The world of cryptocurrencies and decentralized finance (DeFi) has been shaken by the recent loss of value in the real estate-backed stablecoin USDR. The project team behind USDR, called Tangible protocol, aimed to tokenize housing and other real-world assets through their decentralized platform. However, a series of redemptions resulted in a draining of liquid assets,
Bitstamp, one of the leading cryptocurrency exchanges, made a somber announcement recently. The CEO, Bobby Zagotta, revealed that the firm would be discontinuing its services to customers in Canada. Although the decision was already communicated to Canadian customers months ago, it is set to take effect on January 8, 2024. Zagotta expressed the utmost gratitude
Chainlink (LINK) has seen significant price fluctuations since September, outperforming other major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). However, the recent correction in October has raised concerns among investors about the sustainability of its upward trajectory. Despite its strong performance in September, LINK’s price is still far below its all-time high in May
The Federal Open Market Committee (FOMC) reaffirmed its dedication to raising interest rates at its September meeting. This decision was made in response to a complex economic environment marked by elevated levels of inflation, slowing job growth, and solid GDP growth. While participants acknowledged the strength of the labor market and the overall resilience of
Crypto startup Launchpad XYZ has recently completed a highly successful presale, securing over $1.88 million in funding. This significant achievement has set the stage for the launch of its much-anticipated platform in 2023. Launchpad XYZ aims to establish itself as a multifaceted web3 ecosystem, catering to the needs of both newcomers and experienced crypto enthusiasts.
The Open Network (TON) Foundation, in collaboration with Alibaba Cloud, has revealed its plans to set up 256 servers for an upcoming performance testing event. Taking place on October 31, 2023, the objective of this event is to officially establish the TON blockchain as the world’s fastest blockchain, earning accreditation from the Guinness World Records.
The U.S. Securities and Exchange Commission (SEC) has received support from the North American Securities Administrators Association (NASAA) regarding its legal actions against Coinbase. NASAA acknowledges that there is nothing inherently fraudulent about cryptocurrencies. However, the sector has unfortunately attracted fraudsters who take advantage of investors’ fear of missing out and their vulnerable economic situations.
The crypto industry is evolving at an astonishing pace, and with it, the need for comprehensive financial planning and tokenomics design has become increasingly critical for startups. Recognizing this demand, FinDaS, a prominent tokenomics consulting company, has recently unveiled three groundbreaking products that aim to revolutionize the way crypto startups navigate the complex world of
The recent trial involving Alameda Research has brought to light shocking revelations of fraud and deception. One pivotal moment during the trial was the testimony of Alameda Research CEO, Caroline Ellison, who admitted to committing fraud under the direction of Sam Bankman-Fried (SBF), the founder of Alameda Research. Ellison confessed to diverting billions of dollars
Polygon’s native token, MATIC, experienced a 16.4% rally with the launch of Polygon 2.0 Goreli testnet on Oct. 4. However, what followed was a 10.6% decline over the course of six days leading up to Oct. 10. The resistance at $0.60 proved to be stronger than anticipated, wiping out the gains from the early October