Latest news with #DAI
Yahoo
4 days ago
- Business
- Yahoo
Bitcoin, Ethereum, Solana, and more: The top 15 cryptocurrencies everyone should know
Cryptocurrency is a growing sector in finance, influencing how we approach financial systems and investment opportunities. Each digital asset in the market has its own features and potential. But with thousands of cryptocurrencies in existence, knowing which ones might be right for you can be a challenge. Whether you are new to digital assets or just looking to stay informed in the global financial conversation, understanding the more prominent cryptocurrencies can provide perspective on how the space is developing. Here are the top 15 digital assets that stand out for their market value, innovation, and adoption potential. Classified as a stablecoin — a type of cryptocurrency intended to maintain a consistent value — DAI is designed to minimize volatility through smart contracts (digital contracts stored on a blockchain) that adjust for supply and demand. It's governed by the MakerGAO protocol and backed by overcollateralized cryptocurrency assets, meaning the value of the collateral backing the crypto is always higher than the total value of the issued DAI. The goal of DAI is to maintain a ratio of 1 DAI to $1 USD. DAI is generally more stable than other cryptocurrencies, but it may fluctuate during times of market stress. DAI is widely used in the decentralized finance (DeFi) ecosystem — a system of financial applications built on blockchain technology that allows users to borrow, lend, trade, and earn interest without relying on traditional banks. It appeals to those who value decentralization and transparency. Tronix is the native cryptocurrency of the TRON blockchain platform. It gives users more control over their data and enables developers to create decentralized applications (DApps) — programs that run on a distributed network of computers rather than a central server. This decentralized approach often increases security and user control. After purchasing TRX through a cryptocurrency exchange, you can use it to tip content creators and purchase games and apps on platforms built on the TRON network. The SHIB cryptocurrency started as a meme-based joke, but it quickly became popular among crypto investors because of its community-driven nature and viral appeal. It was created by an anonymous figure known only as 'Ryoshi' to compete with Dogecoin, Elon Musk's favorite memecoin. It enticed buyers and captured attention with its playful mascot. SHIB also immediately stood out because it was one of the first to be controlled by community members who could actively participate. Like DAI, USDC is a stablecoin designed to keep the value of one unit as close to $1 USD as possible. The biggest difference between the two is that USDC is backed by fiat currency, government-issued money not backed by a physical commodity like gold and silver, which includes U.S. government securities and cash. USDC originally launched on the Ethereum blockchain but is now available on multiple platforms, including Polygon, Base, and Avalanche, increasing its accessibility across crypto ecosystems. Tether Limited introduced its cryptocurrency several years before USDC, DAI, and other stablecoins entered the market. Like USDC, Tether is pegged to the U.S. dollar, so its value remains stable over time. USDT is available on more than a dozen platforms, so it has a relatively high trading volume compared to other stablecoins. Instead of facilitating individual transactions, Ripple's XRP gives banks and other financial institutions a faster, more secure way to transfer money across borders. Another difference between XRP and other digital currencies is that it provides liquidity and converts one fiat currency to another. For example, XRP can be used to convert U.S. dollars to Chinese yuan in Ripple's cross-border payment system. Polygon isn't a separate network — it's a sidechain or scaling solution designed to work alongside Ethereum. Because of its popularity, Ethereum can be slow and costly. High transaction fees make it difficult for users to earn a return on small investments. Polygon helps by processing transactions off the Ethereum chain, reducing costs and preventing delays. MATIC, Polygon's native token, can be used for purchases, staking rewards on your crypto balance, and voting on proposed network upgrades. Developed by Ava Labs, the Avalanche network offers a faster and more scalable alternative to Ethereum and other high-traffic blockchain platforms. AVAX, its native token, is used for staking (earning rewards), transactions, and trading. What makes the Avalanche network stand out is its eco-friendly design. AVAX uses less energy than proof-of-work cryptocurrencies like Bitcoin, appealing to investors who want to trade crypto while minimizing their carbon footprint. Telegram, a cloud-based messaging service, originally developed the Telegram Open Network (TON) with the intention of launching a cryptocurrency known as Gram. The company raised more than $1 billion in a private token sale, but had to abandon its plans when the Securities and Exchange Commission filed a lawsuit alleging that Telegram raised the funds by selling unregistered securities. After Telegram