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Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish

AVAX is trading below $65, but the network’s large DeFi ecosystem and DApp use are reflective of its strong fundamentals. Avalanche (AVAX) price is down more than 30% in April, but despite the negative price move, the smart contract platform remains a top contender for decentralized applications due to its scalability, low-cost transactions and its…
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ECB, Eurosystem begins experimental prototyping of digital euro customer interface

Up to five banks or other payment services providers will be selected to participate without compensation in the development of the digital euro front end. Progress will continue on the development of the digital euro as the European Central Bank (ECB) and Eurosystem have begun looking for companies to participate in an exercise to prototype…
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4-digit ENS domains spike in demand this week and continue soaring

Ethereum users rushing to purchase scarce three- and four-digit names have been driving NFT market sales activity. Since Ethereum Name Service, or ENS, released 10,000 four-digit .eth domains ranging from 0000 to 9999, the nonfungible token collection has caused a stir among NFT investors, speculators and enthusiasts alike. After all 10,000 ENS names sold out…
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Tech Start-up ‘Picture This’ Drops First Photography NFT With Renowned Photographer Christian Houge

On April 29, photography-focused tech start-up Picture This is finally launching the ‘Polar Bear’ NFT, which raises awareness and money towards climate change and the impact humans have on our planet. Digital artworks have seen a booming rise in sales and popularity since the start of the decade. Minting art as an NFT…
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The Floor Value of Bored Ape Yacht Club’s NFT Collection Taps 152 ETH

The non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC) has seen its floor value jump to 152 ether ($430K) for the cheapest Bored Ape NFT. Since September 1, 2021, the floor value of the BAYC NFT collection jumped from 25 ether ($70K) to today’s 152 ether, climbing more than 500% in value over the…
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There’s an Insatiable Urge to Burn Crypto — A Look at Why Projects Burn Tokens and the Benefits

In recent times, cryptocurrencies that burn tokens have been very popular and a number of well known blockchain projects have destroyed large sums of digital assets. While a number of crypto projects have different burn schemes, the overall effect is usually the same, as destroying tokens reduces the circulating supply. Blockchain Projects Burn Tokens for…
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Argentinian Government Advances the Creation of a National CBDC

The Argentinian government has taken the first steps in the launch of its own central bank digital currency (CBDC). A new decree identified the number 207/2022 gives new faculties to the Argentinian mint to involve in the investigation, development, and issuance of digital currencies. This puts Argentina on the trail of countries like Brazil and…
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Elon Musk Is First in Line as Ukrainian NFT Museum MetaHistory Launches Hall of Fame

Elon Musk is the first inductee into the Ukrainian NFT Museum MetaHistory’s Hall of Fame, but he will not be the last. Some other famous inductees include: Mila Kunis, Elton John, Jared Leto, Jim Carrey, and Benedict Cumberbatch. The Hall – MetaHistory’s Hall of Fame Since the start of the war in Ukraine many…
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Axie Infinity’s Post-Hack Metrics Beckon Optimism, Not Despair

  Daniel C. Park is the data journalist at Covalent, a blockchain data specialist. ______    The theft of USD 625m from Ronin unfazed Axie Infinity players’ bullish feelings, a remarkable tale and test of brand loyalty that validates Sky Mavis’ USD 3bn valuation. The cascade of SLP and AXS withdrawals never manifested. Not after Binance…
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Crypto Adoption Continuing in Developing Countries Despite Price Drop

  Despite a challenging backdrop with rising rates and falling stock prices, real-world adoption of crypto is continuing, with developing countries known for depreciating fiat currencies having the highest levels of crypto adoption worldwide, a new report from DappRadar has said…. Read More: Crypto Adoption Continuing in Developing Countries Despite Price Drop  Read more »Pay,…
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