Category: Cryptocurrency News

PRESS RELEASE. Affyn’s private round was oversubscribed within a week of its website unveiling, resulting in the opening of a new strategic round that once again became oversubscribed, ahead of its presale in December 2021. Backed by more than 50 venture capitalists, institutional investors and partners, signaling high confidence and strong demand for Affyn’s Play-to-Earn […]

Maybe one of the best-performing assets in 2021, LUNA has been trending against the market for the past 2 weeks. While Bitcoin, Ethereum, and other major cryptocurrencies remained rangebound, the native token for the Terra ecosystem re-entered uncharted territories. Related Reading | Terra Begins LUNA Burning, Why It Could Target $140 As of press time, LUNA trades at $87 coming in from a monthly low at $38 which represents almost a 40% increase over that period. As reported by NewsBTC, Terra deployed several improvements on its mainnet in the past months. These included Colombus-5, Wormhole v2, and an Inter-Blockchain Communication (IBC) protocol. The first of these upgrades could be the fuel that has triggered LUNA’s rally as it implemented a burning mechanism into the network. Effectively, this upgrade has turned LUNA into a deflationary asset that will continue to see buying pressure into the future. Per a report by Delphi Digital, the Terra ecosystem has also benefited from the deployment of Astroport, an Automated Market Maker (AMM). The protocol is yet in an early phase but has already seen over $1 billion in capital inflows. This capital injection into Terra’s ecosystem coincides with LUNA’s rally which goes to show the importance of adoption for this token’s performance. Delphi Digital said: LUNA price notched another ATH today before retracing lower. The price increase over the last few days was likely triggered by investors buying spot LUNA to lock up in the Astroport lockdrop, then hedging their position via perpetual futures to remain delta neutral. As the chart also shows, LUNA has the right ingredients to continue its rally: reaching price discovery on negative funding rates for the derivatives sector, which suggests speculators expected more downside in a short time. It remains to be seen if the trend will be able to hold in 2022. Terra (LUNA) And Its Potential To Take Over 2022 LUNA’s ecosystem has displayed strength in other sectors. The network’s native stablecoin UST has been gaining more adoption and could potentially disrupt this sector of the crypto market. Delphi Digital records an increase in market capitalization for UST since December 15th. This stablecoin has been in a close fight with DAI, one of Ethereum’s most prominent assets, as seen below. Delphi Digital added: UST and DAI have been neck-and-neck in terms of market capitalization, with UST briefly overtaking DAI as the 4th largest stablecoin last week. Yesterday, UST overtook DAI more decisively as it had been trading higher for at least the last 24 hours. Related Reading | LUNA Outperforms Bitcoin’s Rally, Why It’s Ready For Massive Gains Christmas is still some days away, but December has already proven itself as one of LUNA and Terra’s most important months in 2021. With solid fundamentals, this network seems poised to continue its upwards trend in the near future.

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Manasquan Bank, a mutual community bank in New Jersey serving residents since 1874, has announced it is partnering with the company Bakkt to give its retail clients the ability to buy, sell and hold cryptocurrency through the bank’s mobile banking application. Manasquan Bank to Give Customers Access to Crypto A mutual community bank headquartered in […]

In anticipation of the next paradigm shift for gaming, Neon Media focuses on building responsible systems, messaging and engagement, as well as product evolution.

There is growing data to suggest that the coming few months and years could see Ether truly deliver on its ‘flippening’ promise.

Bitcoin and altcoins have not had the best week according to reports coming out of the market. The crypto market as a whole has been enjoying months of continuous inflows following hot on the heels of the recent market rally. It has pushed crypto-assets such as bitcoin towards new highs as inflows had hit a new record alongside assets under management. But it seems that this is changing. Coming off the back of what was 17 consecutive weeks of inflows, the market is now seeing movement in the opposite direction. While assets such as ethereum had previously recorded outflows at various times, they had been isolated to a select few. Now the whole market is seeing its first week of outflows after four months of inflows, setting a record at the same time. Related Reading | Millennial Millionaires Are The Most Bullish On Crypto, Survey Finds Largest Record Outflows The total amount of outflows for last week came out to a total of $142 million. This marked the first week of outflows after a 17-week inflows streak that brought assets under management towards record highs. Not only was this the first week of outflows following over four months of inflows, but it is also the largest weekly outflow from the crypto market on record. This follows an impressive rally from the crypto market where major cryptocurrencies touched towards a new high. There have been sell-offs all across the market as investors have taken profit and institutional investors are not left out. However, the outflows, despite being a record high, represent only a small total (0.23%) of the asset under management and are also meager compared to the outflows of 2018 that touched as high as 1.6% of total AuM. The total inflows for the year had reached a record high of $9.5 billion, almost 50% higher than the record that was set in 2020 of $6.7 billion. So despite the outflows, inflows for the year still remain at a record high. CoinShares also notes that the crypto market is not the only one that has recorded outflows either. Risk assets have all seen outflows after the U.S. Fed had released its statement on tapering. Bitcoin Leads Outflows Bitcoin took the lead for the asset with the most outflows for the week. The digital asset had seen its price plummet back to below $50,000 since hitting its all-time high of $69K but had continued to maintain inflows in the weeks following that. This marks the first outflows for over 17 weeks but remains firmly below outflows levels recorded in June that touched as high as $150 million. Related Reading | Struggling Prices Beats Bitcoin Expectations Down From $100K To $50K Ethereum has alternated between inflows and outflows for the last 17 weeks. The second-largest cryptocurrency also saw record outflows for the week with a total of $64 million in outflows as it continues to counter bitcoin’s outflows. Solana, Polkadot, and multi-asset investment products were spared of the onslaught as they saw $6.7 million, $2.5 million, and $1.5 million in inflows respectively. BTC recovers above $48K | Source: BTCUSD on TradingView.com Featured image from Wikipedia, chart from TradingView.com

OR (Optimistic Rollup) and ZKR (ZK Rollup) are great. But I'm curious, Is it possible to build a ZKR on an OR? E.g. Polygon builds another zk rollup on Arbitrum How about building an 'L3' on L2 to get 10,000x fee reduction? Or build an L4 and get 1 million fee reduction?? Or build an…
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