Moonhub

2023-03-04 10:47:08 Bitwise Asset Management's Chief Investment Officer, Matt Hougan, has predicted that the upcoming cryptocurrency market bull cycle will be the largest yet, with unprecedented growth over the next few years. Hougan believes that the major driving force behind this cycle will be a breakthrough in scalability technology, enabling crypto to go mainstream in a way that was previously impossible. This breakthrough will lead to reduced transaction costs on blockchains such as Ethereum, facilitating widespread adoption. The co-founder and CEO of Bitwise Asset Management, Hunter Horsley, also previously stated that he expected a cryptocurrency bull cycle to start in 2023. Meanwhile, cryptocurrency investment products continue to see positive growth, with total assets under management reaching a record high of $28.3 billion in February, according to CryptoCompare's latest report. Open / Comment

2023-03-03 23:45:13 Coinbase's Ethereum Layer 2 solution, Base, has integrated Chainlink on its testnet to offer secure off-chain price feeds for decentralized app developers. Base aims to provide developers with a secure way of integrating off-chain data sources into their decentralized applications, and by joining the Chainlink Scale program, it can offer oracle data at a reduced price. The program also allows Base to support some of Chainlink's operational expenses on its network and decrease the gas expenses of Chainlink nodes. Chainlink's oracle network provides smart contracts and applications with a secure and decentralized way to utilize off-chain data and is widely used in the industry. Open / Comment

2023-03-03 20:56:32 Uniswap Labs is attempting to launch a mobile crypto wallet for iPhone users, however, it has not yet been approved by Apple. The delay raises concerns about Apple's hardline approach to regulating crypto companies' access to iOS. As a decentralized exchange (DEX), it's unclear if Uniswap could ever meet Apple's "approved exchange" criteria, as Apple has banned crypto trading apps that don't use an "approved exchange." Uniswap's non-custodial crypto wallet app includes a swap feature that routes trades through its permissionless DEX, which may present regulatory challenges. Uniswap Labs plans to release the app to 10,000 users via the TestFlight beta platform to show Apple its service is safe. Open / Comment

2023-03-03 16:16:41 Aave is considering deploying an MVP of Aave version 3 on Polygon's upcoming zkEVM Layer 2 network, according to a proposal from its integrations lead. The proposal aims to establish Aave's presence on the new network and reduce risk by limiting asset onboarding and setting conservative risk parameters. The zkEVM is expected to support the same code as Ethereum, allowing developers to onboard apps from Ethereum and use them on the zkEVM network without significant changes. Aave has a track record of working with core teams to implement its lending protocol, including on the Polygon network in 2021. Open / Comment

2023-03-03 05:12:55 The number of long-term holders of Cardano's (ADA) cryptocurrency has reached a new all-time high, indicating growing confidence in its long-term potential. This trend could lead to a decrease in the circulating supply of ADA, potentially driving up demand and price. The development of Cardano's network, aimed at becoming a decentralized smart contract platform, is attracting attention from investors. Despite recent price dips, Cardano's fundamentals remain strong, including a dedicated team of developers and a supportive community. #Cardano #ADA #cryptocurrency #longtermhold Open / Comment

2023-03-02 21:43:59 The Sandbox, a blockchain-based metaverse company, experienced a security breach in which an unauthorized third party accessed an employee's computer and sent a phishing email loaded with malware links to several email addresses. The company has reset all related passwords and urges users to avoid clicking suspicious links and implement two-factor authentication. The breach did not affect any other services or accounts of The Sandbox. Open / Comment

2023-03-02 19:09:44 Binance's custodial arm, Ceffu, is reportedly applying for a Capital Markets Service license to provide crypto services in Singapore, a year after the exchange shut down operations there. The Singapore affiliate of Binance had to suspend operations after withdrawing its local license application due to "strategic, commercial, and developmental" issues. Although the Monetary Authority of Singapore (MAS) previously imposed regulatory pressure on Binance, Jarek Jakubcek, the head of law enforcement training at Binance, claims that the exchange now meets the regulator's requirements. Meanwhile, Binance.US faces opposition from US regulators over its proposed acquisition of Voyager Digital's assets. Open / Comment

2023-03-02 13:32:17 Crypto analytics firm Santiment reports that the top 10 non-exchange Ethereum (ETH) addresses have collectively held over 25 million ETH, breaking a seven-year record. The firm notes a decline in the number of large whale addresses holding 100,000 or more ETH, with only 124 currently holding that amount. Meanwhile, more Bitcoin and Ethereum traders sold at a loss last week than at a profit, potentially signaling the end of the bear market. Despite this, ETH remains down over 66% from its all-time high of $4,878, which it hit in November 2021. Open / Comment

2023-03-02 10:39:35 Polygon, an Ethereum sidechain, has launched a web3 identification service called Polygon ID that allows blockchain-based applications to authenticate user credentials without revealing personal information. The service uses zero-knowledge proofs, which allow data to be verified while remaining encrypted and hidden from the verifying party. Polygon ID is accompanied by a developer toolkit and has already gained support from Polygon-based crypto and NFT projects such as Kaleido, Fractal, and Collab.Land. The new service can be useful in compliance use cases, such as "Know Your Client" processes, permissioned DeFi platforms, and fiat payments. Polygon ID works alongside Polygon's wallet, and the identity toolkit technology has been integrated into Polygon zkEVM, expected to launch later this month. Open / Comment

2023-03-01 21:19:13 Chainlink has unveiled its new developer platform called Chainlink Functions. The platform is designed to help connect decentralized applications with traditional web applications seamlessly. The platform is available in beta on the Ethereum Sepolia and Polygon Mumbai testnets. The platform complements Chainlink's oracle service, which enables smart contracts and apps to use off-chain data in a secure and decentralized manner. The launch of Chainlink Functions will allow developers to connect their dApps or smart contracts with any application programming interface from within the traditional tech space without having to manage additional cloud infrastructure. Open / Comment