After Bitcoin’s success, blockchain technology was growing enormously. Developers found that Bitcoin‘s benefit was very narrow and limited to only one purpose(money). Bitcoin has failed to impact the tech and financial services, because of the limited functionalities. In order to overcome these limitations, developers thought of creating a blockchain-based platform
The decentralized finance (DeFi) tokens has ended its market hype as Bitcoin (BTC) maintains its bullish price. Correlation between Bitcoins and DeFi tokens The DeFi market is one of the most popular ecosystems in the crypto world. It has caught the attention of many investors in the crypto world. However
An Italian airport staff member took advantage of his workplace computer systems illegal mining of Ethereum (ETH). According to Rai News report, a man who was in charge of managing the computer system at Lamezia Terme International Airport in the southwest region of Calabria was caught illegally mining Ethereum (ETH).
LINE, a Japanese messaging giant is building a platform for developing central bank digital currencies (CBDC), as per the report by South Korean news agency the Chosun Ilbo. CBDC is the cryptocurrency issued directly by central banks to replace real fiat currency. It is generally different from cryptocurrencies such as
Breitling has, a well-known Swiss company has become the world’s first luxury watchmaker to leverage blockchain technology digital watch certificates. Swiss firm partner with Arianee, an open-source protocol for creating digital identities for valuable items, to issue these watch certificates. Every watch sold by the firm will come with a
Glassnode data shows Ethereum’s total transaction fees recorded their highest-ever earnings in September 2020, stood at an all-time high of $166 million for the month which is more than the $26 million taken in Bitcoin fees. The major factor behind this rise is the growth of the decentralized finance (DeFi)
Mercuryo.io – a fast-growing Estonian startup that bills itself as a European leader in cryptocurrency payment processing solutions closed a €2.5M seed funding led by Target Global, a major international VC fund with €800M+ under management. Mercuryo.io is a cross-border payments network that enables businesses across the world to send and
Bitcoins inflows are high on exchanges, with the motive of selling it but the users are not booking orders despite the BTC price drop. According to Chainalysis data, there was a 26.36 BTC change in Bitcoin held on exchanges which is positive and above the 180-day average. This indicates that
Filecoin started to invite all miners around the world to participate in the second phase of its Space Race contest which helps in preparing its mainnet. Based on the feedback from the first phase of the Space Race contest, Filecoin has decided to create the Space Race 2 (SR2) contest.
Crypto exchange Binance Uganda announced that it will delist its native token Binance Coin (BNB) for not meeting the trading standards. Binance Uganda, an East African crypto exchange that provides the most powerful fiat-to-crypto trading platform. Meanwhile, BNB is presently the 8th largest cryptocurrency with a total market capitalization of
