Last week, Facebook rebranded to Meta and announced its plans to kickstart the development of the Metaverse an entirely new way of interacting and navigating the internet. Now, the Metaverse landscape has a multi-billion dollar corporate behemoth vying for the helm, which has made its future all the more uncertain. Whether we like it or not, major corporations will likely…
This week in coins. Illustration by Mitchell Preffer for Decrypt. Last week, Bitcoin and Ethereum set new all-time highs, but things cooled off for Bitcoin this week. Instead, Ethereum Solana and Polkadot took up the baton and charged on ahead, all of them setting new all-time highs midweek. Polkadot hit a new record price of $55. Its worth around $49…
While crypto enthusiasts were sending out their GM tweets from Lisbon last week, Shanghai held its only state-sanctioned blockchain event, Shanghai International Blockchain Week. Hosted by Wangxiang Blockchain Labs, the event usually brings together the government, enterprise, academic, and DeFi degen side of the industry with a mix of excitement and anxiety. Blockchain was publicly listed as a key industry…
Non-fungible token (NFT) assets have seen significant demand since the beginning of 2021 and third quarter statistics show that key indicators have continued to rise. Just recently nonfungible.com published its Q3 2021 NFT Quarterly Report which shows active wallets increased, the number of NFT buyers has risen, and the number of sellers has grown faster than the amount of buyers.…
press release PRESS RELEASE. Litentry, a decentralized identity aggregation protocol, has revealed the launch of its Crowdloan Reward Program scheduled to go live from November 4, 2021. This represents a significant development in its quest to win a slot ahead of the upcoming Polkadot parachain auction. Join the crowdloan on Binance now to enjoy 20% LIT (20,000,000 LIT) total supply…
DeFi Friday is Decrypt’s DeFi email newsletter. (art: Grant Kempster) MakerDAO mints the markets most popular decentralized stablecoin, DAI. Pegged to the U.S. dollar and backed by a variety of cryptocurrencies, DAI has a special place in the heart of crypto enthusiasts. Unlike its larger, more centralized counterparts like Circles USDC and Tethers USDT, DAI cannot be blacklisted, censored, or…
American social media giant, Reddit, may soon convert users karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer. A series of tweets made by Reddit engineer, Rahul, highlights Reddits efforts to improve user interaction through various cryptocurrency initiatives. As Cointelegraph reported in July 2021, the platform…
On November 5, Bakkt Holdings announced that the firm will soon let customers buy, sell, and store ethereum after offering bitcoin only since the company’s launch. The firm notes that adding ethereum comes at a time when digital currency interest and adoption continue to see significant growth. Bakkt Announces Ethereum Support Bakkt (NYSE: BKKT) has announced the company will “soon”…
Following Vitalik Buterins call for more social application use cases on Ethereum earlier this summer, multiple crypto companies voiced intentions to build decentralized versions of mainstream social networks like Twitter. However, to create and view crypto-centered social platforms as merely decentralized versions of Twitter is shortsighted. The moral and technical implications of creating truly decentralized social networks that abide by…
While the Central Bank of Nigeria (CBN) continues to tout the e-naira’s credentials as a tool for fostering financial inclusion, some experts agree that this central bank digital currency (CBDC) is presently not doing this. The CBDC’s Chaotic Start This assertion as well as the e-naira app’s brief removal from Google Play Store appears to lend credence to claims the…
