The Daily Crypto News

Global Digital Finance says digital assets' social utility outweighs their carbon footprint. The crypto and digital asset sector's phenomenal expansion this year has garnered media attention, not all of it positive. With the industry in the spotlight, our global community may discuss crypto-energy usage and the social utility of digital

Concentrated liquidity in Uniswap v3 improved capital efficiency but increased loss risks. Here's how liquidity providers can boost profitability. Bancor just published a paper on impermanent loss when providing protocol liquidity. The study collected data from May's Uniswap v3 launch to September. Permanent losses (-$260.1M) outweigh trading fee

Alex Shipp writes that zero-knowledge proofs accelerate Ethereum innovation. Zero knowledge proofs (zk-proofs) are propelling innovation in decentralized ecosystems this year. Shari Goldwassser, Silvio Micali, and Charles Rackoff first proposed Zk-proofs in 1985. Ethereum developers, system architects, and researchers have spent the last three years developing solutions and workarounds. Their

MetaMask's co-founders reflect on six years building their crypto wallet venture. MetaMask has come a long way from its founding by two techies anxious to make their mark in a new business. We want to reflect on MetaMask's progress and how our journey has formed its ethos. We both worked

Harmony blockchain executives canceled their commitment to return $100M in June. Layer 1, which competes with Solana, has struggled since then. Stephen Tse has new ideas. The Harmony Foundation's treasury may pay tokenholders over months and manufacture new ONE coins over years. Raising transaction fees would fund "ecosystem expansion." Alternatives

Google searches for 'crypto' and 'NFTs' plummeted Investors struggle to call the market bottom. When is it safe to buy again? This is a huge question as The Merge stimulates an Ethereum rise and hopes for a bull run. Many investors are looking to Google Trends data for indicators of

DAOs can transform society by democratizing previously hierarchical economic and social activity. DAOs haven't reached real decentralization, as many have noted. Tokenholders lack the competence and time to participate in DAO governance. We lack explicit procedures to guarantee DAO choices are aligned with tokenholders interests. These issues mirror those faced

Optimism's release of the OP coin has sparked debate regarding its pricing and future airdrops. This article evaluates Optimism's potential growth and valuation after the OP token's debut by comparing it to other Layer 2 tokens and sidechains. Boba Network and Metis Andromeda are two competing universal Ethereum Layer 2

Blockchains went widespread in 2017 despite Bitcoin's 2009 introduction. Crypto's market cap peaked at $2.9T in November 2021, about 12 years after Bitcoin's creation. Bitcoin's rise created incalculable wealth and transformed how society views money and its supply. Blockchains fell victim to their own success. Traffic caused slow transaction

Even if the price of ETH has decreased roughly 50% since early April, Ethereum scaling solutions continue to get funding to overcome bottlenecks that slow down the blockchain and make it expensive to use. Israeli firm StarkWare, which builds Layer 2 scaling solutions for Ethereum, raised $100M at a $8B

Ycharts data shows that Ethereum's transaction fees are at their lowest level since mid-2020's 'DeFi Summer' Ethereum transaction fees are below 13 gwei, the lowest in two years. Campout The dramatic fall in on-chain activity may also cast doubt on The Merge, a bullish indication propelling Ethereum's summer rise. After

Centralized vs. decentralized finance Blockchain will expand financial access. Smart contracts, pioneered by Ethereum, treat finance permissionlessly and non-custodially. Bitcoin's resilience shows a non-central bank money system is conceivable. Blockchain technology can be permissioned. A central authority controls and decides on the protocol's functioning. Including private keys. That's the difference

A Social Media Giant Is Going to Launch ERC20 Tokens Based on Arbitrum. Alongside the launch of Reddit's Community Points program on Tuesday was the introduction of Arbitrum Nova, a Layer 2 blockchain with the objective of enhancing the gaming and social media experiences on Ethereum. Popular social media platform

The release date for the upcoming Win-to-Earn (W2E) game Project Hive for Android has been announced. In September, the RPG deck-building game will be available on Google Play. Project Hive was created by a group of seasoned video game professionals under the direction of art director Marcin Rubinkowski (Love Death

The top social trading platform BingX, which offers USDC options, has announced the expansion of its business into Germany. This comes after its Lithuania office opened in April. The adoption of a blockchain strategy by Germany set the stage for the development of Web3, blockchain, and metaverse applications in a

The release date for the upcoming Win-to-Earn (W2E) game Project Hive for Android has been announced. In September, the RPG deck-building game will be available on Google Play. Project Hive was created by a group of seasoned video game professionals under the direction of art director Marcin Rubinkowski (Love Death

The cryptocurrency market has gained a new gem in Uniglo (GLO). Introducing a social money supported by numerous assets, this new participant is a decentralized finance (DeFi) project. When Uniglo started its presale on July 15 of last year, the project saw a 25% increase in its first week. This

On July 27, Gorilix (SILVA), Polygon (MATIC), and Uniswap (UNI) all experienced significant price increases. The US Federal Reserve's move to boost interest rates by 75 basis points is credited by analysts as the cause of the upswing. But the good news is not entirely pure. On the surface, the

Prolonged economic sanctions against the Islamic state have forced Iran to start using crypto as a medium of exchange for international trade deals. Struggling through decades of economic sanctions, Iran has placed its first international import order using $10 million worth of cryptocurrency, according to a senior government trade official.

Vietnamese game developer Sky Mavis, the company behind the blockchain-based game Axie Infinity (AXS), is rejecting accusations of wrongdoing in the wake of the March hack of the Ronin blockchain. This is despite the fact that some USD 3 million of its native AXS token had reportedly been transferred from

Space and Time intends to be the first really decentralized solution for quick and safe data processing at corporate scale as the DeFi & GameFi industries expand. A venture capital firm recognized for its early forays into decentralized finance (DeFi) and blockchain gaming has raised USD 10 million in a seed

The usage of cryptocurrency for gambling is still relatively new, but it may become more common in the future. Playing casino games with a dealer in a live casino is more convenient than merely using a computer. The games offered by live casinos are the same as those found in

In an effort to raise awareness of the Solana blockchain and Web3 in general, the team behind open-source blockchain Solana (SOL) is getting set to launch its real store to the public in New York City, USA. The Solana Foundation, a nonprofit devoted to the expansion of the Solana network,

Using smart contracts, attackers passed a hostile governance proposition. Audius' AUDIO tokens were taken in a sophisticated hack using the project's governance forums. Audius uses community voting and governance to make decisions. Attackers used a phony post and token votes to steal cash on Saturday. "Proposal #84" assigned 10 trillion

No longer a hobby, gaming. The viability of blockchain and NFTs as revenue sources has also been demonstrated. The numerous blockchain games that are being released on the market each week attest to the industry's promise. A gamer's time and abilities are rewarded through the in-game economy and play-to-earn concept.