TLDR The Bank of Canada (BoC) cut its benchmark interest rate by 25 basis points to 4.75%, becoming the first G7 nation to ease monetary policy. The BoC’s decision suggests that other central banks might soon follow suit in relaxing their fight against inflation. After the news broke, Bitcoin’s price rose 1.5% to $71,600, its…
TLDR Coinbase launches a smart wallet that offers a more user-friendly experience, eliminating the need for recovery phrases and separate wallet app installs The smart wallet allows for gasless transactions through paymaster integrations, where developers can sponsor user transactions Users can create a wallet using Face ID, Google Chrome profile, fingerprint, or Yubikey, and can…
TLDR Ethereum ecosystem’s active users have increased ninefold since 2020, with over 2.25 million daily active users in Q1 2024 VanEck analysts predict ETH could hit $22,000 by 2030, driven by growing demand and scaling solutions Ethereum’s user numbers are part of its roadmap, with co-founder Vitalik Buterin focusing on using layer-2 networks to scale…
Tezos, a blockchain known for its onchain governance system, has activated its 16th protocol upgrade, Paris, on mainnet on June 4th, 2024. This upgrade introduces the Data Availability Layer (DAL), which boosts Layer 2 throughput and unlocks new use cases in gaming, ticketing, and services requiring high-speed transactions. The upgrade also reduces block times to…
TLDR McDonald’s Singapore launched the ‘My Happy Place’ metaverse in collaboration with Bandwagon Labs Users can build virtual burgers, play multiplayer games, and earn rewards in the metaverse The project will run from June 6 to July 7, and its success will determine future deployments Web3 technologies are used to enhance security, functionality, and use…
Transak is a developer integration toolkit that simplifies the process of onboarding users into the world of decentralized applications (dApps). By enabling seamless fiat-to-crypto conversions directly within dApps, Transak eliminates the technical barriers and complexities associated with traditional onboarding processes. Transak empowers dApp developers to create frictionless user experiences by handling the intricacies of KYC…
As blockchain technology evolves, the need for seamless interoperability and efficient data access has become more crucial than ever. Enter Synternet, a groundbreaking blockchain that is set to revolutionize the way we interact with and utilize data across multiple chains. Just as the Internet connected isolated computers in the late 20th century, Synternet aims to…
Crypto investors are often looking for the next big win. However, choosing the most promising coins can be a challenge. Techopedia has taken on this task and identified the best crypto projects for a 100x increase in value. Learn how to find the best 100x cryptos. What are 100x Cryptos? 100x cryptos are when a…
The Cardano Foundation has announced an interesting new public partnership in Argentina. The collaboration, which follows a public signing between Rogelio Frigerio, the Governor of Entre RÃos, and Rafael Fraga, the LATAM Lead for Business Development at the Cardano Foundation, is with the state of Entre RÃos, a central province of Argentina. The partnership aims…
Despite its price surge, ONDO’s forecast remains cautious due to a 19.20% dip in trading volume and unfavorable metrics. Meanwhile, after a significant downturn post-2021, AAVE’s price has shown recovery since September, recently outperforming Lido with a sharp rise last month. In contrast, BlockDAG’s recently released Keynote 2 has captivated the crypto world, amassing $41.9…