Alternatives to Wrapped Bitcoin (WBTC) including tBTC have witnessed a recent surge in interest, following a weekend announcement that WBTC custodian BitGo will be forming a joint venture involving controversial figure Justin Sun. MakerDAO is already testing the waters for a removal of WBTC as a collateral asset for its DAI stablecoin, while tBTC provider…
On September 5, 2020, Chef Nomi, the pseudonymous creator of SushiSwap, shocked the community by removing his significant share of SUSHI/ETH liquidity and converting it to ETH. The action, commonly referred to as a “rug pull,” resulted in Chef Nomi gaining approximately $14 million worth of ETH – leaving the SushiSwap community disappointed and feeling…
Yield aggregator Yearn launched its new YFI governance token on July 17, 2020, along with several new liquidity pools. Excerpt from the YFI token blog post | Source: Medium.com/iearn/ Best-known at the time for its Y Curvepool, Yearn provided (and continues to provide) users with multiple ways to earn interest by contributing their capital to…
As seen with Maker and the surrounding liquidity crunch, liquidity is everything. Without it, systems crumble. As a result, we’ve seen the realized potential for permissionless DEXs like Kyber and Uniswap. The ability for anyone to tap into their respective liquidity pools has allowed for both exchanges to experience unparalleled growth in recent months as they both break new record volume amid the…
DeFi lending platform Compound raised $25 million in Series A funding on November 15, 2019, led by Andreessen Horowitz – one of the largest ever DeFi startup raises at the time. Andreessen Horowitz, also known as a16z, highlighted that they had been working with the Compound team for two years and had a strong belief…
Artificial intelligence research organization OpenAI has announced a collaboration with technology company Oracle to develop an additional 4.5 gigawatts of data center capacity in the United States as part of its Stargate AI infrastructure initiative. This development contributes to national efforts in technological advancement and industrial growth. The expanded partnership brings the total Stargate capacity…
Matchain, a leading Web3 identity and blockchain platform and Official Partner of Paris Saint-Germain (PSG), today announces the launch of MatchAI, the next-generation AI infrastructure layer developed in strategic collaboration with DataCurve, Inc., the AI company transforming fan intelligence across sports, media, and entertainment. MatchAI is a foundational intelligence layer that embeds DataCurve’s advanced FanZone…
Intuitive Surgical, a biotechnology company, demonstrated the emerging telesurgery capabilities of its da Vinci 5 robotic system during a presentation at the Society of Robotic Surgery (SRS) conference in Strasbourg, France. The demonstration involved two surgeons located over 4,000 miles apart, who collaborated through a dual-console da Vinci 5 platform to conduct a remote procedure…
Cryptocurrency exchange, Gate introduced AI Bot Pro, an AI-powered trading tool designed to surpass traditional quantitative bots. This new solution offers enhanced strategies, greater transparency, and customized features, aiming to help users navigate volatile markets and achieve consistent returns. Cryptocurrency markets are known for their fast fluctuations, which often result in emotionally driven investment decisions…
Cactus Custody, Asia’s leading compliant and licensed digital asset custodian under Matrixport Group, has partnered with global cryptocurrency exchange Bybit to integrate its off-exchange settlement solution, Cactus Oasis, into the Bybit platform. The integration is set to go live on July 28, enhancing asset security, capital efficiency, and risk management for institutional clients. Cactus Oasis…