Category: Blockchain

The decentralized finance (DeFi) sector has played an instrumental role in Ethereum (ETH) adoption. For instance, Ethereum DeFi users reached a historic high of 4 million, according to Dune Analytics.  The market insight provider also illustrated that Uniswap was the most sought-after DeFi platform on the Ethereum network.  DeFi users have been going through the

Invesco investment management firm is moving into the crypto Exchange-Traded Product (ETP) space with its launch of a physical bitcoin exchange-traded product in Europe. This comes after the investment company dropped a filing for a Bitcoin futures Exchange-Traded Fund (ETF) in the US.  Deutsche Börse, a German company providing marketplace organizing for the trading of

Interactive game company WildWorks said it will enter the field of encrypted games and establish a new department focused on the development of the NFT virtual game community. Wildworks has 18 years of experience in building games and online virtual worlds. From January, the Wildworks team began preparing for the new blockchain native metaverse called Cinder. Users

The United Arab Emirates, through the Emirates Post Group (EPG), is set to launch the region’s first Non-Fungible Token-backed postage stamps. As reported by TradeArabia, the NFT-backed postage stamps will be officially launched by Thursday, December 2. According to the EPG, the NFTs will have a dual identity, one as an NFT and the other

Ever since institutional investments started trickling into the Bitcoin market, the leading cryptocurrency has experienced exponential growth, with its market capitalization topping $1 trillion. One of the notable institutional investors includes American business intelligence firm MicroStrategy that has continuously accumulated Bitcoin to 121,044 BTC over the past year. The firm’s CEO Michael Saylor confirmed the

Bitcoin (BTC) experienced its largest correction since setting a new all-time high (ATH) of $69K by hitting a 6-week low of $54,000.  This was partly caused by long-term Bitcoin holders offloading their supply. On-chain analyst Dylan LeClair explained: “With asset classes selling off on fears of a new coronavirus variant, we can see the

Despite retracing from an all-time high (ATH) price of $4,860 recorded earlier this month, Ethereum supply on exchanges continues to nosedive. On-chain analyst Matthew Hyland confirmed: “The amount of Ethereum supply on exchanges is crashing further down. Only 12% of the Ethereum supply is now left on exchanges.”   Whenever coins leave crypto

Many people were over-excited when the news about Ethereum 2.0 broke out. However, the upgraded system to the already existing Ethereum blockchain has not fixed issues associated with transactions, scalability, and sustainability. Ethereum 2.0 has left a major common problem, “front-running,” which crypto investors are still facing. This problem continues causing the loss of thousands

Paytm’s founder and Chief Executive Officer Vijay Shekhar Sharma has doubled down on his trust in crypto’s ability to go mainstream in the next 5 years. Speaking at the annual session of the Indian Chamber of Commerce, Sharma admonished Federal regulators to take a stand in relation to crypto regulations, adding that the clarity this will bring

The Board of Control for Cricket in India (BCCI) has issued a directive to all franchises in the world’s richest cricket league, the Indian Premier League (IPL), to desist from partnering with crypto exchanges in any form. According to the Economic Times of India, the stance of the BCCI was borne out of the fact that the nascent asset