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Daily Blockchain News And Updates

  • Creating centralised products defeats the purpose of using blockchain, says MyEtherWallet’s CEO

    MyEtherWallet’s CEO believes that blockchain technology should be used to buid decentralised products. The CEO added that MyEtherWallet remains a decentralised wallet because that is the best way to use blockchain technology. He added that MyEtherWallet doesn’t have plans to do an airdrop yet. Decentralisation is how blockchain should be used Kosala Hemachandra, CEO of The post Creating centralised products defeats the purpose of using blockchain, says MyEtherWallet’s CEO appeared first on CoinJournal.

  • 73% less Bitcoin millionaires than a year ago, as crypto losses top $2 trillion in torrid 2022

    Key Takeaways Cryptocurrency industry was valued close to $3 trillion entering 2022, now it is $800 billion  There are 73% less Bitcoin millionaires after 2022 Bitcoin has pulled back 75% from its all-time high fo close to $69,000 25% of the bitcoin supply was in a loss entering the year, now it is over 50% The post 73% less Bitcoin millionaires than a year ago, as crypto losses top $2 trillion in torrid 2022 appeared first on CoinJournal.

  • The TON Foundation launches file-storage solution

    TON Storage is a new file sharing and data storage platform on the TON blockchain. An incentivised node ecosystem means users can file and store data for perpetuity. Users will utilise smart contracts to pay nodes using Toncoin, the native token on the TON blockchain. The TON Foundation, the group behind the development of The The post The TON Foundation launches file-storage solution appeared first on CoinJournal.

  • MEXC unveils $20M ecosystem fund to support Sei Network

    MEXC Venture’s $20 million ecosystem fund targets support for key projects on Layer 1 blockchain Sei Network. Sei Network secured $5 million in August from investors such as Coinbase Ventures and Multicoin Capital. The platform plans to support 20 dApps as its mainnet launch approaches. MEXC, a leading Singapore-based cryptocurrency trading platform, has unveiled a The post MEXC unveils $20M ecosystem fund to support Sei Network appeared first on CoinJournal.

  • Over $8 trillion was transferred via the Bitcoin blockchain in 2022

    CoinMetrics data shows the Bitcoin blockchain registered over $8 trillion worth of transfers in 2022. According to the data, the total amount transferred via the blockchain fell off in the second half of the year. Bitcoin also saw an increase in blockchain size and hashrate, with 16% and 56% annual growth rates respectively. Bitcoin continues The post Over $8 trillion was transferred via the Bitcoin blockchain in 2022 appeared first on CoinJournal.

  • Is Solana dead? Top projects flee the blockchain

    Key Takeaways Solana has shed 95% of its value, falling from $54.5 billion to $4.4 billion Its association with Sam Bankman-Fried has caused further bearish price action Top projects have fled the blockchain this year, with concern over long-term future of Solana   For cryptocurrency investors, the year 2022 was one to forget.  But even The post Is Solana dead? Top projects flee the blockchain appeared first on CoinJournal.

  • We hope that blockchain games will transition to a new stage of growth in 2023, says Square Enix

    Square Enix has reaffirmed its commitment to blockchain games. The company believes blockchain games will transition to a new stage of growth in 2023. Square Enix is the developer behind the Final Fantasy and Dragon Quest franchises. Square Enix has faith in blockchain games Square Enix President Yosuke Matsuda, revealed in the company’s annual new year’s The post We hope that blockchain games will transition to a new stage of growth in 2023, says Square Enix appeared first on CoinJournal.

  • Dapps’ daily unique active wallets increased 50% in 2022

    The decentralised application (Dapp) industry saw a 50% growth in unique active wallets in 2022. DappRadar’s 2022 report shows that DeFi, gambling and blockchain games dapps were the most popular. However, DeFi protocols unique active wallets grew only 2% even as total value locked (TVL) by 73%. 2022 has been one of the most brutal The post Dapps’ daily unique active wallets increased 50% in 2022 appeared first on CoinJournal.

  • Most of the Bitcoin supply is now loss-making

    Key Takeaways Bitcoin was the best performing asset class between 2011 and 2021, but the year 2022 has brought nothing but pain After rising 14X from its pandemic low in March 2020 to its all-time high in November 2021 of $68,739, Bitcoin has struggled amid risk-off environment Pullback has been so severe that majority of The post Most of the Bitcoin supply is now loss-making appeared first on CoinJournal.

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