Polkadot

Polkadot is a protocol that enables cross-blockchain transfers of any type of data or asset. 

By uniting multiple blockchains, Polkadot aims to achieve high degrees of security and scalability. 

DOT serves as the protocol’s governance token and can be used for staking to secure the network or to connect (“bond”) new chains.

Hackers used an exploit to mint 1.28 billion aUSD tokens, prompting the stablecoin to lose its peg to the U.S. dollar.

Acala Exploit Causes Polkadot-Based DeFi Platform's Stablecoin to Drop 99%

2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later.

Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value

Acala Network, the decentralized finance hub of Polkadot, was breached and its stablecoin depegged from the dollar. The post Polkadot-based stablecoin aUSD depegs after Acala Network breach appeared first on The Block.

Polkadot-based stablecoin aUSD depegs after Acala Network breach

The price of Polkadot (DOT) is trading in the uptrend zone as it breaks above the moving average lines. The cryptocurrency has regained bullish momentum as it resumes its uptrend.

Polkadot Breaks the Initial Resistance but Fails to Sustain Above $10 High

Solana

Last week, millions of dollars were hacked from Solana's (CRYPTO: SOL) ecosystem. While its blockchain wasn't hacked directly, hackers were able to drain funds from Solana wallets.

Following Solana Wallet Hacks, Polkadot Ambassador And Hiro CTO Call For Action To Keep DeFi Safe

Bitcoin

A widely followed crypto analyst says Bitcoin (BTC) is continuing onward and upward, revisiting an old resistance level. Pseudonymous crypto trader Rekt Capital tells their 326,400 Twitter followers that the king crypto has held the 200-week moving average (MA) for three weeks.

Rekt Capital Analyzes Bitcoin, Polkadot and Oasis Network After BTC Blasts Above $24,000

Interlay introduces a decentralized and trustless wrapped bitcoin bridge for DeFi users on Polkadot who are wary of third-party custodians and merchants.

Polkadot Now Has a Decentralized Version of 'Wrapped' Bitcoin

Image credit: Ferrum Network There seems to be a trope in the blockchain space that a single blockchain network is needed and it must reign supreme. This blockchain maximalism is detrimental to the entirety of the blockchain ecosystem, which is why projects like Polkadot are all about ending it.

Ferrum Network Joins Bet Against Blockchain Maximalism: Looks to Secure Parachain with "We Bought DOT" Initiative

Flow was in the green to start the week, as the token climbed to its highest point since May. The surge has seen prices rise by as much as 15% on Monday, as recent gains were extended. Polkadot was also higher, as it too cemented multi-month highs.

Biggest Movers: FLOW Moves to Highest Point Since May, DOT Fast Approaching $10 Level

Polkadot (DOT) is trading above the moving average lines and continues its uptrend. On July 31, DOT uptrend was halted at the $9.20 high as buyers failed to break above resistance.

Polkadot Retraces as It Revisits the $9.20 Overhead Resistance

The partnership will help fulfill the scaling need of dApps on Astar, a parachain that operates a smart contract platform on Polkadot. The post Alchemy expands its infrastructure into Polkadot ecosystem via deal with Astar appeared first on The Block.

Alchemy expands its infrastructure into Polkadot ecosystem via deal with Astar

The Astar network's dApp staking feature will encourage developers to build on the chain to earn rewards in its native token.

Alchemy Integrates Astar Network to Support Web3 Developers in Polkadot Ecosystem

Astar Network is now the first project within the Polkadot ecosystem to let developers build apps using Alchemy Supernode crypto API.

Polkadot Parachain Astar Turns to Alchemy's Crypto API in New Tie-Up

Polkadot dropped for a second straight session on Tuesday, as the token failed to break out of a key resistance level. This move saw the cryptocurrency fall by nearly 10%, as the global market cap was mainly in the red. Cronos, however, managed to rally despite this, hitting an almost seven-week high in the process.

Biggest Movers: DOT Drops Below $8.45 Resistance Level, as CRO Rises to Multi-Week High 

Avalanche

Ethereum

Curve DAO Token

Top crypto analyst Michaël van de Poppe says that leading smart contract platform Ethereum (ETH), two rivals and one additional altcoin appear poised to ignite breakout rallies. In a new strategy session, Van de Poppe tells his 166,000 YouTube subscribers that Ethereum is currently testing the strength of its immediate resistance at around $1,700.

Ethereum, Avalanche, Polkadot and Curve Are Gearing Up for Breakouts, According to Analyst Michaël van de Poppe

Filecoin was one of Saturday's biggest gainers, as prices rose by as much 24% to start the weekend. The move saw the token reach its highest point since early June, and comes despite cryptos being mostly in the red in today's session. DOT was also higher, as it too hit a multi-week high.

Biggest Movers: FIL up 25%, as DOT Surges to 6-Week High on Saturday

The price of Polkadot (DOT) has risen above the $6.65 support and recovered to the $8.25 high.

Polkadot Fights Over $8 as Seller Put Up Stiff Resistance

Algorand

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding Lending protocols have become key aggregators of liquidity across L1s as on-chain yields remain significantly lower than their prior highs in late 2021 Aave continues its dominance in the Avalanche ecosystem, while a pair of lending protocols with “liquid governance” derivatives compete for superiority on Algorand. In the Polkadot ecosystem, liquid-staking derivatives are emerging as one of the most popular ways to attract capital

Layer by Layer Issue 41: Avalanche, Algorand, and Polkadot

Cardano

Crypto analytics firm Santiment is highlighting the continued growth of decentralized blockchain platform Cardano (ADA) as it outpaces several key competitors.

Cardano Leading Bitcoin, Ethereum, Polkadot and Two Altcoins in One Metric: Analytics Firm Santiment

Cosmos

Moonbeam has integrated with Axelar and Osmosis to enable the transfer of tokens between the Polkadot and Cosmos ecosystems. The post Moonbeam now lets you swap tokens between Polkadot and Cosmos appeared first on The Block.

Moonbeam now lets you swap tokens between Polkadot and Cosmos

On July 16, Polkadot (DOT) broke through and retested the 21-day SMA line before resuming the uptrend. This is the first time since April 11 that the bulls broke the 21-day line SMA.

Polkadot Recovers From Downtrend but Faces Rejection Twice at $8 High

Enjin's Polkadot-based Efinity platform will power NFT collectibles and more for the smash role-playing video game franchise.

Final Fantasy NFTs Coming to Polkadot in Square Enix, Enjin Alliance

The narrative around Ethereum has shifted, ETH is on a tear, and competing coins appear to be benefiting as well. Will it last?

Solana, Avalanche and Other 'Ethereum Killers' Are Riding the Merge Pump

The fund was also engaged as a “consultant\" for Moonbeam-based glimmer and Moonriver-based river tokens, court documents show.

Three Arrows Owes Polkadot Developer Moonbeam Foundation Over $27M, Court Documents Show

July 16, 2022 – Paris, France Coming off a strong media and community presence during AmsterDot in April and Polkadot Decoded in June, another conference and workshop event that's concentrated on the Polkadot community and ecosystem has been announced. ParisDot.comm is a two-and-a-half-day-long event taking place in the beautiful Arab World Institute.

News for Polkadot Crypto (DOT)