With the launch of Ethereum in the summer of 2015, the use cases for blockchain technology and cryptocurrencies were intended to be broadened beyond the original purview of Bitcoin to include all fashions of decentralized applications, including crowdfunding, permissionless financial services, and new organizational models.
As a “universal machine,” Ethereum was intended to let programmers create and run apps enabled by smart contracts, which are programmed protocols that ease the exchange of digital assets.
We at CryptoAnnals are tracking the development of the Ethereum community. Will it become a crucial component of the network for a freer, more open internet? Or will it lose out to competing smart contract (or conventional) platforms battling for customers’ attention and market share?
Trust Wallet, a decentralized crypto wallet service and infrastructure company, has entered into a new relationship with MoonPay and Ramp Network in an effort to bring further utility to its consumers. This was accomplished by signing a new partnership agreement. According to a report published by CoinDesk (1), the collaborations with the two payment firms … Read more
The Non-Fungible Tokens (NFTs) business has grown to become a crypto sector valued at $2.1 billion, and OpenSea has played an important role in the expansion of its use around the world. OpenSea was established in 2017 and has already facilitated more than $20 billion in NFT volumes from over 2 million collections. In addition, … Read more
After successfully launching the Solana ecosystem a year ago, authentic 90’s gaming and collectibles firm POG Digital NFTs is getting ready to launch on the Ethereum blockchain, the largest DeFi ecosystem. POG Digital claims (1) that the minting of NFTs on the Ethereum platform will begin on April 6 with a quantity of 4,444 units. … Read more
As Ethereum (ETH) gets ready for its much-anticipated upgrade, which is now being referred to as “Shapella,” the network has come up against a new obstacle in the type of malicious threats on Miner Extractable Value (MEV) bots exchanges. These attacks have caused the network to face new difficulties. An attack of this kind was … Read more
Wakweli, a company that provides infrastructure services for Web 3.0, has signed a strategic collaboration agreement with Polygon, a layer-2 protocol that is based on Ethereum. Wakweli will expand its Non-Fungible Token (NFT) certification system to Polygon for the benefit of all applications based on the protocol, according to the terms of the agreement contained … Read more
The prominent decentralized finance (DeFi) system Lido has revealed that it intends to integrate non-fungible tokens (NFTs) into the process of unstaking. Yesterday, during its Node Operator Community Call #5, the DeFi protocol with the biggest total value provided a hint about its future ambitions. According to Lido (1), users will be given a tradable … Read more
As a direct consequence of the recent regulatory crackdown on Coinbase and Binance, the cryptocurrency market, dominated by Bitcoin and Ethereum prices, has lost some of its upward impetus in the short term. A Wells warning has already been delivered to Coinbase Global by the SEC in relation to the company’s staking & token listing … Read more
It would appear that the cryptocurrency market has, at last, made the conscious decision to ignore the performance of traditional markets and instead focus on developing its path. In its ongoing effort to combat inflation, the Federal Reserve stated earlier this week that it would increase interest rates by 25 basis points. Although there was … Read more
ConsenSys announced that its Web3 wallet for companies, also known as MetaMask Institutional, had introduced the first institutional staking platform on March 22. This was accomplished in conjunction with Allnodes, Kiln, and Blockdaemon. Exchange for Institutional Staking on the MetaMask Platform This new marketplace will employ ConsenSys’ native technology, also known as ConsenSys staking, … Read more
SpankChain, an Ethereum-based platform for adult entertainment, has decided (1) to shut down its cryptocurrency payment platform, SpankPay. This comes after the platform lost its payment service provider, Wyre, in February and was unable to find a replacement. SpankPay came clean in February about the fact that its previous provider had terminated their agreement to … Read more