After a devastating 50% correction between Dec. 25 and Jan. 25, Polygon (MATIC) has been struggling to sustain the $1.40 support. While some argue this top-15 coin has merely adjusted after a 16,200% gain in 2021, others point to competing scaling solutions growth. Either way, Polygon (MATIC) remains 50.8% below its all-time high at an $11 billion market capitalization. Currently, the market cap of Terra (LUNA) stands at $37 billion, Solana (SOL) is above $26 billion, and Avalanche (AVAX) is at a $19 billion market value. A positive note is that Polygon raised $450 million on Feb. 7, and the …

Centre, an open-source technology project developed by Coinbase and Circle, has onboarded crypto exchange FTX and Alkemi Network as its latest partners to collaborate on Verite. Verite is a set of shared decentralized identity protocols — developed by Centre — to empower crypto-centric individuals and businesses by granting total control of personal information. Supporting Verite’s commitment to collaborate on shared decentralized identity standards, FTX and Alkemi have added to the list of 14 crypto companies, which include Coinbase, Circle, Hedera Hashgraph, Ledger, the Solana Foundation and more. Verite launch partners include @circlepay , @blocks, @Algorand, @coinbase, @compoundfinance, @ConsenSys, Espresso Systems, …

Stocks and cryptocurrencies saw a notable bounce on March 9 even though war, rising inflation and historically high oil prices have investors uncertain about the future. Bitcoin (BTC) price surged to $42,600 in the early trading hours and several altcoins followed suit with double-digit gains. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Monero (XMR), Kyber Network (KNC) and Tornado Cash (TORN), with Zcash (ZEC) earning an honorable mention. Monero Monero is one of the longest-running privacy-focused protocols in the cryptocurrency market and the project is popular among investors looking to …

“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss which Terra-based coins you should be looking out for in 2022. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up, the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they debate which Terra-based coin has the most explosive potential. Will it be Bourgi’s pick of StarTerra, …

The COVID-19 pandemic, along with other recent events, have revealed the need for a fully digital economy, giving rise to Metaverse ecosystems, Web3 platforms and the adoption of digital currencies. For example, the Ukrainian government recently reached out to the crypto community on Twitter asking for donations in Bitcoin (BTC), Ether (ETH) and Tether (USDT). Nonfungible tokens, or NFTs, have also gained mainstream adoption as artists and creators across the globe have discovered new forms of monetization with these models. While innovative, these use cases also demonstrate the notion that blockchain-based concepts that emerged early on often take years to …

After two years and many COVID-19 restrictions finally subsiding, the world is welcoming the return of in-person theater, movies, comedy, music and sports. This has left some wondering what will happen to the legions of digital creatives who occupied and entertained us while normal life was at a standstill — and to the multibillion-dollar economy they inhabit. Will the world forget the platforms and artists they discovered during the pandemic now the doors of festivals, fashion shows and concerts are open to them again? Is the creator economy, which recent estimates suggest will exceed $100 billion this year, strong enough …

U.S.-based NFT marketplace OpenSea has reportedly begun barring Iranian users from its platform, sparking outrage from NFT collectors and raising fresh debate about decentralization in the crypto space. On Thursday morning, Iranian OpenSea users started posting on Twitter that their accounts were being deactivated or deleted with no prior warning. Iranian NFT artist “Bornosor” vented frustrations to their 4,700 followers, in a tweet that quickly gained traction, garnering 342 retweets and over a thousand likes within a few hours. Bornosor stated, “NOT A gm AT ALL. Woke up to my @opensea trading account being deactivated/deleted without notice or any explanation.” …

Anchor Protocol (ANC), a DeFi platform built on Terra blockchain protocol, rebounded nearly 300% in over a month after bottoming out near $1.26. ANC price went as high as $4.97 on the Bitfinex cryptocurrency exchange on March 3, 2022, breaking above the previous record peak near $4.50 established on Dec. 3 last year. In doing so, the Anchor Protocol also erased all the losses it had incurred during what some called "crypto winter" that started in Q4/2021 — against the prospects of the Federal Reserve's aggressive rate hikes. ANC is the governance token of the Anchor Protocol's decentralized money market …

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. Jack Dorsey, Twitter’s ex-CEO and Bitcoin (BTC) aficionado, is not a big fan of Web3 — or at least of what its grand vision is shaping up to be. Users won’t own the next iteration of the internet, he asserts again and again. Instead, venture capital funds pumping millions into blockchain and Web3 projects will be the ones to hold the reins. But, will they, …

On Tuesday, decentralized exchange, or DEX, Uniswap launched an interface that directly converts ERC-20 tokens, such as Aave, Chainlink (LINK), and Decentraland, to Ether (ETH). These coins are then sent to the official crypto wallet addresses of the Ukrainian government, all in a single transaction. In explaining the rollout, Uniswap claimed that the address shared by the Ukrainian government is located on a centralized exchange and only accepts ETH and Tether (USDT). Thus, the feature simplifies the donation process for anyone holding ERC-20 tokens on Uniswap's list and who wishes to donate by connecting their wallet to the DEX. 2/ …

How is the decentralized bandwidth vision becoming a reality? Users will be able to tokenize their bandwidth and sell it in a decentralized trading marketplace to help provide low-cost access to the internet. PKT is the only layer-1 blockchain that is designed to support bandwidth trading marketplaces and high-speed internet service. PKT uses the world’s first bandwidth-hard proof-of-work (PoW) mining solution to create an economic incentive while building a high-speed data network. Forked from Bitcoin (BTC), PKT replaces the SHA-256 PoW standard with the collaborative PacketCrypt mining protocol. Within the PKT Network, users with unused bandwidth earn PKT Cash (PKT) …

It's been a wild ride for Neo (dubbed "Ethereum of China") investors in the past few years, especially as China began to incrementally introduce harsher crypto regulations. But despite the odds, the community appears to be resilient, with a dedicated society of developers worldwide and a bourgeoning decentralized finance, or DeFi, hub that came into prominence via the launch of Neo N3 mainnet last year. As told by Neo investors Lucas and Jiří, who spoke to Cointelegraph, they were not expecting such a "huge drop in price" for Neo. Still, they nevertheless decided to hold their Neo tokens through all …