Defi Giant Makerdao Rebrands as Sky, Introduces USDS Stablecoin and SKY Token
The decentralized finance (defi) lending platform Makerdao is embracing a new identity, rebranding as Sky, according to co-founder Rune Christensen. Along with the fresh name, the platform will introduce two new assets: a stablecoin dubbed USDS and a governance token named SKY, both slated for a mid-September launch. Sky Unveils USDS and SKY Tokens Amid […]
The Fed Under Fire: Elizabeth Warren Pushes for Unprecedented Rate Cut
As the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) gears up for its meeting on Sept. 18, anticipation is building for a rate cut. Market participants are placing their bets, with expectations leaning toward either a 25 basis points (bps) reduction or a 50bps cut. However, Massachusetts Senator Elizabeth Warren is urging the Fed […]
What Sets Utherverse Apart From Other Metaverse Offerings With Founder and CEO Brian Shuster
Utherverse has operated the most successful Metaverse platform in history, with more than 50 million uses worldwide since the launch of their first generation metaverse in 2004. They are now in Beta testing of their third commercial generation metaverse which is designed as a platform upon which anyone can easily create and operate a sophisticated […]
Centralized Exchanges See $26B in Bitcoin and Ethereum Outflows Since January
Over the past seven months, data from cryptoquant.com reveals a staggering $26 billion worth of bitcoin and ethereum has been pulled from centralized crypto exchanges. During the same period, trading platforms have seen an influx of $9.1 billion ERC20-based tethers since Jan. 1. Bitcoin and Ethereum Scarcity Grows as $26 Billion Leaves Centralized Exchange Bitcoin […]
New Crypto Launch to Watch: Base Dawgz Meme Coin Presale Ends in Days Over $3M Raised
Base Dawgz (DAWGZ) has got investors buzzing as it nears the end of its presale phase. With over $3 million in the bag and less than two days to go, DAWGZ is beginning to generate huge traction before its first DEX listing. Final Countdown for Base Dawgz Presale with DEX Listings on the Horizon Investors […]
US Bitcoin ETFs Surge by $202M While Ethereum ETFs Bleed $13M in Outflows
U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $202.51 million on Monday, marking the eighth consecutive day of gains. In contrast, spot ethereum ETFs experienced a loss of $13.23 million during the same trading session. Bitcoin ETFs Enjoy 8th Straight Day of Inflows With $202M Boost On Aug. 26, the 12 spot bitcoin ETFs […]
French Court Extends Telegram CEO Pavel Durov’s Police Custody
French prosecutors have announced that an investigative judge extended the police custody of Pavel Durov, CEO of Telegram, on Monday evening for up to 48 hours. After that, French authorities must either release or charge him. Durov was detained on Saturday at Le Bourget airport amid a judicial investigation launched last month concerning 12 alleged […]
Bank of Russia Eyes Stablecoins for Cross-Border Transactions
The Bank of Russia is exploring the use of stablecoins in cross-border transactions, considering them as digital financial assets (DFAs) under existing regulations if they have a responsible entity. The initiative may involve a limited group of qualified investors and would require testing for regulatory feasibility. Bank of Russia Explores Stablecoin Use for Cross-Border Transactions […]
DeepLink Protocol’s Strategic Vision: Redefining the Future of Cloud Gaming
The cloud gaming sector is undergoing a transformative evolution, reshaping how players interact with games. By eliminating the need for expensive hardware and local installations, cloud gaming is emerging as the industry’s new frontier. Advancements in cloud computing and 5G technology are driving this growth, with the global cloud gaming market projected to surge to […]
Thailand Extradites Malaysian Businessman to China Over $14 Billion Cryptocurrency Scam
Thailand has extradited Malaysian businessman Tedy Teow, also known as Zhang Yufa, to China over a massive cryptocurrency scam amounting to more than 100 billion yuan (US$14 billion). This marks the first extradition under the Thailand-China treaty since 1999. Teow, the founder of MBI Group, is accused of running a pyramid scheme that defrauded over […]
