Merge: Defi Giant Aave Halts Loaning Ether
The Aave community is worried that more users will borrow ether before the Merge, which could cause liquidity problems for the protocol and make the staked ether market on Lido more volatile. Aave, a large decentralized lending platform, has put in place new rules to protect itself from a number of risks that could come […]
$100,000,000 Ancient Bitcoin Whale Makes a Move
OKLink , a blockchain explorer, has shown that in 2013, 5,000 BTC (about $100 million) were transmitted to Kraken from a Bitcoin whale address.You can learn more at https://u.today/ancient-bitcoin-whale-moves-100-million. The most recent recorded activity for this address dates back to May of 2021. In the last few weeks, a large number of whale wallets have […]
What is CC0 and how will it influence the NFT market?
NFT initiatives are embracing a CC0 framework, with encouraging outcomes As the NFT industry gets more organized, with the participation of prominent artists, studios, and corporations, the sector has struggled to determine how to best safeguard intellectual property. For instance, Bored Ape Yacht Club maintains stringent IP usage and has sued individuals, whereas CryptoKitties employs […]
BIS execs: Crypto’s adaptability vital to ideal monetary system
BIS executives said bottlenecks in DeFi and reliance on volatile assets are hindering the broad adoption of cryptocurrencies. Governments view central bank digital currencies (CBDCs) all over the world as a way to enhance the current fiat ecology. According to a recent International Monetary Fund (IMF) article, cryptocurrency’s technological capability, backed by the central bank’s […]
Itaú Set to Develop a DeFi Liquidity Pool
As part of the Financial and Technological Innovation and Technology Laboratory, Banco Central do Brasil chose Itaú and seven other projects. A decentralized finance (DeFi) liquidity pool from Itaú Unibanco, the biggest private bank in the nation, was chosen by the central bank of Brazil as one of eight new initiatives for its most recent […]