Moonriver, Moonbeam’s companion network, has successfully secured a slot in the second round of Kusama parachain slot auctions. The Moonbeam team shared an official announcement via Twitter, revealing that more than 5,000 contributors had locked over 200,000 Kusama coins (KSM) to support Moonriver’s bid for a slot in the recently concluded parachain auctions, held between June 15th and July 20th. […]

The President and Chief Executive Officer of the Minneapolis Federal Reserve says there is no use case for Bitcoin and other cryptoassets.  Speaking at the Pacific NorthWest Economic Region (PNWER) annual summit held in Montana last Tuesday (August 17), Neel Kashkari said that he was less optimistic about Bitcoin compared to five or six years ago. Rather than sparking financial […]

Matthew Roszak, a veteran cryptocurrency investor and co-founder of decentralized finance (DeFi) platform Vesper, has revealed he believes the DeFi industry could hit $800 billion next year as its exponential growth trend continues. Speaking to Business Insider, Roszak said he believes a “perfect storm” is underway for the industry, as mainstream cryptocurrency adoption is growing while investors throughout the world […]

After an abysmal July, the world of DeFi is once again picking up speed – with Cardano ahead of the pack. As the price of Cardano soars to new heights, its widespread community is looking for projects that will accelerate the seismic reorientation of the DeFi industry away from Ethereum. KICK.IO, a non-custodial fundraising launchpad on the Cardano Network, promises […]

A popular cryptocurrency analyst has predicted the price of Cardano (ADA) could see a massive rally over the next few months, if the prices of the top two cryptocurrencies bitcoin and ether hit new milestones. In a tweet published to his over 350,000 followers, pseudonymous trader and analyst Kaleo wrote that if BTC and ETH hit both $100,000 and $10,000, […]

Polygon plans to introduce a Decentralized Autonomous Organization (DAO) for ether’s DeFi ecosystem. According to an announcement, incorporating a DAO mechanism should add 100 million more users into the network. Moreover, a $100 million fund may help bring the blockchain’s DAO concept to light.  Improving DeFi’s Adoption Levels A DAO describes an ecosystem whereby users enforce governance actions without oversight from […]

Blockchain technology is reaching a crucial stage in its development. The theory has been vetted, and people are slowly becoming aware of the benefits of a decentralized economy. DLT is a competitive space, and with awareness about the technology slowly spreading to more and more people, the number of blockchain-based projects has been steadily rising. Decentralized finance (DeFi) has matured […]

The CEO of cryptocurrency media firm Gokhshtein Media, David Gokhshtein, has revealed a number of bullish cryptocurrency price predictions, notably saying he sees Dogecoin hitting $1 in the future, and Ethereum getting to $14,000. According to a report published by Business Insider, Gokhshtein noted he sees the price of the meme-inspired cryptocurrency DOGE hit $1 as he believes it is […]