withdrew from the development and launch of the TON blockchain and Gram token, the project continued to develop under the name 'The Open Network' and became community-led. Telegram continues to allow its users to send TON cryptocurrency directly within the messaging app, despite no longer controlling the project. Jackson Palmer and Billy Markus created Dogecoin as a satire to highlight the volatility of the early cryptocurrency market. While it started off as just a memecoin, DOGE gained traction, becoming a viable alternative to Bitcoin and Ethereum. Elon Musk further boosted DOGE by frequently referencing it on social media, and eventually using its ticker symbol as the shorthand for his Department of Government Efficiency. Like other cryptocurrencies, DOGE can be used for online tipping, charitable donations, investing, and quick, low-cost payments. Named after Ada Lovelace, a mathematician whose work helped make modern computer programming possible, ADA is the native coin for the Cardano platform. While Cardano supports smart contracts, it doesn't consume as much energy as other blockchain platforms, giving users a more sustainable option. Cardano also uses a unique proof-of-stake system to validate transactions, making the platform more secure and scalable. The Solana platform offers the same basic functions as other blockchain platforms, but with faster transaction speeds. You can send money to someone thousands of miles away in seconds. Solana's founders also wanted to keep fees low, making the platform highly attractive to users who want to make small payments rather than deposit hundreds of thousands of dollars. Developed by Binance, one of the biggest players in the crypto industry, BNB enables users to earn rewards, send payments, play games, and cover transaction fees. One reason for BNB's popularity is that Binance regularly burns a portion of its digital tokens, reducing supply and potentially increasing the value of the remaining cryptocurrency. Less than a year after Ethereum launched, hackers stole $50 million from the DAO, one of the network's largest decentralized apps. The theft led to a split in the Ethereum community and resulted in the creation of Ethereum (ETH) and Ethereum Classic (ETC). Despite this, the platform's momentum stayed strong, and developers continued to use Ethereum to build decentralized applications and make payments, which resulted in unprecedented growth. Ethereum has even been able to reduce its energy consumption by switching from a proof-of-work system to a proof-of-stake system — a move that began with the Ethereum 2.0 upgrade. As the original digital payment token introduced to the public in 2008, Bitcoin is used by investors and consumers for value exchange — trading digital assets for other assets — and purchases. Developed by an anonymous group or individual using the pseudonym 'Satoshi Nakamoto,' BTC is one of the largest and most well-known cryptocurrencies. This worldwide cryptocurrency is open source, meaning it isn't owned by any one person and everyone can use it. It was also one of the first cryptocurrencies to receive support from major companies, including Tesla, PayPal, and Microsoft. Since its launch, Bitcoin has undergone several updates, making it faster, more efficient, and more scalable. For the latest news, Facebook, Twitter and Instagram. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
20-05-2025
- Entertainment
- Yahoo
Museum to offer free general admission on selected Sundays
The video above is about graffiti art in Dayton. DAYTON, Ohio (WDTN) – To make art accessible to everyone regardless of financial background, the Dayton Art Institute (DAI) will offer free admission days. The first 'Art For All' Day will be on Sunday, June 1, when the DAI will offer free general admission to all visitors. This special initiative will give guests free access to the collection galleries and the Special and Focus Exhibitions. The museum's patron sponsors, Ramona and Todd Vikan; and supporting sponsors, Eric and Karen Spina, have made this initiative possible. Free summer admission for military families at Dayton Art Institute There will be two more 'Art for All' days on Sunday, August 17 and Sunday, December 7. These days were selected to coincide with major events in DAI's exhibition schedule, which are as follows: June 1 – Jamie Wyeth: Unsettled August 17 – Curtis Barnes, Sr., Dayton Icon December 7 – The Triumph of Nature: Art Nouveau from the Chrysler Museum of Art To learn more about the DAI, including current museum hours and updates, click here or call 937-223-4ART (4278). Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
15-05-2025
- Entertainment
- Yahoo
Free summer admission for military families at Dayton Art Institute
