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On August 15th, Russia Begins Pilot Testing of Digital Ruble for CBDC Innovation

Aug 09 2023 @ 11:36
Set to Unfold on August 15th, the pilot endeavors will encompass a consortium of 13 banks alongside a carefully chosen cohort of clients. This strategic move underscores Russia’s transition from extensive bank-oriented trials to consumer-focused testing, signifying the nation’s strides in crafting its Central Bank Digital Currency (CBDC). The digital ruble’s overarching...
 

A New Stablecoin Named GHO, Goes Live on the Ethereum Mainnet

Aug 09 2023 @ 03:05
Aave, a Decentralized Finance lending project has just commenced its long-anticipated Stablecoin named GHO, which was launched on the Ethereum blockchain. Now, Aave version three users can mine the Stablecoin against their saved assets on the project. The newly launched GHO Stablecoin provides users with an unchanging rate of 1.5%, while people who stake AAVE […]
 

Essential Layer-1 Protocols for Crypto Investors

Aug 07 2023 @ 09:06
Layer-1 Blockchains are vital players in Decentralized Finance’s growth, even amid regulatory Scrutiny. The modern cryptocurrency ecosystem thrives on scalable blockchains like Ethereum, Solana, and Cardano, which power notable Decentralized Finance technologies such as NFTs. Billions of dollars from investors have poured into this industry over the past five years. However, regulatory...
 

A Survey of the Solana DeFi Ecosystem in 2023

Aug 02 2023 @ 06:40
In recent times, the Decentralized Finance (DeFi) sector on the Solana blockchain has encountered various challenges, including hacks, FTX crashes, reduced liquidity, and network interruptions. However, surprisingly, Solana has shown resilience and strength amidst these difficulties. The credit goes to the dedicated efforts of the Solana team and developers, who have worked tirelessly to...
 

Users’ Safety Assured by Binance CEO Amidst Defi Protocol Attacks by Hackers

Aug 01 2023 @ 07:54
Following the recent attacks on decentralized finance (DeFi) protocols, Binance CEO Changpeng Zhao addressed Binance users through social media, providing reassurance that their funds remain secure and unaffected by the ongoing security issues. Millions of dollars’ worth of cryptocurrencies were stolen in the targeted attacks on Curve’s liquidity pool, which is a widely used...
 

A Guide to the Best 5 Protocols on Tron (TRX)

Jul 31 2023 @ 08:03
Tron, a DeFi alternative to Ethereum, commands over 11% of the total value locked (TVL) in the DeFi industry. TRX, Tron’s native token, ranks among the top 10 cryptocurrencies with a market cap of $7.15 billion and a Year-to-Date (YTD) return of 45.5%. The good side is Tron’s investment ecosystem’s growth due to robust protocol […]
 

Identifying and Avoiding Cryptocurrency Airdrop Scams: Four Key Strategies

Jul 28 2023 @ 11:48
Be cautious of airdrops; scammers exploit the popularity of free tokens. While crypto airdrops offer an excellent opportunity to receive free tokens and help promote cryptocurrency projects, there’s a need for vigilance. Fraudsters misuse the appeal of free assets through fake airdrops to deceive unsuspecting victims. How can you identify and avoid falling prey to […]
 

Ways of Investing in the Metaverse

Jul 26 2023 @ 20:28
The Meterverse, through the employment of the latest realistic 3-dimensional technology, facilitates a realistic environment that allows users to be immersed in itself. Through the Metaverse, users can interact and transact business as they would in the real world. The key opportunity in the metaverse is its profit-making potential. The world of the Metaverse is […]
 

Japanese Prime Minister Fumio Kishida Acknowledges the Transformative Power of Web3 During WebX Conference

Jul 25 2023 @ 14:17
Japanese Prime Minister Fumio Kishida Acknowledges the Transformative Power of Web3 During WebX ConferenceThe Japanese prime minister, in the recent Asia’s Global Conference, made the statement that Japan is ready to embrace Web 3. Web3 holds the promise of revolutionizing the conventional Internet structure and triggering profound societal transformations. Acknowledging the formidable...
 

SEC v. Ripple: Key Lessons for Investors

Jul 24 2023 @ 16:33
The aftermath of the recent SEC ruling on Ripple has been intriguing. Some of the comments from cryptocurrency news websites make it seem like the second coming of Satoshi. Frankly, this situation poses a challenge for cryptocurrency investors. One major question it raises is whether Ripple should be classified as a financial instrument, i.e., a […]
 
 
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