Crypto
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Underrated cryptocurrencies you can get on June 22: TITAN, WAVES and XCN
TitanSwap (TITAN), Waves (WAVES), and Chain (XCN) are some of the best tokens to get on June 22. In the last 24 hours, TITAN increased by 6%, WAVES by 15%, and XCN by 7%. All of these tokens have a bright future and could increase in value further. When it comes to underrated cryptocurrencies that you can get on June 22, 2022, TitanSwap (TITAN), Waves (WAVES), and Chain (XCN) are some of your best options. On June 17, 2022, TitanSwap announced that the TITAN cryptocurrency became supported by Coinbase Assets. The Waves contract became live on Kraken Futures as well, providing another way through which people can get exposure to this cryptocurrency. Then on June 20, 2022, Chain announced the launch of the XCN Bridge, which is powered by Wormhole. Users can access the permissionles...
Twitter board recommends shareholders vote for Elon Musk’s takeover
The Twitter board has unanimously recommended that shareholders vote in favor of Elon Musk’s takeover of the social media giant. Twitter’s board of directors initially accepted the $44 billion takeover bid at $54.20 per share in late April, and shareholder approval is the final hurdle to the deal going through bar any potentially erratic antics from Musk. According to a June 21 U.S. Securities and Exchange Commission (SEC) filing, Twitter’s board of directors unanimously determined that the “merger agreement is advisable” and have called on shareholders to vote in favor of the deal. The board stated that Twitter will be hosting a virtual meeting — at an unspecified date — to vote on the merger which has a deadline of Oct. 24. If the merger goes through, shareholders will receive $54.20 in ...
Blockchain isn’t as decentralized as you think: Defense agency report
Distributed ledger technology (DLT) and blockchains including Bitcoin and Ethereum may be more vulnerable to centralization risks than initially thought, according to Trail of Bits. The security firm on Tuesday released its report titled “Are Blockchains Decentralized?”, which was commissioned by the U.S. Government’s Defense Advanced Research Projects Agency (DARPA). The report aims to investigate whether blockchains including Bitcoin and Ethereum are truly decentralized, though the report appeared to focus largely on Bitcoin. Among its key findings, the security firm found that outdated Bitcoin nodes, unencrypted blockchain mining pools and a majority of unencrypted Bitcoin network traffic traversing over only a limited number of ISPs could leave room for various actors to garner e...
USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B
USD Coin is taking a run at the title of the top stablecoin in crypto after its daily ‘real volume’ on the Ethereum network doubled that of Tether’s USDT on Tuesday. According to crypto market data tool Messari, Circle’s USDC posted $1.1 billion in daily real volume on the Ethereum network on June 21, which was double USDT’s real volume of $579 million. Messari’s real volume metric is calculated by compiling data only from exchanges that it believes have “significant and legitimate crypto trading volumes” and thus differs to the more-commonly seen “total volume” metric. Exchanges included in Messari’s Real Volume metric include Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken, Poloniex, and those tracked on OnChainFX. 24 hr R...
Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers
Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme. The pair reportedly persuaded their thousands of followers to invest in a portfolio of cryptos, presenting a misleading mix of conspiratorial and genuine content along with claims about institutions backing the tokens to generate hype and raise the price of the portfolio. The allegations are included in an investigation by Logically, a group of data scientists and developers. It reported the two influencers running the Telegram channels “WhipLash347” and the “Quantum Stellar Initiative” (QSI) coordinated to promote lists of Stellar (XLM) altcoins which have been marked as fraudulent by the Stellar network. WhipLash347 is a Tel...
Why cross-chain interoperability matters for DeFi
The modern DEX is designed to take advantage of the benefits of both CEX and DEXs by leveraging innovative technologies to enable more efficient transactions. Since limitations are presented for both the modern CEX and DEX, many propose that for widespread asset adoption, a non-custodial platform that supports assets across many networks is needed. In theory, this experience would enable users to control their funds at all times without giving up the flexibility of a promising user experience. Polkadex has proposed this next exchange iteration as a decentralized peer-to-peer order book-based cryptocurrency exchange. The project aims to become the trading engine of Web3 by combining the advantages of CEXs and DEXs while eliminating the disadvantages of both. To achieve this, Polkadex has ta...
