Crypto market data analytics firm Kaiko Research is warning that one real-world asset (RWA) project could remain bearish for two main reasons. In a new report, Kaiko Research says that Ondo Finance (ONDO) is losing momentum after the hype around RWA projects has died down. The firm also warns that expected Fed interest rate cuts…
ENS Labs, the company behind the open-source blockchain naming protocol, Ethereum Name Service, is collaborating with Dentity, a leading digital identity provider, to integrate verifiable credentials on-chain. The new integration allows ENS users to link their on-chain identity with their real-world identity, giving them the power to decide the scope of the information they share,…
Binance Coin (BNB) is a digital currency that powers the BNB Chain. BNB Chain is an Ethereum Virtual Machine (EVM) compatible blockchain platform capable of general-purpose smart contract execution. The BNB Chain uses a unique combination of Proof-of-Stake (PoS) and Proof-of-Authority (PoA) consensus mechanisms to validate network transactions. The combination of both models leads to…
Aptos (APT) is a Layer-1 blockchain built on the Move programming language, initially developed for Meta’s Diem project. The blockchain’s native cryptocurrency APT promises users increased scalability, reliability, security, and usability. The rebranded project Aptos Network has raised over $350 million through multiple funding rounds led by Jump Crypto and Circle Ventures. But will its…
Stablecoin issuer Tether plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED), marking an expansion in its portfolio of digital assets. Developed in partnership with UAE-based tech conglomerate Phoenix Group PLC and supported by Green Acorn Investments Ltd, this project will leverage the UAE’s regulatory framework for Payment Token Services….
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price plunged 3% in the last 24 hours to trade at $59,553 as of 03:18 a.m. EST on trading volume that dropped 7% to $27 billion. This comes as an address associated with the defunct crypto exchange Mt. Gox moved…
Key Takeaways Tether’s new stablecoin is fully backed by UAE-based liquid reserves. Tether aims to be a pioneer in the UAE’s crypto market by being among the early adopters of the new regulatory framework. Share this article Tether, the issuer of the largest stablecoin in the digital asset sector, announced Wednesday it is developing a…
A new Pre-Launch futures contract for DOGS (Dogs) – DOGSUSDTQ24 – is now available to trade on BitMEX. The new listing is margined in Tether (USDT) and offers up to 2x leverage so you can long or short DOGS before it’s listed on spot exchanges. Trading for DOGSUSDTQ24 started here at 10:00 UTC on 21…
Terraform Labs (TFL), the company behind Terra ecosystem, revealed an important announcement regarding the Chapter 11 bankruptcy proceeding on Wednesday. TFL confirms that the Chapter 11 bankruptcy hearing to commence in mid September. Terra Bankruptcy Hearing Set For September 19 On August 21, Terra took to X to disclose the Plan Confirmation Hearing of the…
Singapore, Singapore, August 21st, 2024, Chainwire At the Web3 Summit in Berlin today, SubQuery made a major announcement, unveiling its newest innovation: decentralized AI inference hosting. In a live demonstration, SubQuery’s COO, James Bayly, showcased how the latest LLama model operates across a fully decentralized network of Node Operators on SubQuery’s internal test network. SubQuery’s…