Lacking commercial demand and facing worldwide regulatory challenges, Yield Protocol, a decentralized finance (DeFi) lending protocol, has stated its intention to shut down before the end of the year. We’ve made the tough decision to wind down the Yield Protocol. The March 2024 fixed rate series will not be launched.
When you hear “NFT Marketplace”, OpenSea is typically what comes to mind, or Rarible perhaps. But while the ascent of non-fungible tokens (NFTs) was initially celebrated as an innovative frontier within the cryptocurrency industry, the current landscape paints a more subdued picture, with the market experiencing a bearish trend. In
Chainalysis, a blockchain analytics business, let off another 15% of its workforce this week, citing the necessity to cut costs in light of the prolonged detrimental market. The firm said on October 3 that it has laid off 15% of its workforce, or around 135 people. Madeleine Kennedy, VP of
It’s long been said that gambling is one of the surest ways to lose your paycheck, and for traditional betting platforms that is probably true. However, with the rise of crypto gambling, betting has become more transparent, improving the odds for gamblers and ensuring absolute fairness when it comes to
Klaymakers23, the global flagship Klaytn hackathon co-organized by the Klaytn Foundation and DoraHacks, is now open for registration. About Klaymakers23 The annual Klaymakers that started in 2022 is more than just a hackathon – it’s a place for Web3 developers to level up their skills through tech workshops, partner presentations,
Do Kwon, co-founder of Terraform Labs, has disputed the relevance of leaked Slack chats used as proof. Investor attraction via transaction manipulation was a topic of conversation between co-founder Daniel Shin and Do Kwon. A September 2019 Slack chat between the company’s co-founders was included in a court filing by
Brazil and Buenos Aires are leading the way into a new age of digital identity verification as countries across the world struggle with demands for more secure identification systems. Both jurisdictions have adopted blockchain technology in an effort to provide their residents with safer, more reliable, and more streamlined services.
By enabling the usage of cryptocurrencies and Non-fungible Tokens (NFTs) for in-game purchases, blockchain games have revolutionized the gaming experience for gamers globally. Due to the increased demand of blockchain technology, the rising appetite for decentralized games and assets, and the promise of blockchain games to deliver new and exciting
Ripple is backing out of its planned acquisition of Fortress Trust only 20 days after announcing the purchase in order to ostensibly increase its number of licenses in the U.S. Yesterday, Ripple CEO Brad Garlinghouse said on Twitter about the decision to abandon the acquisition. However Ripple will continue to
A new collaboration aims to strengthen stablecoin adoption and development on the Cardano blockchain. Cardano Spot, a leading web3 media network, has partnered with Minswap Labs to educate users on the expanding stablecoin ecosystem. Cardano Spot provides trusted insights into Cardano-native projects like Minswap, the leading decentralized finance (DeFi) protocol
