ETH 2.0: $22 Million being staked every day

ETH 2.0 rollout saw phase 0 of its multi-year roll-out commence on December 1st with the launch of the Beacon chain. The new proof-of-stake-based ethereum network has been the talk of the crypto town as many…

Chainlink: Bringing Verifiable Randomness to Ethereum mainnet

Chainlink’s verifiable randomness function, or VRF, has made its way to the Ethereum (ETH) main net. VRF will provide a decentralized source of randomness for the project’s decentralized ecosystem. A trusted source of randomness is essential for…

Swiss Canton Takes Taxes in Bitcoin as Crypto Gains Traction

Switzerland’s canton of Zug, home to hedge funds, crypto firms and commodity traders, will start allowing citizens to pay taxes in Bitcoin and Ether as the acceptance of digital currencies continues to rise. “Tax settlement…

What is DeFi and why is it the hottest ticket in cryptocurrencies?

One area in cryptocurrencies attracting huge attention is DeFi or decentralised finance. This refers to financial services using smart contracts, which are automated enforceable agreements that don’t need intermediaries like a bank or lawyer and use…

Why investors are rushing to DeFi assets

Defi is a crypto ecosystem made up of financial apps designed on leading blockchain platforms. While it seems that leading crypto assets like BTC and ETH have continued to experience low volatility in the past…

Bitcoins Are Being Tokenized Faster Than They’re Mined

Daily WBTC and BTC issuance since August 9 Since Sunday, 1,043 more bitcoins were tokenized through Wrapped Bitcoin than were actually created by bitcoin miners as the Ethereum-based decentralized finance (DeFi) boom shows no signs of abating.…

Ripple Q2 2020 Report: XRP Sales Increased 19-Fold

The XRP Markets Report shows Ripplenet’s On-Demand Liquidity network experienced 11x growth compared to 2019, while XRP sales surged in Q2. Sales of Ripple’s XRP token in Q2 surged after hitting a low in the…

Soaring DeFi Usage Drives Ethereum Contract Calls to New Record

Ethereum usage is rocketing as the number of contract calls – a metric for network activity – hits an all-time high. Coin Metrics reported Tuesday more than 3.1 million daily contract calls had gone through…