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On August 15th, Russia Begins Pilot Testing of Digital Ruble for CBDC Innovation

10 Aug 2023 @ 02:36
Set to Unfold on August 15th, the pilot endeavors will encompass a consortium of 13 banks alongside a carefully chosen cohort of clients. This strategic move underscores Russia’s transition from extensive bank-oriented trials to consumer-focused testing, signifying the nation’s strides in crafting its Central Bank Digital Currency (CBDC). The digital ruble’s overarching...
 

A Survey of the Solana DeFi Ecosystem in 2023

02 Aug 2023 @ 21:40
In recent times, the Decentralized Finance (DeFi) sector on the Solana blockchain has encountered various challenges, including hacks, FTX crashes, reduced liquidity, and network interruptions. However, surprisingly, Solana has shown resilience and strength amidst these difficulties. The credit goes to the dedicated efforts of the Solana team and developers, who have worked tirelessly to...
 

Users’ Safety Assured by Binance CEO Amidst Defi Protocol Attacks by Hackers

01 Aug 2023 @ 22:54
Following the recent attacks on decentralized finance (DeFi) protocols, Binance CEO Changpeng Zhao addressed Binance users through social media, providing reassurance that their funds remain secure and unaffected by the ongoing security issues. Millions of dollars’ worth of cryptocurrencies were stolen in the targeted attacks on Curve’s liquidity pool, which is a widely used...
 

A Guide to the Best 5 Protocols on Tron (TRX)

31 Jul 2023 @ 23:03
Tron, a DeFi alternative to Ethereum, commands over 11% of the total value locked (TVL) in the DeFi industry. TRX, Tron’s native token, ranks among the top 10 cryptocurrencies with a market cap of $7.15 billion and a Year-to-Date (YTD) return of 45.5%. The good side is Tron’s investment ecosystem’s growth due to robust protocol […]
 

Ways of Investing in the Metaverse

27 Jul 2023 @ 11:28
The Meterverse, through the employment of the latest realistic 3-dimensional technology, facilitates a realistic environment that allows users to be immersed in itself. Through the Metaverse, users can interact and transact business as they would in the real world. The key opportunity in the metaverse is its profit-making potential. The world of the Metaverse is […]
 

Japanese Prime Minister Fumio Kishida Acknowledges the Transformative Power of Web3 During WebX Conference

26 Jul 2023 @ 05:17
Japanese Prime Minister Fumio Kishida Acknowledges the Transformative Power of Web3 During WebX ConferenceThe Japanese prime minister, in the recent Asia’s Global Conference, made the statement that Japan is ready to embrace Web 3. Web3 holds the promise of revolutionizing the conventional Internet structure and triggering profound societal transformations. Acknowledging the formidable...
 

SEC v. Ripple: Key Lessons for Investors

25 Jul 2023 @ 07:33
The aftermath of the recent SEC ruling on Ripple has been intriguing. Some of the comments from cryptocurrency news websites make it seem like the second coming of Satoshi. Frankly, this situation poses a challenge for cryptocurrency investors. One major question it raises is whether Ripple should be classified as a financial instrument, i.e., a […]
 

Decentralized Finance (DeFi) 2.0

21 Jul 2023 @ 18:53
Decentralized Finance 2.0, also known as DeFi 2.0, represents the next generation of decentralized finance. In this comprehensive article, we will explore all aspects of this cutting-edge financial innovation and its profound impact on the technology sector. As DeFi approaches the realms of upgrades and redesigned models, it becomes crucial to gain a solid comprehension […]
 

People Are Anxious as Hong Kong Prepares to License Some Cryptocurrency Firms

12 Jul 2023 @ 09:55
Despite the euphoria surrounding the debut of crypto enterprises in Hong Kong, no local employees have been hired as of yet, said recruitment executives. Roughly 150 businesses submitted an application on June 1 for a regional crypto license that enables them to run a cryptocurrency trading platform in the area. Even up to $25 million […]
 

Best Crypto Lending Rates

12 Jul 2023 @ 07:58
You’ll probably want to do it through a cryptocurrency lending platform if you want to earn interest on your cryptocurrency, much like you would earn interest at a bank. The top prices as of July 2023 are listed below: Cryptocurrency Lending Defined In the conventional banking system, the bank makes loans with the money you […]
 
 
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