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0 CommentsLayer-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…
Dubai Police has teamed up with cryptocurrency trading platform BitOasis to educate investors and traders about crypto fraud. The collaboration aimed to educate investors and traders more about the sector. As Arab News reported, Ola Doudin, CEO of Crypto exchange BitOasis said: “We have been working with key policymakers to help them build regulation that…
TikTok announced it is releasing an NFT collection called TikTok Top Moments. The first one is set to be released in collaboration with Lil Nas X. According to a press release issued by TikTok, the company sees NFTs as an untapped growth vector in its ongoing efforts to help drive content monetization for creators. The…
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…
