Ethereum scaling solution Polygon has strengthened its grip on the DeFi ecosystem further after members of Uniswap voted in favor of deploying its smart contracts on the former. The third iteration of the decentralized Automatic Market Maker, Uniswap V3, will be rolled out on Polygon “within a few days,” revealed a Twitter announcement by theContinue reading “Uniswap votes to deploy v3 smart contracts on Polygon”

The cryptocurrency industry is steadily roping in Wall Streets giants. In its year-end letter, LionTree’s Chairman and CEO Aryeh Bourkoff highlighted the exponential growth and potential of the budding sector. Thus, citing the recent quest by the ConstitutionDAO to buy the American Constitution’s NFT. He said, “It epitomizes the potential of the new economy: cutting-edgeContinue reading “Crypto becoming ‘impossible to ignore,’ as it ropes in more Wall Street investors”

Bitcoin‘s struggle to break free from its current price barriers is turning out to be detrimental for the top cryptocurrency’s future outlook. Speaking to CNBC, Eswar Prasad, who is Senior Professor of International Trade Policy at Cornell University said, “The promise of decentralized finance using blockchain technology is a real one but Bitcoin itself may notContinue reading “Expert says ‘promise of DeFi is real;’ Bitcoin headed in this direction”

Play-to-earn games have become all the rage within the cryptocurrency sector. It has often provided users with an alternative source of income and fueling the NFT mania even further. This growth could be seen playing out at the peak of the coronavirus pandemic when many who lost their jobs, saw these games as means ofContinue reading “Why utility is an important aspect of Axie Infinity, what challenges it is facing”

The NFT mania that engulfed the cryptocurrency industry earlier this year is showing no signs of stopping anytime soon. Interestingly, this NFT sector helped in onboarding hordes of new users to the space. It also led to the growth of several rival blockchains such as Solana that are vying for Ethereum‘s top spot in theContinue reading “Is it time to recognize the possibility of NFT development on Bitcoin network”

Founder of Tron blockchain, Justin Sun, has announced that he will be stepping down from his duties at the Tron Foundation, which itself will soon be dissolving. Sharing the news on Twitter, Sun also revealed that he has been appointed as an ambassador of the Grenada government to the World Trade Organization in Geneva. HeContinue reading “Justin Sun moving on from Tron, network moves towards full decentralization”

The cryptocurrency boom witnessed in the last couple of years has sprung many countries into action over regulating the digital industry. Naturally, their regulatory approaches have varied based on factors relating to their individual economies. The International Monetary Fund, however, is firming its insistence on adopting a global regulatory framework instead. IMF’s chief economist GitaContinue reading “IMF Chief Economist stresses on ‘need for global policy’ on crypto regulation”

Germany-based leading stock exchange operator Deutsche Börse Group has completed its acquisition of a majority stake in Swiss fintech firm Crypto Finance AG, marking another milestone in the company’s continued foray into the cryptocurrency industry. The exchange can now act as a direct entry point for digital asset investments and other post-trade services, such asContinue reading “German stock exchange Deutsche Börse acquires majority stake in Crypto Finance”

In an environment filled with recurring regulatory FUD, the United States Federal Reserve Chair Jerome Powell has shared a fresh perspective on how the cryptocurrency industry should be monitored and controlled. Speaking at a press conference to address the recent interest rate decision, Powell opined that cryptocurrencies don’t pose a danger to the country’s financialContinue reading “U.S. Fed Chair says cryptocurrencies unlikely to disrupt financial markets”

Running and managing a decentralized platform is no easy feat due to a clear lack of protocol guidelines often found in Decentralized Autonomous Organizations (DAO). The most recent evidence of the same can be seen with the SushiSwap debacle, with CTO Joseph Delong quitting the decentralized exchange in a rather public and messy manner dueContinue reading “How to correct SushiSwap’s functionality amidst ‘corporate infighting’”

Ever since Bitcoin was adopted as legal tender in El Salvador, the country has been coming up with innovative ways to integrate it into the economy. So much so that plans to build a “Bitcoin City” have also been announced recently. In fact, the same will be funded via a $1 billion “Bitcoin Bond” withContinue reading “El Salvador’s Bitcoin City and why it could be a ‘pretty attractive opportunity’”

The mania around Non-Fungible Tokens (NFT) has only seen a whirlwind spike over the past year, with sales crossing $12.7 billion. Such sales figures have made  it the best-performing cryptocurrency sector. In fact, over 73,000 NFT sales worth a whopping $271.5 million have been made in just the past week alone. With an added boostContinue reading “Solana co-founder believes NFTs will eradicate ‘external poison marketplaces’”