DAYTON, Ohio (WDTN) – Military families will be able to view art for free this summer through an annual initiative. The Dayton Art Institute has announced it will again join the Blue Star Museums initiative to give military families free admission all summer. The program will start on Armed Forces Day, Saturday, May 17, and end on Labor Day, Monday, Sept. 1. This program is open to active-duty personnel and their families. This national initiative is supported by the National Endowment for the Arts, Blue Star Families and the Department of Defense. For a full list of participating museums, click here. 'At the DAI, we are incredibly proud to participate in the Blue Star Museums program each year as a way to honor and thank the brave military families who sacrifice so much for our country,' said Michael Roediger, DAI director and president. Roediger says its more than just free admission. 'It's our invitation for military families to find moments of joy, connection and inspiration at the museum, time and time again. We hope they'll visit often, not just in the summer, but throughout the year,' said Rodiger. Multiple local schools receive Purple Star Award for supporting military families This program is open to all active-duty members of the United States Military and up to five of their family members. Those included are the following: Air Force Army Coast Guard Marine Corps Members of the Reserves National Guard Navy NOAA Commissioned Corps Space Force U.S. Public Health Commissioned Corps People who qualify must show a Geneva Convention common access card (CAC), DD Form 1173 ID card (dependent ID), DD Form 1173-1 ID card or the Next Generation Uniformed Services (Real) ID card for entrance. Ex-AMVETS Post commander accused of defrauding group around $622K The DAI also offers active-duty military personnel, and their families, a $10 discount on the purchase or renewal of an individual, duo or family membership. The DAI is located at 456 Belmonte Park North, Dayton. The hours are as follows: Wednesday: 11 a.m. to 5 p.m. Friday-Saturday: 11 a.m. to 5 p.m. Sunday: Noon to 5 p.m. Thursday Extended Hours: 11 a.m. to 8 p.m. To learn more about the museum, click here or call 937-223-4ART (4278). Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
13-05-2025
- Business
- Yahoo
DeFi Savings Protocol Sky Slumps to $5M Loss as USDS Interest Payments Wipe Out Profit
DeFi savings protocol Sky posted a first-quarter loss of $5 million after interest payments to token holders more than doubled, according to a report created by Sky contributors from Steakhouse Financial. The loss is a stark turnaround from the previous quarter, when Sky, formerly known as MakerDAO, registered a $31 million profit. The reason for the 102% increase in interest payments is the decision to incentivize use of the protocol's newer Sky dollar stablecoin (USDS) over the existing DAI. "The Sky Savings Rate was kept very high at 12.5% relative to the rest of the market, driving massive inflows" Rune Christensen, co-founder of Sky, told CoinDesk over Telegram. When Sky began lowering interest rates to 4.5% in February, a lot of investors stuck around, he said. The situation is a double-edged sword for the protocol, which was among the first cohort of decentralized finance apps to spring up on Ethereum in 2017. Sky operates similar to a traditional bank. It needs to lend to others at a rate higher than it pays its savers. However, offering higher rates on USDS without a corresponding increase in demand for the stablecoin is hurting the protocol's profitability, PaperImperium, governance liaison at blockchain research and development company GFX Labs, told CoinDesk over Telegram. "USDS is a major drag on earnings," he said. "DAI makes money. USDS, not so much." The push toward USDS is part of Sky's so-called Endgame plan, an initiative led by Christensen aimed at transforming the protocol into a more decentralized and resilient system. When Sky rebranded from MakerDAO and launched USDS in August as part of Endgame, the plan was that the new stablecoin would appeal to a different set of users than DAI. USDS was designed to better comply with regulations and financial reporting requirements. It was targeted toward sophisticated investors like hedge funds, family offices and other institutions looking to dip their toes into decentralized finance. But it's unclear if USDS has been able to attract a substantial number of new users. The returns investors can earn on USDS comapred to DAI is different: USDS pays out 4.5%, while DAI yields 2.75%. Many investors swapped their DAI for USDS, meaning Sky had pay out more to people who previously were happy to earn a lower yield or, in many cases, no yield at all, PaperImperium said. To be sure, the report said the combined supply of USDS and DAI has increased 57% since the start of the quarter. But a large part of this increase is from Ethena, the synthetic dollar protocol. It has piled over $450 million into staked USDS, and passes the yield on to those who stake its own stablecoin, USDe. Over the past week, Ethena has switched some of its reserves from USDS to USDtb — a stablecoin backed by BlackRock's USD Institutional Digital Liquidity Fund, or BUIDL. The move means there's less USDS in circulation. But it may also benefit Sky by reducing the amount of interest the protocol must pay out. Read more: Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
Gemini Credit Card review: Earn crypto rewards by making eligible purchases