Colombia’s new president seems to be a fan of Bitcoin
Gustavo Petro, who recently won the 2022 Colombian presidential election, has previously made statements in favor of cryptocurrencies. Petro will replace Iván Duque Márquez as the president of Colombia on August 7 for four years after winning the second round of a run-off election on Sunday. The president-elect took to social media in December 2017 shortly after a major bull run to speak on the “strength” of Bitcoin (BTC). Petro hinted at the time that cryptocurrencies like BTC could remove power from government and traditional banks and give it back to the people. El bitcoin quita poder de emision a los estados y el señoreaje de la moneda a los bancos. Es una moneda comunitaria que se basa en la confianza de quienes realizan transacciones con ella, al tener como base el blockchain, la con...
Avalanche (AVAX) price drops 45% in a month and data points to further downside
Avalanche (AVAX) is down 45% in 30 days and in the same time the cryptocurrencies’ total market capitalization shrank by 29%. Despite the recent downturn, this decentralized application (DApp) platform remains a top contender in the layer1 and layer2 race and it ranks high in terms of smart contract deposits and active addresses. Yet, the lackluster token price is still causing investors to rethink whether the network remains a “serious” competitor. AVAX token/USD at FTX. Source: TradingView The brutal sell-off on risk assets caused AVAX to test the $14.80 support multiple times, while the current market capitalization stands at $4.8 billion. It’s important to also note that the network’s total value locked (TVL) holds an impressive $3.2 billion. As a comparison, Solana (SOL) o...
Uniswap acquires NFT marketplace aggregator Genie to further ‘universal ownership’ goals
Decentralized exchange Uniswap announced the acquisition of the NFT marketplace aggregator Genie on June 21st. Uniswap said this move is part of its mission to unlock universal ownership and exchange on its platform. Uniswap is now integrating NFTs into its product line beginning with the Uniswap web app and later integrations are said to include developer APIs and widgets. This isn’t the first time Uniswap has worked with NFTs. In the spring of 2019 it launched Unisocks which offered NFT liquidity pools backed by real-world assets. Uniswap said in the announcement, “We’re excited to bring what we’ve learned building DeFi products to NFTs.” In August Uniswap said it planned to airdrop USDC to historical Genie users in an effort to share the value of this acquisition and integration. Uniswa...
Minima to create innovative mobility solutions via MobilityXlab
Minima, a decentralised blockchain protocol, was selected as one of 11 global startups to create innovative mobility solutions through MobilityXlab with industry leaders in mobile and auto communication, the platform announced on June 15. MobilityXlab works with Ericsson, Volvo, CEVT Among MobilityXlab’s world-leading partners are Polestar, Veoneer, CEVT, Ericsson, Volvo Cars, and Zenseact. Their representatives take part in the entire process, from new applicant screening to managing partnership programs. At least two industry partners must select a startup for it to be invited into the program. This improves the outcomes for Proof-Of-Concept (PoC) and validation projects and reinforces knowledge sharing. Benefiting from L1 security Minima will show the benef...
Proof-of-stake (PoS) tokens to get into early for an eco-friendly future
ADA, SOL, DOT, TRX, AVAX, ALGO, and ATOM are all solid Proof-of-Stake (PoS) tokens that you can get. All of these tokens have seen an increase in value throughout the last 24 hours. Each of them represents an eco-friendly ecosystem of decentralized applications (dApps) and use-cases. Cardano (ADA), Solana (SOL), Polkadot (DOT), TRON (TRX), Avalanche (AVAX), Algorand (ALGO), and Cosmos Hub (ATOM) are some of the best Proof-of-Stake (PoS) tokens that you can get in June, and we are going to go over each token individually to see why. Should you buy Cardano (ADA)? On June 21, 2022, Cardano (ADA) had a value of $0.5037. In terms of last month’s performance, Cardano (ADA) had its highest point on May 5 at $0.8969 and lowest on May 12 at $0.407, which marked a decrease of $0.4899 or 54%.&n...
Blockchain investments are disrupting the real estate industry: Report
The Cointelegraph Research Terminal, the leading provider of premium databases and institutional-grade research on blockchain and digital assets, has added a new report to its expanding library from the industry leader in tokenization. The report, from Security Token Market and sister company Security Token Advisors, covers the rapidly emerging asset-backed real estate tokenization industry. It has information on the developing shifts in the industry and is a must for any firm or business with a portfolio that encompasses real estate. The tokenized real estate industry is growing rapidly amid the current market frenzy. With investors looking for a more secure investment that utilizes emerging technology, the demand for blockchain-based investment opportunities backed by real-world as...
