DeFi TVL has increased by about $6 billion since it was registered on December 31, 2022, reaching $46.86 billion as of January 23. This may indicate that some unsure players are still trying to find their footing after the crypto […]
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Over the weekend, Cardano stake pool operators (SPOs) and users reported that at least half of the nodes for the network briefly went offline. According to a Jan. 22 post shared on the Telegram SPO for Input Output Global, which […]
Binance Charity Fund, the charity arm of Binance Global Inc, has revealed its plan to fund 30,665 scholarships for Web3 in the year 2023. Web3 is the next iteration of the internet, built on blockchain technology, cryptocurrency, and non-fungible tokens. […]
Bybit CEO Ben Zhou Addresses Exposure to Genesis Market Event, Community Calls for More Transparency
Bybit, a leading cryptocurrency exchange, has recently faced questions from its community regarding the platform’s exposure to market risk, specifically in relation to the “Genesis” market event. The Genesis Fiasco Since Genesis filed for chapter 11 bankruptcy, the community has […]
DCG, a leading player in the crypto industry, announced today that its crypto-lending subsidiary, Genesis, has filed for Chapter 11 bankruptcy. The filing comes as a surprise to many in the industry, as Genesis had been one of the most […]
National Australia Bank (NAB) has announced the creation of a stablecoin, called AUD-N, which is pegged to the value of the Australian dollar. The bank aims to use this stablecoin as a means of settling transactions between banks more efficiently […]
Environmentalists have expressed worry over the excessive energy consumption of mining equipment and the absence of recycling in recent years. Miners have also expressed unhappiness with noisy mining equipment that emits a great deal of heated air and must therefore […]
In response to market conditions world’s leading cryptocurrency exchange, Coinbase, has announced that it will be halting operations in Japan. This news comes less than a month after another major exchange, Kraken, announced its withdrawal from the country. According to […]
Quick take HashKey Capital has successfully raised $500 million for its third fund, which it believes is the perfect time to launch due to the current market conditions being at the “bottom of the next cycle.” Hashkey Fintech Investment III […]
FTX, the unpopular cryptocurrency exchange, declared bankruptcy on November 11th, 2022, leaving many investors and traders in shock. However, despite the bankruptcy filing and the ongoing investigation on FTX, the exchange’s native token, FTT, has seen a massive surge in […]