Digital assets have been gaining ground in recent years, with many large financial firms warming up to cryptocurrency. Some companies even allow you the option to buy crypto with a credit card. In the case of The Gemini Credit Card®, you earn crypto rewards via eligible purchases. If you're on the fence about whether a crypto card is right for you or if you'll get approved, you can prequalify for the Gemini Credit Card without affecting your credit score. Gemini will conduct a basic review of your credit history as part of the prequalification process. Note that prequalifying doesn't guarantee you'll get approved for the card, but it can offer some most rewards credit cards, the rewards you earn during a given month won't show up in your account until the end of your billing cycle. The Gemini Credit Card works differently. Instead of getting rewarded at the end of your billing cycle, you'll earn your rewards instantly after purchases (note that some purchases may have to clear before receiving rewards). This flexibility is valuable and could help you benefit from upswings in the crypto market supports over 50 cryptocurrencies, and you can choose which crypto rewards you'd like to earn with your card. For instance, you might decide you'd like to earn Bitcoin rewards by default, but if you notice that the market is favoring Ether, you could switch your rewards quickly by logging into your card account. There's no limit to how often you can switch your rewards. That said, the option to earn rewards in over 50 cryptocurrencies is useful, but there are no other options for redeeming rewards with the Gemini crypto credit card. Some of the available crypto rewards options include: Amp (AMP) Bitcoin (BTC) DAI (DAI) Dogecoin (DOGE) Ethereum (ETH) Litecoin (LTC) Polygon (MATIC) USD Coin (USDC) If you like metal cards and crypto, the Gemini Credit Card could be an ideal option. It has a sleek design you'd expect from a metal credit card, and you can choose from three different color options: rose gold, silver, or black. The option to customize colors offers some fun and added flexibility. This card also offers a fairly unique feature to keep your card number more secure. With most credit cards, the card number is printed directly on the front or back of the card itself. The Gemini crypto credit card doesn't have the card number printed on it at all. Instead, you can access your card number by logging into your account via the web or Gemini app. The lack of a number on your card could offer added credit cards give you a 0% introductory APR on new purchases, balance transfers, or both for a set period. Unfortunately, the Gemini credit card is not one of those cards. The card's regular APR of 17.24% - 29.24% applies immediately, and your APR will depend on your mentioned, the Gemini Credit Card doesn't have an annual fee or a foreign transaction fee. You won't pay any exchange fees on Gemini when you earn crypto rewards, either. That said, you will pay a few fees as a cardmember: Cash advance: either $10 or 3%, whichever is greater Late payment: up to $8 Returned payment: up to $35 Fees may also apply when you sell crypto on Gemini If you want to expand your rewards-earning power, you can add up to five trusted friends, family members, or other individuals to your Gemini Credit Card account. Users can spend with the Gemini card, and you can create pre-set spending limits and add or remove users anytime by logging into your this card, you'll get access to World Mastercard benefits like exclusive deals with popular merchants like Lyft, Instacart, Peacock, and Resortpass. Besides deals, you'll get benefits like theft and zero liability protections, access to emergency assistance through Mastercard Global Services, special vacation offers through Mastercard Travel & Lifestyle Services, and more. There aren't many credit cards that provide crypto rewards for eligible purchases. However, you can use cash-back credit cards to earn cash back and then use that toward crypto purchases. Why we like it: The Chase Freedom Unlimited is one of our favorite cash-back cards because it offers an elevated rewards rate on all eligible purchases, plus higher rates in specific spending categories, such as dining. This makes it easy to always earn rewards on purchases you're already making. How to redeem rewards for crypto purchases: There's no minimum amount to redeem for cash back and you can receive a direct deposit into most U.S. checking and savings accounts. This is essentially straight cash you can use for whatever you want, including crypto we like it: The Capital One Savor is one of the most rewarding cards available for earning cash back on everyday purchases. If you want a high rewards rate on purchases like dining and groceries, consider this card. How to redeem rewards for crypto purchases: You can redeem rewards for a check, which you can deposit into a bank account and use for any eligible purchase, including buying we like it: The Citi Custom Cash Card lets you customize how you earn your cash back, which is fairly unique among rewards credit cards. Maximizing your earning potential is simplified because you automatically receive a high 5% cash-back rate on your top eligible spend category each billing cycle (up to $500 spent). How to redeem rewards for crypto purchases: ThankYou Points can be redeemed for bank deposits or checks, giving you two ways to get the cash you need for crypto article was edited by Ben Walker (CEPF, CFEI®) Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
