Many industry experts have given their two cents on the future of the crypto market in the next 12 months, and most of them lean bullish. The most common reason is Bitcoin. In April 2024, the cryptocurrency will go through its pre-programmed halving, which will slash block rewards in half. This means that the supply...Read More
Back in 2017, the SEC released Report 21A, better known as the DAO Report. In it, the agency laid out the reasons why the tokens of most DAOs, Polkadot included, should be considered securities. The paper, however, stated that there were steps development teams could take in order to make their projects not function as...Read More
Tether, the operator of the third-largest cryptocurrency with a market cap of almost $70 billion, announced the USDT launch on Polkadot. Thus, the stablecoin is now available on roughly a dozen blockchain networks. The announcement from the company described Polkadot as a “full-stack Web 3 ecosystem built for the multi-chain future.” Adding that it has...Read More
Blockchain analytics platform Messari has published a detailed report on Polkadot’s performance in Q2, 2022, analyzing different aspects of the protocol, including market valuation, network usage, developer activity, parachains, and ecosystem challenges. Polkadot’s Valuation Dropped 66% in Q2 The paper, dubbed the “State of Polkadot,” revealed that the blockchain project’s native crypto asset shredded about...Read More
PayMaya – one of the leading digital financial services platforms in the Philippines – rolled out a cryptocurrency feature on its app, allowing customers to deal with bitcoin and altcoins. The initiative aims to educate locals about the merits of the asset class and grant them access to it. PayMaya Enters the World of Crypto...Read More
The popular ecosystem for non-fungible tokens – Enjin – launched the first NFT parachain on Polkadot. Following the initiative, the former vowed to support CryptoBlades and its more than one million users. The First NFT Parachain Launched on Polkadot At the end of 2021, Enjin’s NFT project – Efinity – won Polkadot’s last parachain auction...Read More
The Nordic-based financial technology firm – Lunar – closed a $77 million financing round. The organization reached a valuation of $2 billion and introduced a cryptocurrency trading platform. Lunar Dives Into The Crypto Industry The Danish company Lunar secured a $77 million Series D-2 funding round, bringing the series’ total to $310 million. The investment...Read More
Popular blockchain protocol Polkadot recently announced the allocation of over $20 million in DOT to stimulate the development of its ecosystem and the highly anticipated Web3. Polkadot Allocates $21M For Ecosystem Development In a press release shared with CryptoPotato, Polkadot noted that the bounty proposal, dubbed the Polkadot Pioneers Prize, is a series of challenges...Read More
Centrifuge – a decentralized asset financing protocol – just won an auction for a parachain slot on Polkadot. Like other parachains from Polkadot’s second group of parachain auctions, it is expected to launch on March 11th. Centrifuge Meets Polkadot The protocol announced its auction victory in a blog post on Thursday. The team says they...Read More
Enjin is wrapping up 2021 in grand style as its scalable, decentralized, and cross-chain NFT infrastructure, Efinity, emerged as the winner of Polkadot’s last parachain auction for the year. With 7.7M $DOT contributed by over 20,000 community members, @efinityio has won the 6th @Polkadot parachain auction! 🎉 Thank you to everyone who has supported us...Read More
Polkadot has announced the launch of the first parachains, a set of individual blockchains that will run in parallel within its ecosystem, the project noted in a press release shared with CryptoPotato on Saturday. Polkadot’s First Batch of Parachains According to the official announcement, slots for the first parachains are allocated to different blockchain projects...Read More
Polkadot’s parachain auctions have been one of the most hotly anticipated events for the platform since it launched on mainnet in May last year. When the project announced in mid-October that the auctions would be starting on November 11, DOT prices rallied by over 25% before going on to reach a new all-time high within...Read More
Binance, the world’s biggest cryptocurrency exchange, has continued to express its support for the ecosystem development of the sharded heterogeneous multichain blockchain network, Polkadot. In an official announcement on Friday, the company revealed that it will start the Polkadot Parachain Slot Auction which is scheduled to commence in November. “A separate announcement will be posted...Read More
Polkadot was first introduced in a Whitepaper almost five years ago. Now, the heterogeneous multichain network announces a massive milestone – its parachains are officially ready to launch on the mainnet. Polkadot Parachains Greenlighted Polkadot’s parachains are one of, if not the most integral component of its network. They represent diverse and specialized blockchains that...Read More
Bitcoin has initiated another leg up, resulting in charting a new two-month high of just over $42,000. Apart from Chainlink, most alternative coins trail behind, and BTC’s market dominance has increased to well above 48%. Bitcoin Taps a 2-Month High As reported earlier this week, bitcoin went on a tear after dabbling with the $33,000...Read More
