Crypto Meltdown Calls for a Decentralized Compliance Layer to Protect User In...
Over the last few weeks, the cryptocurrency market has been rocked by extreme volatility. There has been a steep decline in the price of digital assets. Such has been the meltdown in that the entire market cap has fallen under $1 trillion, which surpassed the $3 trillion mark at the peak of the bull cycle. Being a nascent market means high volatility is a common phenomenon at this stage of growth. That said, this volatility has made crypto so attractive to investors and speculators. However, volatility doesn’t always mean just a significant upside but also a remarkable downside. And....
Related News
Digital art gallery DeviantArt will provide Web3 users with an extra layer of security. The platform announced a “groundbreaking communication standard” for the nascent sector called Protect Protocol. Related Reading | 20% Of BlockFi Employees Lose Jobs Due To Crypto Market Crash Created as an open, interoperable, and decentralized communication tool, the Protect Protocol is an […]
Decentralized identities would open Web3 to a range of services requiring personal information and allow platforms to offer tailored products, according to the CEO of Quadrata. Decentralized identity (DID) and compliance services will become a “key infrastructure” to the success of decentralized finance (DeFi) and the transition of real world financial assets onto the blockchain according to Fabrice Cheng, CEO and co-founder of Quadrata.Speaking with Cointelegraph, Cheng said the key driver behind the demand for DID will come from Web3 protocols, which will utilize the DID of users to....
The two seek to improve their blockchains with each other's tech from cross-chain bridges to decentralized exchanges to oracle networks. AllianceBlock, a blockchain tech firm that seeks to bridge the gap between decentralized finance, or DeFi, and traditional finance, announced a partnership with fellow blockchain tech entity Flare.Flare claims its layer-one, or blockchain protocol improvement, technology can bring smart contracts to cryptocurrencies such as XRP (XRP), Dogecoin (DOGE), Bitcoin (BTC), Algorand, and Stellar Lumens (XLM). In addition, Flare is also a decentralized oracle....
Justin Bons, founder and chief investment officer of Cyber Capital, has sparked a polarizing debate in the crypto community with a scathing critique of the current Layer-2 (L2) solutions on Ethereum. The founder of the oldest crypto fund in Europe described networks like Arbitrum, Base and Optimism, designed to improve Ethereum’s scalability by offloading transactions […]
At VAF Compliance a team of experts is ready to help with all of your virtual assets compliance needs. Connect with VAF today; the leading virtual assets compliance company serving the Middle East and customers worldwide. What Is VAF Compliance? The crypto, NFT and metaverse spaces are hot and buzzing, with innovative products launched almost daily. Whilst having an industry swept with technological advancements is good, it is also necessary to ensure that the digital assets and the teams behind them are compliant. Being compliant in this sector means that organizations and investors can....