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Join Our Telegram channel to stay up to date on breaking news coverage THORChain, a thriving decentralized exchange and liquid decentralized finance protocol by measure of total value locked, intends to launch a feature called “Lending” later this year. The decentralized exchange envisions this feature as the missing piece that will round off their THORFi ecosystem. The excitement around this development has yet to bolster the value of RUNE, the ecosystem’s utility token, which as of May 30 has seen a decrease of 32% from its April 2023 high. What is THORChain and How to Earn Money on its Network? THORChain is a decentralized cross-chain liquidity protocol that allows users to swap assets between blockchain networks. It is a settlement layer that facilitates swaps between 8 chains: Bitcoin, Ethereum, Binance Chain, Avalanche, Cosmos Hub, Dogecoin, Litecoin, and Bitcoin Cash.  Anyone can use THORChain to swap native assets between any supported chain...

McHenry Remains Confident On Vote Addressing the upcoming vote on Wednesday, Representative Patrick McHenry, who represents North Carolina’s 10th congressional district and played a key role in the debt ceiling negotiations, expressed confidence in the bill’s passage. McHenry noted that enough votes have been secured to ensure the debt limit deal’s success, asserting, “I think the votes are there on both sides.” advertisement Read More: US Representative Unveils Bill To Block CBDC Pilot Program The proposed legislation, the result of extensive negotiations, imposes limits on discretionary spending over the next two fiscal years. It also establishes a set of funding checks and balances that will remain in effect until after the 2024 elections. Named the Fiscal Responsibility Act of 2023, this bipartisan agreement between the White House and House Republicans aims to address the pressing issue of the nation’s debt limit. B...

VeChain is involved in several development initiatives and projects. The recent announcement of “The HiVe” event has attracted attention from the Web3 community. The team has been regularly providing updates on their ongoing developments throughout 2023, and they have multiple upcoming projects in progress. On March 6, 2023, they released a new whitepaper and revealed details about the new VET 3.0 protocol. In one of their latest announcements, the team has also unveiled the details of their new web3-as-a-service platform, the VORJ. According to the latest details, the team is all set to explore the AI industry while exploring OpenAI to implement human-readable decoded contracts. With the news surrounding the platform, let’s analyze if VeChain’s (VET) can reach $1. What is VeChain? Sunny Lu and Jay Zhang founded VeChain in 2015. Sunny Lu, the former chief information officer (CIO) of Louis Vuitton China, played a key role in its founding. VeChain is a blockchain plat...

Fans of Richard Heart awaited the launch of his magnum opus, Pulse, with bated breath. They forgave HEX for languishing 80% below all-time highs — or worse — while they waited. They forgave months of delays, SEC subpoenas, and hundreds of millions of dollars worth of inaccessible funds. Finally, after four testnets and inexplicable postponement, Heart’s blockchain and its DEX activated mainnet on May 13. A bridge to other blockchains went live two days later. The chart of Heart’s first project HEX illustrates the “sell the news” dump of Pulse. In Wall Street parlance, sophisticated traders buy amid rumors and sell into retail buying on the day of the news — hence the adage, sell the news. From May 1 through May 22, neither PulseChain (PLS) nor PulseX (PLSX) had any major exchange listing. HEX was the only asset of Richard’s three tokens with liquid, independent price discovery. HEX is therefore the best measure of the value of Heart’s empire. To that end, consider ...

On May 28, the cryptocurrency Floki (FLOKI) experienced a surge of over 10% and witnessed its highest levels of trading activity in more than three weeks. Traders showed interest in the tokens due to a China-centric initiative promoting its Valhalla metaverse game. The trading volumes for the Shiba Inu-inspired tokens surged to over $60 million, a significant increase from the previous week’s average of $25 million. This sudden spike coincided with the inclusion of advertisements for the Floki game in various Chinese sporting tournaments. This development potentially enticed speculators who speculated that the promotional efforts could attract a fresh wave of traders from China. The developers of Floki mentioned in a tweet that they observed a notable increase in the number of community members from China joining their social media groups. We've gotten an influx of Chinese traffic today due to the CCTV-5 feature, and we want to remind you that $FLOKI is strate...

The platform was launched to promote crime prevention in the metaverse as “all crimes in the cyberspace could also happen in the metaverse." The cyber security unit of the Hong Kong Police Force have launched CyberDefender, a new metaverse platform designed to educate the public of the potential dangers associated with Web3 and the metaverse . According to a May 27 statement, the Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police Force unveiled a new metaverse platform, CyberDefender, in an effort to prepare its citizens for the “challenges ahead in the digital age” with a focus on technology crime prevention. "Exploring the Metaverse" event in the CyberDefender metaverse on May 27. Source: Government of the Hong Kong Special Administrative Region. On the same day that it launched, an online event was held “Exploring the Metaverse," spanning across three virtual venues, with the aim of discussing crime prevention strategies within the meta...

