Blockchain
OKEx Expands Extensive DeFi Offer, Listing DIA and Kleros PNK
OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has further amplified its offering of decentralized finance tokens by listing Decentralised Information Asset (DIA), an open-source platform for transparent, community-verified price oracles for DeFi applications, and Kleros (PNK), an open-source online platform for dispute resolution.
DIA spot trading against USDT went live at 12:00 pm UTC on Aug. 18, and DIA spot trading against ETH from 1:00 pm UTC on Aug. 18. DIA deposits opened at 11:00 am UTC on Aug. 18, and withdrawals became available starting from 11:00 am on Aug. 19. DIA value soared by as much as 60% when trading became available on the OKEx platform.
PNK spot trading against USDT became available at 8:00 am UTC on Aug. 19, and PNK spot trading against ETH at 9:00 am UTC on Aug. 19. PNK deposits opened up at 7:00 am on Aug. 19 and withdrawals will be available beginning at 9:00 am UTC on Aug. 21.
Growing the DeFi economy through collaboration
Exponentially growing leading DeFi protocols like Maker, Compound, Aave and Synthetix requires oracles to deliver critical fundamental data, such as asset prices. These oracles are one of the essential building blocks for a DeFi ecosystem to function and grow, and they must meet the requirements of DeFi’s promise of transparency and independence.
Today, however, most DeFi products still lack a robust pricing-data solution and rely on nontransparent data sources, which creates substantial risks for investors because the methodologies of price processing by oracles are not clearly stated. As the DeFi economy grows, so does the need for accurate price oracles to circumvent attacks from malicious actors exploiting technological and methodological vulnerabilities.
DIA provides trusted price oracles for DeFi applications. Its open-source platform allows for transparent price oracles that are entirely community-verified. DIA leverages crypto-economic incentives and the invaluable judgment of the community to source, validate and deliver trusted financial data. As a Swiss-based nonprofit association, DIA strives to democratize financial data, with transparent data sources and methodologies that are publicly accessible to everyone — from DeFi platforms, traders and financial institutions, to information providers, regulators and financial authorities.
Kleros (PNK), on the other hand, is an open-source online platform for dispute resolution that uses blockchain and crowdsourcing to fairly adjudicate disputes. Development efforts are coordinated by Coopérative Kleros, a Société Coopérative d’Intérêt Collectif (SCIC) incorporated in France. As DeFi grows, so does the need for effective solutions for dispute resolution, and Kleros is currently solving disputes in matters including exchange-listing procedures. All of its research and code development are open-source and free for anyone to use.
“We’re very encouraged to see the giant strides being taken in the DeFi economy,” said OKEx CEO Jay Hao. “As a real alternative solution to traditional financial services grows up around us, offering people the chance to make significant returns on their investments, it is essential that the space grows sustainably and with accurate price data that is free from manipulation and effective dispute resolution mechanisms to protect users’ interests. To that end, we are pleased to be listing DIA and PNK in order to further support DeFi’s progress.”
OKEx now lists a total of 19 DeFi tokens — and last week, it announced the creation of OKEx Oracle, its secure signed price feed that, like DIA, can be used by decentralized finance projects to gain access to reliable on-chain prices from a trustworthy source. Jay Hao added:
“With more than $6 billion of locked value in DeFi protocols, it’s clear that we are not going to see a retraction in DeFi any time soon. As banks offer their customers near-negative yields on savings and high interest rates on loans, DeFi provides an extremely attractive alternative. We’re thrilled to be leading the way alongside outstanding projects like these and are excited to see how far DeFi progresses in the future.”
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara
Blockchain
The World Market for RegTech 2025-2030: Growth Trends, Industry Chain Analysis, Regional Insights, SWOT Analysis and Market Shares of Leading Players – Thomson Reuters, Deloitte, PwC, Accenture, IBM & More
-
Blockchain6 days ago
Pelican AI and Christie Capital Announce Launch of Brokered Financing
-
Blockchain Press Releases5 days agoBybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
-
Blockchain Press Releases7 days ago
HTX Achieves 100% YoY Trading Volume Growth to $2.4 Trillion in 2024, Powers User Growth to Over 49 Million
-
Blockchain6 days agoBlocks & Headlines: Today in Blockchain (BubbleMaps, Pantera Capital, Week 2025, FP Complete, FP Block, Bybit, FarmX)
-
Blockchain Press Releases4 days agoThe Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
-
Blockchain5 days ago
Sportsbet.io Becomes New Title Partner of Snooker’s Players Championship, Tour Championship and Champion of Champions
-
Blockchain Press Releases6 days agoBybit Pledges RMB 5 Million to Support Relief Efforts Following Devastating Tibet Earthquake
-
Blockchain7 days ago
io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions
