UAE signs deal to develop carbon credit system on Venom Foundation blockchain
    08 Aug 2023
    905 Views

    The UAE recently announced that it intends to reduce carbon emissions by 40% by 2030, a marked increase over its previous pledge. The United Arab Emirates Ministry of Climate Change and Environment (MCCE) is developing a carbon credit system in a preliminary partnership with the Industrial Innovation Group and the Venom Foundation. Blockchain technology is utilized…

    Decentralized asset management system launches for Arbitrum, Optimism
    08 Aug 2023
    403 Views

    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
    08 Aug 2023
    2,619 Views

    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
    07 Aug 2023
    443 Views

    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
    07 Aug 2023
    2,669 Views

    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
    07 Aug 2023
    459 Views

    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…