Avalanche Rush plans to bring a blue-chip DeFi app to Avalanche. It is planning to launch two protocols- Curve and Aave. The Avalanche Foundation has recently announced a $180 liquidity mining incentive called Avalanche Rush. In addition, it is planning to introduce additional assets and applications for the growth of its DeFi ecosystem. Avalanche Rush […]
Metaverse Technology: A New Iteration of Internet
The sudden hype of the Metaverse reflects on our desire to live a separate life on the internet, where we can go about our daily lives and routines in the way we want without judgment, while also showcasing other network users our NFT collections, our property, our clothes, avatars, and many other collectibles. The Metaverse […]
Top-five UK university joins Hedera governing council
Hedera Hashgraph has officially announced the London School of Economics and Political Science as their latest governing council member in a collective bid to promote social good. The London School of Economics and Political Science (LSE) have officially joined Hedera Hashgraph’s panoply of 39 global governing council members, confirming their place as the second academic […]
Nvidia fails to sell as many crypto-mining GPUs as expected in Q2
The company expects a minimal contribution from its cryptocurrency mining processor sales going forward. Nvidia beat the expectations by generating over $6.5 billion in revenue, but the chip manufacturer missed the target for its crypto-mining GPU line. The California-based tech giant announced its financial results for its second fiscal quarter ended Aug. 1, 2021. Key […]
Thailand’s central bank outlines safeguards for a future retail CBDC
The results of a new study from the Bank of Thailand point to three key considerations for making sure a retail central bank digital currency doesn’t adversely impact financial stability. The Bank of Thailand has published the results of a new study into how to manage the implications of issuing a retail central bank digital […]
Nigerian Central Bank Freezes Bank Accounts of Fintech Firms, Accuses Them of Violating Forex Regulations
The Central Bank of Nigeria (CBN) reportedly frozen bank accounts belonging to four fintech firms for up to 180 days after a Federal High Court in Abuja acceded to an “ex parte motion.” The ex parte motion, which is a form of temporary suspension, was granted after a Nigerian chief, Micheal Kaase Aondoakaa, filed the […]
UWM Holdings Corp Plans to Accept Crypto for Mortgage Payment this Year
MI. UWM Holdings Corp, a large-scale wholesale mortgage lender in the United States, said it plans to accept cryptocurrency to satisfy mortgage payment this year. (Read More)
Coinbase Lands in Japan, Pairing with Mitsubishi UFJ Financial Group to Expand Crypto Trading
US cryptocurrency exchange Coinbase announced partnered with Japan’s largest bank Mitsubishi UFJ Financial Group (MUFG), to expand cryptocurrency trading in Japan. (Read More)
Popcorn: Bringing Altruism to Global DeFi Development
Popcorn’s non-profit strategy embodies its mantra: Do Well. Do Good The platform is working on a DeFi for Everyone project that provides value for everyone. The basics of blockchain are in place, but the global development community needs to work on numerous aspects of the technology. Popcorn is one of the most forward-thinking development teams […]
Robinhood Doubles Down On Crypto: 41% of Revenue Coming From Crypto Trading
Robinhood’s Q2 financial results have been published and they show that 41% of the app’s revenue comes from crypto trading. Now, the company is doubling down on crypto. While Robinhood generated only $5 million in revenue from crypto trading during the entirety of 2020, this number increased to $233 million for the second quarter of […]