Day: October 1, 2023

Google Cloud Steps in as a Validator for Polygon Amidst Its Validium Transition

Polygon, the multifaceted scaling solution for Ethereum, recently confirmed Google Cloud as an official validator for its proof-of-stake sidechain, illustrating a consistent pattern of tech behemoths’ inclination towards Polygon, as evidenced by Deutsche Telekom’s earlier association. The news emerged on Polygon’s network, highlighting that Google Cloud’s robust infrastructure, which fortifies platforms like YouTube and Gmail, […]

Accelerated Funding in Crypto Sphere: A $72M Week Focusing on Cross-chain Oracles and NFT Apparel

Eight pioneering crypto startups have garnered an impressive $72.2 million this week, with the lion’s share attributed to a firm perfecting a cross-chain oracle solution. Supra, innovating in the cross-chain domain, secured $24 million in preliminary private investing rounds with participation from prominent investors like Animoca, Coinbase Ventures, HashKey, and numerous others. Accessible on over […]

Redefining Artistic Value: NFTs vs Traditional Art

The conventional art realm operates within a sphere where value is imperative, especially as every interaction—be it appraisals, legal evaluations, or freeport placements—invokes significant transaction fees and costs. High transaction costs dictate that traditional art must possess substantial value to act as a viable asset. Consider Masterworks, a shared ownership platform, which securitizes the works […]

Unlocking Blockchain’s Potential: The Role of On-Chain Attestations

Graeme Moore, Head of Tokenization at the Polymesh Association, sheds light on the transformative potential of on-chain attestations in unlocking the most valuable use cases of blockchain technology. The views expressed are his own and do not necessarily represent those of Decrypt. In the Web2 world, identity verification is normalized, but it’s yet to become […]

Ethereum Staking Centralization: A Double-Edged Sword?

  The crypto market has unanimously embraced staking, exceeding the expectations of core developers. The demand isn’t merely to build on Ethereum but also to participate in its consensus through staking. Stakers, by putting down ETH as collateral, validate the network and earn rewards, creating a market equilibrium based on yield and the size of […]

Interest-Bearing Stablecoins Thrive Amidst Rising Rates

While inflation shows signs of receding, interest rates continue to climb, impacting the allure of risk-on assets like Bitcoin and Dogecoin. However, this scenario is breathing new life into a specific sector of DeFi—interest-bearing stablecoins. The rising interest rates are proving to be a boon for stablecoin providers in the DeFi sector, marking the resurgence […]

Worldcoin Thrives in Emerging Economies: A Look at Chile

In downtown Santiago, a shiny silver orb beckons passersby outside a metro station. The response? Forming a line, it seems. Worldcoin reports that over 200,000 Chileans have had their retinas scanned by its innovative yet contentious Orbs. For advocates of privacy, this marks a stride towards an impending dystopian future. However, for many, it’s an […]

U.S. Government Shutdown? What Could It Mean for Bitcoin’s Price

The United States stands on the brink of a partial government shutdown due to disagreements in Congress, primarily stemming from Republican demands for drastic cuts in public spending. Credit rating agency Moody’s has sounded the alarm, warning that a shutdown could negatively impact the creditworthiness of U.S. sovereign debt. Should the shutdown materialize, hundreds of […]