On Wednesday, Senator Ted proposed legislation “to restrict the Feds from disseminating a Central Bank Digital Currency (CBDC) precisely to people,” according to an announcement published on Ted’s official website. This proposed bill had co-sponsors, including Senators Chuck Grassley (R-IA) and Mike…
Grayscale believes the Ethereum network shares a similar behavior with New York City, adding that it has rich features but is worst in certain areas. On Thursday, the digital asset manager published a report discussing smart contracts of various networks and how…
The global crypto market capitalization touched $1.9 trillion today, following a 12% surge over the past 24hrs. Meanwhile, total crypto trading volume gained 34% to $109.19 billion. Crypto assets saw remarkable uptrends early on Tuesday amid the ongoing war between Ukraine and…
People can employ L2 chains in the next wave of DeFi, engaging openly or near-zero prices with updated Decentralized Finance uses. One of the key roadblocks in DeFi applications is scalability, which has generated significant entrance obstacles. The issue of expensive gas…
DeFi exploit dominated 2021, and 2022 is already following in its footsteps. This year has recorded a number of crypto hacks already, and the latest platform to be exploited is cross-chain protocol Wormhole. Yesterday, Wormhole tweeted about a potential crypto hack in…
Renowned software developer and the co-founder of Steem, BitShares, and EOS network, Mr. Daniel Larimer, has unveiled the rebranding of his DAO business. A New Vision is Born In a recent press briefing shared with the media, Larimer made it known that…
Though the overall crypto spectrum flashed red over the previous 24 hours, some tokens embarked on their northward journey. SushiSwap gained around 7.1% within a day, while Aave noted a 9.6% surge in the same period. Meanwhile, the coins had technicals flashing…
Decentralized applications are commonly created on Ethereum. The main purpose of dapps (Decentralized Applications) is to give the users more control over their data and finances. If we talk about decentralized applications, then they work in the same pattern of providing some…
Decentralized exchange (DEX) is a new type of exchange that allows users to trade cryptocurrencies without an intermediary. On a DEX, orders are executed through smart contracts, which means that there is no need for a third party to manage the order…
In a very short spam DeFi sector has transformed into a multi-billion dollar economy. It is providing multifarious financial services of decentralized nature within the global crypto industry and outside its generic threshold. The Crypto economy, as of today, is exceeding US$…
