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Alonzo Upgrade to Launch Soon on the Cardano Platform to Support Smart Contracts

According to the newly published blog post that discusses the network’s new features, Alonzo, Cardano’s latest protocol update, will be a game-changer. The Alonzo Upgrade in Detail IOHK, the team behind the update, is looking to establish Cardano as the leading smart contract platform. Last month, the group launched Mary, a multi-asset modification that enables Read More

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The Power of ETH and BCH: Smart Bitcoin Cash Project Highlights Innovative Sidechain

On Thursday, Bitcoin Cash proponents were introduced to a new website that features a project called Smart Bitcoin Cash or Smartbch for short. Essentially, the project is a sidechain for Bitcoin Cash that is compatible with Ethereum’s EVM and Web3 API, which means people will soon be able to leverage decentralized applications (dapps) without paying lots of money for transaction fees. Bitcoin Cash Fans Introduced to a Unique Ethereum and Web3-Compatible Sidechain At the time of writing, Ethereum is the dominant chain when it comes to Web3 applications and decentralized finance. However, ethereum (ETH) fees to interact with a Web3…

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Moonbeam Network Receives Fresh Capital Injection After Purestake Fundraising Success

Following an initial seed capital round of $1.4 million, Purestake has raised a $6 million strategic round of financing from a consortium of investors to accelerate development, as the team aims to bring the Moonbeam network live in the second half of the year. Ethereum-Compatible Smart Contract Initiative Aims To Deliver Mainnet By Mid-2021 Ethereum may be the blockchain of choice for many decentralized application (dapp) and smart contract developers at present, but that paradigm is quickly shifting as more roads lead towards Polkadot, an up-and-coming cross-chain communication protocol. Among the fascinating projects hoping to build on Polkadot’s forthcoming parachains…

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Binance Intends To Train 1000 Developers In Africa By End of March 2021

The Binance Masterclass series has become a household name in the African cryptocurrency ecosystem for providing training for thousands of people every month. In an effort to increase the blockchain education and skillsets on the continent, Binance plans to provide up to 1000 blockchain developers in Africa with the right tools and skills to build their first DApps on the Binance Smart Chain (BSC) network.  Starting from January 31st, with a two-hour Binance Masterclass – Developers’ Edition on ‘Careers in Blockchain Technology’, where Binance CEO, Changpeng Zhao (CZ) will introduce the program, the Binance Smart Chain and Binance Africa teams will…

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ETH Volumes Top $119.5 Billion in Q3: High-Risk Dapps Dominate Tron Network

A recent report says total Dapps transaction volumes reached $125 Billion in Q3 2020, a figure which is $113 billion higher than in Q2 2020. From these volumes, the Ethereum blockchain accounts for 96% or $119.5 billion of the total created value with the majority of this being attributed to the DeFi ecosystem. Still, the report observes that the EOS and Tron blockchain, where gambling and high-risk category account for 60% of activity, are the only competing chains to offer Ethereum a challenge, albeit a very limited one. Compiled by Dappradar, the report says the Ethereum blockchain was able to…

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Ethereum’s DeFi Apps Volume Hits $120 Billion In Q3 2020

Ethereum’s DeFi apps volume increased by 99% of the blockchain’s transaction volume in Q3 this year as we are reading more in our ethereum news today. Ethereum’s Defi apps volume skyrocketed to $119.5 billion in the third quarter of the year according to DappRadar’s report which is almost 1200% increase compared to Q2. Decentralized Finance applications accounted for 99% of the volume which means it crushed the ETH gaming sector. The transaction volume on the ETH blockchain reached $119.5 billion in Q3 2020, marking a surge of nearly 1200% compared to the previous quarter according to DappRadar’s industry report today.…

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DApps can now send push notifications to Ethereum wallet users

An Indian startup plans to take DApps and decentralized services out of the “stone age era of communication.” An Indian startup has built a decentralized notification protocol dubbed Ethereum Push Notification Service (EPNS) allowing DApps to send push notifications to Ethereum wallet users. Speaking to Cointelegraph, EPNS founder Richa Joshi said that they developed the protocol after finding a striking similarity between how applications operated in the early days of the internet and how they operate on Web 3.0. She explained that Gmail or Orkut did not send notifications in their early days as they do now. Users would have…

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Apple forces Coinbase to change its crypto products, says CEO

Brian Armstrong has taken Apple to task over its allegedly exclusionary policies towards crypto app developers. Brian Armstrong, the CEO of United States cryptocurrency exchange Coinbase, alleges that Apple is stifling innovation in crypto and sidelining DeFi to protect itself from competition. In a Twitter thread published on Sept. 11, Armstrong doubled down on his earlier claims that Apple continues to block some functionalities for cryptocurrency developers.  The CEO alleged that other cryptocurrency firms are “reluctant to speak out on these topics for fear of retaliation,” but that he feels the need to speak out as Coinbase has exhausted regular…

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Elastic Finance makes its case in the DeFi discussion

