Remittances are one of the most compelling use cases for stablecoins, offering fast, non-stop settlements and cheap transactions using blockchains as payment rail. Source
Disembarking the Liberty houseboat moored off the frontier of the European Union, we’re met by a pair of Serbian police officers, their lit squad car nearly blinding us in the dark forest. “How many people are staying on the boat?” one asks, holding a large dog at bay. “I really don’t recall,” says my colleague from Reuters. Fortunately, they let us go. We must run, using phone lights to navigate the muddy path to the rally point a bit further in Croatia, in hopes that the departing presidential convoy has…
Generative art is proving Web3’s creative anchor in the traditional art world. Last month, New York’s Museum of Modern Art (MoMA) made headlines by acquiring Refik Anadol’s “Unsupervised — Machine Hallucinations” (2022) alongside an edition from last year’s “3FACE” project by Ian Cheng. These two mark the first-ever artificial intelligence (AI) and nonfungible token (NFT) additions to MoMA’s collection, already home to relics such as Andy Warhol’s soup cans and Vincent Van Gogh’s “Starry Night.” The landmark acquisitions also supplement MoMA’s longtime legacy of pioneering exhibitions at the intersection of…
Lido DAO has grown over the years to become the leading liquid staking protocol on the Ethereum network and its native LDO token has enjoyed tremendous success on the back of this. The protocol’s continuous growth has been purported to be what will push LDO to new all-time highs and one crypto analyst has revealed how high the token’s price could go. Lido DAO To Beat Previous $7.22 All-Time High Back in the bull run of 2020-2021, the price of Lido DAO’s native LDO token soared with the rest of…
“There’s that ethos in Web3 about decentralization being a core value,” Thomas Hay, the lead product manager for Infura, told CoinDesk. “We know there are advantages to a centralized service in terms of the ease of use and the ability to get up and running, but moving in the direction of being a decentralized service allows some really interesting things to get done.” Source
Microsoft, Tencent and 16 other Web2 giants have partnered with Consensys on its mission to decentralize the Infura network — the key point of access to Ethereum for much of the decentralized finance (DeFi) sector. The partnerships aim to increase decentralization on the Infura network — key to preventing outages of the Web3 services that leverage it, including the wallet service MetaMask. Speaking to Cointelegraph, DIN senior product manager Andrew Breslin said the significance of the partnerships was less about “who they were” and more about the big-name firms aligning…
OpenAI, the company behind the popular artificial intelligence (AI) chatbot ChatGPT, said it has put new sign-ups on hold for the premium version of the AI tool, ChatGPT Plus, due to a high surge in usage after DevDay. The company’s CEO, Sam Altman, made the announcement via a post on X (formerly Twitter) on Wednesday, Nov. 15. According to Altman, new sign-ups are paused because the platform has exceeded its capacity, affecting users’ quality of experience. Atman said ChatGPT Plus has seen a surge in usage since OpenAI’s DevDay, where it announced some…
Marathon, the world’s largest Bitcoin mining firm boasting a hash rate of 19.2 EH/s, is now focusing on international joint ventures for future growth. On Nov. 14, Bitcoin (BTC) mining expert Jaran Mellerud shared Marathon’s operations report, highlighting the company’s preparations for the upcoming Bitcoin halving, set to occur in less than six months. Marathon just revealed the state of its operations in its latest quarterly report. How prepared is this mega miner for the #bitcoin halving? Find out in this thread, and don’t forget to read the entire article…
Bitcoin (BTC) recently surged above $37,000 between Nov. 10 and 12, only to falter and undergo a correction toward $35,000 on Nov. 13. This abrupt movement triggered the liquidation of $121 million worth of long futures contracts, and while Bitcoin’s price stabilized around $35,800 on Nov. 14, investors are left pondering the underlying factors behind this downturn. Bitcoin 12-hour price index, USD. Source: TradingView U.S. inflation, gov’t shutdown impact on BTC price Part of the catalyst behind this movement was the unexpected softening of United States inflation data on Nov.…
Web3, blockchain, crypto and mass adoption were major buzzwords in 2021 and 2022, but the public interest in the terms fell to the wayside over the last year as media headlines narrowed their focus to the now defunct FTX exchange and the trial of its founder, Sam Bankman-Fried. Fast forward to the present, and media headlines are focused on the handful of pending spot Bitcoin ETF applications, Bitcoin’s (BTC) more than 100% year-to-date gain and there is a bit of a revival happening in the NFT markets. Perhaps, Web3 is…