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?
The regulatory environment surrounding cryptocurrencies in the United States has been fraught with ambiguity for some time. On March 8, the Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, testified before the Senate Agricultural Committee that most stablecoins are commodities. Curiously, he also includes Ethereum (ETH) in this group, and he adds that … Read more
Shitcoins are similar to counterfeit coins because they do not function properly and can be a waste of money. And Vitalik Buterin, one of the founders of Ethereum, is fully aware of that fact. Because of this, he decided to liquidate the meme coins that he had been given as a gift, which was a … Read more
Web 3.0 firm nealthy, which helps people invest in cryptocurrencies and NFTs, has announced (1) the successful completion of a $1.3 million pre-seed funding round. ‘DonGeraldo,’ a crypto celebrity, and several other Web3 investors participated in the investment round. Web3 is an Ethereum-based firm that provides investors with risk profiles for their NFT and cryptocurrency … Read more
The Forkast 500 NFT, Forkast SOL NFT Composite, and Forkast ETH NFT Composite are the respective components of the three NFT indices, as stated in a recent article (1). These indexes are intended to help reestablish faith in crypto data and analytics, and they are promoted as having the potential to act as the S&P … Read more
The Sandbox announced on its official Twitter page that they are launching 2,333 Gordon Ramsay Avatars, which will be called the Hell’s Kitchen Avatar collection. The minting of these Avatars is scheduled (1) to take place later in the month of March, and lucky holders will have the opportunity to use one of the NFTs … Read more
More than $50 million was raised in the most recent investment round for the Ethereum Layer-2 network Scroll on Monday, March 6. This network makes use of a mechanism known as zk-roll-ups. Polychain Capital, Sequoia China, Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, IOSG Ventures, and Qiming Venture Partners were among the … Read more
According to a report (1), the monetary reward that is being considered for developers who create applications compatible with EVM and deploy them on the EOS blockchain would vary anywhere from $5,000 to $50,000. The reward amount will be determined by the magnitude and scope of the project. EOS is among the legacy protocols that … Read more
After the regulatory crackdown carried out by U.S. authorities, Binance Dollar (BUSD) experienced a precipitous drop in the number of active addresses. The Binance ecosystem has seen a string of declines in recent weeks, and this latest one is the latest in that trend. Regression Clearly Visible at the BUSD Active Address The total … Read more
Xapo Bank recently announced that it has begun using the Lightning Network and has entered into a relationship with Lightspark. Because of this agreement, the organization will become the first private bank to be licensed to take Lightning payments. Users of Xapo Bank now have the ability, as stated (1) in a press release, to … Read more
Mike McGlone, a senior macro analyst at Bloomberg Intelligence, explained (1) the major factor that led to a decline in the price of Bitcoin and other cryptocurrencies. McGlone mentioned the hawkish inflation-curbing stance of the US Federal Reserve as the major issue that could impose negative pressure on riskier assets like crypto assets in his … Read more