Court denies Kraken’s motion to dismiss SEC lawsuit
The SEC alleges Kraken is operating an unregistered securities exchange.
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These 3 metrics suggest there’s still time for another ‘DeFi Summer’
Decentralized finance (DeFi) has been a big part of the explosive growth seen across the cryptocurrency ecosystem in 2021 as decentralized exchanges like Uniswap and SushiSwap and lending protocols like Aave and Compound have added a new dimension of token utility. Data from Messari’s DeFi Asset index shows that over the past 30 days, a majority of…
Fortnite creators Epic Games raise $2B from Sony and LEGO to fund metaverse plans
Looks like its latest raise brings Epic Games' valuation to $31.5 billion. 1043 Total views 31 Total shares Epic Games, the video game publisher behind the popular PC and console game Fortnite, announced a $2 billion funding round with plans to accelerate the company’s vision to make its mark in the Metaverse. The deal, which is…
DeFi Market Cap Back Above $1 Billion After March Market Crash
The value of the tokens underpinning decentralized finance, or DeFi, protocols has again surpassed $1 billion.The milestone comes amid a spike in the proliferation of DeFi projects, with data aggregator DeFiMarketCap estimating 246 projects to be active.The combined capitalization had crashed below $1 billion amid the March crypto crash that sparked a liquidity crisis for…
Major Insurers Take the Plunge to Underwrite Risk in the Crypto Space
Big-name insurers such as AIG, Allianz, Chubb, and XL Group are increasingly tailoring coverage options to protect businesses in the crypto space, Bloomberg reports July 19. Aon, a major insurance broker that claims to occupy 50 percent of the crypto-insurance market, told Bloomberg the firm is seeing more crypto-specific protections catering to the new industry.…
CoinMetrics Finds the ‘Coinbase Effect’ is Actually Pretty Lame
CoinMetrics has found that the impact of Coinbase Pro listing announcements is overstated, producing price performances ranging from -1% to +14% over 20 days. 884 Total views 13 Total shares The fabled ‘Coinbase Effect’ has a much more limited impact on the price of newly listed coins than is popularly believed, according to CoinMetrics.The crypto…
Understanding staking pools: The pros and cons of staking cryptocurrency
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Journeys in Blockchain: Ray Youssef of Paxful
“I’m coining this term right here, right now,” Ray Youssef declares. “Financial Apartheid.”The CEO and co-founder of Paxful is on a mission. “It’s what has held Africa back more than anything else.”“How advanced would the United States be if you couldn’t send money from New York to Florida? From New York to California? From Oregon…
Avalanche’s HyperSDK blockchain upgrade hits 143K TPS on testnet
Ava Labs is testing a high-throughput framework that will enable developers to build their own virtual machines. 14 Total views 1 Total shares Smart contract layer-1 blockchain network Avalanche's testnet has reportedly hit over 140,000 transactions per second during testing of its HyperSDK blockchain upgrade.Avalanche is currently testing a framework for building high-performance Virtual Machines