Solana TVL hits near 1-year high — Will SOL price follow?
The total value locked on Solana surged but is this enough to send SOL price to a new all-time high?
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Ethereum on track to settle $1.6 trillion this quarter
Ethereum's quarterly settlement value is on course to increase by 1,280% year-over-year. Ethereum usage is surging this year, with the value of transactions settled on the network skyrocketing during 2021.According to research from Messari, Ethereum has settled $926 trillion worth of transactions this quarter so far — 700% more than it processed during Q1 2020. The…
Report: Cryptocurrencies Show Signs of Maturing But Remain Too Risky
Bitcoin (BTC) presented historically low volatility this year, argues the Dec. 2019 SFOX report released on Jan. 8. Coupled with a lower correlation with altcoins, there are emerging signs that the market could start to behave in a more predictable way. However, the cryptocurrency asset class remains disproportionately risky compared to the stock market.In its…
Lightspeed Faction launches $285M startup fund for crypto projects
The crypto-oriented venture capital firm announced a fund that will invest in Seed and Series A rounds for promising blockchain projects. 193 Total views 4 Total shares Venture capital firm Lightspeed Faction has created a $285 million fund for crypto startups, according to a Nov. 9 announcement. The fund will focus on “early stage blockchain
IRS proposal to track your Uniswap transactions will dampen the crypto industry
The United States Internal Revenue Service (IRS) is considering a proposal that would have sweeping consequences for the cryptocurrency industry. Investors should be concerned, because it could significantly impact the way that individuals — both inside and outside America — are allowed to engage with digital assets.The IRS is proposing an initiative under Section 6045
Global Enterprises Embrace Public Blockchains as Technology Matures
Some of the billion-dollar businesses across the globe have been embracing blockchain technology to efficiently share sensitive data between multiple parties across a single network. While the concept is welcome, early adopters of blockchain technology have often found themselves lured toward private networks due to security concerns and a greater need for control. Yet, as the…
Iota Partners With Jaguar Land Rover on Crypto Rewards Program, Price Jumps 20%
United Kingdom car manufacturer Jaguar Land Rover will use blockchain network Iota to reward drivers with cryptocurrency for data reporting, the companies confirmed in a press release on April 29.Part of a plan to gather better information on road conditions and vehicle performance, Jaguar will distribute Iota’s Iota tokens to Smart Wallets tied to participating…
US lawmaker proposes safe harbor for digital tokens in new bill
The “Clarity for Digital Tokens Act of 2021” bill seemingly builds on an initiative from SEC commissioner Hester Peirce, who has called for creating a safe harbor for projects that raise funds to build decentralized networks. 140 Total views 2 Total shares North Carolina House Representative Patrick McHenry has proposed a bill which would amend…
Miami will hand out free Bitcoin to residents from profits on city coin
The race to establish America’s biggest crypto hub is intensifying, with Miami emerging as a front-runner by generating millions of dollars in yield from staking Miami Coin. 579 Total views 13 Total shares Every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend according to Mayor Francis Suarez. “We’re going to…