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Former Facebook engineers at Mysten Labs raise $36M for Web3 infrastructure

“We believe fundamental limitations in existing crypto infrastructure are frustrating broader adoption of Web 3.0,” said Mysten’s team, citing the scalability of existing chains as well as the lack of interoperability of many smart contracts. Read MoreCointelegraph.com NewsContinue readingFormer Facebook engineers at Mysten Labs raise $36M for Web3 infrastructure

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Coinbase launches open-source cryptography library Kryptology

The library will aid in building complex cryptographic techniques to match the needs of the bourgeoning DeFi sector. Read MoreCointelegraph.com NewsContinue readingCoinbase launches open-source cryptography library Kryptology

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Here’s why analysts expect ‘choppy’ Bitcoin price action between $42K and $53K

Traders expect Bitcoin price to stay in a “choppy” $42,000 to $53,000 zone until confidence returns to the market. Read MoreCointelegraph.com NewsContinue readingHere’s why analysts expect ‘choppy’ Bitcoin price action between $42K and $53K

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We are seeing ‘10x growth in terms of the number of nonprofits accepting crypto,’ says Alex Wilson of The Giving Block

The amount of crypto donations through The Giving Block surged to $100 million this year from $4 million in 2020. Read MoreCointelegraph.com NewsContinue readingWe are seeing ‘10x growth in terms of the number of nonprofits accepting crypto,’ says Alex Wilson of The Giving Block

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Grayscale finds that over 25% of US households surveyed currently own Bitcoin

The launch of a Bitcoin ETF played a pivotal role in the rise of BTC adoption. Read MoreCointelegraph.com NewsContinue readingGrayscale finds that over 25% of US households surveyed currently own Bitcoin

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Law Decoded: Bitcoin exchange-traded funds are put on the spot again, Nov. 29–Dec. 6

The Securities and Exchange Commission’s continued resistance to spot Bitcoin ETFs draws industry players’ ire. Read MoreCointelegraph.com NewsContinue readingLaw Decoded: Bitcoin exchange-traded funds are put on the spot again, Nov. 29–Dec. 6

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CME Group launches micro Ether futures as ETH hovers at $4K

Micro Ether futures joins crypto derivatives products at the exchange including micro Bitcoin futures, Bitcoin futures, options on Bitcoin futures, and Ether futures. Read MoreCointelegraph.com NewsContinue readingCME Group launches micro Ether futures as ETH hovers at $4K

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Vitalik Buterin outlines ‘endgame’ roadmap for ETH 2.0

The Eth2 launch process began in November 2020. The network’s switch to proof-of-stake is expected to make ETH a deflationary asset. Read MoreCointelegraph.com NewsContinue readingVitalik Buterin outlines ‘endgame’ roadmap for ETH 2.0

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Bank of International Settlement calls the rise of decentralized finance ‘an illusion’ in latest quarterly review

Even though the total value locked in DeFi protocols has eclipsed $246 billion, it was not enough to please the BIS. Read MoreCointelegraph.com NewsContinue readingBank of International Settlement calls the rise of decentralized finance ‘an illusion’ in latest quarterly review

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Bitcoin could ‘drive people nuts’ for months with $53K BTC price ceiling — analyst

Investors, not short-term traders, will be the likely beneficiaries of upcoming BTC price moves, popular names agree. Read MoreCointelegraph.com NewsContinue readingBitcoin could ‘drive people nuts’ for months with $53K BTC price ceiling — analyst