Is this new DeFi trend here to stay? The DeFi frenzy has been making the headlines in the last few months, as crypto exchanges rush to list popular tokens within the decentralized finance sphere. However, another concept called “Elastic Finance” has emerged, which could be the next generation of financial platforms that can use unique supply elastic assets, said an expert. During an interview with Cointelegraph, digital asset protocol firm Ampleforth Foundation CEO Evan Kuo said that Elastic Finance began with its own token, AMPL, a rules-based elastic digital currency that automatically translates price volatility into supply volatility. He said…

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Adjusted TVL metric helps put DeFi growth in perspective

Fundamental growth is not so impressive when you factor out the bull run. A new metric published by DappRadar wants to paint a more reliable picture of how the decentralized finance ecosystem is growing. Called “Adjusted TVL,” the metric attempts to clean total value locked readings from any external influence — primarily price increases. Total value locked is often considered a measure of the popularity of a DeFi protocol and the sector as a whole. However, measuring it in U.S. dollars means that any token price increase will also drive TVL up — even though no new assets were committed…

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Coinbase CEO Bashes Apple for Hostility Towards Crypto Apps

Tech giant Apple Inc. is working through issues with its App Store and the many restrictions that it has enforced. Piling on the criticism is Coinbase, one of the world’s largest crypto exchange platforms. App Marketplaces’ History of Crypto Rejections Yesterday, Brian Armstrong, the chief executive of the San Francisco-based exchange, took to Twitter to criticize Apple for its policies against crypto-based decentralized applications (dApps). In a Twitter post, he explained that Apple has consistently blocked some functionalities for cryptocurrencies, including earning capabilities and unrestricted dApp browsers. Explaining further, he said: “Apple has been very restrictive and hostile to cryptocurrency over the…

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Apple Remains Hostile Towards Crypto: Coinbase CEO

The Coinbase CEO Brian Armstrong believes that Apple remains hostile towards cryptocurrencies as the fight for daps on the App Store continues. More on the story in our Coinbase latest news below. Coinbase and Apple are not getting along after months of the exchange warning its customers that it might remove all applications from the Apple store. Brian Armstrong, the CEO of Coinbase tweeted that Apple remains to block some main functionalities for crypto including the ones that are able to earn money and unrestricted decentralized app browsers:  “Apple has been very restrictive and hostile to cryptocurrency over the years.…

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Coinbase CEO Says Apple Still Hostile Toward Crypto

The fight for dApps on the App Store continues. Coinbase and Apple are still not getting along months after Coinbase warned customers it might remove an application from the Apple Store. Coinbase CEO Brian Armstrong tweeted on August 22 that Apple continues to block some functionalities for cryptocurrencies, including being able to earn money and unrestricted decentralized applications (dApp) browsers. He said: “Apple has been very restrictive and hostile to cryptocurrency over the years. They're still blocking some functionality right now, including the ability to earn money with cryptocurrency by completing tasks, and unrestricted dapp browsers.”In December, Coinbase warned its customers it…

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Qtum Announces $1 Million DeFi Development Fund For Developers

Qtum announces a $1 million new DeFi development fund that can be used for both solo and team developers that are looking to create scalable Dapps. The blockchain smart contract network became the biggest ecosystem to wow the ETH developers as it can boast compatibility with the EVM of ethereum which means developers and port projects directly so let’s find out more in the latest cryptocurrency news today. Qtum is not the first blockchain platform that opened its doors to DeFi developers. Matic Network issued a similar call recently with a huge grant program to kickstart adoption. The founder Patrick…

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Samsung Phone Support for Gemini Exchange Can Further Crypto Adoption

Samsung and Gemini’s joint efforts may help to overcome some of the roadblocks facing the global adoption of cryptocurrencies. In a major new partnership, Samsung has announced that the Samsung Blockchain Wallet will be integrated with Gemini, a New York-based crypto exchange. This integration will allow owners of newer Samsung Galaxy phones to not only use their devices as cold storage wallets but to buy and sell crypto via the Gemini exchange as well.Samsung is the global leader in the smartphone market, with 298.1 million units shipped and a 21.8% market share in 2019, according to tech analytic firm Canalys.…

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Matic Network Positions Itself as the Go-To Platform for Gaming dApps

Activity on the Matic Network has gone into overdrive of late. The project recently finalized Phase 1 of its mainnet launch by adding third-party staking validators into the mix. The list of external validators available so far includes Infosys, Chain Guardians, Biconomy, and Torus. Current available staking validators. (Source: wallet.matic.staking) The firm recently tweeted that an additional 25 external validators will come on board during Phase 2. As well as that, Matic recently completed Deployment Week. This refers to the reveal of five dApps over a five day period. The onboarded dApps were 0xUniverse, Blocklords, 0xRacers, BlockchainCutie, and 0xWarriors. Source:…

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Bluzelle & Elrond Partner to Leverage Scalable Blockchain Technology for dApps

Elrond and Bluzelle have inked a partnership that will see decentralized apps (dApps) on the Elrond mainnet running on the latter’s tamper-proof scalability data layer. The move likely forms an important partnership in the quest for enabling greater usability for dApps within the context of the current Web 3.0 development. Decentralized file storage continues to be an important aspect of Web 3.0 with protocols requiring more agile data layers than those provided by traditional services. The semantic aspect of Web 3.0 is one of the developing new processes in the emerging tech sector along with other pursuits like artificial intelligence…

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