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🚀 Layer 2 solutions like Arbitrum and Optimism are taking over! They’ve displaced the Ethereum mainnet in daily transaction volume for the first time. With faster and cheaper transactions, these L2 giants are a hit among users, making up nearly 80% of all L2 solutions. 🔥DeFi protocols and projects like Galxe are driving adoption of these L2 solutions, making them the go-to choice for many Ethereum users. 🚀
Following the troubling news of the open investigation into Nexo in Bulgaria and yesterday’s raid on the lender’s offices, blockchain analysts have witnessed a “flood of withdrawals” from the platform. Still, Nexo says it’s all business as usual. Related: Nexo is under money laundering investigation in Bulgaria Crypto intelligence team Arkham spotted an abnormal activity […]
Today, SEC accused Gemini and Genesis of an unregistered offering of securities through the Gemini Earn lending product. Investigations into other securities violations are ongoing. In February 2021, Gemini opened a Gemini Earn product with Genesis, in which the latter was a lender, and Gemini acted as an agent for its customers. In return for […]
Crypto exchange Coinbase is experiencing a second round of layoffs. This time, Coinbase intends to lay off 950 employees and shut down several projects. Last June, Coinbase laid off 18% of jobs, or 1,000 employees, to “ensure we stay healthy during this economic downturn.” As it appears now, with another wave of cutting jobs at […]
One of the reorganization options for Celsius would be to become a publicly traded U.S. regulated company. Celsius is looking to issue a new token to repay its debt to creditors, frozen on the platform since June last year. According to a Jan. 24 Bloomberg report, citing the recent video recording of the bankruptcy hearing, […]
BlockFi plans to sell $160 million worth of bitcoin-backed mining loans amid bankruptcy proceedings. The company has also requested to pay bonuses to key talent to retain employees. The recent Bloomberg report revealed the company had started a bidding process for mining loans last year. However, some of those loans, which are around $160 million […]
According to court documents, the first hearing in the Genesis Capital bankruptcy case is scheduled for January 23 at 2 p.m. Eastern Time. Judge Sean H. Lane, appointed by the United States Bankruptcy Court for the Southern District of New York, will decide whether to accept the Chapter 11 relief requested by Genesis and its […]
Bitcoin’s (BTC) price almost surpassed a 10-year record, and Ethereum (ETH) will reach some milestones in the second quarter of 2023 due to the upcoming mainnet update. If the price of bitcoin (BTC) continues to rise, which it has been doing daily for the past 15 days, it will overturn the record set by the […]
One of the reorganization options for Celsius would be to become a publicly traded U.S. regulated company. Celsius is looking to issue a new token to repay its debt to creditors, frozen on the platform since June last year. According to a Jan. 24 Bloomberg report, citing the recent video recording of the bankruptcy hearing, […]
BlockFi plans to sell $160 million worth of bitcoin-backed mining loans amid bankruptcy proceedings. The company has also requested to pay bonuses to key talent to retain employees. The recent Bloomberg report revealed the company had started a bidding process for mining loans last year. However, some of those loans, which are around $160 million […]
According to court documents, the first hearing in the Genesis Capital bankruptcy case is scheduled for January 23 at 2 p.m. Eastern Time. Judge Sean H. Lane, appointed by the United States Bankruptcy Court for the Southern District of New York, will decide whether to accept the Chapter 11 relief requested by Genesis and its […]
Bitcoin’s (BTC) price almost surpassed a 10-year record, and Ethereum (ETH) will reach some milestones in the second quarter of 2023 due to the upcoming mainnet update. If the price of bitcoin (BTC) continues to rise, which it has been doing daily for the past 15 days, it will overturn the record set by the […]
The Seoul Metropolitan Government launched the first phase of the Metaverse Seoul project, which allows the public to access the civil services in the metaverse: from tax returns to official documents. Following the test of the beta version of the virtual environment, the mayor of Seoul, Oh Se-hoon, announced the opening of the first phase […]
Institutional investors will soon be able to store their off-exchange collateral in cold wallets through Binance Custody, according to a recent announcement. The move comes in the wake of dwindling trust in centralized crypto companies following the collapse of FTX. Binance is trying to restore that trust by keeping leveraged positions off the internet. Binance […]
Meme coin developers have announced the launch of the Ethereum mainnet beta testnet. Shibarium will serve as a layer 2 network focused on metaverse and NFTs. In a recent community blog posted on Sunday, Shiba Inu developers hinted at a foreseeable Shibarium testnet launch: We ask the community to please understand, that this phased release […]
Anthony Scaramucci, the founder of Skybridge Capital, is investing his personal money in the new software company founded by Brett Harrison, the former president of FTX.US. After leaving FTX.US in September, Brett Harrison planned to remain with the company as an advisory member. However, in the weeks following FTX’s collapse, Harrison announced that he was […]
The Financial Times reports that the Digital Currency Group (DCG) plans to sell some assets from its venture portfolio to help Genesis with its $3 billion deficit. According to FT, DCG’s (Digital Currency Group) portfolio is worth $500 million. It is heavily invested in over 200 crypto projects, including data intelligence platform Dune Analytics, USDC […]
What is Web3 gaming In a nutshell, Web3 games are digital games leveraging Web3 technologies, such as blockchain, NFTs, Decentralized Autonomous Organizations, etc. These technologies bring a number of benefits to the gaming industry. We will briefly summarize these advantages below. Complete ownership over in-game assets by gamers Unlike traditional games, in-game assets in Web3 […]
