The gambling industry uses numerous payment methods to ensure players’ convenience. Here’s how cryptocurrencies play into online gambling. Gambling Industry Meets Cryptocurrencies: A Match Made In Heaven? The gambling industry is one of the most resilient sectors today, with global popularity and ample flexibility. Cryptocurrency casinos are among the more recent novelties to grace online gambling, to the great satisfaction of countless forward-thinking punters...
Read More »Uniswap Surpassed Bitcoin in Daily Revenue on 7-Day Average
As of the press moment, Uniswap has generated $7.1 million in fees over the past 24 hours. Meanwhile, Bitcoin’s 1-day fees reached $4.6 million. Both Uniswap and Bitcoin are remaining behind Ethereum the daily fees’ revenue of which has reached $117.2 million.For two days in a row, Bitcoin (BTC) has been superseded by Uniswap (UNI), the leading decentralized crypto exchange built on the Ethereum (ETH) blockchain. Uniswap beat Bitcoin in terms of the daily revenue that comes from fees.Hayden...
Read More »eBay Enters NFT Game: Allows Sale of NFTs on Its Platform
Jordan Sweetnam, Senior vice VP and General Manager for eBay’s North America Market, revealed that eBay will also add new capabilities that bring blockchain-driven collectables to the platform. E-commerce platform eBay on Tuesday allowed the sale of non-fungible tokens (NFTs). This comes after eBay CEO Jamie Iannone’s May 3 interview with CNBC revealing that the platform was considering adding crypto as a mode of payment. The move makes eBay the first e-commerce firm to delve into the...
Read More »The Number of Bitcoin Whales Is At a Yearly Low, Here’s Why
Apparently Bitcoin whales are not as loyal to their tokens as they are to the dollar value they represent. As time goes on and BTC fails to resume its bull run, there are fewer and fewer people with large amounts of Bitcoin in their wallets. According to data from blockchain analytics firm Glassnode, the number of Bitcoin whales has been in steep decline since the beginning of 2021, going from 2,237 on February 7 to 1,943 earlier this week. Bitcoin whales over time. Image:...
Read More »Palantir Accepts Bitcoin for Payments and Considers Adding BTC to Balance Sheet
Software & analytics company Palantir has announced that they will be accepting Bitcoin as a payment method. Palantir will also consider purchasing Bitcoin or other cryptocurrencies to store on their balance sheet. Thiel Bets Big on Bitcoin Peter Thiel, the co-founder of Palantir (and, notably, PayPal), has been a long-standing cryptocurrency advocate. The company announced that it now accepts BTC for payments and even considers adding it to its balance sheet. As early as...
Read More »QAN Raises $2.1 Million in Venture Capital to Build DeFi Ecosystem
QANPlatform – a project that is on a mission of building a quantum-resistant hybrid blockchain protocol, secured investment from various venture capital funds to build a DeFi ecosystem. QAN Successfully Closes a Funding Round of $2.1 Million The question of whether or not existing blockchain-based PoW networks would stand the test of a quantum computer is one that’s been discussed for quite some time. To this date, many believe that a quantum computer is the most serious...
Read More »Shield Finance Completes a $780K Round to Create a DeFi Insurance Aggregator
[PRESS RELEASE – Chiang Mai, Thailand, 11th May 2021] Shield Finance, a multi-chain DeFi insurance aggregator that will deploy across the Polkadot, Ethereum, Binance Smart Chain, and Solana blockchains announced today the completion of their private fundraising rounds, having successfully reached the hard cap amount of $780 000. Private Investors. Shield Finance’s potential combined with its seasoned team attracted immense support from industry innovators including Master...
Read More »Data Agnostic Oracle Network ORAO Chooses TRON’s Blockchain Over Ethereum’s
The data-agnostic oracle network supporting multiple blockchains, ORAO, will launch its general data product on top of TRON. The two parties announced a partnership earlier, with ORAO claiming it chose TRON due to the significantly lower transaction costs compared to other networks. ORAO to Launch Products on TRON Described as a “blockchain agnostic oracle platform built to support any number of chains,” ORAO operates with protocols working on top of Polkadot, Ethereum,...
Read More »Huobi and OKEx Add Support for DFINITY’s ICP – Internet Computer Governance Token
In addition to announcing ICP support, OKEx also revealed that its new investment arm Blockdream Ventures would invest up to $10 million in the development of the Internet Computer ecosystem.Huobi Global Ltd and OKEx exchanges have announced the launch of ICP – the native crypto asset of the Internet Computer built by the DFINITY Foundation. On Huobi, ICP deposits will be available at 16:00 (UTC).Huobi x $ICP – The #InternetComputer is finally here!? Huobi announces the launch of $ICP...
Read More »Plutos Partners with Razor Network to Obtain Onchain Price Feeds
After the integration of Razor, Plutos is set to release its native token $PLUT, which can be staked and minted by users to offer infinite liquidity.Plutos Network, a cross-chain synthetic issuance platform, has partnered with Razor Network to provide real-world data feeds. Synthetics trading platform, meet your oracle. The partnership should prove to be a match made in heaven for both networks.Plutos is a platform that has the tools to give users full and limitless control over swaps,...
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