DeFi market fell off cliff in Q2 but users haven’t given up hope: Report
While on-chain activity slowed down, the DeFi industry has managed to retain most of its daily active users. Go to Source Powered by WPeMatico
Month: July 2022
Indian blockchain firm 5ire secures $100M to fund sustainability-focused project
An Indian development firm looks to create a bridge between sustainability and blockchain technology with a proprietary layer-1 protocol incentivizing the use of United Nations sustainable development goals. Go to Source Powered by WPeMatico
Shanghai Aims to Grow a $52 Billion Metaverse Cluster by 2025
The Government of the city of Shanghai has proposed a group of guidelines to help it shift into a metaverse power. The plan of action defines each one of the technologies that the municipality needs to focus on to achieve the goals of building a $52 billion metaverse economy, while at the same time helping … Read more
BTC mining costs reach 10-month lows as miners use more efficient rigs
It now costs less to mine a single Bitcoin which could help to reverse the falling profitability trend while lowering power demands on the network. Go to Source Powered by WPeMatico
34% of gamers want to use crypto in the Metaverse, despite the backlash
According to Globant, 34% of gamers are interested in conducting crypto transactions in the Metaverse, while 16% have purchased NFTs in the past. Go to Source Powered by WPeMatico
Russia Considers Jail Time for People Helping Crypto Scammers Launder Proceeds
The interior ministry of Russia has decided to go after those providing money-laundering services to crypto fraudsters, suggesting they should go to prison. The department wants to introduce criminal liability for the activities of these people, also known as ‘droppers.’ Law Enforcement in Russia Targets Droppers Involved in Fraudulent Crypto Schemes The Ministry of Internal … Read more
Celsius bankruptcy filings show a company in deep trouble
The bankrupt CeFi crypto lender is about $1.2 billion in deficit, with the majority of its liabilities being customer deposits some believe they may not be required to give back. Go to Source Powered by WPeMatico
Cryptocurrency Explained – How Can It Be Used?
Cryptocurrency is often viewed purely as an investment vehicle. With the surge in Bitcoin over the years, many investors have become millionaires in a few short years. It’s easy to forget that cryptocurrency utility increases with every passing year. Let’s go into some ways you can use different cryptocurrencies as a utility vehicle and a … Read more
Celo network back online after almost 24-hour outage
It was the first time the Celo mainnet had gone down in more than two years. Go to Source Powered by WPeMatico
Robert Kiyosaki Says in Cash Position Waiting to Buy Bitcoin — Asset Prices Are Crashing, ‘Greatest Sale on Earth’ Incoming
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has advised investors not to miss “the greatest sale on earth.” He said asset prices are crashing and indicated that he is waiting in cash position to pick up bargains, including bitcoin. Robert Kiyosaki Waiting to Buy Bitcoin The author of Rich … Read more