Decentralized finance (DeFi) is one of the fastest-growing sectors of the crypto industry, with $92 billion worth of crypto assets currently locked in peer-to-peer powered protocols – up 196% over the last year.This growth can largely be attributed to the many lucrative, high-interest earning opportunities available across DeFi lending and trading platforms. But, of course, … [Read more...] about How to Stay Safe in DeFi: Red Flags and Risks You Need to Know
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BSN’s Red Date Behind Shenzhen-Singapore Trade Blockchain Project
Singapore and China’s Silicon Valley, the city of Shenzhen, are building what is likely the world’s first blockchain-based network for a cross-border trade data exchange between two major economies.Red Date Technology, the architect of China’s internet of blockchains, is working with the Shenzhen Municipal Government and Singapore’s Infocomm Media Development Authority (IMDA) … [Read more...] about BSN’s Red Date Behind Shenzhen-Singapore Trade Blockchain Project
How ‘Intelligent’ NFTs Raise Some Red Flags
NFTs are on a clear collision course with artificial intelligence, which will in theory unlock all sorts of new utilities, including AI-driven avatars that can hold conversations.However, because few people understand how this type of AI works, it’s alarmingly easy to hoodwink buyers. Recently, a handful of so-called “smart” or “intelligent” NFT projects have begun minting … [Read more...] about How ‘Intelligent’ NFTs Raise Some Red Flags
Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red
“The long-term bull case remains for bitcoin, but everything in the short-term seems bearish,” Edward Moya, senior market analyst at Oanda, said in an email. “Bitcoin will need to overcome growing expectations for a stronger dollar, an extended altcoin season and short-term bearishness for risk assets as Omicron derails reopening momentum.” Source link … [Read more...] about Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red
BSN Architect Red Date to Launch NFT Infrastructure in China
Red Date Technology, the firm behind the Blockchain Services Network, will launch infrastructure to support the deployment of non-fungible tokens in China.The project, dubbed the BSN-Distributed Digital Certificate (DDC), was announced at the BSN Open Permissioned Summit on Friday.Red Date CEO Yifan He said that NFTs will be widely used in China in the next five years, but that … [Read more...] about BSN Architect Red Date to Launch NFT Infrastructure in China