In summary: Binance has launched the Testnet version of its Smart contract blockchain. Dubbed Binance Smart Chain, it will run parallel to the Binance Chain. Additionally, it will be compatible with the Ethereum Virtual Machine (EVM). The founder and CEO of Binance, Changpeng Zhao, has informed the crypto community via...
Summary: Sandbox has announced a partnership with the skateboarding legend Tony Hawk to build the biggest skatepark in the Metaverse. Autograph NFTs will provide additional access to Tony Hawk’s LANDs on Sandbox. Sandbox has bagged significant Metaverse-based partnerships this month with Playboy, Sout Korea’s KEB Hana Bank, and the Bushidos...
The WallStreetBets insider accused of rugging the recently launched $WSB Coin has returned the stolen funds to the memecoin project. WSB surged by 155% following the return of funds.
Ethereum’s on-trend supply has dropped to levels significantly in the last 30 days According to Ultrasound money, Ethereum has remained deflationary for the past month. The supply of Ethereum’s native token ETH has documented a drop in its on-trend supply, projecting a deflationary asset pattern. Ethereum On-Trend Supply Is Dropping....
3AC-backed Open Exchange has announced a partnership with Gameplan, a sports metaverse launched by UFC star Khabib Nurmagomedov.
BTC recorded its highest daily active address count on 2 August. The recent increase in network activity, surge in loss-making transactions, and growing negative sentiment are all indicators of a short-term price rally for Bitcoin. The number of daily active addresses that trade Bitcoin [BTC] has surged in August, reaching...
Former members of Meta’s blockchain team have now announced a protocol touted as the bedrock for Web3 scalability. Ex-engineers from Facebooks’ Diem project revealed a blockchain network designed to offer unlimited transaction speed and Web3 scalability on Wednesday. Following bureaucratic red-tapism and mounting constraints on Meta’s Diem proejct, four former...
New York-based tech giant IBM has doubled the number of employees on its technical steering committee (TSC) of Hyperledger, a multi-project open-source initiative supported by The Linux Foundation, and established to enhance cross-industry blockchain technologies. Six out of a total of 11 TSC members (for 2019-2020) work for IBM, according...
Mantle’s team said the modular design will allow for quick future upgrades, making it simple to onboard Ethereum updates. The design which splits blockchain activity across separate layers also offers users cheap transactions on a high-performance blockchain, the team said. The team announced its mainnet alpha at the EthCC in...
Overstock Loses Bitcoin Proponent, But Keeps Crypto Focus This week, Overstock, a large pro-Bitcoin and pro-crypto American technology and retail giant, saw its chief executive bite the dust. Patrick Bryne issued a letter to shareholders late last week, announcing that he would be stepping down from his position as a...
Summary: JP Morgan is experimenting with blockchain technology in trading traditional financial assets. JP Morgan plans to expand to tokenized equities, fixed income collaterals, and other asset types. The bank could also dip its feet into DeFi. Earlier this week, JP Morgan’s strategists had said Bitcoin could hit $38k in...
Crypto analyst Moustache believes Ethereum could soon start one of the biggest bull market runs Moustache cited Ethereum’s price trajectory of 2016-2017 as an example, drawing comparisons on how Ethereum’s present price pattern is almost identical to its historical price data of 2016-2017 The recent bear phase of the crypto...