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...
In summary: The Compound (COMP) token has been listed on Coinbase and Binance in quick succession. The popularity and rise of the COMP token and Compound Finance have turned the spotlight to the DeFi industry. As a result, Poloniex has listed more DeFi tokens. Weiss Ratings believes DeFi is revolutionary...
Quick take: The EOS based social media platform of Voice is in Beta testing with only registered users allowed to publish. The full launch of the platform is slated for mid-August. The need for decentralized social media comes at a time when Apple, Amazon, Google and facebook have been accused...
In summary: The team at IOTA has kicked off the first stages of IOTA 2.0. The latter upgrade will remove IOTA’s centralized Coordinator and usher in an era of a fully decentralized and scalable DLT. IOTA 2.0 will be carried out in three phases codenamed Pollen, Nector and Honey. Back...
The European Union is more open to cryptocurrency than you think. They have been discussing options to integrate cryptocurrencies into the financial system. This Friday, European Commissioner for Home Affairs, Ylva Johansson, told the Munich Security Conference that the European Union (EU) will be prepared to open up crypto trading...
SUMMARY: Ukraine Vice prime minister demands that all crypto exchanges block addresses of Russian users. The Russian -Ukraine conflict deepens as the the Russian troops are targeting the capital city of Ukraine. The crypto exchanges block request has been controversial between crypto users Ukraine Vice Prime minister request all crypto...
US President Joe Biden has finally signed the much-awaited executive order regulating digital assets The order emphasizes six different financial areas including curbing illicit usage of digital assets The order also advises authorities to bolster efforts towards launching a CBDC. US President Joe Biden has finally issued an executive order...
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...
Flow blockchain has announced a new ecosystem fund worth $725 million The fund will help spark innovation among global developers and assist them in developing new apps and games for the Flow blockchain. Leading blockchain Flow has announced a new ecosystem fund worth $725 million to “hypercharge innovation” or boost...
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...
