Ethereum is quickly becoming an integral part of the enterprise blockchain ecosystem. As more companies begin to leverage public networks for business, it’s important to keep in mind that the enterprise Ethereum space is still relatively new. Therefore, a number of developments are required before organizations can fully take advantage of the Ethereum blockchain. For example, Dan Burnett, executive director of the Enterprise Ethereum Alliance — an initiative enabling organizations to adopt and use Ethereum technology in their daily business operations — told Cointelegraph that Ethereum is increasing in usage, deployment, application and more. As such, Ethereum is transforming into …

A new project calling itself the first of the fourth generation blockchains says it has solved the “blockchain trilemma” with a new approach to decentralization and an identity-based approach to security. The MetaMUI Blockchain is a “self-sovereign, identity-based meta blockchain” Seokgu (Phantom) Yun, founder and CEO of Sovereign Wallet Network (SWN) told a live ask-me-anything session held on Cointelegraph's YouTube channel. “MetaMUI Network is the permissioned public blockchain SovereignWallet Network is building with central banks, commercial banks, financial institutions, and other blockchain companies around the world.” The blockchain trilemma, posited by Ethereum creator Vitalik Buterin, is that full decentralization, scalability, …

Due to the past nonfungible token (NFT) boom, the crypto and art communities have been collaborating closely — maybe for the first time in history. In both industries, there is a lot of skepticism and misunderstanding. As we make our way out of the NFT bubble, what is expected to come next? This deep dive describes a long-term vision of the NFT and art market development that could appeal to both worlds. Stereotypically, crypto people discuss deals on Twitter and Discord, communicate through memes or abbreviations and challenge old school models with agonistic antipathy (Okay, Boomers!). In contrast, the so-called …

“If you can’t measure it, you can’t manage it” is probably the most cited quote attributed to Peter Drucker, who is known as the father of management thinking. While the quote is apocryphal, nevertheless it gained its place in the pantheon of business books because it highlights the importance of reliable metrics in making sound business decisions. In the crypto space, we are still missing one of the most important metrics: an official daily reference exchange rate. A reference rate is vital in allowing accountants to assign a particular exchange value between two or more currencies on any given date, …

Decentralized finance has become one of the fastest-growing sectors within the cryptocurrency ecosystem over the past year. At the time of writing, the total value locked in DeFi has exploded to over $100 billion. Despite impressive figures, decentralized finance is still in the beginning stages of development, which begs the question: What’s next for this disruptive financial technology? The next frontier will likely uncover new possibilities through artificial intelligence (AI) and machine learning joining with decentralized finance to create DeFi intelligence. DeFi intelligence in the wild Today, several companies are spearheading the integration of AI and machine learning with blockchain, …

Decentralized finance (DeFi) is here to stay with over $100 billion in total value locked (TVL), highlighting the evidence of faith in these new financial tools. This investment will continue to increase, but it appears that with each new record in TVL, there is another network attack being reported with astronomical losses. Crypto crime dropped 57% in 2020, but DeFi hacks surged, costing companies and investors billions of U.S. dollars. In March alone, there were several attacks within just a five-day period, with Paid Network losing $180 million. Later in May, PancakeBunny lost more than $200 million in a flash …

The world runs on consumer spending and consumer saving. It is everyday people who actually power the most important parts of the global economy and the global financial system. For consumers, this system runs through their retail bank. It is where most people save, spend and pay their taxes. This is the battleground for the coming fight: the battle for global consumer deposits. Make no mistake, this will be the fight of the century. It will change the shape of the world more fundamentally than the internet has already. The internet was about information. DeFi is about capital — and …

Decentralized finance (DeFi) has emerged in 2021 as one of the fastest-growing trends in the crypto sector and as the unique features of DeFi begin to work their way into traditional finance, executives from crypto and conventional business circles warn that regulation could be on the way if the protocols don't take steps to self-regulate. On June 23, Mike Novogratz, CEO of Galaxy Digital, warned that DeFi protocols will soon need to decide if they want to incorporate know-your-customer and anti-money-laundering procedures to gain acceptance from regulators or “pay the piper later.” Starting to think that major DEFI protocols are …

Major crypto wallet provider Blockchain.com is integrating with Unstoppable Domains to simplify sending crypto funds for its customers. Unstoppable Domains announced Thursday that it had integrated native support for Blockchain.com, enabling that latter's 32 million verified users to send funds with a username instead of a full-length crypto wallet address. The initiative aims to remove the risk of human error when sending funds, simplifying transactions between Blockchain.com users and more than 50 other wallets and exchanges supported by Unstoppable Domains, including Coinbase wallet, MyEtherWallet and others. The integration allows users to send cryptocurrencies like Bitcoin (BTC) and Ether (ETH) using …

The drop in the price of Ether (ETH) is failing to shake out the long-term holders, while the decentralized finance (DeFi) sector is also providing opportunities for investors. So suggests a new Glassnode report that noted many long-term Ether holders (>155 days) are sitting atop profits despite ETH/USD’s 55% decline from its peak level above $4,300. In comparison, the short-term Ether holders (<155 days) watched their gains evaporate and are now sitting underwater. “After almost hitting 46% of the market cap in unrealized gain, short-term holders are now holding an aggregate paper loss of -25% of the market cap,” Glassnode …

Hong Kong cyber-activists are not giving up on the freedom of speech and are backing up articles from the pro-democracy tabloid newspaper Apple Daily using blockchain technology. Following a national security probe, Apple Daily printed its last edition on Thursday. But Hong Kong activists took it from there and uploaded the publication’s articles on a distributed network, Reuters reported. Ho, a 21-year-old anonymous activist working in tech, started uploading Apple Daily articles on decentralized file storage platform ARWeave this week. Backed by investors like Andreessen Horowitz, the platform deploys a blockchain-like structure called blockweave to enable the permanent storage of …

Thibault Verbiest, chairman of the IOUR Foundation, expert at the World Bank and the EU Blockchain Observatory and Forum: “As long as our societies live in a state system, with rule of law, regulators will always look for legally responsible entities in case of illegal or reprehensible acts, even if it means prosecuting the wrong person. We have seen this attitude since the beginning of the internet when access and hosting providers were prosecuted while they were not the actual perpetrators. The United States, and then Europe, had to legislate some 20 years ago to protect these intermediaries. Today, this …