Dubai is progressing on its journey to transform into a global crypto hub. As of now, the firm will accept only Bitcoin and Ethereum. Binghatti, one of the leading real-estate developers in Dubai, announced in a press release through Khaleej Times on Thursday that it would accept cryptocurrencies as a
Optimism, a leading Ethereum Layer 2 scaling solution, has introduced Balancer Protocol to cut gas costs and dramatically increase the liquidity of DeFi. Due to Ethereum’s difficulties, users of decentralized finance now face exorbitant costs, making it difficult to get started. Optimism launch of Balancer’s technology provides DeFi liquidity provision
TerraUSD’s failure has shattered the hopes of algorithmic stablecoins. Co-founder of Tether and Ethereum says the structure of UST is defective. The issuer of USDC states that the UST structure is a very high-risk foundation for a stablecoin. The recent market crash of the crypto industry has devastated the hopes
The weekly volume growth for Solana was 17.83% during the market down crash. Solana’s unique seller count crossed over 170% in the month. There is an unseen race between Ethereum and Solana NFT for the past month. Both are competing with each in terms of growth rate. Yesterday the weekly
Nike’s ENS investments certainly seem to be part of a bigger plan. The primary domain name holder has authority over all ENS subdomains. Following the acquisition of dotswoosh.eth for 19.72 ETH, or around $35,000, Nike’s Web3 subsidiary, RTFKT, now controls 10 Ethereum Name Service (ENS) domains. “Artifact” is the pronunciation
Milkomeda and Iagon Token Bridge require that users hold at least four milkAda tokens. Token Bridge is currently in beta testing mode. Using the service, investors may use Milkomeda to transfer their USDC from Ethereum to the Cardano Blockchain. As a Cardano Native Asset, the user may change USDC from
Proof of Work Proof-of-work is the algorithm that uses to secure many cryptocurrencies, including Bitcoin and Ethereum. The concept was first proposed in 1993 as a way to combat spam emails, and it was named “proof-of-work” in 1997. Satoshi Nakamoto utilized it to secure the Bitcoin blockchain the technique was
Ethereum’s high-value NFT market has witnessed declining trade activity in recent weeks; conversely, the Solana network generated more NFT volume than Ethereum in 24 hours from May 24 to 25. Solana NFT secondary market sales produced almost $24.3 million in total, while Ethereum sales totaled $24 million throughout all of
The company uses Rollup technology in its Ethereum layer-2 scaling solutions. Ben-Sasson said investors were drawn to StarkEx’s capabilities. Despite the current fall in cryptocurrency markets, Ethereum (ETH) layer-2 developer StarkWare has secured an additional $100 million in its latest financing round. After just six months after its Series C
The luxury brand is still debating which payment mechanism will be utilized. The initial currency accepted will be Bitcoin and Ethereum. Since last year, the number of people using cryptocurrencies has skyrocketed. Coins like Bitcoin and Ethereum have gained a lot of traction in recent years. A well-known luxury brand,
