In a move set to shake up the decentralized finance (DeFi) landscape, the MakerDAO community is poised to vote on a groundbreaking proposal that could significantly impact interest rates across the sector. The proposal seeks to raise the Dai Savings Rate (DSR) from its current 1% to an enticing 3.33%,
Huobi Global has announced that it is getting ready to establish its Hong Kong branch for users in the city-state on June 1st. After a year of upheaval in the industry. The Securities and Futures Commission (SFC), Hong Kong’s securities regulator, has decided to allow retail trading in cryptocurrencies. This
The cryptocurrency market is ripe for opportunity thanks to the marriage of AI and blockchain technology. Two exciting initiatives that use AI and blockchain technology to revolutionize their respective industries are SingularityNET and Avorak AI. SingularityNET Coin: Putting the Muscle Behind the Blockchain-Based AI Marketplace SingularityNET is a blockchain-based, artificial
In a groundbreaking move, leading Formula 1 ticket provider, Platinum Group, has unveiled a revolutionary ticketing system for the upcoming Monaco Grand Prix. Partnering with blockchain infrastructure company Elemint and Web3 agency Bary, Platinum Group has created and released non-fungible token (NFT) race tickets, combining cutting-edge technology with the thrill
In the ever-evolving blockchain technology landscape, Ethereum has long held the throne as the leading smart contract platform. However, a rising contender named Algorand has been garnering attention with its unique approach and technological advancements. Understanding the Foundations: Ethereum and Algorand share the goal of enabling decentralized applications and smart
Since Counterparty’s Rare Pepes and operation code Easter eggs, the newest iteration of NFTs on Bitcoin, Ordinals, has sprung onto the scene. Bitcoin is now the world’s second most popular blockchain for NFTs, behind Ethereum which is still the most popular blockchain overall. Ethereum has handled $390 million in on-chain
The memecoin has witnessed significant growth in recent days with the arrival of new coins and has captured the attention of investors in the crypto market. Lookonchain, the on-chain data analytics platform, has reported suspicious wallet transactions, which made most of the profits on memecoins in May 2023. 1/ This
Stablecoins worth $11.6 million were stolen in a cyberattack last month that targeted an earlier version of the Yearn Finance protocol. The exploiter has recently transferred more than $3.6 million, or over 2000 ETH, via Tornado Cash. According to data from PeckShield, a blockchain analytics company, the exploiter is transferring
SingularityNet (AGIX), an altcoin, is gaining significant traction in mainstream media, even as other top cryptocurrencies see limited trading activity. AGIX has seen a significant 13.40% surge in the past 24 hours, as indicated by CoinMarketCap. With a price of $0.2907, the altcoin has also witnessed a substantial trading volume
Douglas, Isle of Man, May 26th, 2023, Chainwire After a half-month Beta period, the blockchain-based Riichi Mahjong esports project, Mahjong Meta, will launch the free minting of its first Pass NFT on the Ethereum network on May 27. Users holding this NFT will receive continuous rights and interests throughout
