Accel DeFi aims to redefine Web3 and accelerate DeFi to its new heights

Accel DeFi aims to redefine Web3 and accelerate DeFi to its new heights By Edlyn Cardoza Today Accel Accel DeFi Binance Smart Chain By modernising billing, payments, product development, chart monitoring, trading and much more, Accel DeFi intends to bring Web3 and decentralised finance to higher levels. Accel DeFi (ACCEL), the latest venture founded in late 2021 when 3 different projects joined forces to create a single multi-utility token (ACCEL), is going to redefine decentralised finance. With a market cap of over $6 million, ACCEL is currently live on Ethereum…

Russian tech and political executives denounce crypto ban proposal

Russia’s recent ban on crypto has drawn criticism from a number of big names, including Alexei Navalny’s chief of staff Leonid Volkov, and Telegram founder Pavel Durov. On Jan. 20, Russia’s Central Bank published a report proposing a blanket ban on domestic crypto trading and mining. The report stated that the risks of crypto are “much higher for emerging markets, including Russia.” However, it appears that this proposed ban isn’t universally accepted in the former Soviet Union. A Jan. 22 post by the Telegram founder, Pavel Durov stated that the proposed…

What Is Web3 All About? An Easy Explanation With Examples

First, there was web1 – aka the internet we all know and love. Then there was web2 – the user-generated web, heralded by the arrival of social media. Now, wherever we look, people are talking about web3 (or sometimes, web 3.0) – the supposed next big evolutionary leap forward of the internet. But what is it, exactly? What is Web3 All About? An Easy Explanation With Examples Adobe Stock Well, opinions on this differ somewhat. Web3 is currently a work-in-progress and isn’t exactly defined yet. However, the main principle is…

Crypto YouTubers fall victim to hacking and scamming attempt

Hackers attacked a number of popular crypto YouTuber accounts at some point during the afternoon of Jan. 23. The accounts posted unauthorized videos with text directing viewers to send money to the hacker’s wallet. Accounts who appear to have been targeted by the attack include: ‘BitBoy Crypto’, ‘Altcoin Buzz’, ‘Box Mining’, ‘Floyd Mayweather’, ‘Ivan on Tech’, and ‘The Moon’ among others. BREAKING: Dozens of Crypto YouTubers have had their accounts hijacked by hackers promoting a fake crypto giveaway scam. Hacked accounts include:@IvanOnTech@boxmining@aantonop@themooncarl@Bitboy_Crypto@mmcrypto@Altcoinbuzzio@FloydMayweather@crypto_banter@CoinMarketCap pic.twitter.com/ykXkZUh9cO — Mr. Whale (@CryptoWhale) January 23, 2022…

Bitcoin Turns Bearish, Bears In Control Below $40K

Bitcoin started a strong decline below the $40,000 support against the US Dollar. BTC might recover, but upsides might be limited above $38,000. Bitcoin started a major decline below the $40,000 and $38,000 support levels. The price is now trading below $38,000 and the 100 hourly simple moving average. There is a key bearish trend line with resistance near $36,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if there is a break below the $34,000 support. Bitcoin Price…

This Web 3 startup has built a developer-friendly stack for secure, privacy-focused apps

In recent times, blockchain has emerged as the core technology powering a wide range of Decentralised Apps (DApps) in cryptocurrency, Decentralised Finance (DeFi), NFTs, etc. DApps require robust ways for storing data and managing user identity, access and key management in a privacy-focused manner. Providing a comprehensive stack to help DApp developers address such requirements and build secure, privacy-preserving apps is Arcana Network, a Bengaluru-based blockchain startup founded in 2019 by Mayur Relekar, Aravindh Kumar, and Abhishek Chaudhary. “To achieve what you could do with Arcana, you’d have to put…

First Mover Asia: Bitcoin, Ether Regain Ground Sunday After Early Weekend Battering

Good morning. Here’s what’s happening: Market moves: Bitcoin was trading at over $36,000 on Sunday after continuing its recent decline earlier in the weekend. Technician’s take: BTC is stabilizing on intraday charts, although $30,000 is a more significant level to watch given the decline in long-term momentum. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $36,202 +3.4% Ether (ETH): $2,532 +5.4% Top gainers Asset Ticker Returns Sector Cosmos ATOM +3.4% Smart Contract Platform ` Top losers Asset Ticker Returns…

Bitcoin Heads for Worst Week in 8 Months as Traders Lament 'Pikachu Pattern'

Bitcoin appeared to stabilize on Sunday after an unusually harsh sell-off, but the largest cryptocurrency was still on track for its worst weekly performance in eight months. As of press time, bitcoin (BTC) was changing hands just below $35,000, up 1.6% over the past 24 hours. More than $1.5 billion of bitcoin trading positions were liquidated over the past three days due to margin calls, according to the data site Coinglass. The bitcoin price is down 19% in the past seven days – the cryptocurrency’s worst weekly performance since May…

Blockchain metaverse ecosystems gain traction as brands create digital experiences

Billion-dollar companies are taking the Metaverse by storm as consumers have shown heightened interest in virtual, interactive, three-dimensional experiences that take place online.  While the “Metaverse” is still a new concept, research firm Strategy Analytics found that the global Metaverse market is forecasted to hit nearly $42 billion by 2026. This very well may be the case, as a handful of businesses including Nike and Walmart have begun exploring consumer experiences in metaverse environments. NFT utility for brands launching in the Metaverse To understand how and why brands are leveraging…