Gauntlet, a decentralized finance (DeFi) risk management entity, seems to be facing some backlash on its latest proposal on the Aave governance forum after it was accused of fixing in elements of a previous one that was voted down by the community. The proposal in question seeks to mitigate the risks regarding a loan tagged...Read More
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) My faith in humanity’s future was restored a few weeks back after I visited a truly exceptional coffee shop...Read More
Cryptocurrency exchange Bitfinex has recovered some of the funds it lost after being hacked in August 2016. The recovered assets will be used to compensate holders of the exchange’s Recovery Right Tokens (RRTs), which were issued to impacted creditors after the security breach. How Much Was Recovered? As announced by Bitfinex on Thursday, the United...Read More
OpenAI has disabled Browse With Bing, the internet surfing feature available to ChatGPT Plus users. In a tweet thread, OpenAI reasoned that the Browse feature can occasionally produce results in a manner that it doesn’t want it to. Straying Into Protected Content “We’ve learned that ChatGPT’s “Browse” beta can occasionally display content in ways we...Read More
There’s no respite for BlockFi as the bankrupt crypto lender struggles to pay its creditors and customers. BlockFi has brought forward several proposals since sliding into bankruptcy last year owing to the market turmoil. However, FTX’s latest legal filing poses a hurdle for the now-defunct company as it accuses BlockFi of abusing the planning process....Read More
The memecoin resurgence appears to have faded, but that has not stopped the Shiba Inu token (SHIB) from stealing some of the limelight. On July 5th, SHIB was one of the tokens accounting for the highest transaction fees, which was indicative of a surge in activity around it. Recent data suggest that the SHIB network...Read More
Meme coins are a very hot topic in the cryptocurrency field, and some of them have been known for their explosive growth. One trending meme coin that’s currently going through its presale is Alex The Doge (ALEX), and some analysts seem to be optimistic about its potential for success. The unique features and strong foundation...Read More
Sydney, Australia – Pepe 2.0, the trailblazing cryptocurrency project that combines humor, finance, and community engagement, has taken the digital world by storm with an astonishing surge of 1000% in the last 3 days. This unprecedented success has propelled Pepe 2.0 into the spotlight, solidifying its position as a rising star in the crypto space....Read More
According to data compiled by blockchain analytics firm IntoTheBlock, about 13% of Litecoin’s (LTC) total supply has remained untouched for five years. Analysts at the company speculated that the dormancy might be attributed to either “unwavering confidence” in the Litecoin project or the loss of assets. Regardless of the reason for the inactivity, the finding...Read More
[PRESS RELEASE – Los Angeles, California, July 6th, 2023] DeSo, the leading layer-1 blockchain for decentralizing social media, has issued a groundbreaking challenge: a $1 million bounty for visionary founders capable of building a decentralized competitor to Reddit using its infinite-state blockchain. This unprecedented opportunity arises amid escalating discontent with centralized social media platforms, which...Read More
[PRESS RELEASE – DUBAI, DUBAI, July 6th, 2023] The options trading market gets another boost thanks to yet another collaboration between the cryptocurrency derivatives exchange BIT and the duo of Darley Technologies and DWF Labs. Just recently, BIT rolled out options tied to Cardano’s ADA token in collaboration with strategic partner Darley Technologies and market...Read More
The Bitcoin (BTC) market enjoyed a relatively mild rally that saw its value rise to a new high for 2023 on Thursday. During the early New York trading session on Thursday, Bitcoin price traded above $31k and made some advancement towards $31.4k before retracing $30.7k. According to the latest market data provided by Binance-backed Coinmarketcap,...Read More
The venture capital fund Hashed Emergent will host a multi-chain Web3 conference in Bangalore, India, at the beginning of December this year. The event, dubbed “India Blockchain Week (IBW),” will touch upon the country’s increasing role in the cryptocurrency industry. Indians have shown interest in digital assets lately (especially during the COVID-19 pandemic), whereas some...Read More
[PRESS RELEASE – Raratonga, Cook Islands, July 6th, 2023] Cirus, a prominent company in the Web3 industry, is pleased to be a select invitee and keynote speaker at the Web3 Investor Day Conference, an invite-only event powered by Decasonic. Decasonic is a Web3 venture and digital assets fund supporting the development of blockchain innovation. The...Read More
[PRESS RELEASE – Dubai, UAE, July 6th, 2023] OKX’s Signal Trading is a trading bot and marketplace that bridges the gap between signal providers and traders Signal Trading will be integrated with TradingView, enabling signal providers and traders to create signals directly on the leading charting platform A pre-launch waitlist is available now for signal...Read More
Professional traders are flocking back to Bitcoin funds in the wake of multiple applications for exchange-traded funds by leading asset managers. As a result, open interest (OI) for options contracts has soared to $13.8 billion, according to blockchain analytics firm Glassnode. Furthermore, the increase in demand for Bitcoin options has pushed OI close to its...Read More
Three days after Celsius imploded on the 13th of July 2022, the CFTC, swiftly followed by the SEC, launched separate investigations into the crypto platform’s business practices. The company was also investigated – and in some cases sued – separately by local authorities in Vermont, New York, and elsewhere. I’m suing the former CEO of...Read More
A new Aave proposal took place to decide the fate of $3 million in the protocol’s treasury. The holders of the Aave tokens will be voting on a governance proposal on whether 1,600 Ether, worth around $3 million, in the DeFi protocol treasury will be converted to wrapped staked ether (wstETH) and rocket pool ether...Read More