DeFi saw another multimillion-dollar rug pull this past week, and the Multichain saga continues to spiral out of control. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. After a bullish April, May was another month of exploits , rug pulls and hacks, bringing back uncertainty to DeFi. The most prominent headline marker in the past week was the Multichain protocol. The cross-chain DeFi protocol’s delayed node upgrade created a spiral impact and tanked its token price by 30%. The Multichain protocol saga impacted multiple DeFi protocols, forcing Binance to suspend deposits for ten bridged tokens on May 25 after days of stuck transactions. Multichain aside, the week was dominated by hacks, exploits and rug pulls. A crypto project allegedly ran off with $32 million of customer’s funds, DeFi protocol WDZD Swap was exploited for $1.1 million, and a bug...

Join Our Telegram channel to stay up to date on breaking news coverage Wall Street Memes token ($WSM) launches its meme coin to rule them all today – direct from the internet’s most on-trend trading and investing community.   If you are looking for the next meme coin to explode like Pepecoin, Dogecoin or Shiba Inu, then look no further.    The team behind the Wall Street Memes token knows everything there is to know about building brands in the new age of finance – which is exactly why they are unleashing $WSM token today.   Analysts are already predicting 10x gains for Wall Street Memes when it lists on exchanges and you can be a part of it, but tokens are being snapped up fast. $WSM Token: 1 Million-Strong Community Unleashes Frenzy, Sells $100,000 in Minutes – Wen Binance? Demand for the $WSM token is going to be off the scale, which is why in the space of minutes of the launch being announced, $100k was raised from eager ...

Join Our Telegram channel to stay up to date on breaking news coverage Tools for Humanity, the team behind the Worldcoin cryptocurrency project, has confirmed that it has raised $115 million in a Series C funding round. The funding round was led by Blockchain Capital. Worldcoin developer raises $115 million in funding The development comes after earlier reports in February had said that the Worldcoin project was planning to raise up to $120 million worth of funding. At the time, people with close knowledge of the matter had said that the funding would have increased the project’s valuation to $3 billion. However, the company is yet to disclose its valuation after the closure of the fundraiser. Worldcoin is a project by Tools for Humanity. The project was co-founded by Alex Blania, Max Novendstern, and the co-founder of OpenAI, Sam Altman. The goal of this funding round is to support the growth of the Worldcoin project. The project is currently working on the creation of...

Join Our Telegram channel to stay up to date on breaking news coverage Despite the bearish sentiments, the market shift to meme coin, and continued regulatory pressure on digital assets exerted by the United States, the non-fungible token market continues to showcase strong market resilience amid the bear market. Earlier this week, Gary Vaynerchuk, speaker and the chief executive officer of the VeeFriends NFT collection, convened an annual conference that brought together brands and builders from the metaverse and the non-fungible token space. The union showcased the real strength of NFTs amid the bear market. The three-day conference saw the participation of over 7,000 attendees and real-world titans such as Daymond John, Scooter Braun, Drew Barrymore, and countless NFT influencers. VeeCon confirmed that the NFT market is in the right direction. Below we have listed some of the top-selling NFT collections this week:   Top NFT Collection This Week: Source: CoinGecko.com...

Popular entrepreneur and VeeFriends creator, Gary Vaynerchuck, shared his thoughts on NFT tickets, VeeCon 2024, cryptocurrency and blockchain adoption at VeeCon 2023. Famous entrepreneur Gary Vaynerchuck — also known as Gary Vee — is a long-time supporter and collector of nonfungible tokens (NFTs). In May 2021, Vaynerchuck announced the launch of his VeeFriends NFT collection, which consisted of 10,255 unique tokens to give holders access to exclusive events. Shortly after launching the VeeFriends collection, Vaynerchuck demonstrated the potential behind NFT tickets during VeeCon 2022 — a Web3-focused conference built around NFTs, pop culture, entrepreneurship and marketing. Attendees of VeeCon 2022 needed to hold at least one VeeFriend Series 1 NFT to access the event. Based on the success of this model, Vaynerchuck moved forward with NFT-based tickets for VeeCon 2023, which was held from May 18–20 in Indianapolis, Indiana. The event organizers told Cointelegraph that VeeCon 2023 att...