“Voting over the Internet presents more challenges, such as preventing double voting, technical hurdles to keep ballots secret, and the cost of voting devices.” Japanese firm Layer X will be partnering with a digital identity application called xID to build a blockchain-based voting system in the Japanese city of Kaga. In a Thursday announcement from […]
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A report this weekend claimed that DeFi has reached a million users, but the emerging financial vertical has a long road to travel towards widespread success. A report on Friday from Ethereum metrics website Dune Analytics showed that the decentralized finance (DeFi) ecosystem now counts over 1 million unique Ethereum addresses as participants — an […]
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Select altcoins are moving higher as Bitcoin price gains strength and consolidates within a bull pennant. Bitcoin’s (BTC) price has been hovering near the $19,000 level for the past few days. Whenever the price consolidates near the all-time high, it is an indication of strength. However, the question troubling investors is whether Bitcoin will source […]
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Many are calling for Donald Trump to grant clemency to the Silk Road founder before Trump leaves office on Jan. 20. With just 44 days before Joe Biden’s inauguration as President of the United States, players in the crypto space are imploring Donald Trump to use his pardoning power for Silk Road founder Ross Ulbricht. […]
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As DeFi continues to grow and flourish, BTC will eventually be forced to break its 21-million supply limit to remain sustainable and relevant. 2020 was unequivocally the year of decentralized finance. Driven by surging interest and striking breakthroughs, DeFi protocols accelerated financial innovation while reshaping the blockchain landscape. Buoyed by innovations in cross-chain asset gateways […]
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Two new synthetic asset and derivatives platforms look to take a slice of Synthetix’s pie Synthetic assets, one of the most promising use cases for decentralized finance (DeFi), is becoming an increasingly competitive landscape as two new projects aim to bring scalability and new markets to traders. On Friday, decentralized derivatives exchange Injective Protocol began […]
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Willy Woo says Bitcoin could hit $200,000 in 2021 because long-time investors are more confident in the ongoing rally. According to on-chain analyst Willy Woo, the price of Bitcoin (BTC) could achieve a “conservative” target of $200,000 in 2021. The prediction revolves around the fact that long-time investors seem more confident in the recent rally. […]
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ICOs are revolutionary for business, though the fear of being scammed keeps investors at a distance. Using blockchain technology, initial coin offerings have become an alternative means of acquiring funding for business projects using the new, evolving digital financial market for tokens. In contrast to initial public offerings, which are governed by strict legal regulations, […]
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The world’s first social media-managed NFT shares its views and plans with Cointelegraph On November 21st, the world’s first social media-managed, personality-branded non-fungible token (NFT) revealed itself to the cryptotwitter world: Axie #265, also known as “Axia.” Axies — the cute, digital critters inspired by Pokemon — populate the rapidly growing blockchain-based game Axie Infinity. […]
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While some piled on the layer-one blockchain for its network hiccup, others offered support. Yesterday, a nearly six hour network outage from Solana, a layer-one blockchain known for its high throughput, drew both jeers and support from traders and developers across the smart contract space. “At approximately 1:46pm UTC on December 4th, 2020, the Solana […]
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