Key Takeaways Polygon has announced its first fully Ethereum-compatible Layer 2 network, Polygon zkEVM. Polygon zkEVM will use Zero-Knowledge Rollups to offer lower transaction fees than Ethereum mainnet. The Layer 2 network will be compatible […]
Key Takeaways The U.S. central bank announced today that it was increasing the federal interest rates by 50 basis points. The decision brings rates to a range between 4.25% and 4.50%. Fed Chair Jerome Powell […]
Fitch downgraded the U.S. government’s credit rating Tuesday, citing the national debt and deteriorating politics. Bitcoin is already looking good this year with the NFTs. But this really puts the shine on BTC. One of […]
KPMG has released a report on Bitcoin and ESG (environment, social and governance) issues. The professional services firm, one of the world’s Big Four, found that Bitcoin “appears to provide a number of benefits across […]
The American gaming merchandise retailer – GameStop – announced it will remove its cryptocurrency wallets from the market as of November 1, 2023. The entity launched those features in the spring of last year, enabling […]
Kanis Saengchote, a researcher at Chulalongkorn University in Thailand, recently developed a framework for identifying and measuring systemic risk in decentralized finance (DeFi) institutions. The new protocol is called the Global Systematically Important Protocol (G-SIP), […]
The Curve Finance lending protocol has terminated governance token rewards for select liquidity pools affected by the July 30 Curve exploit and July 6 Multichain exploit, according to an Aug. 2 social media post from […]
Global investment in artificial intelligence could swell to $200 billion in less than two years, according to a new report by financial giant Goldman Sachs—growth that could boost the overall economy. “Generative AI has enormous […]
Aave, the governance token of the decentralized finance (DeFi) Aave protocol, experienced a 17% decline between July 30 and August 1, reaching the $62 level. While the $62 support has demonstrated its resilience, the current […]
The United States Department of Justice is reportedly considering charging cryptocurrency exchange Binance with fraud, but hesitating based on costs to consumers. According to an Aug. 2 Semafor report citing people familiar with the matter, […]