Aptos token rises 11.6% after Microsoft deal to marry AI with blockchain

    APT pumped 17.6% within the first 50 minutes before cooling off to $7.51 — still 11.6% above pre-announcement levels. Aptos, the cryptocurrency powering layer-1 blockchain Aptos Network, is up approximately 11.6% since announcing it will leverage Microsoft’s suite of artificial intelligence tools to advance Web3 adoption among banks and financial enterprises. This will be achieved…

    UAE signs deal to develop carbon credit system on Venom Foundation blockchain

    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

    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…

    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…

    Alchemix reports return of all stolen funds from Curve pools

    The attacker started returning stolen funds after accepting nearly $7 million in bug bounty. Funds had been returned to Alchemix and JPEGd. Lending platform Alchemix has announced the return of all stolen funds by the Curve finance hacker. The attack took place on July 30 and resulted in over $61 million in cryptocurrencies drained, including…

    Korean superconductor LK-99 joins memecoin craze

    The world’s supposed first room-temperature ambient pressure superconductor already has a memecoin. Last month, a team of South Korean scientists claimed to have engineered a superconducting material, dubbed LK-99, that works under ambient temperature and pressure. In layman’s terms, the team allegedly created a material allowing electrical currents to flow without resistance or energy loss. Previously, such…