Fear and volatility remain the theme of the week as Bitcoin (BTC) continues to face stiff resistance near the $42,000 price level and stock markets were also hard hit on Jan. 18. Investor fear over this year's proposed rate hikes continue to apply bearish pressure and at the closing bell the DOW was down 530 points, or 1.4%. Despite the downturn, altcoins managed to overcome the noise and several posted double-digit gains on Tuesday. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Elsastos (ELA), API3 (API3) and Prometheus (PROM). Elastos launches …

The Graph Foundation has announced a $48 million funding grant to open-source API platform, The Guild in a bid to advance usability and performance of the networks subgraphs. Joining as a core network developer, The Guild will provide vast experience from its time managing and contributing the growth of components within the GraphQL ecosystem — a programming language initially established by Meta, formerly Facebook, in 2012 — to focus on enhancing subgraphs features such as "composition, analytics and mutations" on The Graph. The Graph, a Web3 indexing and querying infrastructure platform, has invested $248 million into their core developer network …

The Graph Foundation has announced a $60 million eight-year funding grant to Semiotic AI in a bid to expand the start-up software firm's research and development capacity in sectors of cryptography and artificial intelligence. Specifically, the partnership will focus on building the architecture required for automated and verifiable indexing and querying on the Graph, in addition to developing micropayments functionalities utilizing zero-knowledge proofs such as ZK-SNARKs. Over the course of 2021, Semiotic AI have worked alongside the Graph to contribute to the growth of the ecosystem with a litany of initiatives, such as the construction of a beta query prediction …

Crypto data provider CoinMarketCap continues expanding its reach by integrating its crypto price data into Presearch, a major decentralized search engine. CoinMarketCap has partnered with Presearch to provide its data feeds to the search engine, allowing users to see CoinMarketCap price data directly on Presearch, according to a Tuesday announcement shared with Cointelegraph. With the partnership, Presearch’s 2.4 million registered users will instantly see a CoinMarketCap-provided overview for any crypto-related term on the engine, including prices, daily volumes, a market capitalization, circulating supply and total supply. “The function will roll out immediately tomorrow and will be available wherever users use …

The network onboarding a large number of decentralized applications aims to hit one million users through 0x’s decentralized exchange liquidity aggregator API. In an announcement today, Polygon and 0x Labs said they would be committing $10.5 million via the 0xDAO towards securing decentralized finance infrastructure on the network through the support of developers and projects. The project said it anticipated “an influx of new DeFi projects onboarding into the 0x ecosystem” with initial support offered for Matchaxyz, Dexguru, Dexkit, MyCrypto, Set Protocol, Zapper.fi and Zerion. Last month, 0x released a Polygon version API for its decentralized exchange liquidity aggregator, opening …

0x has released a Polygon version API for its decentralized exchange (DEX) liquidity aggregator, opening up the 0x API tool to the expanding Polygon market. The DEX liquidity bridge service announced the move via a release issued on Monday, marking another milestone for the burgeoning decentralized finance (DeFi) scene on Polygon. According to the announcement, the 0x API on Polygon features major Ethereum-based DEX liquidity channels like SushiSwap, Dfyn and Curve, as well as Dodo, mStable, QuickSwap and Cometh. Detailing the ease of using the 0x API on Polygon, the announcement reads: “Developers are able to access the open source …

The financial industry has seen a rise in demand for exposure to digital — and crypto — assets in all asset classes. This has led to interest, demand and investment from institutional finance, ranging from digital asset custody to digital asset trading desks, regulatory and compliance frameworks, and audit and risk models. It is fair to say that digital assets have taken the financial services industry by storm. While the attention and investment from traditional finance in decentralized finance (DeFi) is hailed as a progressive step, there are enormous challenges and hurdles that financial services and institutions need to consider …

Nonfungible tokens (NFTs) have been the talk of the town over the past few months, but as the start of the second quarter gets underway for the global financial markets, it possible that traders may start looking for opportunities in other parts of the crypto market. Oracle projects are one sub-sector that has been making moves over the past few weeks as some traders shift their focus away from NFTs. As shown above, Band Protocol (BAND), API3 and DIA are three oracle projects that have entered sharp rallies over the past week. BAND/USDT Band Protocol is a cross-chain data oracle …

A social crypto trading platform connects professional traders with new investors — creating a win-win situation. Learning about cryptocurrencies can be a steep learning curve, and according to Tycoon, mastering the art of trading well is also difficult and time consuming. The platform aims to improve accessibility into this flourishing space through the use of API technology — meaning that a trader who is starting out can connect to a more experienced professional and copy their moves in real time. Tycoon says this approach can help newcomers accelerate their educational journey, all while potentially making the process much more rewarding …

Visa has teamed up with a neobank to pilot a crypto program that will allow underbanked individuals to purchase, custody, and trade digital assets. In an announcement today, customers at First Boulevard, a neobank “built for Black America,” will soon be able use Visa’s application programming interfaces, or APIs, to access the benefits of trading and custodying crypto. Visa said the partnership was part of its efforts to give people using financial institutions without the infrastructure for digital assets the means to tap into crypto and blockchain. “With this pilot program, we want to extend the value of Visa to …

Circle, the company behind the second most popular stablecoin USD Coin, has rolled out a new API that will allow for the seamless transfer of USDC to USD via automated clearinghouse (ACH) systems. The first exchange to adopt the new API will be derivatives and futures specialist FTX, looking to speed up USD settlement processes on behalf of their customers. In a blog entry, project manager Gee Chuang described how Circle’s ACH API improves connections between the fiat world and the digital world by introducing interoperability among payment rails, such as card, wire and blockchain transfers. Using the API, USD …

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