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Token incentive models may become obsolete as layer-2 networks focus on ease of functionality and low fees, but how will this impact decentralization? Go to Source Powered by WPeMatico
“Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less,” says Maker. Go to Source Powered by WPeMatico
Bitcoin rose back above $20,000 on Saturday, despite markets still being spooked by the collapse of yet another banking institution. Silicon Valley Bank was shut down by U.S. regulators on Friday, causing many institutions to lose access to capital. This includes USDC issuer Circle, which led to a USDC depegging. Ethereum also rebounded on Saturday. … Read more
PRESS RELEASE. Leading DeFi protocol BTC PROXY today expanded support for the Binance BNB Chain as well as updating support on Ethereum and Polygon for their ($BTCpx) Bitcoin Proxy. Minting and bridging of BTCpx to the three networks goes live on or after March 10th, 2023. This fulfilled a vision of allowing the Proxy community … Read more
The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment includes a fund for supporting the growth of metaverse companies and another special investment to build several services including region-specific projects. South Korea Continues Investing … Read more
Bitcoin recovers from the depegging of USDC, the second-largest stablecoin, from the U.S. dollar. Go to Source Powered by WPeMatico
Ethical hacking is the practice of identifying and testing vulnerabilities in a system to improve its security and prevent unauthorized access. Go to Source Powered by WPeMatico
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the dollar. Go to Source Powered by WPeMatico
According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)’s demonetization of the 1,000, 500 and 100-naira banknotes. According to the court, Nigerian residents will continue to use the demonetized banknotes until the end of the year. Court Criticizes Outgoing Nigerian President … Read more
While the crypto market responded with a massive sell-off, not all USDC investors were lucky enough to walk away with their funds amid the uncertainty. Go to Source Powered by WPeMatico