Opinion: Decentralization in “Web3” Is Still a Myth
Cryptocurrency donations sent to the Ukrainian government and several non-governmental organizations meant to support the country amidst its ongoing war with Russia have topped $50 million across more than 100,000 transactions. According to on-chain analytics firm Elliptic, the Ukrainian government and NGOs supporting the country’s military efforts and humanitarian...
Nigel Green, CEO of independent financial consultancy deVere Group, has revealed he believes the price of the flagship cryptocurrency bitcoin ($BTC) could move toward the $50,000 mark by the end of March over the ongoing war between Ukraine and Russia. According to ETF Trends, commenting on BTC’s current price...
Evmos – a potential leader in Cosmos’ contribution to the web3 ecosystem – is now live! Evmos is a vital piece in the Cosmos ecosystem as it plans to bring a Cosmos SDK built, PoS blockchain that is compatible with Ethereum Virtual Machine (EVM) smart contracts. Evmos brings together the best of Cosmos and Ethereum. Cosmos’ high scalability with fast finality and high throughput is achieved through Tendermint PoS implementation and has one of the largest and most impressive ecosystems...
Ethereum-based NFT marketplace OpenSea has started dropping off users from its platform amid the ongoing U.S. Sanctions. This comes as exchanges have been asked to put a ban on Russian users following the recent harsh financial sanctions levied on Russia. However, some exchanges like Binance and Kraken have refused a blanket ban but said that they would sanction only individual entities and per the U.S. sanctions. The situation came to light as an Iranian artist @K1_Nazifi found that...
Steven Cooper, CEO of cryptocurrency entertainment firm Bigger Entertainment, has clarified in a tweet that the company is looking to support the community of the meme-inspired cryptocurrency Shiba Inu (SHIB) in burning 10% of its supply. In a tweet, Cooper noted that before the start of the next...
It’s no secret that crypto users love to race and compare speeds, but an evaluation of this kind is actually much harder than it sounds. To that end, an investigation by GM and Haseeb Qureshi from Dragonfly Capital delved into the question of whether Solana could take on an Ethereum Virtual Machine [EVM] compatible chain in a speed race. Quickly shooting down transaction-per-second rates, the two researchers instead decided to look at the speed of Automated Market Makers [AMMs]. To refresh...
Terra can be considered one of the fastest-growing cryptos in the market. Within a very short period, Terra’s LUNA made its place among the top ten cryptocurrencies. Thereby passing over other popular cryptos like Shiba Inu, Dogecoin, Litecoin, and others. Interestingly, over the last eight days, LUNA increased by 85.25%. Well, after depreciating by 104.59% since the beginning of this year, the altcoin has now invalidated most of its losses. Why so? Well, because LUNA managed to make a profitable...