Parity chief marketing officer Peter Ruchatz discusses the ins and outs of Polkadot’s focus on interoperability at Token2049. Smart contract blockchains have played a pivotal role in creating wide-ranging functionality after the advent of Bitcoin in 2009. Ethereum led the way in this regard, but innovative technology stacks like Polkadot have brought a new paradigm to the sector. It’s been just less than a year since Polkadot’s Relay Chain went live in December 2021, and the platform’s ecosystem continues to grow as interest in Web3 increases across the world. Polkadot…
Day: October 11, 2022
New Metis Rollup Tech Addressees Ethereum Scalability for Businesses
A growing industry of rollup technologies seeks to address Ethereum’s key scalability issues of slow throughput and high transaction or gas fees. Rollups bundle a large number of transactions off the main blockchain and then return the bundle to Ethereum for recording. There are two types of rollups: Zero-Knowledge, which uses computer algorithms to verify transactions, and Optimistic, which optimistically trust that the transactions are valid. People watching an optimistic network have a week to challenge a potentially fraudulent transaction, and the rollup then runs a fraud proof to verify…
First Mover Americas: Once-Bouncing Bitcoin Now Just Rolls Like Ball
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 11, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original
BNY Mellon to Begin Crypto Custody Service: Report
To this point, traditional fund managers interested in holding digital assets – who otherwise rely on BNY Mellon (or other custodial lenders) to perform the necessary back-office tasks related to their usual securities holdings – typically would have had to find a firm specializing in cryptocurrency for custody services. Source
XRP Takes Lead Among Altcoins
XRP has maintained a daily calmness but emerged as the week’s top performer. The token took to the north with 18% weekly gains as the price crossed the $0.5 mark before falling. Also, other altcoins have been making slight losses daily in the past week. The crypto market is witnessing a drastic twist in the overall movement of prices. In the past few weeks, the crypto assets have been going on and off in both north and south directions. However, after reclaiming slightly during last week, most of the crypto…
Avalanche Sits On A Time Bomb As Price Eyes $10, Will Price Escape This?
AVAX price continues to trend downwards as price remains bearish with price trading on key support. AVAX trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs. The price of AVAX needs to break and hold above the key resistance of $30 to resume bullish price movement. The price of Avalanche (AVAX) continues to struggle to discover its bullish trend as the price fails to break the key resistance of $30 against tether (USDT). The previous weeks saw the crypto market cap as good as…
Turkey Ramps Up Efforts To Become The Next Crypto And Blockchain Hub
Turkish residents continuously maintain a bullish stance on crypto transactions despite the bear markets. Ismail H. Polat, a media lecturer at Kadir Has University in Istanbul, said the driving factor is the high inflation. Recent reports show the Turkish crypto industry is working to build the crypto ecosystem amid the bear market. The Turkish blockchain industry players see the bear market as an opportunity to improve the ecosystem. They strive to do this by bringing home the popular Ethereum event DevCon7. Turkey is among the countries with the highest interest…
Google Partners With Coinbase to Accept Crypto Payments for Cloud Services
Google will start accepting crypto payments for cloud services early next year, according to a CNBC report. Source
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Breaking: Google taps Coinbase to bring crypto payments to cloud services
Google says early next year users will be able to pay for cloud services using cryptocurrencies like Bitcoin via Coinbase. Google announced a new deal with Coinbase which will allow a select set of customers to pay for its Cloud services using digital currencies such as Bitcoin (BTC). This will take effect early next year. According to CNBC on Oct. 11, the tech giant also plans to explore using Coinbase Prime, which is a custodial service for storing and trading cryptocurrencies. In return, Coinbase announced it will move some of…