Stratis to help guide UK policy as ‘APPG Blockchain’ member

Big Ben

The Stratis blockchain has joined the UK’s ‘all party parliamentary group on blockchain’ (APPG Blockchain) to contribute knowledge and help guide UK blockchain policy.

APPG Blockchain already includes major organisations like the IOTA Foundation, Capita, SAP, and the British Standards Institute (BSI).

Now, alongside Stratis, they will collaborate on developing innovative blockchain use cases as well as providing policy recommendations to guide the UK’s approach...

Ether overvalued by 125%, according to JP Morgan strategist

Ether Logo

Ether, Ethereum’s native token, should be valued somewhere around £1,000, according to JP Morgan market strategist, Nikolaos Panigirtzoglou.

Compared to Ether’s price on Tuesday morning, this marks an 125% overvaluation of the crypto world’s second largest currency.

In correspondence with Insider, Panigirtzoglou said that the Ethereum network is less attractive than the current price of Ether suggests, especially as it faces increased competition from networks...

Avalanche rakes in £167m of funding led by Polychain

Avalanche

Avalanche, a proof-of-stake and smart-contract enabled cryptocurrency, has received £167 million in funding through a private sale led by Polychain and Three Arrows Capital.

R/Crypto Fund, Dragonfly and CMS Holdings also invested substantially by buying up the company’s native AVAX token.

Avalanche is an ultra-fast and eco-friendly blockchain protocol with a growing ecosystem of decentralised finance (DeFi) products.

Avalanche has experienced monumental...

OpenSea overtakes Uniswap in Ethereum usage

NFT marketplace OpenSea is currently outshining Ethereum’s largest decentralised exchange, Uniswap, in terms of transaction fees.

Since 2020, Uniswap has typically commanded the most in daily transaction fees, a key barometer for actual usage of the world’s second-largest blockchain.

However, the emergence of NFTs earlier in 2021 began to threaten Uniswap’s top spot, with the marketplace platform now firmly ahead in Ethereum usage.

As of August 10,...

Chainalysis support extended to six DeFi-focused tokens

Analysis Software

Blockchain analysis firm Chainalysis, which was recently valued at £3.6 billion, has added advanced investigation and compliance support for six widely-used ERC-20 tokens.

Of these tokens, five belong specifically to decentralised finance (DeFi) protocols, while the remaining ‘renBTC’ is designed to allow for the permissionless transfer of Bitcoin to and from Ethereum for use in DeFi applications.

Collectively during Q2 2021, the six tokens had a combined trading...