Super users on DeFi platforms soared 20% in Q2, while bot usage has also increased. Massive growth in decentralized finance over the past three months has been accompanied by a big increase in the number of ‘super users’ who dominate the sector. Along with the prevalence of trading bots, it has raised questions over the […]
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A company founded by Jacques Voorhees, father of ShapeShift CEO Erik Voorhees, is offering NFTs representing diamonds on the OpenSea marketplace. Non fungible tokens (NFT) representing diamonds have made their way to the OpenSea marketplace. In the past, there have been quite a few attempts to tokenize diamonds and other precious stones and metals. But […]
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DeFi’s growth has been propelled by the increasing popularity of yield farming and Bitcoin tokenization protocols, according to ConsenSys. The growing tokenization of Bitcoin and the emergence of yield farming has propelled the growth of the decentralized finance sector over the past three months according to ConsenSys. The second quarter report into Ethereum-based DeFi emphasizes […]
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Matic Network may be closer to a scalability solution for the Ethereum blockchain after a test run showed it could handle 7,200 TPS. Blockchain scalability solution Matic claims the network can supercharge the Ethereum ecosystem, after a two-month testnet run revealed it was able to process 7,2000 transactions per second (TPS). In a July 14 […]
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Jack Abramoff has pleaded guilty to multiple counts of fraud relating to his promotion of the 2018 AML BitCoin ICO. Notorious political lobbyist Jack Abramoff has pleaded guilty to charges of conspiring to defraud investors, conspiring to commit wire fraud, and violations of the Lobbying Disclosure Act relating to the 2018 initial coin offering (ICO) […]
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Bill Pulte has been giving away thousands in cash, crypto, and cars for months now, but he could be inadvertently helping scammers. Millionaire philanthropist Bill Pulte has given away close to $150,000 this year in an attempt to promote the mass adoption of cryptocurrency. However, some critics are concerned that he may inadvertently be providing […]
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A former Chinese official says the development of a digital currency will lay the foundation for the birth of digital stocks. Xiao Gang, the former chair of the China Securities Regulatory Commission, says in his latest book on China capital market reforms that the development of a central bank digital currency (CBDC) will pave the […]
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Chainlink price continues to surge to new highs but is it reaching bubble territory? On July 13 Chainlink (LINK) rallied more than 34% to reach a new all-time high at $8.48. Since then the price corrected back to the $7 range but at the time of writing the altcoin is making a renewed attempt at […]
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Data for 142 million hotel guests is being sold via the dark web. The MGM Resort suffered a massive data breach in 2019 that left 142 million hotel guests exposed. A hacker is now selling the stolen database for roughly $2,900. According to the information revealed by ZDNet, a dark web marketplace claims that data […]
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The World Economic Forum believes that blockchain could contribute to a $365 billion savings by 2030 by reducing food loss and waste in the food supply chain. A report published by the World Economic Forum, or WEF, highlighted the critical role of fourth industrial revolution technologies. New technologies like blockchain could help stimulate growth by […]
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