Another first for Polkadot as Kusama council approves first parachain slot auction

The Kusama council has passed Motion 310 confirming the start of the first slot auction on the Kusama network. According to details shared on the Polkadot governance platform Polkassembly, 13 out of the 19 “seats” on the Kusama council voted in favor of commencing the slot auction process. Source: Polkassembly As previously reported by Cointelegraph, […]

Polkadot price soars 37% after Coinbase Pro DOT listing, first parachain auction

Polkadot (DOT) witnessed massive upside moves in the previous daily sessions as traders assessed the cryptocurrency’s entry into the United States-based digital assets trading platform, Coinbase Pro, and the upcoming auctioning of parachain slots atop Polkadot network’s testbed version, Kusama, this Tuesday. The DOT/USD exchange rate reached $26.44 during the Monday session, following a roughly […]

Kraken launches Kusama Parachain Auction platform as KSM defies downtrend

U.S. cryptocurrency exchange Kraken has announced a “first-of-its-kind” Parachain Auction Platform enabling clients to participate directly from the exchange. In a blog post on June 8, Kraken revealed the new platform will enable users that qualify to pledge support for Kusama projects vying for a Parachain slot by staking Kusama’s KSM tokens. The rewards for […]

Polkadot creator Gavin Wood proposes June 15 for first Kusama parachain auction

Polkadot and Kusama creator Gavin Wood has published a tentative schedule for the much-anticipated Kusama parachain slot auctions.  According to a blog post posted on Tuesday, the first parachain auction slot will open on June 15 at 12:00 pm Central European Summer Time. The tentative schedule, subject to the approval of the Kusama Council and […]

Polkadot (DOT) and Kusama (KSM) skyrocket in price after attracting $30M in funding

Polkadot (DOT) and Kusama (KSM) rose in tandem on June 3 as traders assessed a venture capital firm’s major investment into their blockchain ecosystems. Dubbed as Master Ventures, an Asian blockchain incubator and venture capitalist announced that it had launched a $30 million venture capital fund called Master Ventures Polkadot VC Fund. In a press release […]