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Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review
12.3.2023
It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator Elizabeth Warren blaming the event on “crypto risk,” and individuals on social media pointing out that Warren is “terribly misinformed.”...
Ethereum layer-2 solutions may focus less on token incentives in the future
11.3.2023
Token incentive models may become obsolete as layer-2 networks focus on ease of functionality and low fees, but how will this impact decentralization?
Helium (HNT) & Huobi Token (HT) prices decline, Orbeon Protocol (ORBN) presale continues to sell out
10.3.2023
Just three days into March, much of the crypto market has declined. Projects like Helium (HNT) are down by 7.74% in five days, while Huobi Token (HT) is down 5.68%. While Helium (HNT) and Huobi Token (HT) struggle, Orbeon Protocol (ORBN) continues to thrive, having just hit a new all-time high...
What could the TMS Network (TMSN) presale phase 2 event mean for Zilliqa (ZIL) & 1inch Network (1INCH) in 2023?
10.3.2023
After raising over $2 million in a successful phase one of the presale, TMS Network (TMSN) has exceeded expectations. In phase two, this new DEX is set to break down existing barriers in the current decentralized exchange sector. Protocols like Zilliqa (ZIL) and 1inch (1INCH) can benefit from this...
Report: Thai Govt to Grant Tax Waivers to Issuers of Digital Asset Investment Tokens
10.3.2023
Thailand’s government has said companies that issue digital tokens will receive a waiver that exempts them from paying corporate and value-added tax. According to a report, the Thai government anticipates losing just over $1 billion in tax revenue as a result of the waiver. Relaxation of...
Hedera confirms exploit on mainnet led to theft of service tokens
10.3.2023
Hedera said the smart contract exploit on Mar. 9 has not impacted the network or its consensus layer
Huobi’s HT Token Suddenly Drops 93%, Then Rebounds Just as Quickly
10.3.2023
Huobi’s HT token, the native token of the cryptocurrency exchange, momentarily dropped 93% on Thursday for reasons that are unclear
MakerDAO Founder Calls for Rebranding of DAI Stablecoin
9.3.2023
Rune Christensen said DAI suffers from bad branding that could be slowing its growth on a call with community members
Gaming Protocol Aavegotchi Members Are Voting to End Multiyear Token Sale, Which Could Limit GHST Supply
9.3.2023
If passed, roughly $33 million DAI will be allocated to support the development of the Aavegotchi ecosystem
Biggest Movers: MATIC, SOL Fall to Lowest Point Since January
9.3.2023
Polygon fell to its lowest point since January earlier in today’s session, as overall sentiment in crypto markets remained bearish. Overall, the global market cap is now down 1.46% as of writing. Solana also slipped on Thursday, as the token neared a two-month low. Polygon (MATIC) Thursday...
Aave Advances Plan to Nix Borrowing, Lending of Binance’s BUSD Stablecoin
9.3.2023
Crypto borrowing and lending platform Aave is moving closer to offboarding Binance's troubled stablecoin BUSD
AI-Focused ZK Layer 2 Blockchain CryptoGPT to Issue Own Token Friday
9.3.2023
CryptoGPT is attempting to latch on to the success of artificial intelligence (AI) and ChatGPT by issuing its own GPT token
STEPN news begins to turn bullish during Avorak AI ICO event – next 100x token?
9.3.2023
Investors are constantly looking for the next big thing as the crypto market grows. STEPN, an altcoin that is turning bullish, has recently generated a lot of hype. At the same time, AVRK, a token projected to be 100x its value, is conducting an initial coin offering (ICO). Avorak AI has quickly...
Arthur Hayes Proposes Bitcoin-Backed NakaDollar, Which Would Rely on Exchanges to Maintain Dollar Peg
9.3.2023
A stablecoin backed by $1 worth of bitcoin and 1x short of a bitcoin perpetual future can be used to provide stability to such a token, Hayes said
Stargate Finance Token Down 8% on Coinbase Delisting
8.3.2023
The token underlying cross-chain bridge protocol Stargate Finance (STG) will be delisted by Coinbase (COIN), STG has slumped by 8.04% in the past 24-hours
Curve Yield Farmers Rush to Deploy $60M on Newly Launched Conic Finance, Capture 21% APY on USD Coin
8.3.2023
Conic is the latest player in the game to offer unlocked yield rewards from the prominent DeFi protocol Curve to users
Yuga Labs’ Twelvefold Collection of Ordinal Inscriptions Generates 735 Bitcoin, Worth More Than $16 Million
7.3.2023
Yuga Labs, the creators of the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), announced that the team has completed its Ordinal Inscription auction with a total of 3,246 bidders. The Twelvefold collection of inscriptions generated 735.7 bitcoin, worth more than...
Thailand to offer tax breaks for investment token issuers
7.3.2023
The government of Thailand expects that investment token offerings could generate more than $3.7 billion in the next two years
FLEX Token Rises 21% After CoinFLEX Restructuring Plan Approved
7.3.2023
FLEX, the native token of the CoinFlex exchange, has risen by 21% after it emerged that a restructuring plan in the Seychelles had been approved
Investment Firm Republic Purchases 10M Astra Protocol Tokens in New Deal
7.3.2023
The fixed supply utility token will be locked for compliance usage