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DeFi News
TechBullion
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Dubai to Host the Second Edition of Middle East Blockchain Awards 2025 as MENA Becomes Global Crypto Leader
- Dubai is set to host the second edition of the Middle East Blockchain Awards (MEBA) in 2025.
- The event will take place at the Jumeirah Burj Al Arab on April 29, coinciding with the TOKEN2049 conference.
- The Middle East and North Africa (MENA) region has emerged as a global crypto leader, with recent data positioning it as the seventh-largest cryptocurrency market in the world.
- The UAE, in particular, has become a digital asset adoption leader, receiving approximately $34 billion in cryptocurrencies and experiencing a robust 42% year-on-year growth.
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Medium
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Advancing Humanity: Building the World’s Supercomputer
- Koii offers a decentralized alternative, enabling a network powered by everyday devices to create a scalable and resilient infrastructure.
- Koii was built to prioritize consumer hardware over centralized data centers, providing a fast, scalable, and private platform hosted on a decentralized community cloud.
- This decentralized infrastructure also allows developers to launch protocols and dApps quickly, at scale, and with lower costs by instantly tapping into Koii’s network of over 100,000 resource-supplying nodes from day one.
- Operators of these nodes are then rewarded with KOII tokens for their work, including tasks like hosting, validating transactions, and tracking engagement.
- Koii tasks are computations done off-chain, with the results verified and submitted on-chain.
- The Finnie Wallet is a powerful interface for engaging with the Koii network, giving users direct access to its decentralized ecosystem.
- The market for Decentralized Physical Infrastructure Networks (DePIN) is anticipated to grow substantially, with projections estimating its value to hit $3.5T by 2028.
- Emerging narratives are reshaping the DePIN landscape, including concepts like Decentralized Generative Energy (DeGEN), Decentralized Gaming Infrastructure (DeGIN), and AI-driven DePIN applications.
- DePIN promotes financial inclusion and drives economic growth.
- Koii’s community cloud is designed to provide cost-effective and secure solutions for a wide range of applications, from Artificial Intelligence to Social Media and beyond.
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Bitcoinist
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February 18 Marks Key Date: FTX Repayment Process Kicks Off For Creditors
- FTX, a cryptocurrency exchange, is set to initiate the repayment process for its Bahamas-based creditors on February 18.
- Creditors with claims under $50,000 will receive 100% of their claim value along with an additional 9% interest.
- The payments will be processed by BitGo, a digital asset custody provider involved in FTX's restructuring efforts.
- This marks a significant step toward restoring financial stability for affected creditors after FTX's filing for bankruptcy in November 2022.
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TronWeekly
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AAVE DESTROYS the “Utility Token” Myth, Here’s How
- Aave defies the notion of weak correlation between product usage and token price, providing hope for developers in the crypto space.
- The Ethereum Foundation invests $167 million in DeFi via Aave, showcasing increasing institutional confidence.
- Aave deploys v3 on Sonic Labs and prepares for v4 upgrade, expanding its dominance in the DeFi sector.
- Aave achieves market success, holds institutional confidence, and demonstrates strong market activity, indicating a promising future.
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Bitcoinist
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SEC’s Crypto Task Force Website Launches: Hester Peirce Shares Vision For Digital Asset Regulation
- The US Securities and Exchange Commission (SEC) has unveiled its new Crypto Task Force, led by Commissioner Hester Peirce.
- The task force will aim to address regulatory uncertainties and engage with various stakeholders in the crypto community.
- The SEC seeks to balance investor protection with industry innovation and public engagement in shaping digital asset regulation.
- The task force plans to collaborate with other regulatory bodies and state authorities to create a comprehensive understanding of crypto's regulatory landscape.
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Bitcoinist
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Trump’s Crypto Czar Envisions A Golden Age For Digital Assets In Bold New Statement
- David Sacks, newly appointed 'Crypto Czar' and venture capitalist, is working with Republican lawmakers to develop a regulatory framework for crypto assets in the US.
