The founder of the stablecoin lending and borrowing protocol Curve Finance, Michael Egorov, is seeing his position liquidated. He had over 111 million CRV tokens in collateral and $20 million in debt over four DeFi platforms, reported Lookonchain on June 13. As the price of CRV fell, other positions went underwater, causing a cascade of…
Get Email Alerts and Follow Us: Serbian President Aleksander Vucic is set to approve Rio Tinto’s development of Europe’s largest lithium mine, two years after halting the project. New assurances from the mining company and the European Union have eased regulatory concerns about environmental standards. The Jadar Project aims to open in 2028, producing 58,000…
By Sophie Yu, Casey Hall and Lisa Barrington BEIJING/SHANGHAI (Reuters) – A recovery in Chinese overseas travel from the COVID-19 pandemic is fading as rising costs and difficulties in securing visas cement a preference for local and short-haul destinations. The delay in a revival to pre-COVID levels by China’s outbound travellers, the world’s top spenders…
Get Email Alerts and Follow Us: In his highly anticipated keynote at COMPUTEX 2024, NVIDIA CEO Jensen Huang introduced groundbreaking advancements that promise to redefine the landscape of artificial intelligence (AI) and computing. Highlighting the historical shifts in computing over the past six decades, Huang emphasized that we are on the brink of another transformative…
In a report released earlier this week, Coinbase expressed concerns over the declining crypto talent in the US amidst the ongoing increase in general corporate interest. The largest US exchange highlighted the need for regulatory clarity around the crypto realm to keep the talent within the country. Declining Developer Talent in the US Coinbase notes…
Tesla removed Bitcoin payments citing environmental concerns, but Elon Musk pledged to reinstate them if renewable energy use on the network increased. Four years have passed since Tesla stopped accepting Bitcoin, citing environmental concerns. While the Bitcoin mining industry has reportedly increased its share of renewable energy consumption, Tesla doesn’t appear ready to return to…
Web3 is going to change the digital world by moving from centralized systems to decentralized networks. This means more power to the user, more security and everything is more transparent. One of the best things about Web3 is the rise of DAOs (Decentralized Autonomous Organizations). These DAOs align the community’s interests with the platform’s success,…
The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 13-19. Source link
Meme coins have a market cap of over $60 billion. Tokens like Pepe and Bonk have made many millionaires. SolJu could be the next big thing in the meme coin industry. Meme coins have done well this year, as they outperformed most mainstream coins like Bitcoin, Ether, and Ripple. Some, like Pepe and Book of…
Goofy – Forex trading advisor based on Elliott wave theory including the system – 7thlab – WAVE THEORY. 7thlab – WAVE THEORY is an automated system that helps traders analyze the market and make trading decisions without personal intervention. To do this, the advisor uses Elliott Wave Theory to determine entry and exit points for…