Month: May 2023

MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users

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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 features for ETH, stETH, DAI, and sDAI. pic.twitter.com/oLa8oeBmL1 — Maker (@MakerDAO) May 8, 2023 According to the Twitter announcement, the first version of the Spark Protocol will act as a…

Paxful restarts marketplace operations for the first time since April

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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 month, our team has worked diligently to get the marketplace back online with the safety and security of users paramount,” said Paxful. : Paxful is back online. Over the next…

Warren Buffett Sees ‘No Option’ Other Than US Dollar as Reserve Currency, but Warns Fed Can’t ‘Just Print Money Indefinitely’ – Finance Bitcoin News

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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 for Reserve Currency Is the U.S. Dollar Warren Buffett, CEO of Berkshire Hathaway, also known as the ‘Oracle of Omaha’ due to his city of origin, gave his opinion about…

Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8

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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 multiple benefits and opportunities for our society.” In France, the Senate Committee on Economic Affairs approved an amendment allowing registered cryptocurrency companies to hire social media influencers for advertising and…

Despite PEPE-mania, there are 2x more bitcoin users than ethereum

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Fresh data from blockchain analytics platform, Token Terminal, shows that bitcoin had two times more daily active users than ethereum as of May 8.  Bitcoin flips ethereum in user count At the time of writing, bitcoin still leads ethereum in terms of daily active users.  Bitcoin has an average of 589,810 daily active users over a 30-day period, while ethereum has an average of 322,840 daily active users over the same time frame. Token Terminal is…

State-sponsored Chinese AI firm launches bot service to ‘surpass’ ChatGPT

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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 generative language model on Saturday. The company said it will keep updating it to a version better than the rival ChatGPT by Oct.. pic.twitter.com/zjSrPbAXKy — Beijing Daily (@DailyBeijing) May 8,…

South Korean lawmaker allegedly cashed out while legislating on crypto: Report

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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 crypto assets before South Korea introduced the Travel Rule in March 2022. The lawmaker reportedly said he did not cash out the assets but rather transferred them to…