Following its mainnet launch on Ethereum in mid-December 2020, The Graph has today announced that it will be supporting Polkadot, NEAR, Solana and Celo. As reported, The Graph is a protocol that enables programmers to build Application Programming Interfaces, which it calls subgraphs, that can query and index blockchain data. Envisaged as an open alternative to existing blockchain analytics tools, it offers an infrastructure for accessing on-chain data from multiple blockchains, with the wider aim of supporting collaboration and interoperability across the decentralized web. Eva Beylin, director at The Graph Foundation, has underscored the need to work toward making Web …

Bitcoin’s (BTC) recent institutional investor-driven rally has steadily pushed its price to new all-time highs and while investors are intensely focused on BTC’s price action, a number of altcoins have also secured new multi-year highs. On. Feb. 10, the total crypto market capitalization hit a new high at $1.42 trillion less than a week after Tesla disclosed that it purchased $1.5 billion worth of BTC. Despite being the center of attention for the past few months, Bitcoin’s market dominance has actually decreased from 70.2% on Jan. 13 to its current reading at 61.5%. Historical data shows that when Bitcoin dominance …

On Feb. 10, Bitcoin (BTC) price pulled back 5% from its newly established $48,220 high and a number of altcoins also underwent slight corrections. Data from Cointelegraph Markets and TradingView shows Bitcoin has declined 4.96% since yesterday’s highs and currently trades at $44,900. The pullback to the $45,000 level could simply be the result of traders taking recent profits from Bitcoin and altcoins as the rally appeared to be losing momentum around the $48,000 level. A recent announcement from JPMorgan analysts saying that they don’t expect to see any large firms follow Tesla’s recent $1.5 billion Bitcoin purchase could have …

A new report by CoinShares suggests Bitcoin (BTC) has garnered 97% of the total crypto inflows in 2021. The recent correction in Bitcoin price does not seem to have deterred crypto investors as CoinShares data shows a record $1.3 billion in crypto product inflows over the past week. This suggests that investors are accumulating on the dips rather than attempting to chase higher prices. Another space that has taken giant strides in the past few months has been the decentralized finance sector. While bond yields across the world are reeling near-zero levels, the attractive yield farming opportunities in DeFi and …

Celo has awarded a grant to staking service provider Chorus One for building a bridge facilitating interoperability between the Cosmos and Celo networks. The proof-based bridge will allow “bidirectional communication” between Celo and Cosmos, allowing Celo’s cUSD stablecoin to operate on the Cosmos network, and Cosmos-based assets including ATOM, BAND, and KAVA to be held in the Celo Reserve. According to a Nov. 19 announcement, the partnership will lay the groundwork for building future bridges between Celo and “chains like Polkadot, Near, and Solana.” Cosmos is also working to build numerous cross-chain bridges, including with Ethereum, Polkadot and Kadena. The …

Coinbase, the largest cryptocurrency exchange in the United States, will now offer support for Celo — an announcement that led to a 32% price surge in less than two hours. According to a Sept. 3 blog post from Coinbase, the exchange now supports the utility and governance token for the Celo platform. Coinbase this week also announced that UMA would be available for trading on Coinbase Pro starting on Sept. 8. The exchange appears to be prioritizing support for tokens for projects in which it is invested. Coinbase currently holds both Celo utility tokens and UMA tokens from its 2018 …

Major U.S. cryptocurrency exchange, Coinbase Pro, has announced it will list the native token of blockchain platform Celo (CELO). Other Celo markets have responded enthusiastically, with the coin gaining roughly 55% over both USD and BTC over the past 24 hours as CELO rocketed into new all-time highs above $2.70. As of this writing, CELO is changing hands for $4.45. CELO/USDT - Bittrex - 1D: TradingView Coinbase Pro will begin accepting CELO deposits from August 31, with trading slated to commence from 9 am PT on September 1, subject to liquidity conditions. The exchange will support four pairings for Celo, …

Since launching its Alliance for Prosperity earlier this year, open payment platform Celo has quickly emerged as an apparent rival to Facebook’s Libra stablecoin project. Cointelegraph spoke to Konstantin Richter, the CEO and founder of Celo alliance member Blockdaemon, to learn about the experience of working on Celo from its beginnings and get his take on what the Celo ecosystem will look like in the near future. Blockdaemon launched in 2017, comprising a blockchain infrastructure and node provider targeting developers and enterprises. While Richter noted that the 2018 bear trend had a significant impact on many of the firm’s clients, …

Andreessen Horowitz, or a16z, expects more Libra competitors to enter the space, seeing “an opportunity for a new financial network." As the venture firm’s general partner Katie Haun told Bloomberg in an interview published Monday, a16z expects money to become largely digital in 10 years, akin to music, books and other things that have moved online. Haun clarified that platforms such as Venmo and PayPal are not a necessarily accurate example of digital money, as they rely on traditional banks’ "IOUs." Instead, she outlined a crypto-related category called “internet money,” which includes Facebook-backed stablecoin project Libra and open-source payments network …

Klaytn, the public blockchain platform developed by Ground X, an affiliate of the major South Korean internet company, Kakao, joined Celo’s Alliance for Prosperity on May 8. Celo, a distributed ledger technology, or DLT, based decentralized application and stablecoin platform and prominent rival to Facebook’s Libra project, has now attracted nearly 80 firms to its alliance — with Celo announcing more than 20 new members earlier this week. Top Korean blockchain platform joins Celo alliance According to a press release, Klaytn will research interoperability between the Klaytn and Celo platforms, and integrate support for its KLAY token on Celo’s ecosystem. …

A new report by blockchain intelligence firm Flipside Crypto indicates that trading activity for XRP slows down considerably on the weekends. The question is, why? In the report called “4 Things To Know About XRP Money Flows”, the company analyzes the flows of XRP through the ecosystem and notes that activity for XRP drops significantly on the weekend. It theorizes that this is likely due to a lack of consumer or retail interest in the asset: “The bar chart above shows a clear pattern, with significantly lower XRP activity on weekends than during business days. This is not the case …

Celo, a stablecoin payments network, has announced the addition of more than 20 new members to its "Alliance for Prosperity" ahead Celos’s mainet launch — which is currently expected for mid-May. The new alliance members have begun working to deliver mobile-friendly decentralized applications (DApps) built on top of Celo. The alliance's total membership has now tagged 75 just two months after launching. Celo alliance membership grows by 50% The new additions include payment processors, digital asset wallet providers, custody providers, blockchain advocacy groups, privacy coins, stablecoins and teams seeking to integrate blockchain technology into supply chain management systems. “We are …