Although the traditional payment system is effective in many ways, no solution ever arose to address cross-border transactions, transparency and fees lost to intermediaries, giving the world a digital currency to rally behind. Unfortunately, for the average investor to take advantage of these benefits, the process was often cumbersome, met with the complexity of navigating multiple platforms. In some cases, this may include a separate wallet and numerous trading platforms, depending on the currencies or projects a user is interested in holding, each of which may be met with their own sign-up and account creation processes. These concerns are in …

The single largest Ethereum contract containing 8,641,954 Ether (ETH) worth $33.5 billion is sitting idle because it cannot be spent or sent. A Twitter user highlighted the Beacon chain contract claiming it to be the largest Ethereum contract with billions of dollars worth of ETH “trapped” inside it. BREAKING: 8,641,954 ETH ($32 billion) trapped in single largest Ethereum contract and unable to be sent or spent. Will require hard fork that hasn't been written or specified yet. Timing and terms of hard fork still unknown.https://t.co/xcXPwbS93v — Tomer Strolight | Not interested in your trades. (@TomerStrolight) December 14, 2021 The contract …

Social media has overtaken the world as a place to share details about our personal lives, connect with distant friends and build entire communities about our interests and passions. While Facebook led the charge, YouTube followed shortly after as a medium to distribute video blogs, how-tos and other entertaining media. Unfortunately, what many fail to realize is the vast potential of money-making opportunities that exist on social media. When used correctly, social media can be lucrative, even providing some with a stable income. The difference is recognizing social media as more than a platform for connecting with people. Rather, it …

Decentralized oracle service Umbrella Network has launched a new accelerator program for projects looking to build data pipelines to the cryptocurrency market, a process that many within the industry believe is necessary to grow the emerging domains of blockchain gaming, DeFi and the Metaverse. The $15 million accelerator program intends to fund companies that are bringing new data solutions to the blockchain ecosystem, Umbrella Network announced Tuesday. Sam Kim, a partner at Umbrella Network, told Cointelegraph that his company is focused on funding projects within blockchain gaming, Metaverse, digital advertising, blockchain-based identity, sports and weather, among others. To date, projects …

The Stacks ecosystem is a collection of independent entities, developers and community members working to build a user-owned internet on the Bitcoin (BTC) blockchain. Stacks’ STX cryptocurrency was distributed to the general public through the first-ever Securities and Exchange Commission-qualified token offering in the United States. Mitchell Cuevas, head of growth for the Stacks Foundation, held an exclusive ask-me-anything, or AMA, session with Cointelegraph Markets Pro users on Dec. 2. During the session, he discussed the Stacks blockchain’s technological capabilities, future growth and major developments. Cointelegraph Markets Pro User: PoW [proof-of-work] blockchains are known to be the most secure. Does …

Terra (LUNA) faces the prospects of hitting $100 in the coming weeks as it paints a classic bull pennant structure. In detail, Bull Pennants appear as the price trends inside a Triangle pattern after a strong move upside. Many analysts see it as a sign of bullish continuation, i.e., they think the instrument would eventually break above the Triangle's upper trendline to resume its price rally higher. Additionally, the profit target of a Bull Pennant structure typically comes to be equal to the length equal to the size of the previous price rally, called Flagpole, when measured from the breakout …

Eric Schmidt, the chief executive officer of Google until 2011 who later served as executive chair at the tech company and its parent firm Alphabet, has joined oracle solutions provider Chainlink Labs as a strategic advisor. According to a Tuesday announcement, Chainlink said Schmidt would guide the firm’s scaling strategy in its use of oracle networks to trigger smart contracts. Chainlink co-founder Sergey Nazarov cited Schmidt’s experience “building global software platforms for next-generation innovation” in the firm’s decision to bring the former Google exec on board. “The launch of blockchains and smart contracts has demonstrated tremendous potential for the building …

Ethereum, the second leading cryptocurrency, has long been crypto enthusiasts’ darling in terms of the value it has been bringing to the industry. However, with time and growing interest, the coin’s network showed flaws, including huge overloads, high transaction fees and speed issues. Cointelegraph talked to Marco Chen, co-founder of Parastate and member of Rust Foundation, about why Ethereum (ETH) compatible smart contracts are the new black for blockchain developers. 1. What’s the story behind ParaState? We’ve asked ourselves numerous times before starting ParaSate, “Crypto space is a fast-changing world, but what changes might be brought in the long term …

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. A week packed with positive advancements in the DeFi space including nine-figure fund raises, successful product launches and soaring token prices was somewhat tarnished by the news of two severe security exploits. Read on to get the full scope of developments across the week. What you’re about to read is the smaller version of this newsletter designed for brevity. For the full version of DeFi’s developments over the last week, drop your email below. Borderless Capital launches $500M fund to support Algorand ecosystem Capital venture firm Borderless Capital announced the …

The rise of the Metaverse and Web 3.0 are set to disrupt multiple sectors including the billion-dollar global fashion industry. As the world moves from physical to digital, traditional fashion design can transform into virtual wearables that can be leveraged in both augmented reality (AR) and in real life. Megan Kaspar, managing director at Magnetic Capital and member of Red DAO — a fashion-focused decentralized autonomous organization — told Cointelegraph she believes that digital fashion nonfungible tokens, or NFTs, will be the largest NFT category of Web 3.0: “Digital fashion NFTs include clothing, shoes, jewelry, accessories and more that can …

Solana (SOL) held onto its intraday gains on Nov. 30 as Grayscale Investments, the largest cryptocurrency fund in the world, announced that it would add SOL to its product line. The digital asset class is growing, and we’re expanding our offerings along with it! Gain exposure to $SOL, the native token of the @Solana network, through new Grayscale #Solana Trust. Learn more: https://t.co/QiT6u0xI7h pic.twitter.com/KAxRZAriRl — Grayscale (@Grayscale) November 30, 2021 A $300 SOL ahead? SOL rallied to nearly $217.50 after rising by over 6.50% intraday. The Solana token's gains primarily came as a part of a recovery move that started …

The U.K. Law Commission, tasked with monitoring the laws in the United Kingdom and recommending reforms, has said England and Wales do not need statutory law reform for smart legal contracts in the digital asset space. In a Nov. 25 announcement, the commission said smart contracts built using distributed ledger technology are permissible within England’s and Wales’ current legal framework. The Law Commission recommended only “an incremental development of the common law” as needed for existing frameworks, but also encouraged any parties to smart contracts to explain risks relating to “the performance of the code” and any other necessary terms. …