In brief Patreon is considering letting creators use crypto tokens to monetize their fanbases. Creator-centric social tokens are already available via platforms like Rally and Roll. Patreon lets creators earn income directly from supporters via subscriptions, potentially yielding stronger bonds with fans while enabling new types of business models. Now, the service says that it is considering adding the option…
Ardana, a stablecoin ecosystem built on the Cardano (ADA) blockchain, received $10 million in seed capital from a group of investors led by Three Arrows Capital and Ascensive Assets. Ryan Matovu, CEO and co-founder of Ardana, issued the following statement regarding the deal: As the first all-in-one stablecoin ecosystem built on Cardano, our platform provides users with convenient access to…
The Zimbabwean Finance Minister, Mthuli Ncube, recently told business leaders that he is not planning to make the U.S. dollar the country’s sole currency again. Government Focused on Strengthening Local Currency Instead of entertaining those calling for the dollarization of the Zimbabwean economy, Ncube suggested his ministry is in fact focused on defending the value of the zimdollar. According to…
Bitcoin is mathematical purity and impossible to be copied, said Apple co-founder and ‘Unicorn Hunters’ Circle of Money Investor, Steve Wozniak, in an interview with Yahoo Finance on October 29. “Look at the U.S. dollar, the government can just create new dollars and borrow; it’s like you never have it fixed, like Bitcoin,” Wozniak told Brian Sozzi and Julie Hyman.…
Two blockchain entrepreneurs have launched a new cryptocurrency fund designed to bootstrap promising Web 3 startups, sending a strong signal that venture capital is eyeing the next builders of the decentralized internet. On Friday, Kevin Chou and Mahesh Vellanki unveiled SuperLayer, a crypto venture studio building Web 3 projects directly on the Rally network, a crypto-social platform that lets creators…
On October 29, the total value locked (TVL) in decentralized finance (defi) protocols is around $243 billion with Curve capturing 7.76% of the dominance. Meanwhile, as ethereum has the largest dominance of TVL in defi, a number of alternative blockchains are seeing significant increases every week. Moreover, the TVL in cross-chain bridge technology has reached $22.48 billion, up 48.8% over…
The promise of a longer and healthier life has dominated both cultural and medical discourse for centuries. From the first accounts of Nicolas Flamels philosophers stone granting immortality to the latest superfood that promised to reverse aging, we are captivated by the idea of a longer and more vibrant life. Encouragingly, the longevity sector has proven that a longer and…
HIVE Blockchain ordered 6,500 bitcoin mining machines from Chinese maker Canaan. The purchase builds on the two firms’ partnership which has sent the Canadian miner over 10,000 machines this year. HIVE expects to reach 2 EH/s BTC mining capacity by the end of 2021. Bitcoin miner HIVE Blockchain has secured another purchase order of Canaan machines, the manufacturer announced in…
Ubisoft, one of the worlds largest video gaming organizations responsible for creating popular franchise games such as Assassin’s Creed, Far Cry, and For Honor hosted their Q2 earnings call this week, where blockchain was a key topic of discussion. Alongside reporting a 15% increase of unique active players in the first half of the year compared to 2020, and that…
Welcome to the latest edition of Cointelegraphs decentralized finance (DeFi) newsletter. The DeFi space was full of fundraising this week. Read on to discover where the venture capital firm led by Reddits co-founder is making notable investments. What youre about to read is the smaller version of this newsletter. For the full breakdown of DeFis developments over the last week,…
