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The Credit DeFi Alliance (CreDA) is a platform that opens up a new age of DeFi-based loans by offering what the industry lacks till now: trusted credit scores. CreDA achieves this by using AI to analyse an individual's financial standing and behaviour within the crypto space, through the
ConstitutionDAO, a decentralized autonomous organization that was gunning for the US Constitution, will be calling it quits after failing to purchase a rare copy of the document at Sotheby’s auction house last week. Despite failing to fulfill its primary mission, organizers believe that the DAO “still made history” in
According to the International Monetary Fund (IMF), El Salvador could be on a path to financial instability following its decision to make Bitcoin legal tender. Although the IMF acknowledge that Bitcoin and other digital assets could facilitate efficient payments, it warned that making them a legal tender could disrupt the
Taking a cue from China, Norway may be the next country to hit hard on Bitcoin mining operations. The Scandinavian country has expressed its concerns over the potential environmental impact of crypto mining activities. According to a report by Euronews Next, Norway, which became one of the top destinations for
John Collison, the co-founder of Stripe, has hinted that his company may resume accepting crypto as a payment option after suspending Bitcoin support in 2018. While speaking at the Fintech Abu Dhabi festival on Tuesday, Collison suggested that cryptocurrency payments were not out of the question for the financial services
The value of HNC Coin, the first crypto from Greece, has plummeted by over 90% since its all-time high value in June. Reports claim that its chief exec Vangelis Tsapas has left town with his loot. Over the past month, HNC Coin plunged by 75%. However, Tsapas claims he left
Following regulatory discussions in India on a possible crypto ban, traders are panic selling on major crypto exchange WazirX. This has caused a drastic price drop for leading cryptocurrencies, including Bitcoin (BTC) and Ether (ETH). The price of leading cryptocurrencies on the Indian crypto exchange crashed right after parliament announced
Australian pension fund Rest Super is looking to invest in the cryptocurrency industry. Speaking at its annual general meeting, the CIO of the $66-billion fund disclosed that the firm was seeking ways to redistribute some of its assets into the digital assets market, Business Insider reports. The move could position
News
CreDA (Credit DeFi Alliance), launches the world’s first decentralized credit service to improve the savings and loans system in crypto. The platform will use artificial intelligence (AI) systems to provide credit ratings using on-chain and traditional financial data. Decentralized credit service startup, CreDA, officially announced the launch of its
Houston-based tech company Lancium has raised $150 million to expand its renewable energy-run Bitcoin mining business model across Texas. The firm is looking to spend the money on a Bitcoin mine with a capacity of over 2,000 megawatts (MW) in 2022. The funding round was led by clean energy
The total value locked (TVL) on Ethereum layer 2 protocols has soared to a new all-time high of $6.59 billion. The demand for layer 2 (L2) protocols has continued to grow amid Ethereum’s high gas fees. According to L2 analytics platform L2beat, the TVL locked across various L2
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Nov 24th, 2021 – BOSAGORA signed an agreement for strategic affiliation. Standard Protocol, a stablecoin protocol. BOSAGORA, a public blockchain platform specialized in metaverse ecosystem, is fast expanding the metaverse ecosystem through MetaCity Forum for which it serves as a permanent chair. Members of the forum include Aiitone, Uracle, BRI(Blockchain
Earlier this week, Australian politician Senator Jane Hume expressed her confidence in the future of decentralized finance (DeFi). According to her, the sector “presents huge opportunities” for Australia to become a “front-runner for innovation and economic progress.” The Liberal Party Senator voiced her optimism during the Australian Financial Review Super
The CEO of Singapore-based hedge fund Three Arrows Capital Ltd, Su Zhu, is abandoning the Ethereum network due to its high transaction fees. Zhu voiced his frustration in a series of tweets on Sunday, confirming that he had “abandoned Ethereum despite supporting it in the past.” According to the 34-year-old
Opinions
The non-fungible token (NFT) marketplace is rapidly growing as athletes, celebrities and billionaires gradually get their hands on these rare and unique digital assets. According to Dune Analytics, Opensea marketplace has already completed $1.65 billion in sales so far in November, showing a great demand from investors. Nonetheless, the
Opinions
The crypto industry has been offering methods of earning a profit ever since Bitcoin trading first started over a decade ago. However, trading carries risk, and crypto volatility is certainly not helping matters either. Of course, it can be very useful if you know how to use it, but it