Following a proposal from EOS developer Block.one to improve resource allocation on the EOS blockchain, the testing phase for the PowerUp model is complete and now officially activated. Back in Q4 2020, Block.one submitted a proposal suggesting a change to how EOS allocates and manages on-chain resources. His
The Cardano development team has released some details on its upcoming Alonzo hard fork. Cardano’s founder Charles Hoskinson had earlier said that a tentative date for the hard fork would be released by the end of March 2021. We should have a tentative Alonzo date at the March Cardinal
Popular decentralized exchange and DeFi aggregator, 1inch Exchange, has announced that it is rebranding to ‘1inch Network.’ The rebranded exchange still consists of the five core components of the 1inch ecosystem - 1inch Aggregation Protocol, 1inch Liquidity Protocol, 1inch DAO, 1inch Labs, and 1inch Foundation. The reason for the change
Rising blockchain-powered streaming platform, Audius, in the last couple of months has experienced unprecedented growth. With more than 4 million monthly users, this streaming pioneer is set to break into the nascent yet fast-paced non-fungible token (NFT) market. In a blog post published by the streaming platform, Audius Collectible, a
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There needs to be a stronger focus on mainstream crypto assets to advance the appeal of decentralized finance. Kava delivers on its promise by letting users earn staking rewards in Bitcoin via the HARD Protocol Money Market. A significant step forward for the DeFi industry as a whole. The Role
Immutable X, in an attempt to promote the mainstream adoption of non-fungible tokens, has launched a layer-2 protocol on the Ethereum network. According to the press release, this protocol will solve a few of the problems NFT developers and creators have had to deal with for some time. A major
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As most experts predicted, the poker and non-fungible token (NFT) worlds have overlapped in a recent partnership between World Poker Tour (WPT) and Theta Labs, sole administrators and operators of the Theta Network. According to a press release from WPT, moments from some of the previously televised shows will go
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San Francisco, April 8th, 2021 1500 UTC: HARD Protocol Version 2 introduces significant changes and enhancements to the HARD cross-chain money market. HARD Money Market V2 will have the cheapest borrowing rates of any crypto lending facility in the first 3 months. Catering to the needs of institutional players will
Press Releases
San Francisco, April 8th 15:00 UTC - Kava announced today that it enables institutions to earn +45% APR on Bitcoin holdings without counterparty risk. The Kava baselayer infrastructure has been optimized. Kava Labs released the Kava 5.1 upgrade to the public including its borrow side functionality. Bitcoin and
Avalanche, an open-source blockchain that democratizes financial markets and connects several blockchains in one interoperable ecosystem, has announced its integration of The Graph. The Graph is an indexing and query layer of the decentralized web that allows developers to build and deploy open APIs, known as subgraphs. Decentralized applications (dApps)
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Bitcoin recently suffered a significant price hiccup as over $6 billion worth of options contracts expiration date was approaching. However, the price has performed far better than expected even as the expiration date came. The coin’s recovery has already started, and many assume it is due to institutional involvement.
A proposal seeking to formalize how Yearn users will receive the upcoming EPS airdrop is currently being voted on. Following the launch of Ellipsis.finance, the project plans to distribute 25% of its supply to veCRV holders over the next year. Yearn, through its Backscratcher depositors program (yveCRV vault), became
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Anticipating another Bitcoin price spike, the crypto network continues to expand exponentially. After the brief downturn caused by the Iranian crackdown on crypto exchanges, Bitcoin quickly regained its position and now trades at a value slightly lower than its all-time high of $61,000. There’s no doubt that the
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The blockchain dapp industry has seen tremendous growth of 639% increase in active wallets across all blockchain platforms in Q1 of 2020 according to the recent DappRadar reports. Hitting 458,000 daily active wallets Binance Smart Chain evolved as the biggest contributor, bringing in an average of 105,000 daily
Mina Protocol announced on Thursday morning that the maximum purchase limit for its upcoming community token sale has been lowered to $500 from an earlier $1000. According to the team, MINA tokens have garnered overwhelming demand from buyers. As a result, the number of registered buyers currently exceeds the number
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A proposal to upgrade the current Kava chain (Kava-6) to Kava-7 has passed its on-chain voting period. Kava Prop 41 is the third attempt to upgrade the Kava mainnet. However, unlike previous unsuccessful attempts, the proposal has finally met the quorum requirements. Consequently, the Kava-7 upgrade is expected to go