How will SORA’s Price Perform After the Launch of Polkaswap?

In a recent investment thesis on the coin Sora (XOR), the Cointelegraph Research team explored the current state of the DeFi industry, highlighting the biggest challenges that the industry is facing right now. The two largest problems are scalability and the segregation of multiple blockchains that exist independently and cannot share information between one another. The Polkadot project tries to solve both these bottlenecks by offering cross-blockchain transfers of any type of asset. They also provide transactional scalability by spreading transactions and validation across multiple parallel blockchains. Download the full…

Football star Tom Brady to launch his own NFT platform

Six-time Super Bowl champion Tom Brady is backing a new major development in the nonfungible token industry by launching his own NFT platform. The new NFT platform, dubbed Autograph, will target some of the biggest figures in sports, entertainment, fashion and pop culture, and provide a tool for unique digital collectibles, a Brady told CNN on Tuesday. The platform is expected to launch this spring. Autograph CEO Dillon Rosenblatt said that the platform will bring together “some of the world’s most iconic names and brands with best in class digital artists”…

Cardano Fund Invests in COTI Ahead of Smart Contract Launch

Key Takeaways cFund, the Cardano ecosystem venture fund, has announced an investment in COTI. COTI builds infrastructure for facilitating “finance on the blockchain”. Cardano and COTI have partnered in the past. COTI helped launch ADA Pay in 2019. Share this article cFund, Cardano’s venture fund, is investing in COTI.  Cardano Makes VC Investment  The investment will set the path for the two projects to explore “cooperation and collaboration.” COTI builds fintech infrastructure for blockchain, allowing for the creation of native payment solutions. It focuses on bringing scalability to blockchain-based payments,…

Indian IT giant Tech Mahindra to launch stablecoin tool for banks

Indian multinational technology firm Tech Mahindra is developing a new stablecoin service targeting banks and financial institutions. The tech giant announced Monday that it has entered into an agreement with Dutch blockchain application incubator Quantoz to launch a “stablecoin-as-a-service” tool to reduce transaction costs and processing times. The new collaboration targets potential clients from the banking and financial sector as the United States’ Office of the Comptroller of the Currency officially allowed federally chartered U.S. banks to use public blockchains and stablecoins for settlements in January 2021. Rajesh Dhuddu, blockchain and…

DeFi aggregator raided by five hackers on launch day

Fledgling decentralized finance protocol ForceDAO has had a rough start, with several incursions from hackers taking place just hours after it launched. The Ethereum-based yield aggregator had only just launched its airdrop campaign on April 3 when four malicious “black-hat” hackers managed to drain a total of 183 ETH worth approximately $367,000 at the time. One friendly “white-hat” hacker alsassisted the team by alerting them to prevent further losses. The team has released a post-mortem of the attacks and taken responsibility for what it termed as an “engineering oversight.” POST-MORTEM…

Digital asset manager behind Canada’s first BTC fund hopes to launch Bitcoin ETF

Investment fund manager 3iQ has partnered with Coinshares to launch a Bitcoin exchange-traded fund in Canada.  According to an announcement from 3iQ, the firm has filed a final prospectus for a Bitcoin (BTC) exchange-traded fund, or ETF, with the securities regulatory authorities in each of the 10 provinces and 3 territories of Canada. Pending regulatory approval, trading for the ETF is expected to begin in early April on the Toronto Stock Exchange. CoinShares CEO Jean-Marie Mognetti said the joint effort was aimed at “making digital assets more accessible to investors of…

Is Theta worth the hype? Theta price volatile ahead of mainnet launch

There’s no denying the fact that Theta is one of the most discussed cryptocurrency projects on the market in 2021, so much so that the Theta token has already made its way into the top 10 list of cryptocurrencies by overall market capitalization, in what feels like almost no time at all. In its most basic sense, Theta can be thought of as a decentralized video streaming platform that has been built using a blockchain framework. The platform seeks to mitigate many of the problems being faced by the traditional…

South Korea to launch blockchain-based vaccine passports

South Korea will introduce blockchain-powered vaccine passports via a smartphone app later this month, the country’s prime minister said Thursday. South Korea is joining a number of other nations in introducing vaccine certificates that enable cross-border travel while mitigating the risk of infections. Prime Minister Chung Sye-kyun suggested there could be substantial benefits for citizens at home too: “The introduction of a vaccine passport or ‘Green Pass’ will only allow those who have been vaccinated to experience the recovery to their daily lives,” he said during a daily inter-agency pandemic…

Prometheum and Anchorage set to launch alternative cryptocurrency trading system

Anchorage Digital Bank, a pioneer of digital asset custody, and cryptocurrency trading platform Prometheum are in the final approval phase for an alternative trading system, or ATS, tailed specifically for crypto investors.  Prometheum Ember ATS, also known as PEATS, is vying to bring alternative trading system technology to digital assets. PEATS will open to traders pending final regulatory approval by the United States Securities and Exchange Commission, or SEC. PEATS is currently undergoing the SEC’s rigorous “Three-Step Process” for approving a public ATS. Once launched, Anchorage will custody all digital…

Mobile games developer Tapinator to launch ‘NFT500’ service

Tapinator, a publicly-traded mobile games publisher based in New York City, has announced plans to launch a new subscription casting service focused on nonfungible tokens, or NFTs, highlighting the growing popularity of digital art.  Launching in summer 2021, NFT500 will host a collection of blue-chip NFTs from digital and traditional artists that subscribers can “cast” from their devices at home or work. The service will also make use of the recently minted NFT500 token, which allows subscribers to benefit from the price appreciation of the art collection hosted on NFT500. Ilya…