MakerDAO is thinking about a plan to increase the interest rate for holding Dai, known as the Dai savings rate (DSR). In the previous adjustment, the DSR was raised to 1%, which resulted in more than 35 million DAI being deposited within a month. Now, there is a new proposal under consideration to further increase…
Tornado Cash Token Holders Gain Control Back with Overwhelming Support for Proposal In a positive turn of events, the proposal to restore governance control to Tornado Cash token holders has received an impressive 517,000 votes in favor, with no opposing votes. This means that the individuals holding the governance tokens will soon be able to…
The upcoming Cardano Improvement Proposal (CIP-1694) is expected to bring significant changes to the platform. The final version of CIP-1694 is scheduled to be released in July of this year. Cardano’s founder, Charles Hoskinson, believes that the project’s decentralization will send a strong message to the cryptocurrency industry. In a recent update, he stated that…
Decentralized finance protocol DFLunc made significant progress this month by burning approximately 2.5 billion Terra Classic (LUNC) tokens. Now, the project has shifted its attention to the eagerly anticipated AI app chain called “Block Entropy,” developed by core developer Edward Kim. As part of this transition, the project has recently burned millions of LUNC tokens…
Over 1.7 million verified members of the Stargate community have voted in favor of a proposal. Stargate, a cross-chain bridge protocol called LayerZero, has taken action following a significant incident called “force majeure” that affected Multichain. The concerns mainly revolve around anyUSDC, which is the primary USDC asset on the Fantom network, and its stability….
Attorneys Discuss Possibility of Deaton Attending Ripple Hearing During a public discussion, lawyers Jeremy Hogan and John E Deaton engaged in a conversation about the potential scenario of Deaton disguising himself as Ripple lawyer Matthew Solomon to secretly attend the Ripple hearing. Hogan’s remark came after Deaton revealed that he had previously attended the SEC-LBRY…
Sei Network, a blockchain platform, has announced an upgrade to its Discord service. Users can now get Verified Seilor roles by verifying their identity through Humanode face verification. Sei Network, a popular blockchain platform, has completed an upgrade to its Discord service. The upgrade includes a new feature that enhances user verification and ensures a…
Fracton Protocol Introduces Revolutionary hiBAKC, Experiences Impressive Day One Performance. Fracton Protocol has a history of impressive accomplishments. As of now, hiBAKC is valued at $0.040088. Fracton Protocol Launches hiBAKC on KuCoin, Expanding hiNFT Token Collection. This groundbreaking development involves dividing the highly sought-after Bored Ape Kennel Club Collection into an ERC-20 Token, surpassing predictions…
The price of SingularityNet (AGIX) has gone up by 13.40% in the last 24 hours. Currently, AGIX is being traded at $0.2907. SingularityNet (AGIX), which is a type of alternative digital currency, is becoming increasingly popular in mainstream media while other leading cryptocurrencies experience limited trading. In the last 24 hours, AGIX has experienced a…
Ripple has recently purchased a portion of Bitstamp, although the exact amount remains undisclosed. According to Ripple President Monica Long, this acquisition will assist in expanding the company’s global reach and enable it to explore opportunities beyond just payment services. Ripple’s president, Monica Long, stated that acquiring a stake in the European cryptocurrency exchange Bitstamp…