The version 3 (v3) blockchain’s total value locked (TVL) has surged 15% since the start of the month to $1.76 billion, data from blockchain analytics firm DefiLlama shows. Aave’s TVL has skyrocketed 300% since Jan. 1, widely outpacing other major cryptos over this period. Bitcoin and ether, the two largest digital assets by market capitalization, have risen about 70% and 50%, respectively, in 2023. Original
Day: June 21, 2023
European Investment Bank uses blockchain for environmental bond
The European Investment Bank (EIB) successfully priced its inaugural SEK 1 billion Climate Awareness Bond (CAB) today, leveraging the so|bond platform. Notably, the platform employs the Proof of Climate awaReness (PoCR) protocol, a novel blockchain validation logic that not only ensures energy efficiency comparable to non-blockchain systems but also incentivizes participating nodes to continuously enhance the environmental impact of their infrastructures. The first of its kind The European Investment Bank (EIB), a publicly owned international financial institution that has been around since 1958, has issued its first-ever green and SEK-denominated…
Robinhood’s crypto trading volume falls in May, this hybrid exchange can take over
Robinhood, a popular trading platform, has announced that its crypto trading volumes plunged in May amidst a regulatory crackdown on centralized entities. Cryptocurrency traders are migrating from centralized exchanges (CEXs) to hybrid exchanges as they offer less restriction. Amidst the exodus of traders, Tradecurve has stood out, but can it take over from centralized trading platforms? >>Buy TCRV tokens now<< Robinhood trading volumes plunge 68% Robinhood, a trading platform, has reported a decrease in cryptocurrency trading volume in its May report. The report shows a 43% drop in crypto trading…
Disrupting Traditional Centralized Exchanges with Tech Advancements
Decentralized exchanges (DEXs) have emerged as a game changer in the world of cryptocurrency. DEXs, which are based on blockchain technology, provide a peer-to-peer trading experience that eliminates the need for intermediaries and centralized control. Significant developments in DEX technology in recent years have increased their potential to threaten traditional centralized exchanges. This article looks at the most recent advances in DEXs and how they are changing the cryptocurrency ecosystem. Traditional centralized exchanges act as intermediaries, facilitating cryptocurrency trading by matching buy and sell orders. DEXs, on the other hand,…