Users can convert eUSD to peUSD, which aims to be friendlier for high-frequency traders – a term that describes a wide range of automated trading firms, including market makers and other vital liquidity providers – that use decentralized finance protocols, said 0xP, Lybra’s pseudonymous head of commercial partnerships. Source
The well-intentioned bad ideas for cars are fascinating to look back on. One early automaker built a literal mechanical horse, which rode on a single wheel and attached to buggy shafts just like a real horse. It was guided not by a steering wheel, but with reins attached to the “mouth” of the motorized stallion. Other early experimental cars ran on compressed natural gas (yikes), steam, compressed air and even, yes, electricity. Source
“Paraguay has access to an abundance of surplus renewable power, and these acquisitions secure valuable, yet limited, sustainable energy contracts while broadening our foothold in a resource-rich country,” Geoff Morphy, CEO of Bitfarms, said in a statement. Original
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The announcement is part of a growing trend in Ethereum’s layer-2 ecosystem, where developers can create application-specific chains using the blockchain’s native stack. Source link
Two members of the United States House of Representatives have added their names to a list of lawmakers criticizing Securities and Exchange Commission (SEC) chair Gary Gensler’s approach to digital asset regulation. In a letter to Gensler dated July 19, Representatives French Hill and Dusty Johnson suggested legislation was a more effective approach to addressing regulatory issues in the digital asset space rather than the SEC’s position to “regulate by enforcement”. The two lawmakers are the respective chairs of subcommittees on Digital Assets, Financial Technology and Inclusion and Commodity Markets,…
Gary Gensler once taught a class on crypto. Is he contradicting himself now in his powerful Washington role? Source
Recently several institutions unveiled their plans for crypto, bringing new interest, capital and participants. Notably, we saw BlackRock file for permission to create a bitcoin ETF, which fired a bright signal flare to the rest of the financial world. As one of the world’s largest financial entities, dipping their toe into the waters of bitcoin is no small matter. It is a symbolic move that tells the rest of the market, “Bitcoin is here to stay.” Institutions such as this will ultimately have a need for regulated custody to secure…
In the rapidly evolving world of blockchain technology, nonfungible tokens (NFTs) have emerged as an asset class offering a unique opportunity to own many kinds of digital items — both rare and valuable. Since the initial boom of NFTs manifested through the world of collectible digital art (such as Bored Ape Yacht Club and CryptoPunks), the past year has seen digital collectibles utilized in various other interesting real-world use cases. Cointelegraph’s Historical Collection is a prime example of this. The Historical Collection is an initiative that allows individuals to own…
Bitcoin (BTC) mining’s environmental impact has always been a controversial topic. On the one hand, critics emphasize that securing the Bitcoin network takes more power than some whole countries’ annual electricity consumption. On the other hand, much of the crypto community argues that it is a necessary activity that has enabled the Bitcoin blockchain to remain extremely resilient against external attacks with an almost 99.99% uptime throughout over 14 years of its history. However, recent developments in the market have provided an opportunity for participants to make Bitcoin mining finally…