The Cardano (ADA) network is inching closer to the Mary upgrade, which could see the blockchain provide tough competition to Ethereum Cardano’s ongoing Mary upgrade could see the network challenge Ethereum by providing developers with the ability to create non-fungible tokens (NFT) and more. Input Output Hong Kong, the firm behind Cardano’s development, conducted a […]
Category: STO News
NFTs are the Next Frontier of Digital Currencies says Bitcoiner Chamath Palihapitiya
“I don’t even know what that is,” was Chamath Palihapitiya’s reply to DeFi last summer. But now things have changed, so much so that the CEO of Social capital is “building a fairly sizable portfolio” of non-fungible tokens (NFTs). An early executive at Facebook, Palihapitiya, shared in his interview with Bloomberg that he is buying digital […]
SatoshiStreetBets Launching its Own Cryptocurrency to Send it to the Moon
SatoshiStreeBets, a subreddit group, is launching its very own cryptocurrency. The group that describes itself as “the crypto version of WallStreetBets,” is planning to launch SatoshiSwap (SAS), a utility token that will be distributed to its members based on the upvotes on their posts. The token, which is expected to be launched sometime in February, will […]
Mark Cuban Compares the Ongoing Blockchain & DeFi Development to the “Early Days of the Internet”
Shark Tank’s Mark Cuban’s enthusiasm about the cryptocurrency market, especially the decentralized finance (DeFi) sector, continues to grow, which he eagerly shares with the world. In an interview with the Defiant podcast, the billionaire owner of the Dallas Maverick shared that he is a DeFi and Ethereum bull and that “ETH has an advantage over […]
DeFi Protocol Alpha Hamora gets Exploited, Cream Markets “Functioning As Normal” But TVL More than Halved
The latest complex hack of the decentralized finance (DeFi) protocols has resulted in the potential loss of millions of dollars. Decentralized peer-to-peer lending platform Cream Finance team announced, “We are aware of a potential exploit and are looking into this. Thank you for your support as we investigate,” on Twitter in the wee hours of […]
Another One Bites the Dust; Ethereum’s Insanely High Fees Force A Project to Shutdown
Crazy high fees on the Ethereum network continue to price out smaller users. This time, a small social network project called Unite.Community has been the victim of this. “We are unfortunately no longer actively developing Unite,” announced the project on Twitter this week. The project blamed the high fees for its shut down, which has been […]
Italy’s Consob Consults on Regulation of Securities Token Offerings
Consob is actively working on regulations that might one day permit so-called securities tokenization.
Why Are Celebrities Exclusively Endorsing Tron, “Is TRX Mass Adoption On The Horizon?”
On Thursday, out of nowhere, a couple of celebrities started talking about buying Tron, founder Justin Sun’s projects. “Exploring DeFi and already liking $JST, $SUN on $TRX. Super fast and 0 fee. Good job @justinsuntron,” tweeted actress Lindsay Lohan. Just a day before, Lohan tweeted about bitcoin going to the moon only to share the […]
Binance Smart Chain becomes strong contender to Ethereum
In January BSC generated $15 million in transaction volume and became the third largest blockchain by daily unique active wallets Just six months after its launch, Binance Smart Chain (BSC) looks set to rival the Ethereum blockchain, according to a report published yesterday by DappRadar. In terms of unique active wallets, BSC rose to overtake […]
PayPal wants to distribute CBDCs for central banks
PayPal has offered to distribute central bank digital currencies (CBDCs) to the masses using its digital wallets PayPal’s CEO has suggested that the payment company wants to help central banks distribute their CBDCs using its digital wallet. Dan Schulman suggested that the payment company could play the role private banks play in distributing the physical […]
