oasis Ecosystem Fund

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Binance Labs, the venture capital (VC) arm of the Binance cryptocurrency exchange, announced Tuesday that it will contribute to Oasis Foundation’s $200 million ecosystem development fund, sending a strong signal that major investors were still keen to back emerging projects on alternative blockchain networks.  With the investment, Binance Labs joins other prominent VC firms in supporting the Oasis Network, an alternative smart contract platform that intends to compete with Ethereum. As Cointelegraph reported in November, Oasis Foundation initially launched a $160 million development fund to lure promising startups to its…

A Look at How Far Crypto Assets Have Slid From Their All-Time Highs – Markets and Prices Bitcoin News

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Digital currencies had a phenomenal year, and a great deal of the crypto assets in existence reached all-time high (ATH) prices against the world’s fiat currencies. However, the same digital currencies that tapped ATHs last year are currently down a great deal in value, as numerous cryptocurrencies have lost 30% or more since 2021’s price highs. Crypto Values Are Lower Than Last Year’s Price Highs 2021 was a good year for crypto assets as numerous blockchain networks swelled in fiat value as billions upon billions were added to the alternative…