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When it comes to Bitcoin and crypto, the narratives around them move in waves, particularly as we’re dealing with such young technologies. Bitcoin was launched in 2009, and has surged in price towards blow-off tops, and subsequent crashes, multiple times. On each occasion, there were several factors at work, but key narratives can be identified. Back in 2013, we had very early, tech-savvy adopters picking up on what was envisioned as a new currency. In 2017, retail traders became caught up in the exuberance, and there was a sense that Bitcoin might be a kind of digital gold. And most…
Bitfinex Securities, a platform focused on listing real-world tokenized securities has announced its first tokenized bond that will be listed later in November this year. The new tokenized bond called ALT2611 is a 36-month, 10% coupon bond, denominated in USDT and issued by Mikro Kapital, one of the global leaders in micro-financing. Bitfinex Securities said the tokenized bond ALT2611 will acquire risks associated with the debt and equity of microfinance organizations, small financial institutions, leasing companies and banks, in Italy, Romania, Moldova, and other developing nations along the Silk Road. Bitfinex Chief Technology Officer Paolo Ardoino called the first tokenized…
Fantom co-founder Andre Cronje is hoping to give blockchain technology as we know it a facelift. “Blockchain technology is stuck in the eighties,” he told Decrypt. “The internet and tech back then were predominantly used for financial applications simply because financial transactions were the only thing that made economic sense to digitize.” Cronje added that today’s standards mean those kinds of transactions now cost a fraction of a penny, something that “would cost you much more” on networks like Ethereum. Bitcoin is slower and can be more expensive, too, as the market has already seen during the rise of Ordinals.…
Amidst the market dip, NFT projects might seek creative avenues to redefine their purpose and enhance utility. Non-fungible tokens, or NFTs, have been the subject of heated debate in the last few years. They serve as digital certificates for artwork, collectibles, and virtual game accessories. They are usually bought and sold online, often using cryptocurrency, and are typically embedded within smart contracts on blockchain platforms. In 2021, NFTs witnessed a massive surge in public interest, leading to unprecedented sales. However, the sector has recently hit a rough patch, marked by an overall drop in sales and item prices, causing critics…
In a blog post, leading Dapp developer Glacier Labs announced the launch of its much-anticipated SDK Version 2.0 to smoothen developers’ experience in building blockchain projects. This upgrade is a game-changer as it is making waves in the market, offering tools that promise to make building futuristic Dapps more accessible, efficient, and robust than ever before. Glacier Brings Feature-Loaded SDK Glacier Network has unveiled its next-generation software development kit (SDK), Version 2.0, following intensive research, valuable insights, and feedback from a dedicated community of developers. Glacier is the leader in constructing a highly adaptable, modular, and scalable Layer 2 (L2)…
Are non-fungible tokens (NFTs) actually back this time, or are they just dressing up as a bull for Halloween? Life seems to have returned to NFTs, both in sales and in how people talk about them. Fueled by Bitcoin’s mega bullish “Uptober,” fantastic art sales in NFTs, Blur’s Season 2 rewards end date announcement, and traders throttling back on social finance (SoFi) platforms, these events are driving traders back to NFTs. Friend.tech had kept traders busy for the past two months, but now is struggling to keep their attention, with key trading volume falling off drastically ever since security concerns…
14/21, or 66%, of the top gas-consuming smart contracts on Base, a layer-2 platform for building and deploying smart contracts, are unverified. According to Token Terminal data on October 24, the same contracts are some of the most actively used, reading from gas fee trends over the last month. Friend.tech Leads The Gas Race On Base Base is a layer-2 scaling solution and one of OP Mainnet and Arbitrum’s competitors. The platform relies on the Optimistic Rollup technique, allowing transactions to be batched off-chain before being confirmed on the mainnet. This is the same approach competitors, including Arbitrum and OP…
Vodafone Digital Asset Broker (DAB) has joined the Chainlink network as a node operator after completing a proof-of-concept with Japanese trading and investment company Sumitomo for exchanging trade documents across platforms. The companies hope to improve document transfer and processing of financial transactions in the $32-trillion global trade ecosystem, Vodafone said. The proof-of-concept used oracle network Chainlink’s Cross-Chain Interoperability Protocol (CCIP). DAB “provide[d] security and interoperability across IoT devices at the edge of a network.” The proof-of-concept showed the potential of Vodafone Internet-of-Things devices and blockchains to provide data for use in contracts and AI applications. Potentially, a single interface…
Polkadot (DOT)-based charity project Teddy DAO wants to attract more traditional donors to its cause by promoting Web3 education. So far, the initiative has garnered about $14,000 in contributions to supporting charitable causes, including those centered on children’s welfare, anti-human trafficking efforts, cancer research, and others. Additionally, the project is set to distribute 190 physical Teddy Bears to underprivileged children this year in alignment with its commitment to donate one Teddy DAO NFT for each minted. Teddy DAO is a perpetual NFT collection that donates its sale proceeds to charity. Donors to the project can enjoy tax benefits because the…
Despite what some have been led to believe, “cryptocurrency isn’t the currency of choice for criminals,” according to Perianne Boring, CEO of the Chamber of Digital Commerce. Writing in an opinion piece in the Wall Street Journal on Monday, Boring hit back at the accusations made by the same newspaper earlier this month that Palestinian terror group Hamas “have raised millions in crypto.” According to Boring, groups like Hamas, Palestinian Islamic Jihad and Hezbollah have raised money through various means, including the use of traditional banking services, hawala networks, and state funding, while crypto makes up only “a small portion…
