Cryptocurrency Analysis and News Portal
The rise of Web3 functionality has been a boon for decentralized domain name services over the past two years, with millions of blockchain-based domains registered to date. Challenging market conditions may have hampered exponential growth, but industry leaders believe that utility-driven adoption will continue in the future.Web3 is fundamentally changing
Read More
Former Twitter CEO Jack Dorsey, who last year donated roughly 14 BTC (worth $245,000 at the time) to fund Nostr's development, hailed the debut of Damus on Apple's App Store as a "milestone for open protocols," in a tweet posted late Tuesday. As of press time, the tweet had been
Read More
The release of the decentralized storage system’s whitepaper was having a modest effect on the price of other storage tokens on Wednesday. Filecoin (FIL), Storj (STORJ), and Arweave (AR) are now trading 2%, 5% and 6%, respectively, above their pre-announcement prices. Source
Read More
Dexalot’s dual-chain app establishes a base for expanding to other host chains to enable mass adoption of decentralized finance (DeFi), according to the press release. The Subnet implementation will build a foundation for interoperabilities within multiple ecosystems, which can be created on top of, and around Dexalot, the press release
Read More
BNB Chain, a blockchain platform launched by crypto exchange Binance, revealed interest in building a blockchain-based Web3 infrastructure in its new BNB Greenfield white paper.The white paper explains it as a decentralized storage infrastructure within BNB Chain, which allows users and decentralized applications (DApps) full ownership of the data. Potential
Read More
Damus, a so-called “Twitter killer” built on a decentralized network has been approved on the Apple App Store.The Damus team confirmed the approval to its 11,500 Twitter followers on Jan. 31, following what it claims was at least three rejections from the Big Tech player.Shortly after, Twitter co-founder and Nostr
Read More
Vela’s token also garnered attention for listing the rebranded, identical utility token VELA on Camelot, another DEX on Arbitrum, on Thursday, potentially contributing to the rally. DXP holders on Ethereum and Metis can exchange their tokens one-to-one to VELA on Arbitrum without any fees using a bridge. Source
Read More
High Efficiency Mode, also called eMode, allows users to capitalize on the highest borrowing power out of their collateral for correlated assets. Users can now leverage larger amounts of assets like wstETH (wrapped staked ethereum) and stake it on the Ethereum blockchain for rewards. Source
Read More
The primary objective of decentralized finance is to create a world where no trust is needed.When people think of decentralized finance, they automatically assume there are no risks. After all, intermediaries don’t exist, and everything is trustless. However, smart contracts can still contain admin rights, which puts all users at
Read More
press release PRESS RELEASE. Fluid Finance submitted a proposal to integrate the DAI decentralized stablecoin directly into the traditional financial system. It would be the first time that a stablecoin could be purchased directly from a bank account. Jessica Walker at Fluid said: “One of the problems with crypto is the
Read More