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?
After delaying its file with the US Securities and Exchange Commission for an extended period, cryptocurrency-focused bank Silvergate Capital (NYSE: SI) has come under intense scrutiny and pressure. Because of the failure of FTX, the bank’s health has worsened more quickly, and there are rumors circulating about the possibility of the bank going bankrupt. MicroStrategy, … Read more
Danit Peleg, an avid user of web3 and a fashion designer, recently presented her debut line of 3D-printed clothing at the NFT Paris Conference. The outfit was motivated by the 3D NFT community’s Nouns. Since 2023, when Nounces went live, the Ethereum project has been holding daily auctions to distribute new NFTs. Also, the profits … Read more
The top game production platform Unity announced that they connected to Web3 on Tuesday, February 28, while they unveiled a new “decentralization” category in their online store. The Unity Asset Store will provide solutions that have been screened for quality to benefit game creators who are interested in decentralization tech and are ready to implement … Read more
Goldman Sachs, which is an investment bank, has said that there is a strong possibility that the company would hire additional workers to strengthen its digital assets division. Mathew McDermott, the worldwide head of the team, reportedly affirmed in an interview (1) that the bank continues to be “hugely supportive” of blockchain applications. Hence, even … Read more
Coinbase Global Inc., whose stock is traded on the NASDAQ under the symbol COIN, has launched several projects in an effort to accelerate the acceptance of cryptocurrencies in the United States with the launch of Crypto 435. The company, which is the most prominent cryptocurrency exchange that is publicly traded, is aware of the importance … Read more
On February 25, 2019, the liquid staking platform Lido had the greatest single-day staking inflow of almost 150,000 Ethereum (ETH) valued at an astounding $240 million. Consequently, the total value locked (TVL) on the Lido protocol had a one-day increase of 2.09%. The overall value of items locked on Lido has increased by 9% over … Read more
Cybercriminals are taking advantage of vulnerabilities in the smart contracts that govern decentralized finance (DeFi) platforms, according to a new warning that was issued by the Federal Bureau of Investigation (FBI) on Monday. The warning focused on attacks against decentralized finance (DeFi) platforms. According to the agency, which cites a report published in April 2022 … Read more
It would appear that the Ethereum [ETH] whales have reversed their previous decision to exclude Shiba Inu [SHIB] from their top holdings in the cryptocurrency market. Remember that these whales had just cashed out of a SHIB stake worth three figures in millions of dollars. As of right now, SHIB is once again a topic … Read more
According to Vitalik Buterin, Cryptographic payments are superior, and people underestimate their potential. Vitalik Buterin, one of the co-founders of Ethereum (ETH), is of the opinion that crypto payments offer advantages that are underappreciated by the general public due to the convenience and censorship-proof nature of these transactions. People continue to underrate how often cryptocurrency … Read more
Key Takeaway Gemini is a major cryptocurrency exchange with its headquarters in New York City. On Thursday, Gemini announced that it had launched a staking program called “Gemini Staking.” This program enables customers to stake their assets within their Gemini accounts and earn rewards or interest on those assets. The service makes it possible for … Read more