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?
As a result of the recent market rise for digital currencies as a whole, the value of the native XRP token that Ripple issues have recently reached $20 billion. AS of writing this article, t the value of XRP decreased by 1.24% over the past twenty-four hours, while the values of Bitcoin (BTC) increased by … Read more
PLBY Group has disclosed that during the previous year, the price of the Ethereum (ETH) assets it possessed decreased by approximately $4.9 million. The parent business of Hugh Hefner’s Playboy has confirmed that the impairment loss was caused by the crypto winter that stormed thru the sector and adversely impacted market values across the board. … Read more
A short while ago, the Filecoin Virtual Machine (FVM) became operational (1) on the mainnet. As a result, the blockchain underlying the payment system can now handle additional functionalities. Smart contracts and the ability for users to program through the Filecoin Virtual Machine are examples of these features. The launch of the FVM on the … Read more
Bybit, based in Singapore, along with Oracle Red Bull Racing (RBR), a team that competes in Formula One, have announced the debut of their collaborative e-sports program, called Bybit Performance Accelerator. The program aims to improve the overall performance of high-level e-athletes who participate in international tournaments. What exactly is the Bybit Performance Accelerator? … Read more
Hacking is one of the most pervasive threats to the growth and acceptance of cryptocurrency. Over the years, the sector has incurred (1) substantial losses through many vulnerabilities in crypto blockchain systems & related platforms. While there are many varieties of cyberattacks, zero-day flaws have risen to prominence as a preferred method of attack. The … Read more
The relationship between the Commodity Futures Trading Commission (CFTC) and industry professionals appears to be in stark contradiction with other US authorities, such as the SEC, which has portrayed itself in a manner that is quite unfriendly toward cryptocurrencies. In a recent announcement, the Commodities Futures Trading Commission (CFTC) named Carole House, an ex-official in … Read more
Ripple CEO Brad Garlinghouse addressed his company’s exposure to the failed Silicon Valley Bank (SVB) in a Twitter thread on March 12 that was directed to his 700,000 followers. In the thread, he emphasized (1) that Ripple remains financially stable despite the risk. The executive pointed out that although Ripple has exposure to SVB as … Read more
As a result of the Federal Reserve and the Federal Deposit Insurance Corporation assuring depositors that they could withdraw their money from Silicon Valley Bank, investors in cryptocurrencies have gained some confidence. The overall cryptocurrency market staged a resounding return early on Monday, March 13, and surged back above the $1 trillion milestone. The … Read more
The whale account has completely liquidated all of its Moonbirds NFTs, resulting in losses of up to 32% of their value on its investments. An Ethereum whale account managed to unload a staggering 500 non-fungible tokens belonging to the Moonbirds collection over the course of the previous weekend. The results, on the other hand, suggest … Read more
During her testimony before the Senate Agricultural Committee on March 8, Senator Gillibrand disclosed the next draft outline. The Commodities Futures Trading Commission (CFTC) oversight was the topic of conversation at the hosted event. During her speech (1), the American politician brought up an earlier version of the crypto law that she and Senator Lummis … Read more