The service industry needs blockchain for enhanced security, transparency and efficiency in managing transactions, contracts and customer data. The need for blockchain technology in the service industry Blockchain technology has the potential to completely transform the services sector by improving efficiency, security and transparency. Blockchain technology reduces the risk of fraud and errors in industries,…
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Moody’s Analytics will use machine learning and a host of indicators to compile and analyze large-cap stablecoins and identify probable depeggings. Moody’s Analytics is launching a new stablecoin service that will use AI to predict probable depeggings “in a 24-hour time horizon” while providing real-time insights about stablecoin issuers’ liquidity and stability. The stablecoin market…
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The pause affects multiple markets, including Aave V2 Ethereum Market and certain assets on Aave V2 on Avalanche. In addition, certain assets on Polygon, Arbitrum, and Optimism have been frozen. Decentralized finance (DeFi) protocol Aave paused a number of markets on Nov. 4 after receiving reports of an issue affecting “a certain feature,” according to…
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Web3 business models based around NFTs, blockchain and crypto have slowly been gaining ground in the mainstream, to mixed success. Web3 has been gaining ground in mainstream industries with the rise of Web3 business models based around nonfungible tokens (NFTs), blockchain technology and crypto. But it’s still an open question whether it’s actually improving mainstream…
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The dYdX crypto exchange published the open-source code for its upcoming Cosmos-based network. Crypto exchange dYdX has published the open source code for its new Cosmos-based network of the same name, according to an October 23 blog post. The new code includes the “protocol, order book, front-end, and more,” the post stated. The publication of…
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The Web3 platform’s website has been restored, but the company still warns against using it. The hack may be linked to September’s attack on Balancer. The website of Web3 community platform Galxe was offline for about an hour on Oct. 6. Galxe reported on X (Twitter) that its website was down at 14:44 UTC and…
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In a blog post on Sept 21, a16z’s Miles Jennings discusses how decentralized autonomous organizations (DAOs) can avoid power centralization by applying Machiavelli’s principles. Principles written almost 500 years ago by Niccolò Machiavelli — author of the controversial political work “The Prince” — are the path to solving decentralized governance issues on autonomous organizations, according…
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A network of 35,000 smartphone sound sensors was deployed on the Peaq Network ecosystem to collect hyper-local noise pollution data for well-being. The Silencio network has over 35,000 smartphones working as noise sensors via the Peaq Network blockchain ecosystem in an effort to combat the issue of global noise pollution. On Sept. 19, the Silencio…
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Animoca Brands, a metaverse and gaming venture capital firm, has raised $20 million to expand its Web3 identity project Mocaverse. According to the press release, the funding round was led by blockchain- and Web3-focused venture capital company CMCC Global, with other investors including Kingsway Capital, Liberty City Ventures, GameFi Ventures, Aleksander Larsen (Sky Mavis founder),…
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In an effort to maintain the decentralized nature of the Ethereum (ETH) network, several prominent liquid staking providers have implemented or are in the process of implementing a self-limit rule. The rule ensures that these providers will not own more than 22% of the Ethereum staking market, which could help address concerns over the growing centralization of…
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