MakerDAO’s decentralized stablecoin, DAI, has seen remarkable growth recently, with its Total Value Locked (TVL) surpassing the $1 billion mark. This success is largely attributed to the DAI Savings Rate (DSR), which offers an impressive 8% Annual Percentage Yield. Maker’s treasury has also grown to $171.61 million, with its native MKR token constituting 52.12% and […]
Solana’s DeFi ecosystem has seen a notable increase in growth this year, with major traditional institutions such as Visa and Shopify adopting the blockchain network. The total value of assets locked (TVL) on the Solana blockchain reached a yearly high of $335 million on October 2nd, according to DeFillama data. Despite this recent growth, the […]
The Brazilian government is calling for a redistribution of IMF funding quotas to better represent the interests of developing countries. Brazil is pushing for this change during the upcoming IMF meeting, citing the launch of financial institutions like the New Development Bank by the BRICS Group as evidence of the need for economic independence. Brazil […]
Ripple, a prominent fintech company, recently earned two awards at the Future Digital Awards for Fintech & Payments 2023. The company was celebrated for its “Sustainability in Fintech Innovation of the Year” and received accolades in the “CBDC Innovation” category. Juniper Research commended Ripple for its ground-breaking efforts concerning the US Dollar-backed Palau Stablecoin (PSC). […]
XRP (XRP) and Dogecoin (DOGE) have recently seen bullish rallies, while VC Spectra (SPCT) has emerged as a promising beginner cryptocurrency, having raised $2.4 million in its private sale. XRP’s price could reach $0.7899 by the end of 2023, according to experts. Dogecoin (DOGE) might surge to $0.0670 by December. VC Spectra (SPCT) offers investors […]
The Bank of International Settlements (BIS) has announced a collaboration with major European central banks to launch Project Atlas, a groundbreaking tracking system for the burgeoning world of cryptocurrencies and decentralized finance (DeFi). The initiative will aggregate off-chain data sourced from cryptocurrency exchanges with on-chain data obtained from public blockchains via nodes. This will enable […]
Wirex, a crypto payment service provider, has launched W-Pay, a zero-knowledge proofs-based non-custodial crypto debit card service. W-Pay is built on Polygon’s Chain Development Kit (CDK) and promises increased scalability and security. The zero-knowledge protocol allows one party to prove something is true without disclosing any information other than the fact that the claim is […]
FTX, a crypto derivatives exchange, has been accused of allowing Alameda Research to withdraw billions in customer funds through a backdoor in the exchange. According to a Wall Street Journal report, some of FTX’s employees in the U.S. were aware of the backdoor, but the problem was never fixed. The team, who worked for LedgerX, […]
The trial against Sam Bankman-Fried, the CEO of the FTX crypto exchange, is underway in Manhattan’s federal courthouse. Marc-Antoine Julliard, a London-based commodities trader, testified that he was lured in by FTX’s confident marketing, which he believed painted the picture of a trustworthy platform. However, he was unaware that his funds might be borrowed. Assistant […]
Bitcoin (BTC) price has once again started to rise after crossing the moving average lines. The largest cryptocurrency is currently trading above the moving average lines or in the uptrend zone. The recent price action remained stable above the $27,600 support. Bitcoin is now trading below resistance of $28,400 and is benefiting from the possibility […]
