Sanctions are reshaping Yemen’s financial map—one block at a time. Decentralized finance (DeFi), often dismissed as niche software in wealthier markets, is emerging as a survival tool on the Arabian Peninsula, where U.S. restrictions have unplugged large swaths of the traditional banking grid. The latest blow landed on April 17, when Washington blacklisted the International Bank […]
Yemen Turns to DeFi Under Sanctions Read More »
Wyoming has announced plans to launch its WYST stablecoin this July, signaling a turning point for U.S. states interested in tokenizing their treasury holdings. LayerZero, an interoperability protocol, will handle the stablecoin’s issuance. The project aims to back WYST with cash, U.S. Treasury bonds, and repurchase agreements, ensuring a strong 102% reserve requirement. The goal
Wyoming Has Announced Plans To Launch Its Stablecoin Read More »
Interest in Solana’s memecoin-driven surge has sharply declined, causing network revenue and total value locked (TVL) to plummet over the past two months. Solana’s weekly network revenue hit a record $55.3 million in mid-January, fueled by a memecoin minting frenzy. However, since then, revenue has collapsed by 93% to just $4 million last week, marking
Solana Revenue and TVL Plunge as Memecoin Mania Fades Read More »
The Core Foundation introduced LstBTC on Thursday, an innovative ERC-20 liquid staking token that is pegged 1:1 with Bitcoin (BTC). This new token is designed to resolve a common issue for Bitcoin holders: the need to choose between earning staking rewards and maintaining liquidity for other uses. Dual Benefits: Staking Rewards and Liquidity LstBTC allows
LstBTC Liquid Staking: Revolutionizing Bitcoin Utility in DeFi Read More »
Ethereum founder Vitalik Buterin has recently voiced critical opinions about decentralized finance (DeFi). Sparking debate within the Ethereum community and beyond. His commentary reflects a nuanced perspective on the applications and sustainability of DeFi projects built on Ethereum. What made Vitalik Buterin Critique DeFi? Buterin’s Perspective on DeFi In a recent discussion on Twitter, Buterin
Vitalik Buterin DeFi critique: A Call for Sustainable Practices Read More »
In response to escalating concerns over DeFi security, QuickSwap has embraced Team Finance’s Liquidity Locker to fortify its platform against potential financial malpractices such as rug pulls. This significant move in July 2024 has reinforced the security framework on the Polygon PoS network, ensuring a more secure trading environment for its users. Understanding the Liquidity
QuickSwap’s Leap: Liquidity Locker Boosts Security Read More »
The Canto blockchain experienced a significant network disruption starting on Saturday due to a consensus issue, leading to a temporary halt of all activities on the platform. This incident has triggered a notable decline in the value of its native token, CANTO, which initially dropped by 21% but later saw some recovery over the weekend.
Canto Blockchain Consensus Issue Leads to Network Outage Read More »
In a significant development in the cryptocurrency world, a group of developers is poised to launch the OP_NET testnet, a project that aims to integrate the elusive programmable features of DeFi into the Bitcoin blockchain. Leveraging Bitcoin’s Taproot Upgrade OP_NET harnesses the Tapscript component of Bitcoin’s Taproot upgrade. Which has already facilitated innovations like Ordinals
OP_NET Set to Introduce DeFi into Bitcoin Blockchain Read More »
Bitcoin (BTC) $ 113,837.00 0.95%
Ethereum (ETH) $ 4,222.02 0.28%
XRP (XRP) $ 2.90 3.41%
Tether (USDT) $ 0.999975 0.04%
BNB (BNB) $ 834.03 0.54%
Solana (SOL) $ 181.49 0.97%
USDC (USDC) $ 0.999802 0%
Lido Staked Ether (STETH) $ 4,214.63 0.15%
TRON (TRX) $ 0.349575 0.39%
Dogecoin (DOGE) $ 0.214377 0.98%