Category: Blockchain

Tether Advances Global Blockchain Ambitions with Uzbekistan Partnership

Tether partners with Uzbekistan’s NAPP to develop blockchain and peer-to-peer telecommunication, aiming to fuel innovation and economic growth. Tether Operations Limited has entered into a Memorandum of Understanding (MOU) with the Republic of Uzbekistan. The goal of this groundbreaking partnership is to develop advanced blockchain and peer-to-peer telecommunication infrastructures within the country. This joint endeavor is not only a testament to Tether’s international strategy of fostering resilient digital ecosystems but also positions Uzbekistan as a prospective global hub for blockchain and crypto innovations. A Synergistic Alliance for Economic Growth By…

What is Compass Mining? – Blockchain.News

Compass Mining has emerged as an innovative leader in the cryptocurrency mining service industry, enabling individuals and institutions to participate in Bitcoin mining without the complexity of managing hardware. The cryptocurrency industry has witnessed exponential growth over the past few years, with various sectors flourishing, including the pivotal sector of Bitcoin mining. Among the companies pioneering this space, Compass Mining has established itself as a critical service provider, offering solutions that democratize access to Bitcoin mining operations. This article delves into Compass Mining’s business model, its impact on the mining…

Injective (INJ) Becomes First Non-Ethereum Blockchain to Integrate Ethena’s USDe

thena, the prominent DeFi protocol with nearly $1 billion in TVL, expands its ecosystem by launching USDe and Ethena Shards exclusively on the Injective blockchain. Ethena, the decentralized finance (DeFi) protocol that has amassed nearly $1 billion in Total Value Locked (TVL) within a month, has announced its exclusive integration with Injective, a lightning-fast interoperable layer one blockchain. This collaboration marks Ethena’s first integration outside the Ethereum ecosystem, paving the way for Injective users and the wider IBC community to access USDe, Ethena’s synthetic dollar, and participate in the protocol’s…

What is Liquid Staking? – Blockchain.News

Liquid staking is revolutionizing the DeFi landscape by allowing users to stake their crypto assets while maintaining liquidity and earning rewards. This innovative approach is gaining traction in the crypto community. The world of decentralized finance (DeFi) is constantly evolving, and one of the most exciting developments in recent times is the emergence of liquid staking. This innovative concept combines the benefits of traditional staking with the flexibility and liquidity of DeFi, creating new opportunities for cryptocurrency holders to maximize their returns and participate in the growing ecosystem. Introduction to…

Sahara Secures $6M Seed Funding to Revolutionize Knowledge Sharing with AI and Blockchain

Sahara, a decentralized AI network, has raised $6 million in a seed funding round led by Polychain Capital to transform knowledge sharing and monetization using AI and blockchain technologies. Sahara, a decentralized AI network aiming to revolutionize the way knowledge is owned, shared, and monetized globally, has announced the successful completion of its $6 million seed funding round. The round was led by Polychain Capital, with participation from notable investors such as Samsung Next, Matrix Partners, Motherson Group, dao5, Geekcartel, Canonical Crypto, Nomad Capital, Dispersion Capital, Alumni Ventures, Tangent Ventures,…

Tether Unveils Recovery Tool for Enhanced Blockchain Stability and User Asset Protection

Tether introduces a robust blockchain recovery plan to secure USDT tokens and ensure uninterrupted access across multiple blockchains. Tether (USDT) has announced the implementation of a comprehensive blockchain recovery plan. This plan is designed to ensure uninterrupted accessibility of USDT tokens across several blockchains, safeguarding user assets against potential disruptions. Tether’s Proactive Approach to Blockchain Disruptions Tether, the world’s largest stablecoin by market capitalization, is a linchpin in the global cryptocurrency market and holds a vital position in emerging markets and developing countries. Recognizing its essential role in daily transactions…

Tether Launches Blockchain Recovery Tool As Stablecoin Circulation Hits Record $100 Billion

Tether Holdings’ USDT stablecoin token has reached a significant milestone by briefly surpassing $100 billion in circulation and market capitalization, making it the first stablecoin to reach this size. Tether’s USDT aims to maintain a one-to-one value with the US dollar and has experienced a circulation increase of over 9% since the beginning of the year, driven by the growing demand for Bitcoin (BTC), which is currently trading at its highest value in over two years of $66,000.  USDT Market Share Hits 70%, Exceeding $100 Billion In Circulation CoinGecko data…

Digital Asset Markets Display Robust Momentum and Heightened Activity – Blockchain News, Opinion, TV and Jobs

Bitcoin (BTC) wrapped up the week at approximately $63,100, marking a notable 22% surge from the previous week’s closing price of around $51,725. The week witnessed vigorous price action, particularly in the first half, as BTC experienced a substantial appreciation from Monday to Wednesday, peaking at $64,000 on Wednesday. Subsequently, the price stabilized in the latter half of the week, closing at about $63,100. As of the time of this writing, BTC has regained momentum and is currently trading above $65,000. The BTC Spot ETFs continue to exhibit strong momentum,…

What is Genie AI? – Blockchain.News

Genie AI stands at the forefront of artificial intelligence, integrating advanced chatbot capabilities with OpenAI’s ChatGPT and GPT-4, offering users a versatile digital assistant. Introduction to Genie AI Genie AI is an avant-garde AI chatbot that harnesses the capabilities of OpenAI’s ChatGPT and GPT-4, offering a plethora of functionalities, from generating creative content to providing expert advice across various domains. The service, provided by AppNation, is redefining user interaction with AI, making it more accessible and functional for everyday tasks and professional assistance. Innovative Features of Genie AI Genie AI…