Polkadot announces Kusama is ‘finally ready to host parachains’

Kusama, sister chain to Polkadot’s platform, is ready for the rollout of parachains on the network. Polkadot and Kusama creator Gavin Wood today said in a blog post that Polkadot was entering the fourth and final phase of its mainnet launch, which involves deploying parachains to the Kusama network. According to Wood, the development arm behind Polkadot, Parity Technologies, had released an upgrade — Polkadot version 0.9 — for Kusama, which “is now finally ready to host parachains.” Wood said the launch of the parachains would proceed following a full…

Bank of America partnership with Paxos will allow same-day trade settlements

The second-largest bank in the United States is now reportedly using blockchain technology for settling stock trades. According to a Bloomberg report on Monday, Bank of America has joined Paxos Settlement Service, a platform capable of same-day settlement of stock trades using blockchain technology. Kevin McCarthy, head of financing and clearing, said the bank “has been conducting internal transactions for the past few months” and would offer the service to Bank of America clients upon approval as a clearing agency. The move would reportedly allow for a “more flexible and…

Coinbase (COIN) falls below $250, blockchain stocks sell off as Bitcoin dip continues

It is well known that as goes Bitcoin (BTC), so goes the rest of the cryptocurrency market, as time and again, major price moves from Bitcoin create ripples across the altcoin market, impacting sentiment and momentum. This appears to be the same for blockchain-related stocks that trade in the traditional financial markets, and a quick glance at the charts shows they have mirrored Bitcoin’s performance over the past several months.  The cryptocurrency ecosystem was all abuzz just over one month ago when the much anticipated Coinbase stock listing finally arrived on…

Coinbase Wallet adds Chrome browser extension

Digital currency exchange Coinbase has announced a new browser extension for its native wallet, enabling users to more easily connect to decentralized applications and decentralized finance directly on their desktop.  The Coinbase Wallet browser extension is now available on Google Chrome, the company announced Monday. Coinbase Wallet lead Sid Coelho-Prabhu said that more than 1 million Coinbase Wallet customers regularly connect to applications like Uniswap and Compound. The new Chrome extension will streamline this process, removing the need to scan a QR code on their mobile devices each time they…

Tether’s USDT Stablecoin Will Go Live on Avalanche

Key Takeaways Tether (USDT) has gone live on the Avalanche blockchain. This is the ninth blockchain that USDT has been launched on, following its initial launch on Bitcoin’s Omni layer. Tether is the largest stablecoin on the market with a capitalization of $59 billion, but it remains controversial. Share this article Tether’s USDT stablecoin is about to go live on the Avalanche blockchain, according to a press release from both projects. Avalanche Will Support USDT Avalanche is a blockchain with a focus on supporting decentralized applications, interoperable blockchains, and financial…

‘Cash, candy or Bitcoin’: Paying minors in 2021

A Bloomberg contributor will be paying his son Bitcoin in exchange for chores above and beyond his usual scope, but he is seemingly unable to decide on the best means of payment. In an opinion piece today, Eddie Yoon said he would pay his seventh grader 0.00055 Bitcoin (BTC) — roughly $23.50 at the time of publication — for the boy helping him with competitive pricing benchmarking for a rental property. Yoon said he gave his son Luke a choice of “cash, candy, or Bitcoin” for the work, closing the…

Polygon active users grow by 75,000 as DeFi boom continues

Polygon, a leading platform for Ethereum (ETH) scaling and infrastructure development, has attracted 75,000 new users over the past seven days, highlighting growing demand for layer-2 decentralized applications.  The data, courtesy of DappRadar, shows that the top 20 Polygon dapps were responsible for the increase. In this case, new users refer to active wallets interacting with Polygon dapps. The influx of new users brought in nearly $1 billion in volume. In the last four weeks, the number of Polygon dapps tracked by DappRadar has grown to 93 from 61. Forty-six…

Bitcoin Loses Crucial Support Never Broken During Last Bull Run

With Bitcoin price falling to the low $40,000 range, debate has picked up on if the once trending cryptocurrency’s bull run is now over. There’s no truly telling for sure, however, this time is very different than the last bull market. Why? Because Bitcoin price just lost a key level that never once saw a weekly close below during the last market cycle. Could this be it for the bullish impulse – long before predictions of $100,000 or more per coin are ever reached? Crypto Cycle Could Conclude With Key…

Buyer of Jack Dorsey’s ‘genesis tweet NFT’ reportedly detained in Iran

Iranian Cyber Police have reportedly arrested Bridge Oracle CEO Sina Estavi, according to a tweet pinned to Estavi’s Twitter account. A rough translation of the tweet reads: “The owner of this account was arrested on charges of disrupting the economic system by order of Special Court for Economic Crimes. Official judicial authorities will provide additional information.” The same tweet is also pinned to the official account of Bridge Oracle, a Tron Network-based public oracle system. At the time of writing, the price of Bridge Oracle’s native token, BRG, has taken…