Two equal chances to dominate the Web3 world

For most casual digital asset investors, the Ethereum 2.0 upgrade promises to be a game-changing event that will improve efficiency, reduce network costs and propel the entire blockchain and crypto space closer to a Web3 reality. Ethereum has been struggling with a lack of scalability and skyrocketing gas fees, and since it serves as the largest smart contract and DApp development platform, the move to a more reliable and scalable proof-of-stake (PoS) blockchain will be a welcome reprieve. Unbeknownst to most casual investors, however, Polkadot’s Substrate platform has been making…

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Gaming, crypto fintech and blockchain infrastructure dominate venture capital rounds

Cryptocurrency markets remain caught in a macro-based downtrend, with Bitcoin (BTC) and Ether (ETH) showing further signs of weakness at the end of April. But, venture capital activity in the crypto and blockchain sectors is the strongest it has ever been, offering further evidence that major investors are looking beyond immediate price action and ignoring divisive bull/bear narratives. The latest edition of VC Roundup highlights the growing excitement surrounding Web3 gaming, decentralized finance (DeFi) and blockchain infrastructure. The first quarter of 2022 was brutal for crypto prices, but venture capital…

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Emerging economies dominate Chainalysis’ 2021 Global Crypto Adoption Index

Vietnam, India and Pakistan are leading the world in terms of cryptocurrency adoption, underscoring the resilience of peer-to-peer monetary systems in emerging economies. Chainalysis’ 2021 Global Crypto Adoption Index evaluated 154 countries based on three key metrics: on-chain cryptocurrency value received, on-chain retail value transferred and peer-to-peer exchange trade volume. Each metric was weighted by purchasing power parity. Vietnam received the highest index score for its strong performance across all three metrics. India was a distant second, but still performed exceptionally well for on-chain value received and on-chain retail value…

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Data shows Bitcoin bears dominate Friday’s $2.5B BTC options expiry

Bitcoin (BTC) price dropped roughly 22% over the past 7 days, retesting the $31,700 area for the second time in June. The most pressing news for the negative performance has been China supposedly cracking down bank accounts of over-the-counter desks, according to some analysts: China cracking down on the bank accounts of #bitcoin OTC desks, this is getting serious!!! — Lark Davis (@TheCryptoLark) June 21, 2021 However, as reported by Cointelegraph, Bitcoin’s hash rate dropping nearly 50% to an 8-month low could also have played a vital role in the…

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Ethereum faces largest ever options expiry as bears appear to dominate

Ether (ETH) faces its largest options expiry ever on June 25 as nearly $1.5 billion out of $3.3 billion notional open interest (OI) in ETH options will expire. June’s expiry has over 638,000 ETH options contracts in its purview, accounting for 45% of the total open interest in these options. Although it’s the largest options expiry in the history of the derivative product, the open interest in ETH options OI hit its all-time high of nearly $5.5 billion on May 20 soon after ETH had hit its all-time high of…

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Bitcoin bears dominate Friday’s $2.1B BTC options expiry with a $585M lead

A total of 53,400 Bitcoin (BTC) options are set to expiry on Friday, May 28. At first sight, bulls appear to lead as the $2.1 billion open interest call (buy) to put (sell) options ratio stands at 1.32, favoring the neutral-to-bullish derivatives. However, after Bitcoin dropped 33% in May, the right to acquire BTC at $46,000 and above is essentially worthless since there are less than 38 hours left before expiry. Bitcoin price at Coinbase, USD. Source: TradingView On May 20, Cointelegraph reported that “May 28 will be no different…

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Dog tokens dominate Uniswap v3’s rankings

Despite DOGE’s dramatic crash following the highly anticipated episode of Saturday Night Live hosted by SpaceX founder and hypothetical Dogecoin CEO, Elon Musk, many dog-tokens that recently rode DOGE’s coat-tails are still up several-hundred percent in just a couple of weeks after driving billions in trade volume on Uniswap v3. In spite of its limited utility, the self-described “experiment in decentralized spontaneous community building,” Shiba Inu (SHIB), has dominated Uniswap v3’s rankings since the DEX’s May 5 launch. Since Uniswap v3’s launch, the WETH/SHIB pairing ranks as the top pairing…

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WHALE and RALLY dominate social token scene with $240m market cap

Two social tokens are shining brighter than the rest with a combined market capitalization of $240 million. Research compiled by crypto data aggregator Messari has revealed the WHALE token is the most valuable social token with a market capitalization of $136 million. RALLY is a close second with a $104 million market cap, meaning the pair represent $240 million combined. Whale is currently the most valuable social token by marketcap at $136mm + $RALLY is a close second + $MORK a distant third pic.twitter.com/qi08Rx1HYD — Messari (@MessariCrypto) April 5, 2021…

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How decentralized companies can dominate Web3

Decentralized autonomous organizations — known as a DAO for short — have become a mainstay of the crypto world. The rationale behind DAO is to enable companies and organizations to fully function without the need for a hierarchical management structure. As this Cointelegraph guide explained, it’s like a vending machine delivering a snack in exchange for a bundle of coins — and then automatically using those funds to reorder stock. There’s no need for human involvement in keeping the machine running, as all of the processes it needs to function are…

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Supply chain and logistics projects dominate additions to Forbes Blockchain 50

More than half of companies added to the Forbes Blockchain 50 list for the first time this year are using tblockchain to resolve logistical issues faced in their line of business.  Eleven of the 21 new entrants added to the annual tally are applying blockchain and DLT-based solutions to problems regarding supply chains, product tracking and shipping information. According to Forbes, “hundreds of sizable companies are now using Bitcoin and its underlying technology to make their operations more efficient.” “Most companies on the Blockchain 50, however, are not Bitcoin speculators…

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