Tenet, a layer-1 ecosystem that is working to broaden the applications of liquid staking derivatives (LSD), has formed a strategic alliance with LayerZero, a top omnichain interoperability protocol that is now valued at over $3 billion. As a result of the cooperation, the LayerZero omnichain architecture will be used by Tenet,
May 30, 2023 2 mins read
The United States is seeing a decrease in its once-mighty currency. Due to rising issues such as rising debt, increasing interest rate rises, inflation, and growing uncertainty in the financial markets. The BRICS countries (Brazil, Russia, India, China, and South Africa) have been actively looking for alternatives to the shaky
May 30, 2023 1 min read
PancakeSwap, a decentralized cryptocurrency exchange (DEX), has released a tower defense game called Pancake Protectors. Mobox, a player-versus-player (PvP) Gamefi platform on the Binance chain, has been in testing for the last week, but its formal debut has now occurred. The DEX’s native token, CAKE, has reportedly been included in
May 30, 2023 1 min read
After lying dormant for eight years, an Ether wallet that was last used in 2015 has revived, swiftly transferring 8,000 ETH in under two minutes. After taking part in Ethereum’s ICO (initial coin offering) in 2015, the wallet’s owner was rewarded with 8,000 ETH; nonetheless, the wallet sat dormant until
May 29, 2023 1 min read
On Monday, May 29th, Singaporean investment firm Temasek Holdings stated it will reduce pay for the group that had proposed an investment in the defunct FTX cryptocurrency exchange. In the wake of the FTX exchange’s demise in November 2022. Temasek was forced to take a $275 million write-down on its
May 29, 2023 1 min read
The cryptocurrency exchanges’ Ether reserves have hit a five-year low. The current number of ETH on exchanges, 17.8 million, is the most it’s been since July of 2016, according statistics from Glassnode. As of September 2022, the number of Ethereum tokens available on trading platforms has begun to decrease. The
May 28, 2023 1 min read
An agreement in principle to extend the debt limit date, now at $3.4 trillion, has been agreed between US President Joe Biden and Representative Kevin McCarthy only days before the default date. The proposed compromise between the two sides would increase the debt ceiling for two years while imposing expenditure
May 28, 2023 1 min read
In Zanzibar, World Mobile has successfully launched its commercial telecom network. Zanzibaris may now make use of mobile data that is 50% less expensive than the national average thanks to World Mobile’s formal launch in the East African region. The release of World Mobile’s Android app on Google Play has
May 26, 2023 2 mins read
Despite delays and technical challenges that impeded the user experience, Nike has sold over $1 million of its first non-fungible token (NFT) sneaker collection through the .SWOOSH Web3 platform. Nike’s much-anticipated virtual creations didn’t go on sale until May 15, over a week after their initial May 8 launch date.
May 26, 2023 1 min read
Digital Currency Group (DCG), a venture capital firm, has decided to shut down its main brokerage subsidiary TradeBlock due to the general economic climate and the ambiguity surrounding crypto regulation in the United States. Led by Breanne Madigan, TradeBlock will reportedly begin winding down operations on May 31st. A company
May 26, 2023 1 min read
