Decentralized finance (DeFi) relies on the potential of cryptocurrency but breaks down when prices fluctuate a lot. Stablecoins are thus central in this space as they provide a stable value to lend, borrow, or stake. The Aave and Compound platforms rely heavily on USDT and DAI to maintain returns constant, users deposit $1 today and
The financial services giant Goldman Sachs is telling shareholders that its competitors are now offering crypto products and services that the bank doesn’t. In its 2024 Annual Report, Goldman Sachs says in some circumstances, rival firms are offering products that clients may prefer, such as specific digital assets, which Goldman cannot or choose not to
Ripple, an enterprise blockchain and crypto solutions provider, received approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payments and services in the Dubai International Financial Centre (DIFC). Ripple will be the first blockchain-enabled payments provider licenced by DFSA, according to a statement by the Dubai government published Thursday. “Securing this DFSA
Blockchain can enhance traditional financial systems, but mass adoption requires a focus on interoperability, usability and regulation. Unsplash+ When Gartner predicted in 2022 that blockchain would create $176 billion in business value by 2025 and $3.1 trillion by 2030, it seemed like the technology was poised to revolutionize every industry it touched. Yet here we
With the launch of its Grok 3 model, Grok AI has disrupted the entire LLM industry. Elon Musk, the CEO of its parent company XAI, called Grok 3 “the smartest AI,” claiming it outperforms rivals such as ChatGPT, Google Gemini, and DeepSeek R1. Not surprisingly, investors are already using Grok AI to improve their investment