Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs)…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Spanish Telecom Giant Invests in Crypto Exchange, MicroStrategy Looking for a Bitcoin Lightning Software Engineer + More News Read more »Sign up for e-EUR – the progressive stablecoin
U.S. hedge fund Pantera Capital has unveiled plans to raise as much as $1.25 billion for the company’s second blockchain fund, indicating that institutional investors have a growing appetite for cryptocurrencies in spite of the latest market downturn…. Read More: Pantera Capital Seeks $1.25 Billion for Second Blockchain Fund Read more »Sign up for e-EUR…
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Charles Hoskinson, co-founder of Ethereum (ETH) and co-founder of Cardano (ADA), said that venture capital (VC) funds will come “organically” when Cardano decentralized apps (dapps) start seeing million-dollar valuations. During Mainnet 2022 in New York, USA, in an interview moderated by Ryan Selkis, co-founder & CEO at Messari, Hoskinson basically argued that ‘if you build…
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On Wednesday, the decentralized oracle network platform, Chainlink, announced the launch of a market-wide interest rate product for Web3 protocols and the decentralized finance (defi) economy, called the CF Bitcoin Interest Rate Curve (CF BIRC). Chainlink revealed the new product at Smartcon 2022 in New York City, and the newly launched CF BIRC product aims…
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The UAE Ministry of Economy continues its push into the Metaverse with the announcement of a “third address” located in a virtual world. The United Arab Emirates (UAE) Ministry of Economy has announced a new headquarters located where anyone in the world can visit — the Metaverse. According to Gulf News, the announcement was made on…
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Illuvium’s co-founder says they want to build a series of blockchain games connected to each other, forming an ecosystem of interconnected titles which share NFTs. Kieran Warwick, co-founder of the blockchain role-playing game Illuvium has lifted the curtain on a gaming concept he says has never been done before — the interoperable blockchain game (IBG). …
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Thai SEC Comes After Bitkub Exchange, OpenSea Rewards Whitehats, BIS Working With (at Least) 7 Central Banks on CBDC Projects + More News Read more »Sign up for e-EUR – the…
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Can Web3 replace Web2… and what stands in the way of this happening? We look at some of the biggest challenges facing this burgeoning sector right now. Web3 is the buzzword that’s on everyone’s lips — but when you put the mania aside for a moment, there’s a burning question that needs to be asked:…
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In the aftermath of its aggression against Ukraine, Russia is intensifying plans to use its central bank digital currency (CBDC), the digital ruble, in the country’s trade with China. The development could encourage other nations across the world to use CBDCs in mutual settlements with foreign partners, accelerating global crypto adoption…. Read More: Why Russia’s…
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