In a New York Times (NYT) article — published yesterday (March 22) — about the crypto mining industry’s focus on renewable energy, it was mentioned that according to some estimates “a single Bitcoin transaction now requires more than 2,000 kilowatt-hours of electricity.” The NYT article, which was written...
Krafton, developer of the popular videogame PUBG, said it had signed a deal with Solana Labs to jointly develop blockchain and NFT-based games and services. The developer said it intended to leverage its game building capabilities in the web3 space. The move marks growing the growing popularity of blockchain and play-to-earn (P2E) games, which has attracted interest from established developers in the crypto and videogame space. Solana is the ninth-largest blockchain in the world by market capital, at nearly $30 billion....
2022 is the year of governance. With DeFi 3.0 right around the corner, AMMs are turning into multi-billion-dollar endeavors that build the infrastructure of financial instruments in DeFi. They are the roads that decentralized finance needs. Governance protocols in AMMs allow users to vote on LPs that the AMMs will invest in, with great allocations for those who hold immense votium. But, there is one issue – To be able to vote, you must lock your tokens for a...
The U.S. Securities and Exchange Commission (SEC) said it was investigating Tesla CEO Elon Musk over the tweets where proposed to sell 10% of his Tesla stake. The regulator also said it has the legal authority to take Musk to court over his past tweets. The investigation came to light on Tuesday after the SEC rejected a motion from Musk seeking the dismissal of a 2018 agreement that required certain tweets to be pre-approved by an attorney.
Crypto exchange Crypto.com continues to expand its sponsorship deals in the sports industry. The popular crypto exchange has recently joined the list of sponsors for the 2022 FIFA World Cup to be held in Qatar later this year. The Singapore-based company will also be the exclusive crypto trading platform for the FIFA event. Crypto.com is one of the most popular global exchanges with over 10 million customers worldwide. By being the official sponsor, Crypto.com will get significant branding exposure both...
A total of 23 new Cardano ($ADA) pools have staked about 1.5 billion ADA in the last 12 hours, in a move that increased the total supply of the cryptocurrency being staked to near 74%. The pools are seemingly linked to Coinbase subsidiary Bison Trails. According to Cardano...
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With the global markets in a rut, commodity prices at high rates, an escalating war in Ukraine with crypto prices also falling, there are increasing fears of a bear market. We are just three months into 2022, and apprehensions of past years of 2018 and 2019 are sweeping in the crypto ecosystem. In a recent podcast, the co-founder of Synthetix, Kain Warwick, chaired the panel among others remains bullish on the crypto trends. He said, “Honestly, it feels like 2016 to...
The transaction volume seen on the Cardano ($ADA) network has recently gotten close to the $70 billion mark, surpassing the volume seen on the Bitcoin ($BTC) and Ethereum ($ETH) networks. Cardano’s surging volumes come as the total value locked on its decentralized finance (DeFi) apps tops $400 million. According to...
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