Decentralized prediction markets are gaining recognition as an innovative aspect of the broader cryptocurrency and blockchain ecosystem, but their adoption remains limited in many regions, including Africa. Despite this, there is a growing sentiment among crypto stakeholders that Africa holds significant potential for the success of these markets, with a rapidly expanding cryptocurrency market, increasing…

The Federal Reserve Bank of New York has released a report on the effect of sanctions on Tornado Cash, the crypto mixer blocklisted by the United States Treasury Department in 2022. Sanctions work, by and large, even in decentralized finance, the report concluded. The report’s findings also apply to Ethereum. The Ethereum network’s resistance to…

Stablecoin USDe has launched on the Solana network, according to an Aug. 7 announcement from its developer, Ethena Labs. Borrowers will be able to use Solana as collateral for USDe loans as soon as Ethena (ENA) token holders approve their use. USDe is also integrated with several Solana apps, including KaminoFinance, Orca, Drift, and Jito. USDe…