Month: July 2024

DePIN Can Make Car Ownership Cool Again

DePIN could bring back that sense of personalization and community, but in a distinctly modern way. Imagine a world where your car has an on-chain digital twin, allowing you to customize its appearance, participate in virtual car shows or even race digital versions of your real-world vehicle. Your car becomes a key to a whole new ecosystem. This gamification of car ownership could extend to the real world, too. Blockchain-based systems could reward safe driving, optimal route-taking or real-world carbon offsets. Suddenly, your daily commute becomes a game, with valuable…

Hermetica Introduces Bitcoin-Backed Synthetic Dollar on Bitcoin L1

boss

Bitcoin-based decentralized finance (defi) protocol Hermetica has launched its BTC-backed synthetic dollar, USDH, on Bitcoin’s layer one (L1) through the Runes protocol. The company also announced plans to scale its Bitcoin-native defi operations using layer two (L2) solutions like Stacks. Hermetica Launches BTC-Backed Stablecoin USDH Hermetica‘s USDH offers Bitcoin holders a new way to maintain […] Original

Render tops hottest small/mid-cap cryptos of 2024: report

A CoinLedger report examined the top five most-bought small/mid-cap cryptocurrencies and the most sold digital assets this year.  2024 has ushered hundreds of billions of dollars into the cryptocurrency markets. Data shows that the digital asset industry has grown over 44% year-to-date (YTD) and has the potential to surpass the $3 trillion peak set in 2021.  A booming crypto market also means eager investors and traders hunting for profits in a fast-paced market. Big names like Bitcoin (BTC) and Ethereum (ETH) are ever the talk of the town, especially with…

In Crypto, ETF Stands for ‘Everything That Fits’

To be sure, the assets under management (AUM) attributable to IBIT, BlackRock’s Spot Bitcoin ETF, remains miniscule in the face of BlackRock’s total AUM (if you take out the AUM of IBIT – $18 billion – from BlackRock’s total AUM of $10.6 trillion, you’re still left with $10.6 trillion). Still, Fink’s comment further legitimizes bitcoin in the eyes of the Boomer financial advisors now that firms like BlackRock and Fidelity (still waiting on Vanguard) bless bitcoin as a legitimate asset with a place in portfolios. Source

Shiba Inu Prepares For Major Burn; Liquidity Breaks $800 Million

boss

Within the ever-evolving realm of cryptocurrencies, the liquidity of the Shiba Inu (SHIB) ecosystem is now soaring to an astounding 800 million. This spike highlights the active trading and increasing investor interest in the well-loved meme currency, paving the way for future price changes and tactical adjustments within the SHIB community. Related Reading Strategic Buying Ahead Of The Burn The Shiba Inu community is getting ready for a big token burn that the market is expecting to happen soon. In anticipation of the impending burn, which will take 250 million…

Detained Binance Exec Tigran Gambaryan Wheeled into Nigerian Court as Health Deteriorates

Gambaryan’s health has steadily deteriorated since he was detained in Nigeria in February. At first, Gambaryan was placed under home detention but was later transferred to the notoriously dangerous Kuje prison – which holds violent criminals including members of the Boko Haram terrorist group – after his colleague and fellow detainee, British-Kenyan citizen Nadeem Anjarwalla, escaped. Source