Crypto news

Read about five under-the-radar protocols that are expected to change the onchain game. DeFi continues to defy expectations while refusing to be written off. In 2023 the decentralized finance sector has spawned new use cases while entering new ecosystems and chains. The sort of primitives that emerged in the early 2020s, for lending, borrowing, trading, and yield generation, have undergone a makeover. The “swap token A for token B through a single liquidity pool” model popularized by...

d-Matrix’s innovative chip designs have been gaining recognition, particularly for their effectiveness in powering generative AI applications like ChatGPT. d-Matrix, a rising star in the artificial intelligence (AI) chip industry, has successfully secured a significant $110 million in a series B funding round, with substantial support from heavyweight investors, including tech giant Microsoft Corp. This latest funding achievement comes at a time when many chip companies are grappling with...

Several residents of El Salvador are now completing a free-of-charge training program called Cubo+ designed to ensure they have all the bitcoin knowledge they need to handle future transactions and what will likely be the way their nation does payments and transactions from here on out. El Salvador Unveils Cubo+ BTC Program El Salvador is a revolutionary country in that it was the first to declare bitcoin legal tender in September of 2021. Up until that point,...

Inaugural Cohort of Seven Visionary Projects Embarks on a Journey of Growth and Innovation Dubai, United Arab Emirates, September 06, 2023 – The Web3 landscape is about to witness a wave of transformative innovation as Reef Labs proudly announces the commencement of its highly anticipated $10 Million Accelerator Program Cohort 1. The Accelerator Program, spearheaded by Reef Labs, is designed to empower and foster the growth of Middle Eastern Web3 projects on the...

Bitcoin mining company Marathon Digital Holdings announced producing 1,072 BTC in August, which represented a drop of 9% from the previous month due to extreme weather conditions in Texas. Despite the decrease in Bitcoin production, the figure is still five times more than in August of last year. Marathon’s Bitcoin Production: August Edition In its unaudited BTC production and miner installation updates for the month of August, Marathon Digital cited increased curtailment...

One of the biggest and longest running blockchain events in the world, the World Blockchain Summit, took place last month in the Asian country of Singapore. It was presented by NORDEK, a leading web3 gaming solution and payment network that recently created its own Singapore-based digital currency exchange called Coin Store. The World Blockchain Summit was This Year’s Hit The World Blockchain Summit seeks to give all newcomers to the blockchain arena a chance to...

Binance will be removing several spot trading pairs in an effort to maintain a high-quality trading market and protect its users. This decision was made following periodic reviews of all listed spot trading pairs, considering liquidity and trading volume factors. Binance has announced that from Sept. 8, it will stop trading on various spot trading pairs. The first removal will include AUDIO/BUSD, BAT/BUSD, BSW/BUSD, CITY/BUSD, CVX/BUSD, FORTH/BUSD, JUV/BUSD, and MOB/BUSD....

Under India’s Group of 20 (G20) presidency, the country is finally gearing up to provide the much-anticipated clarity around crypto regulation. As India prepares to preside over the upcoming G20 summit for the first time, the regulation of cryptocurrencies is poised to be a significant focal point. Ahead of the gathering of the world’s most influential nations scheduled for later this week, India’s Minister of Finance, Nirmala Sitharaman, confirmed that discussions are in...

In addition to the failed Lend program, Coinbase has attempted other lending services in the past. Coinbase has announced that it is working on a crypto lending service for institutional clients in the United States. A September 1 filing with the US Securities and Exchange Commission (SEC) shows that the company has already raised $57 million to go towards the project. The service would help fill the hole left in the market after the implosion of major crypto lenders like Genesis and...

MetaMask introduces the “fiat-off-ramp” feature on the platform by allowing users to convert their ETH holdings to fiat currency. On Tuesday, September 5, the popular cryptocurrency wallet MetaMask announced that it had launched a new feature that would allow users to sell ETH for fiat currency. In a post on X (formerly Twitter) on September 5, MetaMask announced that users with crypto wallets connected to the Portfolio decentralized application could now convert their Ether (ETH)...