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• Massive BLUR unlocking tomorrow: 196m tokens to be released

  TL;DR Breakdown Approximately 196 million BLUR tokens, about 40% of its circulating supply, are due to be unlocked tomorrow. These tokens will be allocated to past and future core contributors, investors, and advisors. High-profile investors and whales’ activities have come under scrutiny in anticipation of the event. It’s uncertain whether the token unlocking will cause a bullish surge or bearish downturn in BLUR’s price. In the whirlwind of the global crypto market, one significant event looms on the horizon for BLUR, a thriving digital token. A colossal 196 million BLUR, equivalent to approximately $62.3 million, is slated for release tomorrow, accounting for roughly 40% of its circulating supply. This event carries with it the potential to fundamentally shake up the BLUR market. The token allocation breakdown This massive release comprises several categories of token holders, as per data from Token Unlock. A considerable proportion, 115.68 million BLUR worth around $36.8 million, will be made accessible to past and future core contributors. Investors are set to receive 75.4 million BLUR, approximating to $24 million. The last tranche of 4.9 million BLUR,…

  Article 2023年6月16日

• Hong Kong aims to outshine Tether and USD Coin with its own stablecoin

  TL;DR Breakdown Hong Kong plans to launch its state-backed stablecoin to rival established cryptocurrencies like Tether and USD Coin. The proposed stablecoin could expand financial inclusion, lower costs, and enhance transaction efficiency through blockchain technology. Hong Kong sees the stablecoin initiative as a crucial step toward becoming a premier global financial centre and attracting businesses, investors, and talent. Description To solidify its position as a global financial hub, Hong Kong is making waves in the cryptocurrency industry with plans to launch its state-backed stablecoin. This move comes as the region’s interest in digital currencies and Web3 technology continues to grow. By creating a stablecoin linked to the Hong Kong dollar, the government aims to … Read more To solidify its position as a global financial hub, Hong Kong is making waves in the cryptocurrency industry with plans to launch its state-backed stablecoin. This move comes as the region’s interest in digital currencies and Web3 technology continues to grow. By creating a stablecoin linked to the Hong Kong dollar, the government aims to rival existing stablecoins such as Tether (USDT) and…

  Article 2023年7月6日

• Tether paves the way for green crypto mining with $250 million investment in El Salvador

  TL;DR Breakdown   Tether is investing $250 million in a renewable energy project in El Salvador to advance sustainable cryptocurrency mining. The project will have a capacity of 241 megawatts, consisting of 169 megawatts of solar power and 72 megawatts of wind power. Tether’s Chief Technology Officer, Paolo Ardoino, expressed enthusiasm for the project. In a groundbreaking partnership to advance sustainable cryptocurrency mining, Tether, the prominent stablecoin provider, has committed a substantial investment of $250 million into a renewable energy project in El Salvador. This move by Tether signifies a significant step towards a greener and more eco-friendly future for the cryptocurrency industry. The investment will be directed towards developing a pioneering renewable energy park named “Volcano Energy” in the picturesque city of Metapán, nestled in the country’s northern region. Tether’s ambitious vision for this project is to harness the abundant solar and wind power in the volcanic region, ultimately creating a large-scale Bitcoin mining farm. Volcano Energy will feature a state-of-the-art energy infrastructure, boasting an impressive capacity of 241 megawatts. The chosen site, strategically located in the El Chiste…

  Article 2023年6月10日

• Unmasking Inflation: Ron Paul’s exposé on the role of the U.S government and Federal Reserve

  TL;DR Breakdown Ron Paul argues that the U.S. government obscures inflation’s true cause – increased money supply – to avoid fiscal accountability. He contends that inflation disproportionately affects the middle and lower classes, while the government fails to acknowledge this. Paul criticizes the Federal Reserve’s role in inflation, suggesting its existence contradicts original constitutional principles. In a world where economic complexities often beget confusion, Ron Paul, a former U.S. congressman from Texas and erstwhile presidential candidate, has issued a clarion call for transparency in the face of escalating inflation. Through his webcast, ‘The Ron Paul Liberty Report,’ Paul brazenly challenged the U.S. government’s portrayal of the inflation narrative, accusing it of obfuscation and deceit. Paul draws upon Austrian economics to demystify the phenomenon of inflation, characterizing it as an outcome of an expanded money and credit supply which eventually drives up prices. According to him, this crucial understanding is deliberately obscured from the general public. The federal administration, he suggests, veils the true underpinnings of inflation to avoid grappling with its own fiscal policies, notably the rampant money printing, a…

  Article 2023年5月24日

• Sturdy Finance reopens after $800,000 hack

  TL;DR Breakdown Sturdy Finance, a decentralized finance (DeFi) protocol, made an announcement on June 16, stating that users can now access their funds once again. The exploit occurred on June 12 and resulted in the loss of 442 Ether, which was valued at around $800,000 at the time. In an interesting move, Sturdy Finance has offered a $100,000 bounty to the hacker who executed the exploit. Sturdy Finance, a decentralized finance (DeFi) protocol, has recently reopened its stablecoin market after a recent exploit on its platform. The lending platform made an announcement on June 16, stating that users can now access their funds once again. Sturdy Finance assured its users that no funds were at risk during the incident and explained that the decision to pause the market was made out of an “abundance of caution.” The stablecoin market is now unpaused, enabling users in this market to access their funds! No funds in this market were ever at risk; the market was only paused out of an abundance of caution. As an additional safety measure, the bb-a-USD pool has…

  Article 2023年6月19日