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…
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…
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…
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…
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…
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…
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…