This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
The EIP-3554 implementation delays the activation of the difficulty bomb by six months giving some extra time for miners. However, the developments with PoS transition make it clear that Ethereum miners’ revenue will slowly come down to nil.
MXC, an ambitious crypto start-up building the world’s largest free wireless IoT Network, raises almost $100m from institutional crypto investors.
Angle Labs aims to democratize the use of stablecoins in DeFi by creating a cutting-edge derivatives-backed stablecoin protocol.
The report attributed a large part of growth to the launch of VC and crypto hedge funds between 2017 and 2018 which subsequently saw the total AUM of crypto funds nearly double year-over-year from 2019 to 2020.
Eth 2.0 is anticipated to deal with mainnet’s low throughput and high transaction fees compared to the upcoming smart contract blockchain dubbed Ethereum killers.
There are suggestions that both Dapper Labs and the NFL are wagering on the league’s popularity to drive public interest in this type of marketplace again.
However, the timing for a Revolut crypto token is subject to approval from the United Kingdom’s regulators.
The comparison was drawn by the senior economist and market strategist at the bank – Marion Laboure.
Bloomberg Intelligence’s senior commodity strategist expects the arrival of Bitcoin ETF in the US next month that could propel the Bitcoin price rally to $100,000.
In a quest to empower creators, Polinate successfully closed a $1.25M fundraise with massive support from notable blockchain players and leading venture capital firms.
In a highly controversial transaction, Bitfinex ended up paying a staggering 7,676 ETH for transferring just $100K worth of USDT. The miner of the block, however, has confirmed to return the transaction fee amount.
PERP and DYDX are the two DeFi tokens leading the current boom in the crypto market. PERP token has recorded a 55% gain in the last 24 hours, taking its trading price to $17, according to data from Messari.
On Friday, the Chinese Central Bank declared cryptocurrency activities illegal in the country and vowed to crack down on all cryptocurrency activities within its boundaries yet again.
The Worthpad ecosystem is building out its platform to serve as a one-stop shop for all things DeFi.
Apart from the ban on mining, China has extended its crackdown to cover all information and financial services related to crypto.