Day: August 9, 2022

1inch plugs into Klaytn as Asia continues to climb aboard

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South Korea’s most popular metaverse blockchain Klaytn is set to benefit from deeper liquidity and improved token swaps through a new partnership with decentralized finance (DeFi) protocol 1inch Network. Klaytn has enjoyed success in South Korea as the country continues to see prolific nonfungible token (NFT) and GameFi use. Klaytn is a product of tech behemoth Kakao, which commands a user base of some 52 million people that use its flagship KakaoTalk application and suite of software products. Klaytn derived its proprietary blockchain technology from the Ethereum Virtual Machine and…

Bullish Expectations From The Ethereum Merge Rise Post Chainlink’s Announcement

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The upcoming Ethereum blockchain upgrade has received different reactions and comments within the crypto industry. The launch of the upgrade, also known as the Merge, is to be within August 2022. Many experts in the system have confidence that Merge could be a bullish event that would positively impact the blockchain. But there are still some concerns about the possible post-merge hard forks on the network. When it comes to the cryptocurrency space, every network has a consensus mechanism for its operations. This is what helps in the validation of…

OFAC’s Tornado Cash Ban Causes Github Suspensions and the Blacklisting of Crypto Addresses Holding $437M – Bitcoin News

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On August 8, the ethereum mixing service Tornado Cash, and all the crypto addresses associated with the platform, were officially banned by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Following the ban, the internet hosting service for software and open source code development, Github, erased some of the Tornado Cash commits and suspended some of the project’s contributors. Tornado Cash Github Contributors Suspended from Github, Blacklisted ERC20s Left to Liquidity Providers Tornado Cash has become a topical conversation in the world of cryptocurrencies as the U.S. government…

Project launches curation ecosystem on Avalanche

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With play-to-earn (P2E) gaming rising in 2021 through Axie Infinity (AXS) and an offshoot called move-to-earn (M2E) gaining fame through STEPN (GMT), another variation of the “to earn” model launches in an attempt to bring Web3 elements to existing Web2 frameworks.  In an announcement, the CurateDAO team told Cointelegraph that they’ve launched a Pinterest-like database platform on the Avalanche (AVAX) blockchain. Similar to other “to earn” models, users can be rewarded with crypto tokens for performing tasks. In this case, the task given to participants is contributing their curated lists…

How to bake your own DAO at home — With just 5 ingredients! – Cointelegraph Magazine

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Decentralized autonomous organizations come in all sizes and flavors. Some can seem sweet; others turn sour. It can be fun and interesting to create one that suits your needs and satisfies your hunger for something new. We talk to the master chefs — Noam Hof of DeepDAO, Stru Delman of Aragon, and Fabien of Snapshot — who are mixing up new and exciting recipes for participatory goodness that you can bake at home. A DAO is an online community that collectively controls a cryptocurrency fund to achieve a particular goal…

Crypto Intelligence Platform Messari Plans to Raise $35M at $300M Valuation: Report

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal

What the fork? Ethereum’s potential forked ETHW token is trading under $100

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An Ethereum fork token that does not yet exist, dubbed ETHW, is trading under $100 across several crypto exchanges after debuting at $30.  ETHW and ETHS begin trading  ETHW is the native asset to the ETHPoW chain. ETHPoW, for now, is a possible new chain backed by proof-of-work (PoW) miners as the original chain switches to a proof-of-stake (PoS) consensus in September’s “Merge” event. Meanwhile, the proof-of-stake version ETHS is trading at around $1,600 or the difference between the ETH price and the ETHW price.  We promise there won’t be…

Bitcoin When To Expect The Macro Bottom For Price

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Understanding the Currency Sector in CoinDesk Indices DACS

1. Bitcoin (BTC) is the world’s first cryptocurrency, and the largest by market capitalization. Since launching in 2009, Bitcoin has revolutionized payments with its innovation in blockchain technology, creating a global, borderless, secure, censorship resistant, pseudonymous, permissionless and trustless medium of exchange. Bitcoin’s proof-of-work consensus mechanism makes the Bitcoin network the most secure in the world. When proper security measures are taken, a bitcoin wallet is effectively un-hackable. These features have contributed to an explosion in usage and popularity, and bitcoin has seen a massive influx of institutional and retail…