Ethiopian Bitcoin Mining gets 600MW Boost
Ethiopia is quickly becoming a Bitcoin mining powerhouse, with 600MW of power used by local miners, and more is expected this year. According to Ethan Vera, the co-founder and COO of Luxor Mining, who cited data from Ethiopian Electric Power in an X thread, the country’s Bitcoin mining sector is growing, and at this point, […]
Paxos Launches Yield-Bearing Stablecoin on Arbitrum
The yield-bearing stablecoin Lift Dollar from Paxos International has been introduced on the Ethereum layer-2 network Arbitrum. On October 9, the Financial Services Regulatory Authority of Abu Dhabi stated that Lift Dollar (USDL) would expand to Arbitrum. Lift Dollar is a subsidiary of Paxos based in the United Arab Emirates. Only a few weeks have […]
Sui Network to Launch Native USDC via NAVI Protocol
The NAVI Protocol is scheduled to include USDC stablecoin and the Sui Foundation has declared that the asset would be available natively on the Sui network. According to a press statement, this integration represents the third-largest supply of USDC in the sector, after Aave and Compound, and is supported by $120 million in USDC liquidity. […]
WisdomTree Links Tokenized Money Market Funds with Debit Card
A new innovation from WisdomTree allows users to use a debit card to make purchases from their tokenized money market fund. With the WisdomTree prime Visa debit card, consumers may now purchase directly from their tokenized government money market fund, thanks to a new feature from global exchange-traded fund provider WisdomTree. The company said in […]
Hex Trust Teams up with Clearpool to Launch Ozean Blockchain
Cryptocurrency custodian Hex Trust and decentralized finance protocol Clearpool have launched Ozean, a blockchain platform prioritizing real-world asset income. Hex Trust, based in Hong Kong, and DeFi credit protocol Clearpool announced their partnership through X. They also announced the news in a blog entry on October 8. Ozean, a RWA yield platform, claims to be […]