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CDPQ, one of the biggest Canadian pension funds, has officially written off the $150 million investment it made in the now bankrupt crypto lender, Celsius. The company is not expecting to receive any of that sum back. CDPQ’s representative stated that the company has underestimated the challenges of dealing with crypto, which is yet again […]
After the DeFi protocol Curve Finance was hacked for $537,000 this Tuesday, the crypto exchange Binance has now managed to recover $450,000 of that amount. According to Binance’s CEO, Changpeng Zao, the exchange detected the hacker’s multiple attempts to send the funds to Binance in various different ways. The crypto exchange is now busy returning […]
According to a report made by Elliptic, a blockchain forensics firm, there has been at least $540 million laundered on the RenBridge so far. By using this cross-chain bridge, criminals have converted crypto from one asset into another and then moved it over various blockchains in order to cover the trace of money. Elliptic’s report […]
After a successful conference last year, NEAR Ecosystem’s most hyped event is back again this September in Lisbon. And it looks like they invested even more effort (and money) into it this year. There will be lots of discussion about Web3 and its future development. NEAR is promising 2000+ delegates, including well-known economists, politicians, and […]
As the realm of decentralized finance (DeFi) is evolving into its second phase, the developers of DeFi 2.0 projects are looking to address some of the key issues that trouble DeFi 1.0. Such DeFi 1.0 projects have done an important job of establishing the initial userbase and the technological foundation upon which DeFi 2.0 projects […]
Web3 lovers, rejoice! There’s a neat upcoming conference that’s likely to satisfy your curiosity about the future development of the Web3 space. The TOKEN2049 will be held at the end of September in Singapore, and will feature key people from prominent Web3 companies. They will be exhibiting their projects, as well as discussing the current […]
It’s time for another neat crypto conference, and this one’s just around the corner. This August, Coinfest Asia will feature experts from the world of crypto, who will be discussing the future of all things cryptocurrency. New and exciting solutions, innovations, and blockchain use cases will be demonstrated. Coinfest Asia is not your typical crypto […]
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. […]
According to CryptoSlam, the P2E game Axie Infinity saw a 205% increase in NFT sales over the past week, making a total of $1.3 million. This comes after Axie Infinity introduced the support for staking on July 4. This feature enables Axie Infinity Land NFT buyers to earn a passive profit in Axie’s native AXS […]
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 […]
