Industry analytics firm DappRadar has just released a report on the situation, and it doesn’t look pretty. On May 13, the firm reported that DeFi’s total value locked (TVL) is down more than 40% over the past seven days. It stated that the slump had been caused by investors flipping tokens into stablecoins in preparation...Read More
Since the 21st of November 2021, the team at Polkadot has conducted regular DOT-based auctions for one of the coveted slots in their parachain network. There are plans for 100 parachain slots, give or take. Auctions for the first 41 have already been planned, with one happening roughly every ten days. The 16th auction started...Read More
Litecoin has launched the new privacy-focused MimbleWimble upgrade. The changes have proliferated across the network for use by LTC wallets and nodes. Will it bring new enthusiasm to the flagging PoW coin? Released earlier this month after a majority of nodes approved the MimbleWimble (MWEB) update, the upgraded implementation will be able to transact with...Read More
The CEO of the world’s leading cryptocurrency exchange Binance, Changpeng Zhao (CZ), said that he expects more transparency from Luna’s team following last week’s UST-LUNA fiasco. Last week saw a top cryptocurrency literally go to zero in a matter of days. UST – Terra’s algorithmic stablecoin – lost its peg and crashed to some $0.225....Read More
As the cryptocurrency industry continues to be shaken by the Terra blockchain’s failure and the price crash of its native token, LUNA, and its algorithmic Stablecoin, UST, suspicions have arisen concerning the whereabouts of around 80,000 Bitcoin units belonging to the ecosystem. The claimed Bitcoin was intended to be held in trust by the Luna...Read More
After the UST de-peg, which occurred on May 9th, LUNA and UST prices continued to drop, hitting new all-time lows day after day. While several influencers are urging investors to purchase LUNA at such low prices, the truth is that investor confidence in the cryptocurrency is lost, and users need to cut their losses and...Read More
Earlier this week, former English football star Michael Owen, alongside his business partner Oceidon, a Guernsey-based blockchain technology provider, rolled out a new non-fungible token (NFT) project dubbed Legacy. However, it quickly drew criticism. An NFT Collection That Doesn’t Lose Value? The partners claimed that the NFT collection was designed in such a way that...Read More
Shiba Inu price research analysis shows that the altcoin is still in a downturn, as Shib-bulls struggle to build the necessary momentum for a turnaround. As a result, the altcoin is anticipated to continue the downward trend in the coming days. However, as market volatility decreases, the resistance and support levels move closer together, making...Read More
Blockchain analyst firm Chainalysis published a new report focused on the illicit activities occurring on blockchains, noting that DeFi protocols are the most popular target hackers tend to go after and that money laundering in the space has risen in the past two years. DeFi as Hackers’ Primary Target Since the DeFi Boom occurred in...Read More
The professional soccer team based in Catalonia, Spain – RCD Espanyol – will enable fans to purchase game tickets, merchandise products, and food and beverages in several cryptocurrencies. The offering will be available with the start of La Liga’s next season (August 2022). The First in La Liga to Embrace Crypto Digital assets and the...Read More
