The popular Aave DAO platform has successfully launched its own decentralized stablecoin, GHO, on the Ethereum mainnet. Minting the stablecoin with a wide variety of collateral assets kept inside the Aave Protocol is part of its effort to improve user visibility. By including such an asset, Aave hopes to provide
July 15, 2023 2 mins read
On Friday, Larry Fink expressed optimism about the future of cryptocurrencies by discussing the growing interest he has seen from gold investors. The CEO of BlackRock said on CNBC after the company’s second-quarter earnings report that “more and more” gold investors have been inquiring about the role of crypto over
July 14, 2023 2 mins read
Christie’s, the 256-year-old auction house, is collaborating with the high-end fashion label Gucci to launch a collection of non-fungible tokens (NFTs). The collection, dubbed “Future Frequencies: Explorations in Generative Art and Fashion,” includes 21 NFTs. These are made by artists including Claire Silver (AI), Emily Xie (generative art), Botto (decentralized
July 14, 2023 1 min read
The operator of a decentralized wireless network, World Mobile, has said that it has obtained licensed spectrum in the United States. In the company’s effort to provide dependable and inexpensive internet connectivity to underserved parts of the United States, this strategic initiative represents a critical turning point. World Mobile’s aspirations
July 13, 2023 2 mins read
According to the U.S. Bureau of Labor Statistics, inflation measured by the annual change in the Consumer Price Index (CPI) was 3% in June, beating market estimates of 3.1%. In addition, Core CPI inflation falls to 4.8% from 5.3% in May, the lowest level seen since November 2021. This allows
July 12, 2023 1 min read
Ripple (XRP) is experiencing a surge in bullish sentiment as recent positive developments fuel optimism among investors. A comprehensive security audit of an Automated Market Maker (AMM) on the XRP Ledger, conducted by CertiK, has reinforced confidence in Ripple’s security measures, attracting more participants to the ecosystem. The audit’s successful
July 12, 2023 1 min read
According to Chainalysis, a blockchain security and analytics company, the exploit of the cross-chain bridge technology Multichain that cost millions of dollars may have been an internal rug pull. The firm stated: “On July 6, 2023, cross-chain bridge protocol Multichain experienced unusually large, unauthorized withdrawals in what appears to be
July 11, 2023 1 min read
In conjunction with SaaSy Labs, Bored Ape Yacht Club (BAYC) is announcing the release of “Made by Apes,” an on-chain IP verification tool. The purpose of the application is to provide an easy process by which BAYC members may validate their works and produce a comprehensive catalog. From its peak,
July 11, 2023 1 min read
In select markets, the Crypto.com App now offers on-chain staking, which it recently announced. Users may get rewards while actively supporting the project they back through on-chain staking. On-chain Staking Explained By locking up their tokens and aiding in network security via staking, individuals may take part in a specific Proof
July 10, 2023 1 min read
The unveiling of Arkham (ARKM) as Binance’s 32nd project on Binance Launchpad is an excellent development for the cryptocurrency world. With its novel token sale mechanism and exciting features, it seeks to completely overhaul the crypto industry. Binance Launchpad is a crypto financing platform where early-stage companies may get support
July 10, 2023 1 min read