Ever since Charles Hoskinson issued an update on “Shelley,” Cardano’s price and community have adopted a bullish mood. Cardano (ADA) has seen its value increase by around 50% since May 25. This recent value hike comes in the wake of project co-founder Charles Hoskinson revealing the roadmap for Cardano’s much-hyped “Shelley” upgrade via a YouTube […]
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Reddit has partnered with the Ethereum Foundation to explore scaling solutions for its crypto-powered rewards system, asking the crypto community to submit and vet proposals. Social content platform Reddit is continuing to push forward with its Ethereum-powered ‘Community Points’ reward system, announcing that it is seeking developers to help it scale the tokens up for […]
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Australia is experiencing a DeFi boom, with leading derivatives project Synthetix joined by buzzy newcomers Thorchain, Ren and mSTABLE. Australia is experiencing a decentralized finance (DeFi) boom, playing host to some of the most talked-about projects in the space. They include longtime DeFi leader Synthetix (SNX), along with the up-and-coming Thorchain (RUNE) along with the […]
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With the launch of an Ethereum Virtual Machine, Telos is set to enable developers to create and run Ethereum-Compatible smart contracts. Telos, currently ranked the second-most active blockchain worldwide, is set to enable developers to create and run Ethereum-compatible smart contracts without transaction fees. Telos is a smart contract platform that supports the creation of […]
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The Compound community approved a proposal calling for the distribution of the COMP token to all users of the DeFi protocol. Compound’s governance token will be available for distribution to all users of the decentralized finance (DeFi) protocol beginning on June 15. According to a June 10 tweet from Compound, the lending platform responsible for […]
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Filecoin’s mainnet is on pace, with its testnet competition possibly commencing in July. After releasing details of its testnet competition several days ago, Filecoin business development staff Angie Maguire said the project’s mainnet is on pace for this summer. “The Filecoin mainnet is on track for our launch window July 20 to Aug. 20,” Maguire […]
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Filecoin revs up test net, hosting a competition prior to its mainnet unveiling. Blockchain-based decentralized data storage solution Filecoin unveiled its testnet recently, complete with a competition. In an act of network experimentation, Filecoin’s test network will host a three week mining contest worldwide, with 4 million of the project’s FIL tokens up for grabs […]
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Blockchain firm Prysmatic Labs announced the launch of a new test network of the Ethereum 2.0 blockchain. Blockchain firm Prysmatic Labs announced the launch of a new test network for the Ethereum 2.0 blockchain. According to a June 10 announcement, Prysmatic Labs is launching the Onyx Ethereum 2.0 testnet — which represents an improvement over […]
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Libra association member Bison Trails aims to offer users the opportunity to participate in the NEAR network. Blockchain infrastructure-as-a-service company Bison Trails has announced support for NEAR, which is designed to power Open Finance and the Open Web. According to the announcement, NEAR’s smart contract platform is focused on strengthening accessibility and usability to support […]
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The DeFi sector can embrace a positive future by following comprehensive security audits and by ensuring best practice in due diligence and quality assurance. Decentralized finance, commonly referred to as DeFi, has grabbed the attention of mainstream financial and technology audiences alike. While the sector has been applauded for bringing about innovative digital finance solutions […]
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