Bancor pauses impairment loss protection citing ‘hostile’ market conditions
Veteran DeFi protocol Bancor came under heavy scrutiny for pausing the impairment loss protection program at a time when liquidity...
Month: June 2022
Earning Passive Income by Purchasing Virtual Land Plots in Blockchain Games
There is certainly no denying that the gaming sector is witnessing a boom like never before, and behind this boom,...
Crypto lending can still survive bear market, analyst says
Bear markets are much more brutal for crypto lenders than cryptocurrency firms that don’t leverage users’ deposits, according to one...
Digital Asset Exchange Coinmena Secures Provisional License Allowing It to Operate in the UAE
Coinmena, the Bahrain-headquartered and sharia-compliant digital asset exchange, announced recently that it had secured a provisional virtual assets license from...
Meta Launches Metaverse Digital Clothing Store
Meta announced that it was launching a designer digital clothing store that will allow users to purchase pieces of clothing...
McKinsey: The Metaverse Could Generate $5 Trillion by 2030 — ‘Simply Too Big to Be Ignored’
Global consulting firm McKinsey & Company has forecasted that the metaverse may generate up to $5 trillion by 2030. In...
Synthetix racks up over $1M in daily fees as SNX token value surges 100%
L2 scaling solution Synthetix collaborated with Curve Finance to create Curve pools for sETH/ETH, sBTC/BTC and sUSD/3CRV, allowing investors to...
‘Worst quarter ever’ for stocks — 5 things to know in Bitcoin this week
Bitcoin manages a weekly close above $20,000, but the market is on a knife edge — can miners hold out...
Solend invalidates Solana whale wallet takeover plan with second governance vote
If Solend is unable to take over the account, some believe that it could cause a meltdown, driving Solana’s price...
What decentralization? Solana lender Solend approves whale wallet takeover to avoid DeFi implosion
There’s more trouble in DeFi as Solend launches a spur-of-the-moment move to crack into a whale’s wallet. On Sunday, the...
Marathon Digital keeps on mining despite BTC price slump
Earlier this month, Marathon said it has been accumulating or “hodling” its Bitcoin since October 2020. As of June 1,...
Nifty News: Christie’s NFT expert to lead CryptoPunks, fake heiress launches NFT collection
Noah Davis, the NFT expert for the auction house Christie’s, said he’s not looking to change the plan for CryptoPunks...
SBF and Alameda step in to prevent crypto collapse contagion
SBF also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius, noting that “this is definitely...
Coinbase is facing class-action suits over unstable stablecoins GYEN, USTC
The cryptocurrency exchange is accused of failing to do due diligence, among other things, after users lost large sums as...
Celsius recovery plan proposed amid community-led short-squeeze attempt
BnkToTheFuture co-founder Simon Dixon has proposed a recovery plan similar to the solution offered to Bitfinex after its Bitcoin hack...
