. Over the last 24 hours, the entire market has had mixed results. Cardano’s price has been extremely stable over the last four daily sessions. The price of ADA has been rapidly growing this year, with an increase of 1426 percent. Its current price per ADA coin is $2.20,, and its total market value is...Read More
Bitcoin’s brother Litecoin turned 10 years old on October 13th, 2021. Prior to the decadal celebration, altcoin outpaced Ethereum in terms of address activity for just the third time this year. With no NFTs and no DeFi built on Litecoin’s on-chain report threatens Ethereum in many ways. Let’s dive and discover in detail! Litecoin Dominates...Read More
Elliptic – a London-based blockchain analytics firm – has secured $60 million in Series C funding led by Japanese investment manager SoftBank Group and American multinational Wells Fargo. The funds will be used to accelerate cryptocurrency adoption by global financial markets. Accelerating Cryptocurrency Adoption by Large Institutions Elliptic announced the disclosure of a $60 million...Read More
The future of cryptocurrency lies in the expansion of DeFi applications. There is a phenomenal shift undergoing in the crypto space empowering Decentralised finance. It’s revolutionizing the way of facilitating transparency, permission, risks, and control. Hence, the top cryptocurrencies Ethereum, Solana, and Cardano battling it out to dominate the space. Let’s dive and discover who...Read More
One of the largest short-videos sharing platforms in India – Chingari – has successfully raised $19 million from investors such as Kraken, Alameda Capital, Galaxy Digital, and more. The company aims to launch its own token, enter the NFT world, and tap into the Solana blockchain. Chingari Raises $19M The press release shared with CryptoPotato...Read More
Orlando Bravo – co-founder of Thoma Bravo – has confirmed that his company plans to invest in the broader blockchain industry. Thoma Bravo’s Investment Plans The billionaire businessman revealed his plans to invest at the Bloomberg Invest Global virtual conference on Thursday. The interviewer questioned him about whether Thoma Bravo will be an investor in...Read More
The Quantum-resistant blockchain platform – QAN – will launch its cloud deployment service, via which developers can reach platforms like Amazon AWS and Microsoft Azure. The new option will be available from the end of 2021. QANplatform Vows to Cut The Deployment Time Through a new cloud deployment feature on its network, users of the...Read More
TurboXBT boasts the fastest trading experience around. The bold claim extends across both the blistering quick signup process and the supercharged short-term synthetic trading contracts on digital assets, forex, commodities, and stock indices. But would you believe that TurboXBT is so speedy that from signup to the first trade takes only three total minutes? Everything...Read More
The team behind Solana yesterday gave a detailed report on how its validators from all over the world rescued the network from an outage that lasted nearly 18 hours. IDO Bots Responsible for Solana’s Downtime According to the report, the network outage was a result of Grape Protocol’s IDO, which launched on the Raydium exchange...Read More
The Hedera Governing Council recently announced that it had allocated 10.7 billion HBAR, Hedera Hashgraph’s native token, to fund the development and expansion of the ecosystem. The official announcement revealed that the amount worth approximately $4.5 billion at the current market price ($0.42) represents 20% of the token’s total supply. Interestingly, the value of the...Read More
Major multinational professional services company Ernst & Young (EY) announced the adoption of the Polygon protocol for the deployment of its blockchains to provide faster transactions and lower costs for its enterprise clients who transact on the Ethereum mainnet. EY Clients Can Now Access Polygon Network The “Big Four” consulting firm stated in the press...Read More
Jump Capital – a Chigaco-based venture capital firm – decided to expand its cryptocurrency engagement by closing its latest fund at $350 million. The company has made 30 investments in the digital asset space in 2021 alone. Jump Capital’s Seventh Fundraise The American venture capital firm – Jump Capital – closed its largest fundraising round...Read More
The Cloud arm of the world’s largest search engine has partnered with Dapper Labs – a blockchain-based company that developed the NBA Top Shot marketplace. Google Could will provide the necessary support to help scale Dapper’s Flow blockchain. As reported by Forbes on September 14th, Google has decided to make its first steps in the...Read More
The New York City-based global investment firm intends to double down on its cryptocurrency endeavors by partnering with a trading platform called NAX and Algorand to raise a quarter of a billion dollars to spread blockchain usability among institutions. CNBC report outlined SkyBridge Capital’s latest endeavor in relation to the digital asset industry. The institution...Read More
Switzerland’s stock exchange, SIX, said today it had obtained two licenses from the nation’s markets regulator to launch a stock exchange and depository for blockchain-based securities. Based in Zurich, Switzerland, the SIX Swiss Exchange is the country’s principal stock exchange that also trades particular securities like government bonds and derivatives such as stock options. According...Read More
