Collateral Network (#COLT) has emerged as the worldβs first crowdlending platform for non-fungible tokens. The unique concept of COLT allows borrowers to put their physical assets as collateral on blockchain, and unlock required loans without any third-party involvement.π
#Solana has a history of network outages, having endured 11 major, and 3 minor, outages in 2022. The downtime outages ranged between 1 hour 15 minutes and 17 hours 7 minutes during this period. The most recent outage was the longest in over a year.
Why the recent #Solana outage took almost a day to resolve.π§βΉοΈ
The network suffered an outage that lasted 18 hours and 50 minutes on Feb. 25 β the first interruption in 2023.
Prior to #Paxosβ announcement on February 13, there were 16.1 billion BUSD in circulation. As of February 27, there are 10.73 billion BUSD in circulation after 5.37 billion #BUSD were removed from the number of tokens.
#Ethereum gas usage spikes for stablecoins; primarily inflows in #USDT.
Roughly over 80% of the entire gas usage for stablecoins on Ethereum is being driven by USDT.#Cryptocurency π§ποΈ
#Polygon co-founder sees no future for #Solana, #Aptos, #Avalanche, #Cardano.
Polygon co-founder Sandeep Nailwal said Ethereum would emerge as the dominant smart contract protocol β with all other competing layer 1s falling by the wayside.ππ
#Reddit Avatar NFTsβ market cap exceeds $35 million
Over 10.6 million NFTs have been minted since the collection's launch on July 2022.#NFT#Crypto ππ
The #SECβs recent actions shut down centralization staking services, but not individual staking and decentralized staking services. That could increase decentralization and help restore #cryptoβs original mission.π§π
#Bitcoin#OTC desk holdings at seventh-month high.
OTC desks a method of trading #crypto typically reserved for institutions and high-volume tradersπ§ππ
During the 2021 bull run, #OTC desk holdings hit over 12,000 #BTC, as this was a popular method that is typically reserved for traditional investors and used to execute large trades for big buyers who need significant liquidity.
#Paxos asserts that #Binance#USD is not a security under two separate tests
The stablecoin issuer says that it is working constructively with the #SEC. π§π
A solid improvement in yesterdayβs U.S. PMIs reinforced the need for further policy tightening, particularly with inflation slowing less than expected in the U.S.π