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A cryptocurrency enthusiast has borrowed $1.7 million using an NFT of Supreme T-shirts as a security.

crypto, DeFi, Future Finance, NFT, NFTs, UncategorizedJuly 2, 202462Views0Likes0Comments
In a unique financial transaction, an anonymous user has taken a loan of US$1.1 million (AU$1.7 million) from a stranger via Arcade, a DeFi platform that enables cryptocurrency lending. The loan was noticed by an observer browsing through blockchain records. According to Arcade’s records, the borrower is required to pay an annual interest rate of…

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A cryptocurrency enthusiast secured a loan of $1.7 million by providing a NFT of Supreme T-shirts as a guarantee.

crypto, DeFi, Future Finance, NFT, NFTs, UncategorizedJuly 2, 202453Views0Likes0Comments
An unidentified cryptocurrency user has made use of an NFT (non-fungible token) as collateral to secure a loan worth $1.1 million from a stranger online. The deal was facilitated on Arcade, a DeFi (decentralized finance) platform that enables cryptocurrency loans. Both the borrower and lender in this transaction are anonymous. The annual percentage rate (APR) of…

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Understanding MetaMask: An Overview of This Cryptocurrency Wallet’s Functioning.

crypto, Cryptocurrency, Future Finance, NFT, UncategorizedJune 26, 202465Views0Likes0Comments
In the wake of the COVID-19 pandemic and the ensuing global lockdown, a phenomenon named Non-Fungible Tokens (NFTs) came into existence. As a result, MetaMask, a prominent brand in the NFT space, emerged. MetaMask is a type of crypto wallet that allows users the facility to store or access crypto, NFTs, various other Web3 and DeFi…

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Understanding MetaMask: Functions and Operations of this Cryptocurrency Wallet

crypto, Cryptocurrency, Future Finance, NFT, UncategorizedJune 26, 202472Views0Likes0Comments
MetaMask is a popular non-custodial cryptocurrency wallet that garnered immense attention in the wake of the 2021 lockdown-induced rise in NFT usage. Developed by Dan Finlay and Aaron Davis in 2016, it operates under blockchain technology company ConsenSys Software Inc. As a non-custodial wallet, MetaMask requires users to take complete responsibility for their wallets, leaving…

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Linkin Park Releases an AI-Created Music Video Entirely.

Blockchain News, crypto, Culture, Finance, Music, Uncategorized, Web3June 12, 202476Views0Likes0Comments
Alternative rock band, Linkin Park, has debuted a new music video for "Lost," a song retrieved from the band's archives, attracting attention even long after the death of the lead singer, Chester Bennington. Highlighting the use of artificial intelligence (AI), the video was animated by esteemed Web3 artists Emily Yang (also known as 'pplpleasr') and…

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Bitcoin Pizza Day: A Recap of the Tale of the Man Who Exchanged $270 Million for Two Pizzas

Bitcoin, Bitcoin News, crypto, Crypto News, Finance, UncategorizedMay 22, 202472Views0Likes0Comments
Bitcoin and cryptocurrency enthusiasts celebrate Bitcoin Pizza Day each year on May 22. This date holds significant importance as it marks the first time Bitcoin was used for a real-world purchase. The event dates back to May 18, 2010, when Bitcoin miner and software programmer, Laszlo Hanyecz, posted on the Bitcointalk.org forum that he was…

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We inquired with Bitcoin enthusiasts about the intensity of their celebrations for Bitcoin Halving Day on 4/20.

Bitcoin, Bitcoin halving, Bitcoin News, Blockchain, crypto, Uncategorized, Web3April 17, 202461Views0Likes0Comments
April 20th is a significant date for both marijuana enthusiasts and Bitcoin investors. It is celebrated by the former as a day to indulge in weed and for the latter, it signifies the historic "Bitcoin halving" which occurs once every four years. Bitcoin enthusiasts across Australia shared how they plan on celebrating the day. Santo, a…

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