Nina Petrov

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. […]

Decentralized Finance (DeFi) There are numerous misconceptions about the very nature of blockchain technology. One of the most prominent ones is that blockchain is value-neutral. However, exactly in the case of decentralized finance (DeFi), we can see an entire movement (if not ideology) aimed mostly at giving the people financial freedom from traditional, centralized finance. […]

Greed is Good? Let us admit to ourselves – before blockchain technology and crypto came about, we had seen trading financial assets only in the news or in movies. The world of Gordon Gekko or Jordan Belford (AKA The Wolf of Wall Street) seemed like a perpetual cycle of excitement, action, making tough, life-changing decisions, […]

The cryptocurrency exchange Unizen secured $200 million in an investment made by the private equity group Global Emerging Markets (GEM). Unizen will use the funds to further develop its business and crypto ecosystem. Part of the funding will be released upfront. The rest will be provided later, as Unizen achieves the agreed milestones. There’s no […]

The value of THORChain’s RUNE token is up 16% since June 22. Two days ago, the THORChain developers have announced the network’s mainnet launch. The THORChain team then also announced the launch campaign on Binance, with a $1 million worth of RUNE rewards for Binance’s users. According to CoinMarketApp, the current price of RUNE is […]

DeFi projects are seeing a surge in the amount of fees paid and token prices. For starters, the decentralized exchange Uniswap has outperformed its host blockchain Ethereum. According to data from Crypto Fees, between June 15 and June 21, average daily amount of fees paid on Uniswap was $4.87 million, while the daily average on […]

As part of the Aid for Ukraine crypto fundraising campaign, the government of Ukraine announced that it has sold a previously donated CryptoPunk NFT for 90 ETH. This amounts to over $100,000. Ukraine has been accepting crypto and NFT donations since shortly after the invasion of Russian troops began in late February. So far, it […]

The blockchain company VeChain is the first Web3 institution to sign a sponsorship deal with UFC. The deal is valued at almost $100 million. The VeChain’s logo will be displayed in the Octagon arena for the first time in the Teixeira vs. Prochazka match on Saturday. VeChain is a public network compatible with Ethereum. It […]

Optimism, the company known for its Ethereum layer-2 scaling solution, lost 20 million of its OP token in the process of preparing for the token’s initial launch. The value of lost tokens, now in possession of an anonymous hacker, amounts to some $35 million. OP is the native token for the Optimism Collective DAO (decentralized […]

BNB Chain has announced the launch of a technical roadmap designed with the intention to enhance the network’s decentralized structure, infrastructural capacity for sidechains and potential for developer-built decentralized applications (DApps) to improve performance and efficiency. Announced at the BNB Chain Revelation Summit, the document also revealed the latest iteration of the Most Valuable Builder […]