Pixelmon, a non-fungible token (NFT) project that raised over $70 million earlier this month, has recently revealed the artworks for which users paid up to $10,000…and the crypto community has been having a field day with them ever since. $70 MILLION LOOOOOOOOL pic.twitter.com/GAcfAuMlsS — Cobie (@cobie) February 26, 2022 While the definition of “art” is…
The Bank of New York Mellon Corporation, better known as BNY Mellon, is reportedly gearing up to become “the first [bank] to enter the global digital custody space” later this year. According to a report published by City A.M. on February 24, BNY Mellon’s upcoming custody platform will be aimed at institutional clients, enabling big…
Texas resident Timothy McKimmy has officially filed a lawsuit for at least $1 million against non-fungible token (NFT) marketplace OpenSea. In the complaint, he accused the platform of “negligence” that resulted in him losing an “unquestionably” valuable Bored Ape Yacht Club NFT. According to the lawsuit filed on February 18 in the Southern District of…
In an attempt to avoid confusion in the future over terminology on its network, the second-largest blockchain, Ethereum, has scrapped old terms like “Ethereum 1.0” and “Ethereum 2.0,” replacing them with new branding. No more “ETH 2.0” Ethereum Foundation disclosed this crucial move in a blog post that it would no longer use the terms…
Ethereum co-founder Vitalik Buterin revealed his vision for ETH 2.0 in a blog post this week titled “Endgame.” He spoke of developing trustlessness and censorship resistance to levels by his accepted standards. To achieve this, he laid out a “plausible roadmap,” with several surprises, including a proposed second-tier of staking using fewer network resources. The…
Social trading platform Enso Finance has announced a month-long “vampire attack” on six decentralized finance (DeFi) index projects in a bid to siphon their combined liquidity of nearly $1 billion. “Liquidity is the fuel that powers DeFi and it is the essence of Enso’s platform,” noted Enso co-founder Connor Howe. “We want to show the…
Perpetual Protocol, a decentralized perpetual futures exchange, has moved to Ethereum’s Layer 2 Optimistic roll-up scaling solution Optimism in its latest effort to provide the best-decentralized derivatives trading experience in crypto. The launch of Perpetual Protocol v2 (dubbed Curie) to Optimism Mainnet reduces the cost required to place a trade and speeds up trade execution,…
Crypto billionaire Vitalik Buterin has suggested a new short-term solution to curb soaring gas prices on the Ethereum network. The solution involves a new network upgrade that reduces the transaction calldata cost as well as limits the total transaction call data in a single block. Surging gas fee prices on Ethereum have constantly plagued the…
Ethereum was the first generalist blockchain to popularize Decentralize Finance (DeFI) through its use of smart contracts. In turn, they created a rich ecosystem of dApps as web interfaces to the blockchain’s smart contract, so far accounting for 3,778 dApps across 6,730 smart contracts. Such dApps have recreated virtually the entire financial system – borrowing,…
Fidelity Charitable, the largest grantmaker in the US under the Fidelity Investments banner, has reportedly accepted approximately $270 million via crypto donations since the beginning of 2021, it said in a release. Founded in 1991, Fidelity Investments Charitable Gift Fund (Fidelity Charitable) is the largest public charity in the United States that holds assets worth…