MakerDAO, a decentralized autonomous organization that operates on the Ethereum blockchain and issues stablecoin DAI, has announced that it has launched the Spark Protocol, a lending solution for DAI users. Announcing the Spark Protocol launch ⚡️ Starting May 9, 2023, Spark Protocol will be available to all DeFi users. An end-user, DAI-centered DeFi product deployed on Ethereum with supply and borrow…
Peer-to-peer crypto marketplace Paxful has announced it is back online after suspending operations in April. In an update posted to its website, Paxful said its team had relaunched the marketplace after more than 30 days. Though the platform said its wallet had “remained fully operational” during the suspended service, it’s unclear how Paxful intends to move forward. “Over the last…
Meme token fever is sweeping through Bitcoin, as the market cap of tokens built on top of the leading cryptocurrency’s blockchain approached $1 billion on Monday after ORDI—the very first such token—was listed on major exchanges. According to brc-20.io, which tracks the nascent market for tokens minted on the Bitcoin blockchain, the market cap of all BRC-20 tokens combined totals…
Warren Buffett, CEO of Berkshire Hathaway and one of the most renowned investors in the market, stated that he saw no viable option to become the world’s reserve currency besides the U.S. dollar. However, he warned about the dangers that printing too much money could bring to the strength of the currency in the future. Warren Buffett’s Only Valid Option…
Last week brought several significant international developments in regulation. Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets. While local payment providers refuse to comment on the decision, Argentina’s fintech chamber urged the government to reconsider, claiming that “it limits access to a technology that offers…
Iflytek, a state-subsidized Chinese artificial intelligence (AI) company, recently announced the launch of “Spark Model,” an AI system designed to compete directly with OpenAI’s ChatGPT. The launch took place at a tech event in HeiFei called “Spark Desk,” and featured a full demonstration of the new system’s capabilities. .#China‘s leading intelligent speech and artificial intelligence (AI) company iFLYTEK launched its…
Bitcoin dropped sharply on Monday, shedding over 5% of its value in 24 hours as traders sold off “risk assets” days ahead of the consumer price index (CPI) report for April. The biggest cryptocurrency by market cap was at the time of writing trading for $27,408, according to CoinGecko. Only one month ago, Bitcoin reached a 10-month high in April…
Kim Nam-kuk, a member of South Korea’s National Assembly, reportedly liquidated more than $4 million worth of crypto prior to lawmakers in the country enforcing the Financial Action Task Force’s ‘Travel Rule’. According to a May 8 report from The Korea Times, authorities with Korea Financial Intelligence Unit are investigating Kim for trading roughly 6 billion won — $4.5 million…
In 2023, meme coins have maintained their popularity, and the recent surge of PEPE demonstrates that investors remain enthusiastic about meme-centered tokens. A fresh study from Coingecko reveals that a significant portion of meme coin fascination originates from the United States, India, and the U.K., encompassing over half of the top ten countries’ interest driving the meme coin phenomenon. Report…
Amid Bitcoin’s recent spike in transaction fees, block number 788695 marks a special milestone for miners: For the first time since 2017, the transaction fees in a single block surpassed the block rewards doled out to miners. Transaction fees in the block clocked in at 6.7 Bitcoin, beating the block subsidy of 6.25 Bitcoin. Though this spike in fees has…
