MakerDAO, Ethereum’s first DeFi lending protocol, has a 52% share of the ETH lending market. This milestone was highlighted in Steakhouse Financial’s January 2024 MakerDAO Protocol Economics Report, which showed a 22% increase in ETH lending through Spark’s cryptocurrency vaults. Much of MakerDAO’s market dominance over the past year has been attributed to Spark, which has provided high liquidity and competitive borrowing rates for DAI, the largest decentralized stablecoin. Spark is currently the third largest DeFi lending protocol in terms of Total Value Locked (TVL). SparkLend continues to maintain momentum. Last week’s achievements are as follows:Mainnet 🔷• Assets supplied increased…
Author: Crypto Flexs
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CFTC Chairman Rostin Behnam told Congress that legislation is urgently needed to provide regulatory clarity to the cryptocurrency industry to properly protect investors.Behnam said the following in testimony before the House Agriculture Committee on March 6 that primarily focused on the FTC’s fiscal year 2025 budget request:Benam said:“The idea that cryptocurrencies will disappear is wrong.”Despite the fact that “no federal agency has direct regulatory authority” over the cryptocurrency industry, more than 49% of CFTC lawsuits filed in the 12 months ending October 2023 involved conduct related to digital assets, he said. added.Framework in 12 monthsDuring the hearing, Behnam spoke about…
The BNB Greenfield network is preparing for the Ural hardfork, which aims to improve user experience and storage provider performance within the BNB Chain ecosystem. The BNB Greenfield network is preparing for the highly anticipated Ural hardfork, which promises to bring a variety of exciting updates and improvements to the platform. The mainnet Ural hard fork is scheduled to occur at block height 5,347,231, which is expected to occur on March 14 at 7:00 AM UTC based on the current block interval. To ensure a smooth transition, validators and storage providers (SPs) are encouraged to upgrade their software to the…
The Spanish government has ordered human identity-focused cryptocurrency project WorldCoin (WLD) to stop collecting data in the country after receiving numerous complaints from customers. In a new press release, the Spanish Agency for Data Collection (AEPD) ordered Worldcoin to stop collecting personal data after receiving several complaints that its data collection processes were infringing on users. AEPD also said it would block data already collected through the Eye Scan Digital Identification Project. “The Spanish Data Protection Authority has ordered preventive measures against the Tools for Humanity Corporation, suspending the collection and processing of personal data carried out in Spain in…
press release. Game-changing capital formation platform Bionic DAO today unveiled a list of high-profile sector leaders who have agreed to join its new advisory board ahead of the platform launch in spring 2024. One of the list of standout names signed on to support Bionic DAO Among the most anticipated Web3 projects of the year (…)
A committee that advises the Commodity Futures Trading Commission voted Wednesday to advance digital asset taxonomy, an unprecedented step forward in providing regulatory clarity. This framework is intended to help draft future laws and regulations.The CFTC’s Global Markets Advisory Committee voted to recommend a comprehensive digital asset taxonomy developed by the Digital Asset Markets Subcommittee. The recommendations, currently under consideration by the CFTC, standardize terminology for regulatory clarity and address digital assets, central bank digital currencies, stablecoins, and more.“A good friend of mine always says words make the world, and we’re hoping these words will create regulation where appropriate,” Caroline…
Synthetic dollar protocol Ethena strengthens connectivity with Bitget wallet integration – Chainwire housenewsroomSynthetic dollar protocol Ethena strengthens connectivity by integrating Bitget Wallet We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary…
When I asked many people, “What are you most looking forward to at Devcon4?”, most people answered: people! Once a year, it’s a time when we all get together. We don’t want to spend time at Devcon sitting in a dark room quietly watching the people on stage. We want to see each other, meet each other, talk to each other. In that spirit, we are designing Devcon4’s programming and environment to provide the time and space for all of us to make new connections between people and ideas. This is an opportunity for us to ask each other the…
When it comes to streetwear, Supreme is a brand that stands above other brands. Known for limited edition releases, iconic collaborations, and a cult following, Supreme has become a global phenomenon in the fashion world. Supreme’s History Supreme was founded by James Jebbia in New York in 1994. What started as a small skate shop in downtown Manhattan grew into a multi-billion dollar empire with a presence in cities around the world. Supreme’s secret to success Some key factors that have contributed to Supreme’s success include: Limited releases: Supreme releases only a small number of each item, creating exclusivity and…
Despite a market-wide liquidation and the U.S. SEC delaying a decision on the filing of the Blackrock and Fidelity ETH ETFs, the price of Ethereum continues to rise towards $4,000. Ethereum traders doubled their bullish positions despite major disruptions to institutional participation in the pioneering smart contract network and extreme market volatility recorded on March 6. Our market analysis explores how this confidence from speculative traders could impact the ongoing ETH price rally in the near term. Ethereum price recovered $3,900 despite bearish headwinds. Ethereum price rose 9% during the daily period on March 6, from $3,500 to a high…