After gaining $6,000 in a few days, bitcoin’s price has calmed around the coveted $40,000 mark. Some alternative coins have outperformed their leader in the past 24 hours with notable gains from XRP, UNI, LINK, and SOL. SOL Rises 14% as ETH Touches $2.4K The past several days have been highly bullish for the alternative...Read More
Following another drop to around $33,000, bitcoin has bounced off and neared $35,000 once again. The alternative coins, especially some connected to the DeFi sector, have seen more substantial gains, with Uniswap rising 11% and Aave and Compound jumping by more than 20%. DeFi Coins Surge by Double-Digits After marking minor losses yesterday, most of...Read More
Following the positive weekend in terms of trading action, bitcoin has retraced by a few thousand dollars to just above $34,000. Most altcoins have also failed to continue upwards as ETH has dipped below $2,300, and BNB is close to breaking beneath $300. Bitcoin’s Trading Volume Drops as BTC Retraces Bitcoin proved most assumptions wrong...Read More
Bitcoin’s weekend struggles seem to be nowhere near as the cryptocurrency initiated another leg up and reclaimed $35,000. Most of the altcoins have charted gains as well, with Ethereum jumping above $2,300 for the first time since mid-June. Bitcoin Reconquers $35K After the volatile week in which BTC reached a multi-day high of $36,600 and...Read More
After the enhanced volatility in the past few days in which BTC displayed several multi-thousand dollar moves, the cryptocurrency has calmed around $35,000. Some altcoins have charted more significant gains, with ETH reclaiming $2,100 and DOT surging 6%. ETH Above $2,100; DOT Reconquers $16 The alternative coins mimicked BTC’s performance in the past several days...Read More
Polkadot has now clocked up a year of live mainnet operations, but this summer will mark one of the most significant milestones on its roadmap to date. The Polkadot parachain slot auctions will mark the first time that projects will be able to connect to Polkadot’s central Relay chain, completing its journey to a live...Read More
After the Saturday bloodbath in which bitcoin dipped to just over $30,000, the cryptocurrency has bounced off and recovered more than $3,000 of value. Most altcoins have also reacted well, with ETH surging to nearly $1,900, and the market cap has reclaimed $100 billion in a day. Bitcoin Spikes Above $33K As it happened during...Read More
Another weekend starts with another adverse price movement for bitcoin as the asset dropped by several thousand dollars to below $31,000. The alternative coins are also deep in red, with ETH dumping below $1,800, and the total market cap has seen $160 billion gone in a day. Bitcoin Plummets Below $31,000 It’s almost becoming a...Read More
No boring days in crypto as bitcoin went through a roller-coaster with a few thousand-dollar moves down and up. The alternative coins also recovered some of the losses, with the entire market cap regaining $200 billion since yesterday’s low. Bitcoin Reclaims More Than $5K It all seemed calm during the weekend when BTC stood in...Read More
Bitcoin’s price continues to lose ground, and it dropped to just over $31,000 hours ago. However, its dominance over the market has increased to a monthly high as most alternative coins have dumped by double digits. Bitcoin Dominance on the Rise Despite the Correction As CryptoPotato reported over the weekend, BTC had recovered some of...Read More
Last week, Polkadot’s canary network, Kusama (KSM), conducted an on-chain upgrade on its parachain after a vote was passed, making it the first live and fully functional parachain of the Kusama network processing permissionless transactions. The upgrade also made the project the first fully decentralized, heterogeneously-sharded blockchain. Kusama is a permissionless network that allows developers...Read More
One of the largest peer-to-peer cryptocurrency marketplaces, LocalBitcoins, has expanded its portfolio of available payment methods with the inclusion of Cardano (ADA), Dogecoin (ADA), Polkadot (DOT), Chainlink (LINK), and more. LocalBitcoins Adds More Crypto Payment Methods Founded in 2012, LocalBitcoins acts like a cryptocurrency peer-to-peer marketplace. The platform, based in Helsinki, Finland, facilitates over-the-counter trading...Read More
After the first successful parachain on Kusama is demonstrated, Polkadot will transition towards a complete main net launch, allowing for Wood’s dream of a scalable multichain platform to be completed. Testing Methodology The creation of parachains will be groundbreaking, but their viability must be tested thoroughly before deployment. Parachains are fine-tuned chains for specific purposes,...Read More
The Polkadot network is on the verge of making some major updates. Yesterday, Parachain auctions and crowdloans were added to Kusama and Westend. Polkadot’s Role in the Blockchain Ecosystem While other blockchains like Ethereum and Solana are marching ahead, Polkadot has promised to provide serious improvements to existing solutions’ scalability and connectivity. Notably, Polkadot offers...Read More
$50 million worth of various cryptocurrencies has disappeared from the automated market maker platform running on the Binance Smart Chain – Uranium Finance. While the team behind the project claims the funds were stolen, the cryptocurrency community speculates of a possible rug pull. $50M Gone From Uranium Finance The DeFi project took it to Twitter...Read More