- The focus is on stablecoins, with plans to pass legislation through Congress within the next six months.
- The stablecoin bill aims to establish a clear regulatory framework for stablecoin usage and reinforce the US dollar's dominance in the digital finance space.
- Sacks is also evaluating the feasibility of a Bitcoin reserve and, with his connections to the White House, is a key player in shaping the administration's approach to digital assets.
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Medium
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STON/USDt Farming Extended. More Rewards, More Opportunities!
- The STON/USDt farming pool on STON.fi is officially extended for another month, offering increased rewards and more earning opportunities.
- The extension allows users to farm STON/USDt until February 23, with no LP lock-ups and full control over their assets.
- The new incentive of 10,000 STON (~$35,000) aims to maximize profits for farmers.
- STONfi provides a trusted and lucrative farming pool for users to stake their LP tokens and earn STON rewards automatically.
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Medium
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Bitcoin, Cardano, and BitcoinOS: Unchaining the Future with ZK Proofs, AI, and Decentralized…
- The convergence of zero-knowledge proofs (ZK proofs), artificial intelligence (AI), and decentralized systems is driving a seismic shift in technology. We are moving beyond the need for traditional blockchains and entering an “unchained” world where computation, verification, and decentralization occur off-chain.
- ZK VMs are enabling developers to write software in standard programming languages like Rust while leveraging the power of ZK proofs. This allows decentralized apps to perform complex computations off-chain while providing verifiable proof of those computations, drastically reducing costs and increasing scalability.
- ZK Laura demonstrates how ZK proofs can verify the computations of a neural network, an AI brain. This has profound implications for AI. It paves the way for incorruptible AI systems that cannot manipulate outcomes.
- AI is poised to play a central role in the unchained world. By integrating ZK proofs, we can create AI systems that are both decentralized and verifiable, giving individuals greater control over their data and interactions with AI.
- Cardano has made significant strides in integrating ZK technology into its ecosystem, and its focus on zkVM development aligns with privacy-preserving features and scalability. By leveraging ZK proofs, Cardano aims to reduce the computational load on its blockchain, enabling faster and more efficient transactions.
- BitcoinOS has already implemented ZK-proof technology to integrate Bitcoin with Cardano. This enables trustless bridging between the two blockchains, unlocking Bitcoin’s vast liquidity in Cardano’s decentralized finance (DeFi) ecosystem.
- By unlocking Bitcoin’s liquidity, Cardano’s DeFi ecosystem can seamlessly integrate Bitcoin assets, opening up new possibilities for lending, yield farming, and liquidity pools. This integration also enhances Cardano’s cross-chain interoperability, allowing it to interact with Bitcoin and potentially other blockchains in the future.
- We are at the dawn of a new era in technology. The best applications of the future will be unchained — non-custodial, immutable, and incorruptible. They will leverage the power of ZK proofs to provide verifiable computation, enabling trustless interactions in ways previously unimaginable.
- Staying informed and embracing the opportunities of the unchained future is essential as we move toward a new paradigm where computation happens off-chain, blockchains serve as ledgers, and individuals have greater control over their digital interactions.
- This article does not constitute financial advice or an endorsement of any specific cryptocurrency, blockchain platform, or financial product. Investments in cryptocurrencies and decentralized finance (DeFi) projects carry significant risks, including market volatility and potential loss of capital.
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TechBullion
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QuickNode and Fuse Partner to Launch Web3 Industry’s First Layer 2 for Businesses Powered By Polygon CDK
- QuickNode and Fuse have partnered to launch the industry's first Layer 2 (L2) for businesses.
- The collaboration combines QuickNode's enterprise-grade infrastructure, Fuse's Web3 payment solution stack, and Polygon CDK's rollup technology.
- This L2 implementation will provide seamless payment processing, enhanced scalability, and optimized access to decentralized finance solutions.
- The partnership demonstrates the practical application of Polygon's CDK technology and its potential for future rollup implementations.