The British multinational banking institution – Standard Chartered – has teamed up with the financial technology company – Linklogis – to launch a new blockchain-based digital trade finance platform. It comes by the name of Olea, and its goal would be to bring together “institutional investors seeking opportunities in an alternative asset class with businesses...Read More
India’s securities and commodity market regulator, the Securities and Exchange Board of India (SEBI) has revealed intentions to increase the use cases of blockchain technology in monitoring financial instruments in the country. Indian Regulator to Adopt Blockchain Next Year In a press release published on the regulator’s official website, SEBI announced it is currently making...Read More
A recent study revealed that 73% of senior executives at financial institutions fear their companies will fall behind in terms of development if they fail to adopt virtual currencies and blockchain technology. 76% believe that digital assets will replace fiat money in the next 5 to 10 years. Crypto Would Swap Physical Money The multinational...Read More
Columbia Investment Management Company’s (IMC) co. president and CEO Kim Lew sees crypto as more than just a fad, saying that the industry is “clearly here to stay.” What Role Will Crypto Play? In an interview with Bloomberg Wealth, Lew gives her take on the investment potential of cryptocurrency and the many possible directions in...Read More
Global fintech leader Broadridge Financial Solutions, Inc. announced today that UBS – the world’s largest private bank – has now joined its distributed ledger repo (DLR) platform. What Broadridge Offers Broadridge is a corporate services company and global fintech leader that provides technological solutions for banks, mutual funds, and other corporate issuers. Their DLR platform...Read More
Jessica Angel, a Colombian artist, has been at the forefront of creating the largest blockchain-based augmented reality art installation in Vancouver, Canada. Called Voxel Bridge, it was supported by the Kusama Network and installed by Spheroid Universe. Kusama Helps in Creating Blockchain-Based AR Experience According to a press release shared with CryptoPotato, the under side...Read More
With the cryptocurrency industry gradually shifting to more environmentally friendly innovations to limit its carbon footprint, Elrond has recently announced that it is now carbon negative. Thus, it has become the first European blockchain project to achieve the feat. Elrond Becomes Carbon Negative According to a Thursday press release shared with CryptoPotato, the internet-scale blockchain...Read More
South Korean blockchain analytics company CryptoQuant has recently raised $3 million from industry investors in a just-concluded funding round led by leading blockchain-focused venture capital firm Hashed. CryptoQuant to Improve Its Data Structure According to a press release shared with CryptoPotato, the funding will be geared toward developing CryptoQuant’s data and analytics infrastructure, considering that...Read More
Circle, the blockchain company behind one of the most popular stablecoins – USDC, plans to simplify user experience and USDC transfers in different apps and exchanges. To do so, the company has introduced usernames for wallets through a partnership with the domain name provider – Unstoppable Domains. Circle Introduces USDC Usernames In a press release...Read More
To support the Indian blockchain development ecosystem, Solana, a high-performance blockchain network, has revealed that it will be rolling out a new hackathon exclusively for Indian developers and entrepreneurs. Solana Unveils Hackathon with Over $80k in Prizes In a tweet on Tuesday, Solana noted that the hackathon, dubbed “Building Out Loud,” will last for 3...Read More
Most blockchain-based startups have seen funding from venture backers, despite the current cryptocurrency market downturn, recording over $4 billion in Q2 alone. This massive venture capital backing is in keeping with the established trend of VC funding for blockchain firms as investors look to be part of the new wave of disruption associated with decentralized...Read More
Amazon seems determined to maintain its reputation as an innovative company and is looking to experiment with cryptocurrencies through a digital currency payment and blockchain unit. According to an announcement posted on Thursday, Amazon is looking for a blockchain specialist to lead its Digital Currency and Blockchain strategy. The Payments Acceptance & Experience team is...Read More
Celer Network, the layer 2 scaling platform, has announced that its multi-chain network is live on the mainnet. Dubbed cBridge v1.0, it will enable users to transfer assets across several blockchain networks, including Ethereum, Binance Smart Chain, Polygon, and Arbitrum. cBridge v1.0 Goes Live on Mainnet The blockchain-based project announced its latest milestone in a...Read More
NFT ecosystem provider and creator of the ERC-1155 token standard, Enjin, has recently joined the United Nations Global Compact, a global organization that supports businesses working to adopt Sustainable Development Goals (SDGs). First NFT Platform to Join the UN Global Compact In a press release shared with CryptoPotato, Enjin revealed that it would join the...Read More
The non-profit organization – American Cancer Society – plans to hire a product supervisor to oversee its potential cryptocurrency and NFT roadmap. The best candidate needs to have experience in fintech, knowledge of payments processing, and a passion for digital assets. The ACS Wants to Be The Leading Digital NPO The health organization dedicated to...Read More
