Maker, one of the pioneering DeFi lending platforms on Ethereum, has recently undergone a rebranding to “Sky” alongside significant upgrades to its decentralized stablecoin ecosystem. This rebranding includes renaming its stablecoin from DAI to USDS and its governance token from MKR to SKY. Additionally, users can now access the upgraded SKY token by supplying USDS
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The US government has responded to former FTX executive Ryan Salame’s attempt to void his guilty plea, asserting that his claims of false promises from prosecutors are unfounded. The US Attorney’s Office has stated that Salame’s allegations are “demonstrably false” and have emphasized that the charges against Salame’s partner, Michelle Bond, are separate and ongoing.
As the cryptocurrency market grapples with uncertain price movements and lack of clear direction, the Ethereum (ETH) network is on the brink of a major transformation with the upcoming Pectra upgrade scheduled for the first quarter of 2025. This upgrade has garnered significant attention from bullish analysts who believe it could be the driving force
Being immersed in the world of cryptocurrency can be both exhilarating and challenging. It requires dedication, passion, and a thirst for knowledge in order to navigate the complexities of blockchain technology and the ever-changing landscape of digital assets. One individual who has embraced this challenge wholeheartedly is Opeyemi, a writer and enthusiast in the cryptocurrency
Shibarium, a layer-2 blockchain solution developed on the Ethereum network, has made significant strides in the past year. The platform, dedicated to supporting the growth of the Shiba Inu ecosystem, has implemented various upgrades and enhancements to improve network performance and scalability. Since its inception, Shibarium has processed over 418 million transactions, reaching a significant
Recent reports from Coinbase suggest that young, pro-crypto voters could play a significant role in determining the outcome of the 2024 US presidential elections. With Gen Z and Millennials now representing 40% of the electorate, their increasing support for candidates who advocate for crypto and financial innovation is becoming more apparent. The dissatisfaction with the
Recently, Ripple made headlines by announcing its plans to launch a stablecoin named Ripple USD (RLUSD) on both the XRP Ledger and Ethereum platforms. This move is intended to bridge the gap between the cryptocurrency industry and traditional finance, according to Ripple’s CEO Brad Garlinghouse. In a recent development, Ripple minted the first batch of
The Indian government is gearing up to implement comprehensive regulations for the cryptocurrency sector, as reported by local media on August 22. This move signifies a significant step towards establishing a regulatory framework for digital currencies in the country. The upcoming plan involves releasing a consultation paper in the coming weeks to gather feedback from
Semilore Faleti is a leading cryptocurrency writer with a focus on journalism and content creation. His expertise lies in unraveling the complexities of blockchains and cryptocurrency, making him a valuable asset in the rapidly evolving digital asset space. Over the years, Semilore has established himself as a trusted source of information for both newbies and
German authorities recently carried out a coordinated nationwide operation aimed at curbing unlicensed activities within the country’s rapidly expanding crypto market. The operation, spearheaded by the Federal Financial Supervisory Authority (BaFin), resulted in the confiscation of $28 million in cash and 13 crypto ATMs. This action underscores Germany’s commitment to mitigating the risks associated with