Decentralized asset management system launches for Arbitrum, Optimism

    Valio has launched publicly, allowing investors to back money managers through a decentralized process. Decentralized asset management platform Valio has launched publicly, according to an announcement from the platform’s team. The new protocol allows users to have their funds managed by professional traders but without having to trust these traders as custodians. The app’s launch…

    PayPal USD: Boon for Ethereum but not decentralization, says community

    Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed central bank digital currency. PayPal’s new Ethereum-based stablecoin, PYUSD, has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it…

    Controversy as MakerDAO’s Spark Protocol blocks users with VPNs

    Users attempting to access Spark Protocol with a virtual private network will not be able to, sparking criticism from supporters of privacy. MakerDAO, one of the early pioneers of decentralized finance, has sparked criticism over its decision to block virtual private network (VPN) users from accessing its recently launched lending platform, Spark Protocol. At the time…

    Tether unveils mining software to boost efficiency and capacity

    The recently introduced Tether BTC mining software’s primary aim is to enhance the efficient management of mining capacity. Tether developers are set to release innovative JavaScript libraries created to facilitate the transmission of commands and signals to Bitcoin mining hardware, including WhatsMiner, AvalonMiner and Antminer. In a post shared on X (formerly Twitter) by Paolo Ardoino, the chief technology…

    Bitcoin OG bets surprising sum on BTC hitting $100K before the halving

    Adam Back has joined a growing roster of market commentators who are bullish on the price of Bitcoin ahead of next year’s halving event. Blockstream CEO Adam Back, one of the crypto’s early pioneers, is pretty confident Bitcoin will hit an all-time high of over $100,000 before Bitcoin’s halving in 2024 — and is willing to…

    CBDC supporter likely in White House next term, crypto divide not red vs. blue: Grayscale

    The crypto asset manager looked at the leading U.S. presidential candidates’ positions and did not see a partisan divide. The next president of the United States is likely to favor a central bank digital currency (CBDC), crypto asset manager Grayscale stated in a post on its website, as the current frontrunners in both political parties…