Technology
DeFi
Polkadot, Kusama to launch Wormhole bridge to Ethereum, Solana
Acala and Karura protocols are set to launch integration with Wormhole to bridge between the Polkadot and Kusama ecosystems and eight different layer-1 systems, including Ethereum, Solana, and Binance Smart Chain.
Technology
How decentralized identities can save us from surveillance capitalism in Web3
As we transition into Web3 and the metaverse, how are we processing and protecting user data when using these new technologies? Are we running the risk of making the same Web2 mistakes again, and can DIDs fix the problem?
Analysis
Report: Russians do not evade sanctions using crypto says Chainalysis
What many have suspected, but was difficult to actually prove, has now been confirmed by crypto cybercrime experts Chainalysis: There is no evidence, whatsoever, that sanctioned Russian entities are using crypto to evade sanctions.
Layer-2
Layer-2 money market zkLend raises $5 million in seed round
zkLend, a money market protocol building on Ethereum layer-2 scaling solution StarkNet, has raised $5 million in funding in a seed-round led by Delphi Digital, StarkWare and Three Arrows Capital.
Trading
Bitcoin flirting with $48,000 as hodlers kept buying throughout Q1
A bullrun the past week has sent bitcoin to just under the highest levels this year. Analysis shows long-term hodlers have increased their positions by 17% since late November. These addresses accumulated BTC throughout Q1 of 2022.
CBDCs
Dems propose Treasury e-cash, a peer-to-peer electronic cash system
A bill proposed by four Democrats representatives calls for the U.S. Treasury to develop so-called e-cash, electronic cash, a digital version of the U.S. dollar. The cash would be peer-to-peer, not dependent on the internet, and not built on blockchain technology.
Adoption
Retail giant El Corte Inglés and Deloitte in cahoots to launch crypto exchange
The third largest department store in the world, Spanish company El Corte Inglés, has entered partnership with “big four” accounting firm Deloitte to launch a crypto exchange for its 11 million registered customers.
Regulation
Cato Institute slams Sen. Warren’s sanctions evasion bill: “collateral damage”
Cato Institute denounces Senator Warren’s bill to address cryptocurrencies as a tool for evading economic sanctions. The institute compares the bill as having Gucci liable for someone carrying stolen cash in their pocketbook.
Analysis
Ether sees record outflows from exchanges while Bitcoin smashes through $43,000
As bitcoin briefly traded above $43,000 and ether jumped above $3,000, both cryptocurrencies see large outflows from exchanges, with ether having the largest outflow seen in 2022.
Analysis
4 reasons why Ethereum is surging as the price climbs over $3,000
As the price of ether is back over $3000 for the first time since the beginning of March, there are positive signs that ether will continue to perform well, with some caution, in the coming weeks.
Analysis
Bitcoin holds above $41,000 over the weekend, Tether shows bullish signs
Bitcoin traded above $41,000 over the weekend after a strong gain last week. As this week begins, bitcoin seems to be holding this level. At the same time, bullish signs are coming from USDT, and ether is looking strong.
People
Popular crypto podcaster Peter McCormack quits Twitter
Peter McCormack, founder of the popular What Bitcoin Did podcast is quitting Twitter saying the social media platform is a “miserable failure”. The departure comes after one follower said “everyone’s glad” McCormack’s mother is dead.