It's been a wild ride for Neo (dubbed "Ethereum of China") investors in the past few years, especially as China began to incrementally introduce harsher crypto regulations. But despite the odds, the community appears to be resilient, with a dedicated society of developers worldwide and a bourgeoning decentralized finance, or DeFi, hub that came into prominence via the launch of Neo N3 mainnet last year. As told by Neo investors Lucas and Jiří, who spoke to Cointelegraph, they were not expecting such a "huge drop in price" for Neo. Still, they nevertheless decided to hold their Neo tokens through all …

As the field of viable layer-one blockchain protocols continues to expand with newer entrants trying to solve the issue of high transaction costs and slow processing times, older projects find themselves utilizing their history and track record to set themselves apart and secure a market share that will ensure their survival through the next market cycle. Neo (NEO) fits the bill described above and the project is attempting to stage a revival in 2022 as governments around the world slowly open to the fact that blockchains and digital currencies have certain benefits that can be integrated into public and private …

Once hailed as the "Ethereum of China," Neo's token price has fallen on hard times ever since the world's most populous nation introduced a series of acute bans on cryptocurrency operations last year. In an exclusive interview with Cointelegraph, Neo's developers — who wished to remain anonymous — explained that partners run most projects sponsored by Neo Global Development, or NGD, from a wide range of countries outside China that serve users all over the world. In addition, Neo continues to expand inside China. It is currently one of seven open permission blockchains servicing the nation's Blockchain-based Service Network, or …

Nonfungible tokens and blockchain-based gaming projects saw a breakout in popularity over the course of 2021. This was due to their widespread appeal which attracted the attention of crypto newbies and experienced hodlers alike. This trend helped to further initiate the mass adoption of blockchain technology and from the look of things, its likely to extend throughout 2022. One project is making moves in 2022 is Phantasma (SOUL), a layer-one blockchain protocol that specializes in the creation of SmartNFTs and decentralized gaming applications. Its prices reflect that it's about to make a run for a new all-time high. Data from …

It took just four minutes for a relatively unknown cryptocurrency to rise by over 5,600% as of Nov. 5, according to data from CoinMarketCap. Dubbed Phoenix Global (PHB), the token soared from $0.02057 to as high as $1.1413 Friday, with its volume surprisingly dropping from $3.79 million to around $777,680 in the same period. Nonetheless, at the core of the massive PHB pump was a token migration and a technical glitch. Fake PHB pump? In detail, Phoenix Global announced September that it would shift its enterprise decentralized application solutions from the Neo blockchain to Binance Smart Chain (BSC). In doing …

A cross-chain aggregation protocol allows crypto enthusiasts to access liquidity sources from multiple networks on one platform — making it easier than ever to find the best prices. O3 Swap says its goal is to help users discover the most efficient routes for their trades, and complete transactions without limitations and hidden fees. Just some of the liquidity sources it supports include Uniswap, SushiSwap and Curve on the Ethereum blockchain; PancakeSwap, DODO and BakerySwap on Binance Smart Chain; as well as Flamingo, Nash and Switcheo on Neo. All of this ensures that multi-chain assets can be freely exchanged, and different …

The cryptocurrency market provides investors with another day of 'altseason' as the majority of altcoins in the top 100 on CoinMarketCap rallied today. Several large-cap tokens reached multi-year highs and this all took place as Bitcoin (BTC) price struggles to hold any of the news-event-driven gains that it has accrued throughout the week. One of the most notable performances has been put on by Ethereum Classic (ETC), the “unaltered” Ethereum (ETH) fork that has been gaining traction over the past week as its dedication to a proof-of-work consensus mechanism attracts the attention of miners and retail 'Robinhood' investors. Data from …

Yield farming has grown in popularity over the past year alongside the rise of decentralized finance, but recently the ability to earn a good return has been limited by the high transaction costs on the Ethereum (ETH) network. As a result, yield farmers have begun exploring options outside the Ethereum network for more accessible opportunities in a low fee environment. One option that has shown steady growth in liquidity since launching is Flamingo Finance (FLM), a DeFi platform based on the Neo (NEO) blockchain and the Poly Network interoperability protocol. Flamingo aims to become a full-service DeFi platform and the …

The Purpose Bitcoin (BTC) exchange-traded fund debuted on the Toronto Stock Exchange on Feb. 18 and has quickly ramped up trading volumes of about $400 million worth of shares in two days. This is quite impressive, considering that the equity market in Canada is only a fraction of the size of the U.S. markets. This shows strong demand for Bitcoin and investor's preference to take the ETF route to establish fresh positions. Last week, Bitcoin reached another important milestone when it hit the critical $1 trillion market capitalization on Feb. 19, making it the sixth asset on the list of …

Decentralized finance is rapidly becoming a cornerstone of the cryptocurrency sector but the ecosystem has become increasingly centralized on the Ethereum network and this is causing the entire sector to be plagued by high gas fees and slow transaction confirmations. This explosive rise in gas fees is leading users to look for other options and one alternative is Flamingo finance. The protocol is built on Neo and designed with a focus on governance and interoperability. Interoperability has also emerged as a prominent issue in the crypto sector as separate blockchains and isolated DeFi platforms need a way to communicate with …

In the past month, Bitcoin (BTC) and Ether (ETH) basked in the limelight as each rallied to new yearly highs. Investors tend to focus their energy on the larger cap altcoins, which leads to smaller cap coins that reside outside of the top-10 being ignored. For example, Zilliqa (ZIL) has rallied 69% in the last 30-days. Despite this impressive performance, the altcoin has significantly underperformed Ether in the past six months. The project was founded in 2017 by National University of Singapore researchers who w looking to bring scalability to smart contracts. Currently, ZIL is ranked 49 on CoinMarketCap, ahead …

In an open letter today to Neo community members, the Neo Foundation reflected on the past four years of activity and teased their plans for the future: Neo3, the third iteration of their smart contract-enabled blockchain, which will sport file storage and D-ID (Digital or Decentralized Identity) features. Neo, the 22nd largest cryptocurrency by marketcap, has enjoyed a strong year, having successfully launched a cross-chain interoperability product in collaboration with Ontology and Switcheo. Additionally the self-styled “smart economy” platform’s foray into the summer DeFi craze was similarly successful -- the joint Binance and Neo effort Flamingo Finance peaked at over …