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Crypto mainstream adoption: Is it here already? Experts Answer, Part 1

What does mass adoption mean for the blockchain industry? Has it started yet? If not, what could get it going? Source link

6 Questions for David Chaum of XX Network – Cointelegraph Magazine

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to David Chaum, one of the earliest blockchain researchers and a world-renowned cryptographer and privacy advocate. He is the founder of Elixxir, Praxxis and the XX network, which encompass his decades…

SiennaSwap adds Bitcoin, Monero trading pairs in push for privacy-focused DeFi

Cross-chain DeFi protocol Sienna Network has enabled Bitcoin (BTC) and Monero (XMR) trading pairs on its decentralized exchange, giving users the ability to transact privately in two of the world’s most recognizable cryptocurrencies.  Effective immediately, users of the privacy-focused SiennaSwap DEX will have the ability to trade BTC and XMR against the protocol’s native Sienna token, chief…

Collateral damage: DeFi’s ticking time bomb

As 2021 draws to a close, the premier lineup in the DeFi landscape largely consists of synthetic asset platforms (SAPs). An SAP is any platform that enables users to mint synthetics, which are derivatives whose values are pegged to existing assets in real time. As long as oracles can supply a reliable price feed, synthetics can represent any asset in the world and take on its price — be it a…

MGA Entertainment and Ioconic launch L.O.L. Surprise NFT platform in 20,000 retail stores worldwide

Toy company MGA entertainment announced Tuesday that the first nonfungible token (NFT)-based cards for the L.O.L. Surprise trading card game are now available for purchase. The company entered into a partnership with digital asset consultancy firm Ioconic in September and now hopes that the $25 billion L.O.L. Surprise brand will succeed in ushering its young fans into the NFT ecosystem. Ten…

Bitcoin tests yearly moving average as $100K by Christmas needs ‘small miracle’

Bitcoin (BTC) prepared a showdown with a key moving average (MA) price trend on Dec. 19 with time running out for a strong 2021 close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “I vote we bounce and stay bull” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at $47,000 Sunday, still firmly in an established range. That price is currently the location of…

Decentralized Application: What is it?

Every single person that uses the internet today, does not have primary control of the data they share on certain websites. Ethereum stands out from the rest, as it attempts to employ the blockchain as a way to correct what the designers of the internet. The best way to describe it would be a “decentralized appstore” where anyone is able to publish their apps (dapps). Unlike today’s apps (such as…

NYDIG raises $1B in funding, valuation now $7B

On Tuesday, New York Digital Investment Group, or NYDIG, a financial institution specializing in Bitcoin financial services such as savings accounts, trading brokerages, 401(k)s, etc., announced it had secured a $1 billion equity investment led by WestCap. The funding places its valuation at nearly $7 billion. The firm has proved to be popular among institutional investors. Last year, Stone…

Ethereum Smart Contracts: How Do They Work?

Like many things surrounding the blockchain community, Ethereum’s smart contracts can be a confusing concept to most. Smart contracts seem a bit difficult to understand because the term confuses the base interaction described. They are a new possibility due to the ethereum public blockchain. A smart contract binds a relationship with cryptographic code, whereas a standard contract is an outline…

The battle of banks vs. DeFi is a win for individual crypto investors

The state of banking and finance today presents a complex labyrinth that even seasoned bankers struggle to navigate. Despite appearances, there is a method to this madness. As Nobel Prize winners like Muhammad Yunus and Joseph Stiglitz have cautioned in the past: central banking, in particular, has morphed to keep the status quo in check. Or, in the words of Mike Maloney, an expert on monetary…

Want to Understand Ethereum? Look no Further!

What is Ethereum? Many people are asking this question, but not many people have the answers – or at least, not answers that are comprehensible to the average reader. We’re going to simplify things and explain, step by step, what Ethereum is and how it works. If you’re new to the cryptocurrency world, don’t worry, we’re just going to cover the basics. The first thing to establish about Ethereum…

Polkadot envisions Web3 disruption with multiple parachain launches

Open-source blockchain platform Polkadot announced the launch of its first parachains (or parallelized chain) aimed at improving the interoperability between multiple blockchains.  According to the announcement, the Polkadot team invested five years into the development of the parachains, which were allocated to teams via auctions, namely, Acala, Moonbeam, Parallel Finance, Astar, and…

Earlier this year, we launched a bug bounty program focused on finding issues in the beacon chain specification, and/or in client implementations (Lighthouse, Nimbus, Teku, Prysm etc…). The results (and vulnerability reports) have been enlightening as have the lessons learned while patching potential issues. In this new series, we aim to explore and share some of the insight we’ve gained from…

What is Ethereum? Ethereum for Beginners

What is Ethereum? Many people ask the question ‘What is Ethereum?’ but not many people have the answer – or at least, not the answer that is comprehensible to the average reader. We’re going to simplify and explain, step by step, what Ethereum is and how it works. If you’re new to the cryptocurrency world, you’re in the right place, we’re just going to cover the basics. The first thing to…

Cove Markets to join Robinhood Crypto in latest acquisition

Cove Markets, an API platform that enables users to trade across multiple centralized exchanges and manage aggregate financial data, will become part of Robinhood Crypto, as announced by the discount brokerage late Tuesday. Traders and investors can connect up to seven exchanges, including Coinbase Pro, Kraken and Bitfinex, using Cove Markets to trade over 50 major currencies and altcoins. The…

Grantee Roundup: August 2021

It’s always fun to hear about new grants as they’re awarded, but what happens after the announcement? In this series, we’ll check in on a couple of projects that are well underway – or already at the finish line. Read on to learn about some recent milestones and achievements by grantees! Imapp for EVM Gas Cost Estimator Gas costs in Ethereum are a constant topic of debate and improvement. The…

Bitcoin book for American policymakers gets 5x funding on Kickstarter

A group of eight Bitcoin (BTC) enthusiasts launched a Kickstarter campaign to publish an educational book for America’s federal policymakers, to reduce their reliance on the traditional media narrative on cryptocurrencies. The campaign managed to attract $23,151 in funding, nearly five times the goal of $5,000.  The book was conceptualized soon after the United States House of Representatives…