Altcoins sell off while exchange listings boost COTI and Conflux Network

[ad_1] Bears pressed harder on the market on Aug. 26 after Bitcoin (BTC) continued its pullback to an intra-day low at $46,250 and altcoins nursed near double-digit losses.While most of the market is seeing red, a few altcoins managed to notch notable gains due to exchange listings and new staking opportunities.Top seven coins with the highest 24-hour price change. Source: Cointelegraph Markets ProData from Cointelegraph Markets Pro and TradingView shows

Chainlink (LINK) looks for momentum while pro traders target $40

[ad_1] Chainlink is the leading oracle provider, and the project has onboarded over 281 crypto projects in 2021. Some of these include heavyweights, like Huobi's ECO Chain, the Hedera Governing Council and Alchemix. Launched in October 2020, Chainlink's verifiable randomness function, or VRF, has also gained notoriety among decentralized applications (DApps). VRF provides an automated source of randomness to ensure that prizes and rewards are issued in a verifiably fair fashion.For

3LAU introduces blockchain music platform Royal with $16M raise

[ad_1] Electronic dance music producer and DJ Justin Blau, better known by his stage name 3LAU, has officially announced the launch of a blockchain-based music investment platform Royal.The announcement comes in conjunction with the platform raising $16 million in a seed funding round led by crypto-focused investment firm Paradigm and Peter Thiel’s Founders Fund, Forbes reported on Aug. 26.Founded by 3LAU and his college friend JD Ross, Royal is a

Capturing lost intellectual property revenues with blockchain

[ad_1] The transition to a more digitalized society based on an information economy has created intense pressure for companies to rethink their intellectual property (IP) management. Intangible assets can represent more than 80% of the value in a firm’s balance sheet, and intellectual property in the United States is now worth over $6 trillion in gross domestic product, according to the U.S. Department of Commerce.Well-managed and leveraged IP can provide

Ethereum 2.0’s staking contract becomes largest ETH holder

[ad_1] Recently, the Ethereum network reached a new staking milestone. On Aug. 17, the Ethereum 2.0 staking contract became the single largest holder of Ether (ETH), surpassing Wrapped Ether (WETH). According to data from Etherscan, the Eth2 deposit contract now holds over 7.14 million Ether tokens, valued at $23 billion at the time of writing.This accounts for nearly 6.1% of all Ether tokens in circulation, which means that the staking

Forget Lambos, NFTs are the new crypto status symbol

[ad_1] Not so many years ago, Lamborghinis were the main “flex” for crypto “moon-boys” as token prices reached astronomic valuations. Several high-profile cryptocurrency proponents made it a habit of arriving at conferences behind the wheels of exotic supercars and “when Lambo” was a popular refrain in the industry.These days, nonfungible tokens (NFT) are arguably the main topic of conversation in the crypto space, and ownership of expensive PNGs to be

Will Polkadot save decentralized finance from Ethereum’s scaling problems?

[ad_1] Web 3.0, interoperability and layer zero are all terms tossed around when describing Polkadot. But what do they mean, and how will they impact the internet and cryptocurrency market? Cointelegraph Research’s new report explores how Polkadot is tackling distributed ledger scalability and centralization of the web simultaneously. For starters, imagine a world where Facebook is replaced by a decentralized social media application built on Polkadot. This is what projects like

Grayscale Bitcoin Trust FUD is now over as the last GBTC unlock totals just 58 BTC

[ad_1] Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) completed its share unlockings this week, ending a major talking point both inside and outside crypto.Data from monitoring resource Bybt confirms that as of Thursday, no more unlockings are scheduled.Bitcoin shrugs off another FUD narrativeUnlocking events at GBTC have continued throughout 2021 and, at one point, formed the focal point for bearish BTC price predictions.With the equivalent of tens of

VeChain launches blockchain platform to encourage carbon data reporting

[ad_1] Supply chain management platform VeChain has announced a new service for combining businesses to overhaul their carbon footprint data management practices.The new service, detailed in a Medium post on Thursday, combines decentralized ledger technology with a software-as-a-service (SaaS) business model.The Digital Carbon Footprint SaaS Service “allows enterprise users to log key data and integrate it with world-leading third party assurance providers within VeChain’s partnership network. This data can then

Microsoft wins US patent for ‘ledger-independent token service’

[ad_1] American tech giant Microsoft has won a blockchain-related patent for techniques for implementing a cross-chain token management system.The United States Patent and Trademark Office (USPTO) granted the patent to Microsoft’s subsidiary, Microsoft Technology Licensing, on Tuesday.Filed in February 2019, the patent describes a “ledger-independent token service,” or a software service enabling individuals and organizations to create and manage tokens across multiple distributed ledger networks and platforms. Examples of such platforms in