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0 CommentsA growing list of mainstream financial entities has continued to increase their exposure to crypto over the last year or so, writes Shiraz Jagati on Cointelegraph. The old adage “The crypto market is not for the faint-hearted” was put on full display recently when the total market capitalization of the industry dipped to a relative…
Surging sales and hefty prices on NFTs show no sign of abating. The Q3 figure was up from $1.3 billion in Q2 and $1.2 billion in Q1. The increase was powered by a record-breaking August that saw over $5.2 billion in trades. Reuters reported sales volumes of non-fungible tokens (NFTs) surged to $10.7 billion in…
Layer-two protocols have seen 330% growth this year in terms of active addresses. One such protocol, Polygon, has briefly surpassed Ethereum, the network for which it is a scaling solution. Many of these new users may be engaged due to the upcoming mobile gaming app Arc8. Polygon, a layer 2 aggregator, has encountered an immense…
It seems that the adoption of cryptocurrencies in Latin America is moving full steam ahead. Following El Salvador, Cuba has in one fell swoop legalized bitcoin as a means of payment. A few other countries are either getting ready to follow suit, like Panama, or are already de facto using crypto, like Venezuela. Recently, Cuba…
Chainanalysis has attempted to measure the adoption of decentralized finance worldwide and issued the Global DeFi Adoption Index, where compiled statistics show an 880% increase in the usage of DeFi. However, crypto is not so close to becoming mainstream as some developed markets become reluctant on the crypto market. Instead of using the usual metrics…
Exclusive interview for Gulf Crypto Insight Manta is a set of easy-to-use and secure open-source and verifiable protocols based on the Substrate framework. It uses zk-SNARK to provide complete end-to-end anonymity, high bandwidth, and strong inter-network compatibility (supports Polkadot’s main cryptocurrencies and stablecoins on the parachain). Manta includes a decentralized privacy payment protocol and a…
