Technology Financial News

24.08 / 15:43

Blockchain Technology NFT Uniswap Uniswap eyes NFT financialization, in talks with lending protocols

Crypto exchange Uniswap engaged in talks with multiple nonfungible token (NFT) lending protocols, according to a social media post from Uniswap's head of NFT product Scott Lewis.

23.08 / 20:05

Technology data Tech Financial Celsius, 3AC demonstrated why financial infrastructure should move on-chain

While mainstream coverage of cryptocurrency has been overwhelmingly negative in the wake of the collapse of the Terra ecosystem, the bankruptcy of Celsius and the fall of Three Arrows Capital, these events ultimately show why more of the financial system should operate on-chain, bringing more transparency and information to market participants.

22.08 / 23:35

Blockchain Technology defi NFT lending protocol Bend DAO proposes emergency changes amid credit crisis

On Monday, developers of decentralized nonfungible tokens (NFTs) borrowing and lending protocol Bend DAO proposed new emergency measures in an attempt to stabilize the ecosystem. The same day, it was revealed that the project had just as little as 15 wrapped Ether (wETH) worth $23,715 to pay back lenders. Approximately 15,000 ETH was lent using the mechanism. To save the protocol from a credit crisis, the Bend Dao dev team suggested that the liquidation threshold for collateral would be constrained to 70% of the loan value, down from 85%.

22.08 / 19:43

Blockchain Technology Altcoin Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin

According to a new post by Acala Network co-founder Bette Chen, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin.

22.08 / 16:23

Technology Adoption Scams Metaverse is a key factor in long-term NFT success, says new research

A new report from Juniper Research analyzed the trajectory of the nonfungible token (NFT) market over the next five years. According to the study, global transactions related to NFTs will escalate from 24 million in 2022 to nearly 40 million by 2027.

20.08 / 23:45

markets Technology Adoption DeFi needs to start creating real-world value if it wants to survive

The total value locked in decentralized finance (DeFi) projects is hovering around $62 billion as of mid-August, down from a peak of over $250 billion in December 2021. Capital is fleeing the crypto space amid war, soaring inflation and whatever other surprises 2022 may still have in store for us.

20.08 / 11:11

business Blockchain Technology Gaming Samsung, Alphabet, BlackRock among 40 top firms investing in blockchain and crypto

The biggest publicly traded companies to invest in blockchain and cryptocurrency companies between September 2021 and June 2022 include electronics giant Samsung, technology behemoth Alphabet, and investment management firm BlackRock, according to a study by crypto intelligence platform Blockdata.

18.08 / 16:07

Technology Adoption Digital Currency Ukraine has shown the value cryptocurrency offers to real people

The world is still struggling to comprehend the geopolitical and human impact of the Ukraine war. With more than 10 million people fleeing their homes and 6 million seeking refuge in foreign countries, it's been a time to support a sovereign country under attack.

17.08 / 20:03

Blockchain Technology Ethereum gas fees NOT Ethereum Foundation clarifies that the upcoming Merge upgrade will not reduce gas fees

According to a new clarification by the Ethereum Foundation on Wednesday, the network's upcoming proof-of-stake transitory upgrade — dubbed the "Merge," — will not reduce gas fees. Regarding this, the Ethereum Foundation wrote:

16.08 / 14:47

business Technology Real Estate Newly built Miami residential tower becomes bridge between cryptocurrency and real estate

The cryptocurrency market is often recognized for its uncertainty; its underlying technologies represent a major disruption across industries, such as finance, gaming and supply chain. Consequently, asset prices rise and fall alongside changes in regulatory measures and new applications for the technology.

16.08 / 12:37

Technology Germany refuses to back calls for Russia tourist visa ban

German Chancellor Olaf Scholz is refusing to back growing calls for an EU-wide ban on giving tourist visas to Russians.

16.08 / 12:37

Technology Disaster Ukraine war: Moldova ships in one million iodine pills amid fears of nuclear disaster

Moldova has imported one million iodine pills as fighting rages around a nuclear power station in neighbouring Ukraine.

16.08 / 08:05

Technology Trump Donald Trump: Prosecutors oppose release of 'highly sensitive' search evidence

The US Justice Department has rebuffed efforts to make public the affidavit supporting the search warrant for former President Donald Trump’s estate in Florida, saying the investigation “implicates highly classified material” and the document contains sensitive information about witnesses.

15.08 / 23:51

Technology Ukraine war: Five Europeans accused of being mercenaries put on trial by pro-Russian separatists

Five Europeans captured in eastern Ukraine went on trial on Monday in a court run by Kremlin-backed separatists, accused of fighting with the Ukrainian army as mercenaries.

15.08 / 23:51

Technology Sunak Truss v Sunak: Rivals to succeed Boris Johnson blasted over 'fantasy' economic plans

Britain's leading politicians have been accused of coming up with "pure fantasy" solutions to the country's problems, amid the worst cost-of-living crisis in decades.

12.08 / 01:37

Blockchain Technology defi regulation DeFi platform Oasis to block wallet addresses deemed at-risk

According to a new community Discord post on Thursday, decentralized finance platform Oasis.app says that sanctioned addresses will no longer be able to access the application. As a result of the change to the terms of service, wallets flagged as high risk are prohibited from using Oasis.app to manage positions or withdraw funds. Instead, such category of users must interact directly with the relevant underlying protocol where funds are stored or find another service.

11.08 / 19:27

Blockchain Technology Digital identity Reinventing yourself in the Metaverse through digital identity

The Metaverse has become one of the biggest buzzwords of the year as a number of brands, companies and even countries begin to explore virtual worlds to conduct business. Even though Metaverse development is still underway, a recent report from the technology research and advisory firm Technavio found that the Metaverse will hit a market share value of $50.37 billion by the year 2026.

11.08 / 18:23

Blockchain Technology Ethereum Bitcoin How to earn interest from crypto saving accounts?

The cryptocurrency industry has offered developers and investors the opportunity to introduce new financial tools providing plentiful options to earn passive income. Simply holding crypto has offered patient investors the chance to make gains over the years. However, there are various other ways to increase crypto assets’ stacks, even in bear markets.

11.08 / 05:55

Blockchain Technology crimes Cybercrime Cross-Chain Cross-chain bridge RenBridge laundered $540M in hacking proceeds: Elliptic

Cross-chain bridges have been the target of more than a few hacks this year, but new data from blockchain analytics provider Elliptic alleges one has been used to launder over half a billion dollars in ill-gotten crypto assets.

10.08 / 20:51

Blockchain Technology Ethereum surges Optimism TVL surges nearly 300% M/M ahead of The Merge upgrade

According to data from DeFi Llama, total value locked (TVL) on Optimism, a layer-two scaling solution for the Ethereum blockchain, has surged 284% in the past month. The vast majority of TVL consists of users lending and borrowing assets on Aave through Optimism's layer-two chain.

10.08 / 14:09

Blockchain Technology Adoption Trading What is a trading journal? And how to use one

Monitoring price changes using charts is one way to stay updated on the market trends. However, technical or fundamental analyses and tracking other market metrics are not the only means of becoming a successful trader. For example, a disciplined approach that includes maintaining a trading journal would protect you from making emotional decisions concerning your financial investments.

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