Ethereum‘s infrastructure for smart contract-based decentralized applications has so far been unmatched in the blockchain industry, primarily due to its first-mover advantage. However, this dominance has been waning significantly over the past couple of years with the emergence of several alternative layer 1 networks that offer similar features to Ethereum, often at a lower priceContinue reading “Coinbase diverges from Ethereum, lists Solana based tokens FIDA and ORCA”

After a multi-year period of anticipation and excitement, the Litecoin network has finally released its Mimblewimble update, steering the platform’s path towards becoming a fungible and payment-focused cryptocurrency. With MWEB as an opt-in feature, Litecoin will become the most fungible, cash-like, cryptocurrency in the space – warranting its position as one of the most usedContinue reading “Litecoin goes private with much-anticipated Mimblewimble integration”

Blockchain network Cardano is hitting back at criticism for its lack of development activity since smart contract integration was first launched last year. This is not through words, but an acceleration in decentralized application (dApp) development on the platform. The latest to join Cardano’s DeFi ecosystem is ADAX, as the decentralized exchange announced its mainnetContinue reading “Liquidity protocol ADAX launched on Cardano mainnet, several dApps in pipeline”

The global race between governments to launch a central bank digital currency (CBDC) has heated up exponentially over the past month, especially now that some of these currencies have already been rolled out by countries like Nigeria and the Bahamas. Jamaica joins the race Jamaica may soon join this list as the Caribbean nation isContinue reading “Post successful pilot test, Jamaica may begin nationwide CBDC rollout this quarter”

After a year of enthusiastic ventures and acceptance regarding cryptocurrencies, banks in South East Asia might be in for a hard time going forward, analysts at top financial institutions have warned. Sun rising over the East 2021 was the year that cryptocurrencies truly went mainstream, and emerging economies reaped the benefits of the same throughContinue reading “South East Asian banks venturing into crypto face heightened risks, warns Fitch”

Decentralized platform Harmony saw renewed traction this month. Its native cryptocurrency ONE reaped the benefits of this interest. After hitting a low of $0.13 on 4 December, the price of ONE rose by 163%. Further, the token marked a new all-time high of $0.38 on 14 January. Interestingly, the token has lost over 53% ofContinue reading “Harmony bets on Bitcoin, Ethereum bridges to improve cross-chain ecosystem”

Bitmex, one of the formerly leading cryptocurrency derivatives exchanges, has since fallen out of its heyday owing to the rise of rival exchanges and its own brushes with the law. The China-based platform doesn’t seem to be backing down. In fact, the exchange has decided to embark on a path several other exchanges have takenContinue reading “BitMEX struggles to retain relevancy, launches native cryptocurrency to reward users”

The increase in crypto-adoption across the globe has irked some organizations. The latest to express its reservations about the industry is the United Nations Children’s Fund (UNICEF). The organization has called for greater regulation of crypto-markets that would also incorporate child safety and protection. In its “Prospects for children in 2022” report, UNICEF highlighted severalContinue reading “UNICEF warns against child safety risks associated with crypto-transactions”

Layer 2 protocols aimed at bringing scalability to the ever-congested Ethereum network have been stealing the crypto show ever since the DeFi summer last year. One platform that especially stood out was Polygon, which has become a go-to for many to for many DeFi proponents looking for low fees and high speed on their transactions.Continue reading “Polygon reaches new milestone of 7000 dApps, beats ETH’s daily transaction volume”

Decentralized oracle network Chainlink evidently had a great run in 2021, much like a lot of the leading decentralized finance (DeFi) applications. Its many partnerships over the past year have made it one of the most integrated networks in the space, with over 700 oracle networks, and it is showing no signs of stopping. AsContinue reading “Lending Platform Celsius latest to integrate Chainlink’s Proof of Reserve system”

Russian lawmakers and administration are locking horns over the fate of the country’s cryptocurrency sector, even as the threat of a blanket ban looms over its head. In the latest development, the Russian Finance Ministry has expressed outward support to the asset class by proposing a regulatory framework for cryptocurrencies. This comes in response toContinue reading “First Putin, now Finance Ministry: No crypto ban, rather regulation is the way to go”

All of the cryptocurrency industry appears to be in a panic after $100 million were liquidated in around 24 hours. This has caused Bitcoin‘s price to dip 3.6% during this time, adding on to the 28% it has lost in the entire past month. BTC to cross $1 million? While many are fearful of aContinue reading “Here’s how much Bitcoin may be worth by the end of this decade”