Grayscale ETH ETF stems bleeding as activity spikes on Ethereum
The Grayscale Ethereum Trust has posted its first day of zero outflows since its conversion to a spot ETF amid a surge of network activity on Ethereum and its layer-2 networks.
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Bitcoin ‘millionaire’ wallets drop 80% in year of BTC price bear market
Bitcoin (BTC) millionaires are becoming an increasingly rare breed as numbers fall 80% in a year.According to the latest data from on-chain analytics firm Glassnode, there are now just 23,000 wallets with a BTC balance worth $1 million or more.1 year, 90,000 fewer million-dollar BTC walletsIn yet another indication of how far the crypto market…
Uniswap founder dismisses copycat that could ‘steal’ 75% of its liquidity
Uniswap’s founder Hayden Adams is railing against SushiSwap, a five-day-old fork of Uniswap’s decentralized exchange, which has managed to attract over $1.3 billion in value locked over its short lifespan.Like most other liquidity mine launches, participants can stake their assets to earn SUSHI — the project’s token. The twist is that the assets are Uniswap…
Tech Giants Are Role Models in Developing Cross-Chain Interoperability
The recent release of a report from the World Economic Forum and Deloitte on blockchain interoperability revealed the true complications of inter-blockchain communication. Cross-chain has been one of the major discussion points in blockchain development circles over the last few years, particularly as many public blockchains look to increase their scalability and throughput. Large web service…
20 wild attempts to create crypto micronations or communities
by Jillian Godsil 11 min January 31, 2023 From repurposed cruise ships like MS Satoshi to the blockchain-governed Liberland and Satoshi Island, crypto fans are trying to create utopian new communities built around new rules. We can’t blame Elon Musk for dreaming of moving to Mars — the human race has always been curious about…
SWIFT CEO Reveals Plans to Integrate Blockchain Consortium R3 Tech
This article has been updated to reflect the breaking news events.Major global banking payments network SWIFT has revealed it plans to integrate technology from enterprise blockchain software firm R3.Speaking at the Paris Fintech Forum on Jan. 30, CEO Gottfried Leibbrandt said SWIFT would be formally announcing its plans for a Proof-of-Concept (PoC) with R3 later…
Breaking: Paypal launches PYUSD stablecoin for payment
Payment processing giant PayPal started crypto payments in March 2020 and since then has been actively involved in the crypto payment sector. 896 Total views 7 Total shares American financial technology company PayPal launched a new crypto stablecoin called PayPal USD (PYUSD) on Aug. 7. The new US dollar-backed stablecoin will be issued by Paxos Trust…
Country-wide Bitcoin adoption a mixed bag for national economies
Country-wide Bitcoin adoption could boost financial inclusion and trade, but challenges like volatility and regulatory hurdles might create mixed economic impacts.
You can make money playing in virtual worlds: Gabby Dizon
Altitude Games CEO Gabby Dizon thinks the science fiction-inspired virtual reality Metaverse is being created all around us at increasing speed. “The Metaverse means different online worlds that are interconnected upon some form of shared economy. Usually, this economy is based on a blockchain,” explains Dizon, who also heads Yield Guild Games.While he thinks we’re…