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Cryptopotato
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Injective Hub V2 Goes Live, but INJ Price Shows Minimal Reaction
- Injective Labs has released Injective Hub V2 to enhance the user experience on their blockchain.
- The update includes a redesigned interface, improved navigation, and new features for user engagement.
- Injective Hub V2 allows users to manage wallets, stake INJ tokens, participate in governance, and explore dApps.
- Despite the upgrade, the price of INJ has shown minimal reaction, with a gain of just 2% in the past day.
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Bitcoinist
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US Senator To Introduce Stablecoin Legislation Today: Aligning With Trump’s Crypto Priorities
- US Senator Bill Hagerty is set to introduce legislation today aimed at creating a regulatory framework for stablecoins.
- The proposed legislation, called the Guiding and Establishing National Innovation for US Stablecoins (GENIUS Act), would mandate stablecoins to be backed by US currency and other secure assets.
- Under the GENIUS Act, issuers of stablecoins would be required to disclose audited reports monthly, promoting transparency and accountability.
- The legislation aims to provide enhanced oversight through placing nonbank stablecoin issuers under the supervision of the Office of the Comptroller of the Currency.
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Coinpedia
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Top Whales Offload These DeFi Tokens: Big Moves in the DeFi Space
- A prominent crypto investor, identified as "0x257", moved $7.96 million in DeFi tokens to Binance, securing profits of 255% from AAVE, 213% from LINK, and 52% from UNI.
- Another investor, BlockTower Capital, moved $16.78 million in DeFi tokens to Binance, resulting in a net loss of $2.94 million.
- The DeFi market has experienced a 4.7% loss in the past 24 hours and several prominent DeFi tokens have seen losses in the past week.
- Despite the bearish market, several top DeFi tokens showed bullish momentum in the past 24 hours, indicating signs of recovery.
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Medium
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Important Announcement from JIB Chain
- JIB Chain will be withdrawing 100 million JBC from the one-year locked allocation to [XX Wallet] and the allocation will be managed as per the new direction.
- JIB Chain will undergo a rebranding to reflect a strategic shift and a renewed development vision, details to be announced later.
- The changes are aimed at strengthening JIB Chain's position in the blockchain industry and ensuring long-term sustainability.
- JIB Chain is an EVM-compatible platform allowing developers to create various DApps and projects in a decentralized environment.
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Medium
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Unravel the Mystery of Shelter 42 and Unlock Life-Changing Rewards
- Shelter 42 is an immersive puzzle game that challenges players to unravel the mysteries of a hidden shelter.
- Successfully completing the game rewards players with STON, a cryptocurrency with significant value.
- Shelter 42 has formed a thriving community of players who collaborate to solve puzzles and share progress.
- The game offers a unique blend of mystery, adventure, and reward, making it appealing to a wide range of players.
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Hackernoon
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Fintech Veteran Says DeFi Can Fix Finance
- Binance Research analysts declared 2024 as the year Decentralized Finance (DeFi) fundamentally redefined financial resilience.
- Jeff Mahony, Founder and Chairman of SaveDaily Holdings Corp., provided insights shaped by his experience and rural upbringing, which instilled in him values of adaptability and community trust – principles he sees reflected in DeFi's growth.
- One of the most exciting emerging trends in DeFi is the integration of real-world assets (RWAs) into decentralized ecosystems.
- For 2025 and beyond, immense potential in DeFi's role in cross-chain interoperability.
- Advancements in regulatory-compliant DeFi protocols will likely speed up institutional adoption and help scale the industry further.
- Addressing issues such as high costs, confusing interfaces, and lack of education will be key for long-term growth and innovation.
- DeFi can significantly transform traditional financial systems by increasing accessibility, transparency, and efficiency.
- DeFi platforms must be as intuitive as traditional apps, allowing for seamless onboarding and easy wallet recovery.
- Collaboration between regulators, developers, and industry leaders is key to striking the balance, ensuring DeFi remains innovative while becoming more secure and accessible to the broader public.
- DeFi decreases costs and allows anyone with internet access to participate.
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