Those that were around in 2017 likely remember the initial coin offering (ICO) craze, which saw swathes of new projects emerge — many of which generated staggering returns for participants in a matter of weeks or months. Although many ICO-funded projects turned out to be duds, a small proportion grew and evolved to become the
Altcoins
Solana (SOL) has become a top contender in the smart contract industry and in the past year the network’s total value locked (TVL) grew by $660 million and stretches across more than 40 decentralized applications to hit an all-time high above $11 billion. Even with this growth, investors have reason to question whether the current
Gita Gopinath, the chief economist of the International Monetary Fund (IMF), has called for a global policy to be put in place that will regulate cryptocurrency, instead of banning it. Pitching for a global policy, Gopinath, who will soon take charge as the deputy managing director of the IMF, argued that if countries were to
Bitcoin (BTC) climbed by over $2,000 on Dec. 15 as markets quickly reacted to news that the United States Federal Reserve would raise interest rates and curtail its bond-buying program starting in 2022. “Kind of what we were thinking” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $49,310 on Bitstamp, its highest since Dec.
Cardano (ADA) may rally by nearly 30% in the coming days as it hints at forming a classic bullish reversal pattern. Sharp ADA rebound underway Dubbed “triple bottom,” the pattern typically occurs at the end of a downtrend and consists of three consecutive lows printed roughly atop the same level. Meaning, triple bottoms indicate sellers’
Myanmar’s shadow government, the National Unity Government (NUG), led by the supporters of jailed leader Aung San Suu Kyi, has declared U.S. dollar-based stablecoin Tether (USDT) as an official currency for local use. As per a report published in Bloomberg, the NUG will accept Tether for its ongoing fundraising campaign seeking to topple the current
On Friday, Joseph Delong, former chief technology officer of decentralized exchange, or DEX, SushiSwap, published a brief reflection of experiences during his tenure. Delong unilaterally resigned two days prior, citing internal structural chaos among developers behind the popular DEX. In explaining his decision, Delong outlined failures to scale operations, lack of organization skills, problematic contributors,
Haiti, a Western Caribbean country torn by a tragic past, natural disasters, poor leadership, and ineffective foreign aid, is not a country that comes to people’s minds when they think of blockchain adoption. For years, Haiti has been among the world’s poorest countries in terms of GDP per capita, as per data from the World
Ethereum scaling solution Polygon has announced it will dedicate a maximum of 250 million MATIC tokens ($627.5 million) to a deal with zero-knowledge cryptography startup Mir. Zero-knowledge algorithms enable external validators to verify encrypted transactions or documents without revealing the sensitive information hidden underneath. It is useful for complex decentralized finance applications, such as decentralized
Democratic representative for California Brad Sherman joked about how ridiculous a “Mongoose Coin” would be on Wednesday — and by Friday it had become a reality. During Wednesday’s hearing on crypto at the House Financial Services Committee, Sherman spun a tale of an old woman who swallows bigger and bigger animals to eat the animals
Despite some senators in the United States opposing Meta launching its digital currency products, the development of the social media giant’s digital wallet, Novi, continues apace. Stephane Kasriel, head of Meta’s cryptocurrency and fintech unit Novi, officially announced on Wednesday that Meta’s messenger subsidiary, WhatsApp, has started testing transactions through Meta’s Novi wallet. According to
Major cryptocurrencies Ether (ETH) and Dogecoin (DOGE) made the list of the world’s top searched terms in 2021 on Google On Dec. 7, Google released its traditional annual list of the top searches for the year, breaking them down into several categories including searches, news, people, games, movies and others. According to Google Trends’ Year
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
Tezos, a privacy focused blockchain network, released its carbon footprint report from PricewaterhouseCoopers Advisory SAS — a French member firm of the PwC network of member firms. The PwC report reflects drastic improvements in energy efficiency for Tezos since moving from a proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) one. The PwC report highlighted
The White House, under the Biden-Harris administration, introduced a five-pillar strategy to counter corruption as a part of the core United States national security interest. The strategy involves establishing a new task force to address potential illicit activities on crypto exchanges and other services that can serve as avenues for money laundering. With the motive
Following a near $200 million hack on the BitMart exchange, the Shiba Inu (SHIB) community and crypto exchange Huobi Global aim to help the exchange strengthen security and track inflows of stolen assets. On Dec. 5, crypto exchange BitMart became victim to a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain
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