A dispute has taken place within the decentralized finance (DeFi) analytics dashboard DefiLlama, leading the platform to be forked by one of its employees over the weekend. The dispute centers on the company’s plans to launch a token. On March 19, pseudonymous developer at DefiLlama 0xngmi announced the firm’s team was forking the platform, which was “undergoing a hostile takeover”,…
Illustration by Mitchell Preffer for Decrypt Crypto prices rebounded hard this week on news that the U.S. government will intervene to ensure that depositors of the failed industry-servicing institutions Silicon Valley Bank (SVB) and Signature would be made whole. As could be expected, Crypto Twitter was all over the topic, as it was last week; but Monday’s news brought much…
Illustration by Mitchell Preffer for Decrypt Crypto prices rebounded hard this week on news that the U.S. government will intervene to ensure that depositors of the failed industry-servicing institutions Silicon Valley Bank (SVB) and Signature would be made whole. As could be expected, Crypto Twitter was all over the topic, as it was last week; but Monday’s news brought much…
Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search term “banking crisis” reached the top Google Trends score of 100. The related…
Supernets have an advanced technical architecture powered by Polygon Edge, trustless operation via Merkle trees, Ethereum Virtual Machine (EVM) compatibility and custom token support. Supernet architecture is closely tied to that of Polygon Edge. The six modules in Polygon Edge’s architecture that are relevant to supernets include the following: TX Pool: Acting as a repository for pending transactions, this module…
Supernets have an advanced technical architecture powered by Polygon Edge, trustless operation via Merkle trees, Ethereum Virtual Machine (EVM) compatibility and custom token support. Supernet architecture is closely tied to that of Polygon Edge. The six modules in Polygon Edge’s architecture that are relevant to supernets include the following: TX Pool: Acting as a repository for pending transactions, this module…
Bitcoin (BTC) is on track to close the week with gains of more than 23%. The banking crisis in the United States and Europe seems to have boosted buying in Bitcoin, indicating that the leading cryptocurrency is behaving as a safe haven asset in the near term. All eyes are on the Federal Reserve’s meeting on March 21 and 22.…
A rescue plan for Swiss banking giant Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG, multiple reports revealed on March 19. Swiss authorities are considering applying losses to Credit Suisse bondholders as part of the bank’s ongoing recovery efforts, Reuters learned from two sources. European regulators…
BTC price action continues to hold higher, with analysis also flagging the 200-week moving average potentially flipping to support. Source: https://cointelegraph.com/public/index.php/news/bitcoin-levels-to-watch-as-btc-price-eyes-highest-weekly-close-in-9-months
According to statistics, there are now more than 500,000 Ordinal inscriptions on the Bitcoin blockchain as the trend continues to gain significant traction. Onchain data also shows that since inscriptions started gaining popularity last month, Bitcoin miners have obtained 98 bitcoins worth $2.66 million in added fees. The Rise of Ordinal Inscriptions on Bitcoin Blockchain Ordinal inscriptions have surpassed the…
