Non-USD stablecoins can spur adoption: Report
Cryptocurrencies, including stablecoins, still only pay for 0.2% of online commerce transactions globally, according to the report.
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Diem co-creator leaving Facebook for Planet Labs
Kevin Weil has previously said that the launch of the Facebook-backed stablecoin would be "a journey of years and decades." 1437 Total views 2 Total shares Kevin Weil, the vice president of product at Facebook's digital wallet unit and one of the creators of the Libra token, now called Diem, will be leaving the social…
Is there a future for digital fashion in the Metaverse?
ourtesy of Kat Taylor Cattytay, digital fashion appeared in 2017. However, we began to talk loudly about it only in 2020. It all began five years ago when Kat first made an Instagram post with the caption “Virtual Clothing!!!”Then, there was a collaboration with Adidas, Off-White, Vetements and Balenciaga. These brands were interested in introducing…
Decentralized insurance could save DeFi from contagion, according to ShapeShift report
Decentralized finance has many of the hallmarks of previous cryptocurrency bull markets: incredible gains, extreme volatility and massive risks. In a new report, leading noncustodial cryptocurrency exchange ShapeShift explains the four biggest risks facing DeFi investors and why the emerging field of decentralized insurance could offer a solution.The report, titled "Spreading the Risk: Decentralized Insurance,"…
Bitcoin Price $8K Bounce Now Aligns Perfectly With Stock-to-Flow Chart
Bitcoin (BTC) escaped a fresh dip to $7,500 on Sept. 25, avoiding the worst scenario analysts had warned about before its major crash.Cryptocurrency market daily overview. Source: Coin360Bitcoin circles $8.3K halving predictionData from Coin360 showed the largest cryptocurrency paring some losses between $8,000 and $8,500 on Wednesday. Previously, BTC/USD had bottomed out below $8,000 on some…
When levees break, liquidity flows — Analyzing Ethereum Shapella and liquidity staking derivatives
The Ethereum network’s planned Shanghai hard fork is nearly here. Planned for April 12, this is the first major upgrade since The Merge in September 2022. The “Shapella” upgrade (a combination of the two major proposals Shanghai and Capella), includes EIP-4895 which enables validators to withdraw staked ETH from the Beacon chain (Consensus layer) to…
Bitcoin fees remain low despite price surge but Vitalik says they could soar
Bitcoin transaction fees are less than 10% of their 2017 highs, but Vitalik Buterin believes it’s only a matter of time before they soar back up. 2194 Total views 18 Total shares Despite Bitcoin’s surge to re-test its 2017 highs, a combination of low on-chain transactions and diminished retail speculation has seen transaction fees remain…
FTX loses $53K every hour on ‘bankruptcy fees,’ latest filings show
More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October, amounting to $1.3 million per day. 347 Total views 10 Total shares In the three months ending Oct. 31, defunct crypto exchange FTX has been burning through approximately $53,000 every hour on bankruptcy lawyers and advisers
Exchange adds tBTC minting capabilities, lowering barrier to entry
Users can now mint tBTC, a decentralized version of Bitcoin on the Ethereum blockchain, right on the CoinList exchange. 1182 Total views 14 Total shares tBTC acts as Bitcoin (BTC) covered in an Ethereum wrapper, making it compatible on Ethereum’s blockchain for various purposes, such as decentralized finance, or DeFi. Users of tBTC can now mint…