Author: RedWave Media
Maker Protocol rebrands to Sky and renames the Dai stablecoin to Sky Dollar (USDS). MKR governance token upgrades to Sky (SKY) with a 1:24,000 conversion ratio. Maker SubDAO rebrands to Sky Stars and Spark becomes the first live subDAO. In a significant move to make decentralized finance (DeFi) more accessible, Maker Protocol has rebranded to Sky and announced new identities for its stablecoin and governance token. The Dai stablecoin, widely regarded as the largest decentralized stablecoin, has been renamed USDS, and along with this, its governance token has been upgraded from Maker (MKR) to Sky (SKY), marking a pivotal moment…
Founded in 2022 as a spin-off from SwissBorg, XBorg is focused on revolutionizing the gaming industry through its player ID protocol that enhances online experiences by enabling data ownership.In this interview, Connor Kirsten, Head of Growth and Marketing at XBorg, elaborates on the challenges surrounding the token's 2024 launch, attributing the poor performance to market saturation and the negative impact of overvalued projects. He highlights that high valuations and declining circulation are scaring off new buyers, causing prolonged selling pressure and a gradual decline in prices.Kirsten criticizes the role of centralized exchanges and market makers, arguing that strict listing requirements…
The same forces behind the tyranny of the new coronavirus are vying to do so again, but humanity and the medical profession must fight back, says Dr. Kat Lindley, co-founder of the Global Health Project, in an interview with Alex Newman of The New American. Whether it's monkeypox, bird flu, or “Disease X,” Dr. Lindley… The article “Is the next pandemic happening now or coming soon? How to respond” first appeared in The New American.
Importantly, these companies are more likely to raise funding at more realistic valuations, as they will need to show they are building real businesses with sustainable revenue models. In this model, blockchains generate revenue from the block space these products use, builders profit as the value of the tokens they own rises, venture capitalists profit through token unlocking, and centralized exchanges profit from users buying and selling tokens. Or, perhaps, larger companies will acquire these projects in a way that financially benefits all involved.
Ave Lab Suggested update The firm announced on Aug. 26 that it would fund the GHO Stable Module (GSM) and use shares from BlackRock’s tokenized fund BUIDL to maintain the stablecoin’s dollar peg.According to the proposal, the new GSM would allow Aave to exchange USD Coin (USDC) given to users for BUIDL shares to mint GHO, the ecosystem's native dollar-backed stablecoin. The tokens would be held in a smart contract until users exchange their GHO for USDC.BUIDL shares have a stable value of $1 per token and pay daily yields to investors every month. The fund allocates its assets between…
Cryptocurrency exchange Bitpanda and trading platform CoinMENA have announced a strategic partnership aimed at increasing the efficiency of the latter. CoinMENA has received operating licenses from the Central Bank of Bahrain and the Dubai Virtual Asset Regulatory Authority (VARA). The platform's strategic partnership with Bitpanda also aims to expand the Middle East and North Africa-focused cryptocurrency entity's digital asset products and services. Market Demand CoinMENA co-founders Dina Sam'an and Talal Tabbaa said in a statement: “We are pleased to partner with Bitpanda Technology Solutions, an industry leader that shares our commitment to providing the highest level of cryptocurrency trading services.…
AP Image Even Democrats in Congress fear Vice President Kamala Harris's plan to combat price gouging. Several lawmakers told Politico that the plan is too extreme and would never pass Congress. Even a Washington Post columnist denounced the plan. That's because it certainly reeks of “socialist price controls,” as her Republican rival and former president Donald Trump put it, and it's one of the reasons why, as The New American reported last week, mainstream commentary is chock full of the words “Harris” and “communist” in the same sentence. This great article is available to subscribers only. Are you a JBS…
Evgenia Gordienko/iStock/Getty Images Plus Judge John W. Blooms of the U.S. District Court for the District of Kansas, a President Trump appointee, opened the door (just a little) to the first real potential challenge to the National Firearms Act of 1934 (NFA) when he ruled on Wednesday to dismiss charges against a defendant for possessing two machine guns. The law in question is 18 USC § 922(o), which states that “it shall be unlawful for any person to transfer or possess a machine gun.” The law originates from the National Firearms Act, signed into law by then-President Franklin D. Roosevelt.…
AP Image Further statements are circulating exposing Vice President Kamala Harris' totalitarian plans and bizarre ideas. The latest updates from the Democratic presidential candidate include talk of confiscating guns from law-abiding Americans, previous plans to eliminate private health insurance and the bizarre claim that the coronavirus has killed more than 220 million Americans. The first vice president to believe that computer data is stored in the air above people's heads, Harris is also known for her flawed understanding of inflation and her frequent desire to redistribute wealth. The name of her ideology is: Kamnism. Kamala takes away the gun “The…
Every DePIN project needs an explorer that shows the number and location of devices, token price and trading volume, on-chain revenue, and other important metrics. Until now, each DePIN had to build this on its own, which involved smart contracts, backend and frontend work and could take months. This is highly inefficient, as this part of the stack is essentially the same for all DePIN projects. Luckily, Hotspotty, EV3, IoTeX and DePIN Pulse are here to help.
