Eclipse targets October to launch ‘Solana on Ethereum’ L2

In 2020, newly launched NFTs projects experienced costly gas wars that are gas priority auctions where buyers battle to secure their spot on the next block, potentially losing ETH to failed transactions. In 2021 digital scarcity and utility drove the NFT hype in the constantly surging markets and toward the end of the year, how…

South Korean business-to-business fashion platform Sinsang Market has joined the Terra Alliance ecosystem, a stablecoin-focused association of large e-commerce companies.As South Korean economics-oriented newspaper EconoNews reported on Aug. 3, the partnership between Sinsang and Terra aims to create a payment system that deploys Korean mobile payment service CHAI. CHAI utilizes Terra’s blockchain technology to ensure…

The first blockchain association in Mexico has formed, its founding members including industry players like blockchain software firm ConsenSys, Forbes Mexico reported Nov. 28.The Blockchain Association of Mexico was established companies Bitso, Volabit, BIVA, GBM, Lvna Capital, ConsenSys and Exponent Capital. The organization’s objective is to educate citizens in the technology’s deployment and its potential…

Whenever there's data out on futures contracts liquidation, many novice investors and analysts instinctively conclude that it's degenerate gamblers using high leverage or other risky instruments. There's no doubt that some derivatives exchanges are known for incentivizing retail trading to use excessive leverage, but that does not account for the entire derivatives market.Recently, concerned investors…

The media outlet claimed the public and press had a right to receive information on a "central participant in a financial scheme that defrauded investors of billions of dollars". 237 Total views 3 Total shares The New York Times has submitted a filing in the criminal case against former FTX CEO Sam Bankman-Fried (SBF), arguing…

Only 8.1% of Bitcoin is held on exchanges compared to Ether where almost one-quarter of the supply sits on exchanges. 973 Total views 12 Total shares Almost one-quarter of Ethereum’s (ETH) circulating supply is held on cryptocurrency exchanges, according to analytics platform ViewBase.The website shows that 26,768,260 ETH are on exchanges, equating to 23.6% with…

In 1602, the Dutch East India Company was formed in what many consider the world’s first initial public offering — allowing perfect strangers to share in stock ownership. Four centuries later, the joint-stock model — especially its incarnation as the modern business “corporation” — sets the pace for much of the economic world.But, decentralized autonomous…

A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail. 324 Total views 4 Total shares A New York lawmaker has introduced a new bill that would see dollar-pegged stablecoins accepted as a legal form of payment for bail bonds. The partisan bill, introduced…

Polygon prices look poised to rise by at least 30% in the wake of a key Jan. 18 upgrade that would push a considerable portion of its native MATIC token out of circulation.Dubbed EIP-1559, the improvement proposal originally came to light as part of Ethereum's so-called London Hard Fork upgrade on Aug. 5. The proposal effectively…