“By launching this trust, we are able to give qualified investors exposure to a protocol that they have been increasingly asking about as DeFi projects, NFT platforms, and many other projects have increasingly begun to build on the Avalanche blockchain,” said Valkyrie Investments CIO Steven McClurg in a press release. Source
Swiss privacy startup Nym Technologies announced it has secured $300 million in commitments from venture capital partners in support of the NYM Innovation Fund. Nym intends to issue grants to developers and incentivize them to build on top of Nym’s decentralized infrastructure. This funding comes a couple of weeks after its native token NYM launched on major crypto exchanges, including OKX and Huobi. At the time of publication, the NYM token traded at an average price of $0.92, and its 24-hour trading volume has witnessed a spike since the fund’s announcement.…
The revenues accrued by the Ethereum network rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022. Contributing to the growth in the network’s revenues were non-fungible token (NFT) marketplace sales, which rose by more than 19,000% during the period under review. ETH Inflation Rate Drops to 0.51% Ethereum’s revenues rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022, a new report by Bankless has said. According to the report, about 87% or $2.1 billion of this revenue was…
On April 28, 2022, the crypto asset apecoin tapped an all-time high (ATH) tapping $26.70 per unit and the digital currency has taken the 25th largest market capitalization among 13,371 cryptocurrencies. The same day, the product comparison platform Finder published its prediction report that covers apecoin’s market performance and Finder’s surveyed panelists predict apecoin will end the year at $27 per unit. Finder’s Experts Predict Apecoin’s Future Value This week finder.com published a new prediction report that polled 36 financial technology (fintech) specialists in order to forecast the future price…
After some crypto sleuths made allegations of insider trading by individuals potentially connected to Coinbase, CEO Brian Armstrong said the crypto exchange would change some of its token listing practices. In a Thursday blog post, Armstrong did not confirm whether any Coinbase employees had received disciplinary action or been referred for criminal charges in response to allegedly receiving insider information used to profit off certain token listings. According to the CEO, Coinbase planned to change its listing process over the next few quarters “to try and prevent on-chain data giving…
Pablo Jódar, financial products manager at Storm Partners, a systems provider for the cryptocurrency space in Europe, said Nexo got a positive tailwind from the recent partnership announcement with Mastercard (MA). The credit card company unveiled a crypto-backed payments card that allows users to spend without having to sell their digital assets, and offers customers 2% cash back on their transactions. Source
From 2021 till now, the metaverse concept has increasingly gained popularity and evidently has no plans of slowing down. Indeed, this popularity can be attributed to different metaverse platforms making giant strides and driving adoption. One of them is “Over the reality,” a fast-growing metaverse platform merging physical and virtual reality through augmented reality. Since its inception, Over the Reality has been known for strategic and significant partnerships centered around driving growth and building a rewarding ecosystem for its community. In the latest news, Over the reality announces the listing…
The metaverse is a new type of digital reality that incorporates elements of social networking, augmented reality, blockchain technology, and cryptocurrencies. Cryptocurrency might be a perplexing subject to grasp. Many people believe the industry is untrustworthy and view investing as a gamble. Nevertheless, this fast expanding industry uses vast sums of money. Large investments may yield large returns, and 2018 has been a banner year for practically every major cryptocurrency and its supporters. Among the major cryptocurrencies, ApeCoin (APE) is making significant progress in the sphere of the metaverse. ApeCoin…
The layer two (L2) Ethereum scaling project Optimism has announced the launch of Optimism Collective, “a large-scale experiment in digital democratic governance” managed by the newly created Optimism Foundation. In addition to the governance collective, the plan is to launch a token called “OP” that aims to “govern protocol upgrades and project incentives.” Ethereum Scaling Project to Launch the Optimism Collective System On Tuesday, Optimism announced the launch of a governance system called the Optimism Collective. Optimism is an L2 scaling solution that leverages zk rollups so users can quickly…
Liquid staking has grown in popularity over the past year thanks in part to the launch of the Ethereum beacon chain and the inability of ETH stakers to withdraw their tokens until the full launch of the consensus layer. As a result, Lido (LDO) has established itself as a leader in the liquid staking sector. Lido is one of the main staking protocols for several popular tokens and it allows token holders to earn an extra yield by putting their staked assets to work in decentralized finance (DeFi). LDO/USDT 4-hour chart. Source:…