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Elixir Launches Decentralized Synthetic Dollar as Rival to Ethena Labs' USDe

Elixir Launches Decentralized Synthetic Dollar as Rival to Ethena Labs’ USDe

The Elixir team has introduced a “fully decentralized synthetic dollar” called deUSD, positioning it as a competitor to Ethena Labs’ USDe, reports The Block. deUSD is designed to provide liquidity for order book-based decentralized exchanges (DEX). Operating within the DeFi ecosystem, USDe relies on interactions with centralized exchanges and custodians. Like Ethena Labs’ stablecoin, deUSD […]

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Bitwise CIO: Political Stance on Cryptocurrency Is Irrelevant

Bitwise CIO: Political Stance on Cryptocurrency Is Irrelevant

Upon returning from the Bitcoin 2024 conference, Bitwise’s Chief Investment Officer Matt Hougan concluded that the crypto industry is “not optimistic enough.” Several recent promises made by American politicians at the event prompted him to “rethink the possibilities” of Bitcoin. Hougan highlighted several key points from the conference: Presidential candidate Donald Trump announced plans to […]

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Google Introduces New Open AI Models

Google Introduces New Open AI Models

Google Corporation has released three new open-source generative artificial intelligence models, positioning them as “safer, more compact, and transparent” compared to others. Gemma 2 2B — a model version with 2 billion parameters, featuring security enhancements and offering a “balance of performance and efficiency”; ShieldGemma — a set of neural networks based on Gemma 2 […]

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YellowChanger Reduces Cryptocurrency Exchange Time to Five Minutes

YellowChanger Reduces Cryptocurrency Exchange Time to Five Minutes

The cryptocurrency exchange service YellowChanger has announced a reduction in swap times to five minutes, as reported to ForkLog by representatives of the project.

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Russian Federation Council Committee Endorses Cryptocurrency Mining and Regulatory Sandbox Laws

Russian Federation Council Committee Endorses Cryptocurrency Mining and Regulatory Sandbox Laws

The Federation Council Committee on Budget and Financial Markets has recommended that the upper house of parliament approve laws regulating cryptocurrency mining and permitting experimental legal regimes (ELR) in the financial market, according to TASS. The mining law proposes the creation of a registry for legal entities and individual entrepreneurs engaged in the sector. The […]

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Bitcoin's Resilience Forecast Amid Rising Hashrate

Bitcoin’s Resilience Forecast Amid Rising Hashrate

The surge in Bitcoin’s hashrate to record levels is expected to contribute to the stability of its price, according to CryptoQuant. “The metric’s drop from its historical maximum is only 3% compared to 8% as of July 9, and the recovery of the hashrate is usually associated with a sustained rally,” explained the specialists. Data: […]

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Donald Trump Launches Pre-Order for Bitcoin-Themed Sneakers

Donald Trump Launches Pre-Order for Bitcoin-Themed Sneakers

Former US President and current presidential candidate Donald Trump has unveiled a limited edition collection of sneakers featuring the Bitcoin logo. Source: Trump Sneakers. “Buy your Bitcoin sneakers now. This is a limited edition, they are numbered, and you can now pay for them with BTC or your favorite cryptocurrency,” wrote the politician on his […]

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Should we burn the bridges?

Should we burn the bridges?

How has the economics of cross-chain bridges changed of late, and what has broadened their functionality? Web3 entrepreneur Vladimir Menaskop shares with ForkLog readers the findings of a large study of more than 50 projects and sets out the authors’ preliminary conclusions. From the author ForkLog has revisited this topic in surveys, features and podcasts. […]

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Meta's Metaverse Losses Surpass $50 Billion

Meta’s Metaverse Losses Surpass $50 Billion

In its second-quarter report, Meta disclosed a $4.48 billion loss for its metaverse division, Reality Labs. The cumulative losses of the division since the end of 2020 are estimated to exceed $50 billion, including: 2020 — over $6 billion; 2021 — $10 billion; 2022 — $13 billion; 2023 — $16 billion. “A few years ago, […]

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Tether's Net Profit Reaches $5.2 Billion in First Half of 2024

Tether’s Net Profit Reaches $5.2 Billion in First Half of 2024

The company behind the USDT stablecoin, Tether, reported a record net profit of $5.2 billion for the period from January to June. According to the report, operating profit amounted to approximately $1.3 billion, primarily from interest income on US Treasury bills. Direct investments in these instruments exceeded $80.9 billion, and including cash and other equivalents, […]

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Telegram Unveils Web3 Browser, App Store, and Currency Gifting Feature

Telegram Unveils Web3 Browser, App Store, and Currency Gifting Feature

On July 31, Telegram developers introduced new features in the messenger, including a browser supporting Web3 sites based on TON and a mini-app store. The browser pages can be minimized, allowing users to quickly switch between chat messages, sites in quick view mode, and applications. Bookmarks have been added for saving favorite materials. The “Apps” […]

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Nansen CEO Launches Meme Token with Market Cap Surpassing $1 Million

Nansen CEO Launches Meme Token with Market Cap Surpassing $1 Million

Alex Svanevik, CEO of Nansen, has launched a meme coin named IQ on the Solana blockchain via the MakeNowMeme platform. $IQ @makenowmeme pic.twitter.com/lYXHfB8iEQ — Alex Svanevik ? (@ASvanevik) July 31, 2024 “Testing some technology developed by a friend,” he added. MakeNowMeme allows users to create meme tokens through a post on X. Users simply need […]

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