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The popular DEX aggregator 1inch has now deployed on the Fantom network – a layer-1 smart contract platform for decentralized finance. This brings deeper market liquidity and cheaper, more efficient swaps to 1inch users. 1inch gathers data and liquidity across multiple decentralized exchanges (DEXs), throughout various blockchains, to find the best trading rates for its users. These include Ethereum, Binance Smart Chain, Polygon, Avalanche, and now Fantom – among others. The Fantom network uses a unique “directed acyclic graph” (dag)…

In recent years, digital money has expanded significantly. In addition to trading and exchanging, several companies are now taking bitcoin as a means of payment.  Digital money will soon be part of an employee savings plan at a bank operating in Texas. Could receiving Bitcoin salaries become an option in the future? Texas Bitcoin - Vantage Bank’s Innovative Decision Vantage Bank is among the first companies to allow workers to join a Bitcoin savings plan. In this context, businesses are…

Tim Beiko – a leading Ethereum development coordinator – has stated the network will not implement proof of stake by June. This contradicts Vitalik Buterin’s development timeline from January, where he claimed that it should be in place by Q2 2022. Another Delay for the Merge Delays to Ethereum 2.0 are hardly unprecedented. Developers expected the upgrade to be in place within 2 years of the project's launch in 2015. Vitalik now admits to having been dead wrong about that…

Thirteen National Football League teams are making arrangements with blockchain company Socios to boost fan engagement.  Shortly after the New England Patriots dabbled into crypto affairs, other NFL clubs took to similar pursuits. Thirteen clubs are lined up to enter a partnership deal with Socios. This includes the Los Angeles Chargers, Miami Dolphins, San Francisco 49ers, Tampa Bay Buccaneers, New York Giants, and others. In Europe, Socios has developed a reputation in sports as a fan token provider. Back in…

Rishi Sunak, Chancellor in the UK, has ordered the Royal Mint to create a government-backed NFT for trading. The Chancellor expects the NFTs by the Summer as the government examines new possibilities to use blockchain.  What does the Government wish to achieve with this new political action? And what can the impact of the news be on the NFT and blockchain market? More Information About the Project One of the hottest topics in blockchain technology right now is the use…

The Ethereum team has successfully developed a test for "The Merge" on a private mainnet, marking a significant step toward realizing Ethereum 2.0. Merge Testing on Shadow Fork Yesterday, Ethereum engineers launched a critical Merge test in preparation for the Ethereum network's upgrade to Ethereum 2.0.  Ethereum 2.0 represents the network’s consensus switch from the current Proof of Work mechanism to Proof of Stake.  According to core Ethereum developer Tim Beiko, Ethereum’s Merge Test was successfully deployed on a private…

Cult DAO, a community-driven decentralized autonomous organization, published recent data on its hyper-deflationary CULT token, gaining the necessary traction and volume to overcome an initial stage of anonymity. These math-backed revelations are scattering away any remaining doubts that CULT is a memecoin. On the contrary, it shows the token’s ambition to challenge the most powerful cryptocurrencies in the market hierarchy.  According to Etherscan data, the Cult DAO protocol burned over 1.725 billion CULT tokens in the past two weeks. More…

SolidProof – a German-based security company – will soon make its automatic smart contract auditing tool available for development teams everywhere. The product is meant to support the growing decentralized finance (Defi) space by addressing its all too common security threats. The Need for Security Defi is a popular application for blockchain technology that builds on the original monetary function that Bitcoin was designed for. Whereas Bitcoin was created as a form of trustless money, defi enables trustless financial services…

Yield farming aggregator platform Defi Yield Protocol (DYP) has announced its new NFT collection’s upcoming launch on April 13th. The collection will include prizes, features, and utilities that its creators hope will make it as big as Bored Ape Yacht Club. Cats and Watches Society The NFTs – collectively branded as the “Cats and Watches Society” (CAWS) – feature randomly generated cats with 235 different attributes. They exist on the Ethereum blockchain as ERC-721 tokens, hosted by the InterPlanetary File…