Day: July 26, 2023

Uniswap falling, Borroe to rival Bitcoin’s growth

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto constantly evolves, with various tokens and projects competing for recognition and market influence.  Among the decentralized exchange (DEX) protocols, Uniswap (UNI) has garnered significant acclaim in decentralized finance (defi). Nevertheless, recent price fluctuations and market instability have left investors speculating about the potential of a new player, Borroe. Supporters claim Borroe (ROE) can transform the crypto landscape, even surpassing the potential of Bitcoin (BTC) potential. Uniswap is volatile Uniswap allows users to trade various tokens…

Bitcoin Mining Is an Oligopoly, and Proof-of-Stake Isn’t Any Better

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Today PoW and PoS blockchains have conflicting interests between miners/validators and network users. Users would benefit from faster and cheaper transactions, but in general, this will increase costs to miners and validators, reducing their profits. A version of this conflict came up during Bitcoin’s Blocksize War, where some argued to increase the amount of data in a mined Bitcoin block, theoretically making transactions faster and cheaper. The corresponding cost for miners would be higher with bigger blocks, but fees would be lower. Who won out? Original

MKR Shows Positive Moves As Top Coins Land In The Red

MakerDAO’s (MKR) posted positive moves today even as the broader market saw a slight correction. While top coins painted charts red with bearish moves, MKR added over 3% in the last 24 hours, bringing its price to $1,139.92 at 9:25 am EST. This bullish momentum coming amid a bear market trend suggests that special factors might be behind it.  Maker (MKR) Soars Amid New Governance Proposals Maker made the top gainers’ list on Wednesday, July 26, closely behind Compound (COMP) with 3.18% 24-hour price growth and XDC Network with an…

What Is Tome AI? | Blockchain News

Tome AI is a San Francisco-based startup that has developed a unique platform for generative storytelling, leveraging artificial intelligence (AI) to create narratives and presentations. The company’s software is designed to help users express their ideas in a more compelling manner, offering a fluid, multimedia canvas that adapts to any screen. Features and Functionality Tome AI’s platform is not just a deck, document, or splash page. It integrates AI tools to help users explore new approaches and instantly generate new content. Users can type in a prompt and watch as…

Digital Assets Must Take Fraud Prevention Seriously

When evaluating a crypto investment in this environment, it becomes crucial to investigate the project’s governance, risk and compliance (GRC) approach, especially with regard to fraud prevention. Due diligence should show a tech GRC program informed by U.S. Department of Justice (DOJ) guidelines and smart risk mitigations that reflect planning for what is ahead. By way of example, this includes: Source

How Athletes are Embracing Cryptocurrency Sponsorships

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Athletes are increasingly adopting bitcoin sponsorships as part of their endorsement deals in the world of sports. Famous athletes, ranging from high-profile footballers to Olympic competitors, are forming alliances with Bitcoin companies. This article digs into the growing popularity of cryptocurrency sponsorships in the sports sector, examining the advantages and disadvantages for both sportsmen and the crypto firms involved. Cryptocurrency Sponsorships Are Emerging As the popularity of cryptocurrencies grows, sportsmen are looking for ways to collaborate with creative companies in the crypto field. Endorsement Deals Diversification Crypto sponsorships allow athletes…

Palau Is Starting a Stablecoin Trial That Will Be on Ripple’s XRP Ledger

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Cosmos Blockchain Project Faces ‘Existential’ Crisis

The politics have also led to some reputational baggage. As dYdX prepared for its shift to Cosmos, its CEO, Antonio Juliano, tweeted “I specifically don’t want dYdX’s brand to be too associated with cosmos.” The rationale behind this statement, according to Juliano, didn’t have anything to do with Cosmos drama. According to the dYdX founder in that same Twitter thread, “[a]pps should transcend any particular technology they are built on,” and “[t]his is not to say we aren’t huge fans of cosmos.” Source link

Bitcoin Exchange Supply Only Slips Further Despite Price Decline

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On-chain data shows that the Bitcoin exchange supply has only continued to slip further recently despite the price drop to the $29,200 that BTC has observed. Bitcoin Exchange Supply Has Declined To Just 1.17 Million BTC Now According to data from the on-chain analytics firm Santiment, the latest decline in the price doesn’t look to have triggered a severe reaction from the market yet. The relevant indicator here is the “supply on exchanges,” which measures the total amount of Bitcoin supply that’s currently being stored in the wallets of all…