Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Decentralization
Aethir’s Node Sale Marks Milestone in Decentralization
[PRESS RELEASE – Singapore, Singapore, April 12th, 2024] Over 65,000 Checker Node licenses were sold, valued at over 29,000 ETH. Aethir has achieved complete decentralization by distributing the sold nodes to over 20,000 buyers. Over 100 partners joined the node sale and helped decentralize control over Aethir’s GPU cloud infrastructure. The first batch of Checker Node NFT licenses was distributed to community members on 12 April. Aethir, a leading force in GPU cloud computing, has distributed over 66,000 Checker Node…
1 year ago
Polygon CDK Powers Arcana Network’s Shift Towards Decentralization
The Arcana network will tap on the Polygon Chain Development Kit (CDK) to further enhance the decentralization of its web3 products. The Polygon CDK is used by web3 developers to launch zero-knowledge layer two networks on the Ethereum network. The Ethereum (ETH) network has established itself as a solid cornerstone for web3 development due to its secure smart contracts. The Ethereum network has grown to a vibrant layer-two ecosystem, which consists of more than 40 networks – led by Polygon…
1 year ago
Sonorus Crafting the Future of Music On-Chain with AI and Decentralization
Sonorus is leading the charge with its latest musics' artificial intelligence innovation on-chain “BeatMint AI”. This move positions Sonorus through AI, changing how music is created, shared, and enjoyed. The dawn of "The Future of Sound," aims to unlock new possibilities in music through the power of AI, offering a glimpse into a world where everyone can create and engage with music in new ways. A New Chapter AI & music AI has become the key to unlocking a world…
1 year ago
Orca Uprising Announces Official Presale Launch on December the 20th
The Orca Uprising team is proud to announce the official launch of their presale on December the 20th at 13:00 pm UTC. With its ambitious tokenomics and roadmap, this project plans to make waves in the crypto community. From staking rewards to NFTs and top-tier exchange listings, Orca Uprising will have a busy schedule for crypto enthusiasts. What the Upcoming Presale Means for Crypto Enthusiasts The Orca Uprising introduces a novel perspective in the crypto sphere. The project transforms the…
2 years ago
Jack Dorsey’s Decentralized Social Media Project Has Been Unveiled
Jack Dorsey has announced BlueSky’s long-awaited decentralized social protocol, called “Authenticated Transport Protocol.” The protocol is designed to let users regain control of their identity and data when using social apps. Decentralization Without Tokenization According to BlueSky, the AT Protocol (formerly known as “ADX”) integrates existing decentralized technologies to create a “simple,” “fast,” and “open” network. BlueSky is a non-profit launched by Twitter in 2019, without any stake held by the parent company. Jack Dorsey has previously suggested that BlueSky…
3 years ago
Ethereum PoW Supporters Want to Discontinue EIP-1559
Via a lengthy Twitter post, Ethereum fork advocates recently promised to put an end to EIP-1559. In a detailed open letter, they claimed the Ethereum Foundation had used the proposal to foster a bullish narrative that ultimately harms miners. Ethereum Abandoning Decentralization Ethereum’s forthcoming transition to proof-of-stake has seen a lot of positive attention, with several eagerly awaiting the Merge. However, there have also been opponents who believe the switch to Proof-of-Stake is a step backward. The account behind the…
3 years ago
“Governments Feel Threatened by Decentralization” – Tim Draper
In a recent interview with the Economic Times India, billionaire investor Tim Draper shared his views on the future of the crypto industry and its regulatory journey. Amongst many things, the popular investor believes a decentralized currency offers more perks for society than many fiat currencies. Draper Shares Views on Crypto and Decentralization The interview initially focused mainly on India’s startup industry. Draper revealed his thoughts on the prospects of the space amidst the current economic downturn. However, he later…
3 years ago
ENS Developer Booted For A Controversial Tweet From 2016
After a public controversy, the ENS community voted to remove Brantly Millegan as a steward over a controversial tweet. Ethereum Name Service, a DAO in charge of .eth domains, found itself in the middle of a "cancel culture" controversy. It all started with one tweet from 2016 by Brantly Millegan, a developer and a steward of the DAO. homosexual acts are evil. Transgenderism doesn’t exist. Abortion is murder. Contraception is perversion. So is masturbation and porn When the tweet surfaced,…
3 years ago
Why The World’s Most Powerful People Can’t Stand Bitcoin
Have you ever noticed the contempt politicians and bankers seem to have for Bitcoin? A recent scandal at the Federal Reserve gives us a great clue as to why. Commonplace Corruption On Capitol Hill Political corruption is no mystery to the public. Anyone can name a crooked politician that’s abused their privileged position for personal and financial gain. Take Nancy Pelosi– the Democratic Speaker of the House who bought call options of Tesla stocks last December. She purchased them ahead…
4 years ago