The proposals, which aim to disable CRV borrowing and decrease Aave’s exposure to Curve’s native token on its Ethereum V2 markets, are responses to the liquidation pressure faced by Curved founder Michael Egorov. Source
Looking at the price action since April, and in particular since mid-June, there’s been a noticeable abruptness of reversals any time bitcoin has attempted a breakout above $30,000. The most dramatic occasion came on July 13 when the cryptocurrency surged to a one-year high above $31,800 following a favorable court ruling for XRP in its case with the U.S. Securities and Exchange Commission (SEC). Within hours, bitcoin had given up not just the $31,000, but also the $30,000 level, and within days had even dipped below $29,000. Original
Stablecoin issuer Circle has a $1 billion cash reserve pegged as insurance against a declining market capitalization and fresh competition from the traditional finance and technology industries, said CEO Jeremy Allaire. In an interview with Bloomberg, Allaire revealed the war chest and shared his views on the uptick in competition from organizations such as PayPal that are new to the stablecoin space: “I expect you will see many many, not just internet payments firms, but also all kinds of financial services companies and others begin to get more involved in…
Unlike most crypto traders who speculate on price action, RFV traders attempt to collect paydays from crypto projects whose native tokens have fallen below “book value,” or the value of its treasury – as Aragon’s ANT has. A common tactic is to lobby for token buybacks and, in some cases, liquidations. Source
ZK proofs “scale blockchains by kind of doing the hard work off-chain, and only having the blockchain verify the proofs,” said Justin Thaler, an a16z researcher and associate professor at Georgetown University who co-authored the Lasso and Jolt research. With ZK proofs, “you can get a guarantee that this work was done correctly, but not have all the blockchain nodes in the world doing all the work.” Source AndreessenCryptoHorowitzJoltLassoProjectsResearchTechWades CryptoX Portal
On the back of Ripple’s partial win over the United States Securities and Exchange Commission (SEC), activity on the blockchain has ramped up quickly. This increase has now seen XRP beat out market leader Ethereum when it comes to the number of daily transactions carried out on the blockchain. Ripple Leading The Pack While the euphoria from Judge Analisa Torres’s ruling has been waning, there is still enough left to continue to drive new milestones on Ripple’s XRP Ledger. The most prominent of these has been the number of transactions…
There was a time when anything generated by ChatGPT was fascinating. To fathom that a super-intelligent robot was writing poetry, drafting legal documents or even acting as a personal life coach was mind-boggling. As if each prompt was a window into a kind of shared human consciousness. That was the novelty then, at least. But it’s been nine months since GPT-3 and almost five months since the launch of GPT-4. ChatGPT has become the go-to strategy for churning out useless content In May, a crypto firm shared a 10-minute video…
Fortunately, there is a potential fix here. The rise of blockchain technology is reshaping how many companies trade their financial assets. Blockchains allow existing real world assets (RWA) and capital to be “tokenized,” i.e., representing certain assets, be they tangible, intangible or financial, on-chain as digital tokens. Source
Hedera (HBAR), currently ranked as the 31st cryptocurrency asset in terms of market capitalization, has recently witnessed a remarkable surge in its price, captivating the attention of investors and enthusiasts alike. A surge in an asset’s social engagement often serves as a precursor to a rally in its price. In the case of HBAR, this correlation seems to be playing out vividly. As the cryptocurrency landscape continues to evolve, HBAR’s notable growth over the past few weeks has raised eyebrows and prompted discussions about its potential. Surge In Social Activity…
DCG called Gemini’s July complaint a continuation of a “public relations campaign” carried out by the exchange’s owners, Cameron and Tyler Winklevoss, and “an effort to deflect blame by contriving a public, Twitter-based character assassination campaign against Defendant DCG (Genesis’ indirect parent) and Silbert (DCG’s founder) — neither of whom operated, oversaw or had any substantive involvement with the Gemini Earn program.” Source