If you are acquainted with the music biz, you must be aware of how middlemen typically take advantage of the musicians. Audius intends to counter this setback by enabling artists to publish their music and engage with their audience without involving any intermediaries. The platform’s user interface is similarly very simple and easy to navigate....Read More
LongHash Ventures – an Asian investment firm and accelerator that’s geared towards web 3 – has announced a $100 million venture fund for the decentralized web. The money will be targeted at “multi-chain Web3 infrastructure projects” supporting DeFi, NFTs, GameFi, and the metaverse. Per a press release shared with CryptoPotato on Wednesday, the fund will...Read More
Hotbit – a Shanghai-based cryptocurrency exchange – has indefinitely frozen all trading, deposits, and withdrawals of its users’ crypto assets. Yet unlike other firms, Hotbit said that its suspension of services is related to a legal battle it’s facing with law enforcement agencies, rather than bear market liquidity issues. Hotbit’s Legal Drama According to an...Read More
With the upcoming Vasil hard fork, Cardano is expected to see an overhaul on the network. The focus will be on ramping up throughput and smart contract improvements. In a recent report, on-chain analytics platform, Messari observed that Cardano is “priced more aggressively” when compared to other growing ecosystems due to Vasil. It further said...Read More
It’s been a while that Terra (LUNA) investors and traders who lost their money have been waiting for some genuine response from Do Kwon, Terra founder. The collapse witnessed Terra USD lose its peg against USD and Terra’s LUNA plunged to zero. Recently, the South Korean crypto exchanges Upbit and Korbit had promised to support...Read More
Following the halt to all CoinFLEX withdrawals in June – and the subsequent partial restart in July – CoinFLEX has filed a motion to be restructured with the authorities in the Seychelles Islands. In fact, the company’s headquarters are based in the islands. Fallout Blamed on a Single Margin Call The exchange’s troubles allegedly began...Read More
Polkadot’s innovation hub Astar Network has partnered with DeFi network Acala to boost decentralized finance (DeFi) by unlocking new opportunities and rewards for developers in the Polkadot ecosystem. The two entities have joined forces to launch a new DeFi program dubbed “Astar x Acala DeFi Rising.” The DeFi Rising Program According to a press release...Read More
In the 13 years of its existence, Bitcoin has risen from obscurity to $1 trillion highs, settling over $60 trillion in total transfer volume along the way. Despite these feats, Bitcoin’s decentralized design limits it to a mere 7 transactions per second. In times when demand to use the network exceeds 7 transactions, users experience...Read More
[PRESS RELEASE – London, UK, 10th August 2022] Tamadoge, the P2E metaverse meme coin, has raised $1 million after just 12 days of its beta sale. The beta sale began on July 25 and is scheduled to run until August 31, but will finish before then when the $2 million hard cap is reached. Once...Read More
[PRESS RELEASE – Los Angeles, USA, 26th July 2022] Alex Barkaloff, a founding member of X.LA Foundation, has shared his vision for onboarding billions to web3. At the recent CogX festival for CEOs, technology leaders, entrepreneurs, and investors, Barkaloff proposed how web3 must evolve to meet the needs of internet users the world over. He...Read More
Tesla CEO Elon Musk has reportedly disposed of nearly $7 billion worth of the company’s stock in recent days as his chaotic Twitter buyout bid still hangs in limbo. Musk, who happens to be Tesla’s largest shareholder, currently has only a 15% stake in the company. According to WSJ, disclosures show that the exec sold...Read More
In June, Coinbase shared an earnings report that worried investors, citing market conditions as the primary reason behind the drop in figures. At the time, Coinbase representatives assured investors that the company faces no major issues and that it will focus on consolidation to ensure that future business prospects take a turn for the better....Read More
DeFi liquidity pool giant Curve.Finance has suffered an exploit after malicious hackers attacked its front end, stealing cryptocurrency worth around $570,000. Paradigm security researcher “samczsun” alerted the community about Curve’s frontend compromise on Tuesday (August 9, 2022), warning people not to engage the protocol until further notice. 🚨🚨🚨@CurveFinance frontend is compromised, do not use it...Read More
Cryptocurrency markets, which offer positive trends, continue to provide buying opportunities where investors can profit in the long run. This buying window, which was evaluated by many, including big investors, has also triggered the appreciation of altcoins. The coin market, which has shown signs of a bull rally recently, also attracts attention with new projects....Read More
On 17 August 2022 at 12:00 UTC, we will delist the ALTMEXUSDT, DEFIMEXUSDT, and METAMEXUSDT perpetual swap contracts. The contracts will be settled early at 12:00 UTC on 17 August 2022 ( “Tsettle”) according to the standard practice described in our Exchange Guide. The decision to delist this contract has been made due to insufficient...Read More
On 12 August 2022 at 04:00 UTC, new ETH quarterly futures will be listed on BitMEX. To learn more about the Ethereum chain split, you can refer to the latest BitMEX Research blog post – ETHPoW vs ETH2 – and explore our ETH spot, ETH perps, ETH futures, and the new ETHPoW Linear Futures contracts...Read More
The 2022 crypto winter has claimed a new victim. On August 9, the German cryptocurrency exchange Nuri filed for bankruptcy before the Berlin court due to the prolonged bearish cycle that the crypto market has gone through since the beginning of the year. However, according to Reuters, unlike other platforms and investment funds that halted...Read More
One of the leading economies in the Middle East – Iran – reportedly made its first import order using digital assets. The initiative included goods worth $10 million and happened earlier this week. A Reuters coverage revealed that Iran’s Ministry of Industry, Mine, and Trade approved the first official order for importing items in the...Read More
