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Capture investment opportunities created by megatrends

Uniswap’s weekly trade volumes reach record high of $10B

Uniswap’s decentralized exchange set a new weekly volume record on Tuesday, with cumulative transactions exceeding $10 billion amid the ongoing DeFi boom.  CEO Hayden Adams tweeted the milestone on Tuesday, with an accompanying chart showing a 25.7% weekly increase in volumes. If Uniswap managed to maintain its current pace, it would process over $500 billion…
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20 April 2021 0

Andreessen Horowitz leads $28M Aleo raise

Aleo, a privacy-focused blockchain, has secured $28 million in investments to bring its zero-knowledge applications to a wider market. California-based venture capital firm Andreessen Horowitz led the private investment round. Notable contributions also came from Coinbase Ventures, Galaxy Digital, Variant Fund, Polychain Capital and the Joseph Lubin-led Ethereal Ventures, among others. Described as the “first…
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20 April 2021 0

Bad omen? US dollar and Bitcoin are both slumping in a rare trend

The price of Bitcoin (BTC) was struggling to stay above $56,000 on April 20, which whale clusters pinpointed as a crucial short-term price level. Yet, the U.S. dollar index (DXY) has continued to fall in recent weeks, dropping to its lowest point in seven weeks to 90.85. Bitcoin (blue) vs. DXY (orange) Source: TradingView Why…
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20 April 2021 0

Eftpos reveals plans to power Australian smart cities with blockchain tech

Australia’s leading point-of-sale technology provider Eftpos Australia has revealed ambitious plans to roll out blockchain-powered autonomous vehicles and smart cities in Australia built using Hedera’s Hashgraph. Speaking on Tuesday as part of the Australian Blockchain Week, Robert Allen, deputy chair of Blockchain Australia and Eftpos’ entrepreneur in residence, discussed the firm’s intention to use distributed…
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20 April 2021 0

Former currency comptroller to become CEO of Binance US crypto exchange

Brian Brooks, the former acting comptroller of the currency of the United States Office of the Comptroller of the Currency, is set to become the new CEO of major cryptocurrency exchange Binance US. According to a Tuesday announcement, Brooks will replace current Binance US CEO Catherine Coley effective May 1, 2021.  Formerly the head of…
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20 April 2021 0

Gaming giant Ubisoft to become corporate baker on Tezos network

Ubisoft, the video game studio behind popular titles such as Assassin’s Creed, Prince of Persia and the Tom Clancy series, will become a corporate Tezos baker, or validator node. In a statement issued on Tuesday, Ubisoft announced its partnership with Tezos-backed Nomadic Labs that will see the latter creating a validator node on the Tezos…
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20 April 2021 0

Facebook-backed Diem Association reportedly to launch stablecoin pilot in 2021

Facebook-backed digital currency project Diem could yet launch its first stablecoin in 2021 as a small-scale pilot, according to an anonymous source.  Cited in a CNBC report published on April 20, the source claimed that the Switzerland-based nonprofit The Diem Association is still intending to launch its pilot for a United States dollar-backed stablecoin later…
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20 April 2021 0

UAE employs blockchain tech for remote litigation services

The government of the United Arab Emirates will employ blockchain technology for use in its judicial notarization and authentication services, it announced on April 19, according to the Emirates News Agency. The adoption of blockchain tech is expected to cut down on the time, effort and expenditure spent by the UAE’s Ministry of Justice in…
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20 April 2021 0

Bitfarms estimates Argentinian facility will reduce BTC mining costs by 45%

Canadian Bitcoin mining firm Bitfarms has updated its plans for expansion in South America, revealing it has secured an eight-year contract to draw up to 210 megawatts, or MW, of electricity for $0.022 per kilowatt-hour, or kWh. According to an April 19 announcement, Bitfarms has made significant progress in solidifying the terms for its Argentinian…
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20 April 2021 0

Cardano and Polkadot extend staked capitalization dominance

The stakes have been upped for Cardano and Polkadot, with the two networks continuing to dominate the staked capitalization rankings. According to data from StakingRewards, Cardano is currently the top blockchain in terms of staked value, with roughly $26.4 billion worth of ADA allocated to securing the network. With Cardano’s entire capitalization tagging $36.6 billion,…
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20 April 2021 0