I’m sure you already know Telegram is one of the five most-used messaging services in the world. According to trustworthy media reports, Telegram introduced a peer-to-peer cryptocurrency exchange. Even though Telegram announced functionality that enables “anonymous P2P transactions”, users still must give their mobile phone numbers to purchase, sell, and trade crypto tokens. Telegram @Wallet […]
A widely anticipated software update for one of the most well-known cryptocurrency systems, Ethereum, was released last week in response to recent pressure on the digital asset markets. Many people have been wondering whether an alternative, energy-efficient consensus protocol for the crypto industry will ever happen because the upgrade, known as “The Merge”, has been […]
Ever wonder how to add MOVR, Moonriver-based tokens, to your MetaMask wallet? Here is an ultimate step-by-step guide with several solutions. You’ll need to connect to Moonriver manually, but if you’ve read the guide, you’ll get it done quickly. Let’s dive in. This guide is especially important for those who decide to enter the space […]
You’re not alone if you’re interested in learning about crypto but don’t know where to start. The world of crypto can be overwhelming, with a seemingly endless amount of information and resources available. In this comprehensive resource guide, we will provide the best of resources to learn crypto. We’ll cover everything from understanding the basics […]
Market makers are the unsung heroes of financial markets. From driving trading volumes for exchanges to facilitating large-size orders without extensive market impact, market makers engage in various activities to improve trading conditions. In the crypto ecosystem, market makers play an even bigger role than legacy systems because of the absence of liquidity, which becomes […]
One of the biggest misconceptions in our industry is that cryptocurrencies are used for masking real-world identities. Despite physical cash accounting for much larger illicit financing than crypto, we continuously see a false narrative around cryptocurrencies being used for money laundering and whatnot. Anonymity in crypto is a puzzling matter because, on the one hand, […]
Are you interested in the crypto industry, blockchain technology, and growing your company to reach as many customers and investors as possible? Every industry and business area may someday experience significant effects due to the global adoption of blockchain technology. Because of this, the plan of Crypto Expo 2022 is to provide a comprehensive grasp […]
In 2021, Mark Zuckerberg changed the name of his company, Facebook, to Meta as part of a colossal rebranding campaign. From that moment on, the interest in augmented reality and the future of the internet has been spreading like wildfire. Everyone is talking about these new technologies and billions of dollars are invested in promoting […]
Spotting the crypto market bottom (the lowest point in price) is easier said than done. The same goes for timing the market properly, selling at the top, and getting the most out of your initial investment. That’s why trend reversals and switches from bear markets to bull markets are such a big deal. Traders who […]
We prepared a contest with our friends from Subsocial. Pick one of the 10,000 Spacers and buy a space sword or blaster to go with it. Or try your luck in our raffle and get 4 Spacers pod NFTs with random equipment and TradeCrypto patch. Fasten your seatbelts. A ticket to a one-of-a-lifetime journey to […]
Toncoin (TON) Toncoin Price Toncoin to USD Chart Converter TON to USD TON Coin Price Prediction According to the CoinCodex Toncoin price forecast, the value of Toncoin will increase by 4.58% and reach $2.15 by January 2, 2023. The current sentiment is bearish, while the Fear & Greed Index indicates 28 (Fear). Toncoin recorded 19/30 […]
How many times did you have to sell some of the cryptocurrencies you really believed in just because you needed some cash ASAP? Quite a few, right? If only there was a way to borrow fiat money and leave your portfolio intact… Well, there’s a way. You can take out loans from various financial service […]
Celsius crypto loans review The land of crypto loans is an area to be explored if you have the stomach for it. As the crypto market grows, so do associated financial fields. One of the intriguing players is Celsius Network. The idea which originated in a coffee shop during a break has taken off with […]
Defi Solutions Review: Auto Lending Software Provider Overview People cannot go a single day without reaping the rewards of automation. Automation is present in everything: from robotic carrying and packaging at warehouses and better quality cars, to the coffee machine that starts your day. No matter where you look, the benefits of automated systems are […]
Aave Review: A Complete Guide Decentralized finance platforms have been taking center stage in the world of cryptocurrency for the past several months. Within this realm, decentralized lending protocols are truly spearheading the way for an increasing number of emerging independent projects through their attractive loan services, ease of access, rich communities and, more often […]
The popular crypto exchange and lending platform, BlockFi, has been making the news recently. In early June, BlockFi was forced to lay off 20% of its staff, due to the negative impact of shifting global economic conditions. The company also had to eliminate all non-critical vendors, and reduce its executives’ compensation and overall marketing budget. […]
Anyone who’s ever traded crypto has heard of Binance. When we compare the trading volume on all crypto exchanges in the world, we can see that this trading platform easily dominates the crypto industry in this regard. Namely, the trading volume on the Binance exchange, on most days, is at least five higher than on […]
Alchemix self-repaying loans allow you to leverage a range of tokens avoiding the risk of liquidation. You avoid liquidation by borrowing a synthetic version of the amount you deposit. With Alchemix, you can spend and save at the same time and borrow up to 50% of your deposited collateral. Alchemix is the first same-asset loan […]
What is Compound Finance? June 16, 2020, was a pivotal day in the world of decentralized finance (DeFi): Compound Finance launched its ($COMP) governance token and sent the crypto world into a state of exhilaration. Only a single day of trading was enough for $COMP to become the leader of the DeFi ecosystem, toppling down […]
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