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Nansen Report Highlights Growth of Defi and NFTs in 2021
29.1.2022
Nansen, a cryptocurrency and blockchain statistics and analytics platform, has issued a report on the growth of decentralized finance (defi) in 2021. The document highlights how defi managed to keep growing, opening the field to new participant chains. Non-fungible tokens (NFTs) also had a notable...
Xbox Game Pass Will Soon Stop Taking Money From Inactive Accounts
29.1.2022
Thanks to an investigation into online gaming subscriptions by the United Kingdom’s Competition and Markets Authority (CMA), Microsoft will soon improve the ways in which its Xbox Game Pass service handles auto-renewal, refunds, and inactive memberships. (h/t PC Gamer)Read more
Users flock to Curve amid lack of stablecoin liquidity on major DEXs
28.1.2022
A concentration of stablecoins on a handful of platforms has drained liquidity from others
Hacker Siphons $80 Million From Qubit Cross-Chain Bridge, Largest Defi Exploit of 2022 to Date
28.1.2022
Findings stemming from a recent report published by the security-focused blockchain firm Certik indicate that the Binance smart chain ↔ Ethereum bridge called Qubit has been hacked for $80 million. Data shows on January 27, 2022, an attacker siphoned a number of tokens from an exploit...
Ministries Queried About Missing 200,000 Bitcoins as Bulgaria Explores Crypto Payments
28.1.2022
The recently elected government of Bulgaria has found itself in the position of answering questions about the fate of billions of dollars’ worth of cryptocurrency reportedly confiscated by the country’s law enforcement five years ago. Meanwhile, the new finance minister has revealed...
Qubit Finance suffers $80 million loss following hack
28.1.2022
The addresses linked to the hack attack have managed to steal 206,809 Binance Coin from Qubit's QBridge protocol
Zombie Atari Celebrates 50-Year Legacy With NFT Loot Boxes
27.1.2022
Founded way back in 1972, Atari celebrates its 50th anniversary this year. The all-but-defunct company doesn’t really make games anymore, but it does like to plaster its recognizable logo over everything it can find—from hotels to PCs. And to celebrate that the company is still clinging to life...
Romania, Latvia Mull Changes To Crypto Regulations, Taxes
27.1.2022
Romania and Latvia are among the latest European countries to launch analytical work on updating their respective regulations for the cryptoasset and blockchain industry. In Romania's case, this could potentially mean increasing national taxes on crypto-related operations and transactions....
Rebase Market Carnage: TIME Slips 61%, Wonderland Admin Allegedly Co-Founded Quadrigacx
27.1.2022
While reserve-based crypto assets like gold tokens and stablecoins have been able to weather the crypto market carnage over the last two weeks, rebase tokens like wonderland (TIME), and Olympus (OHM) have seen massive losses. Wonderland is down more than 96% since the crypto asset’s all-time...
Duet Protocol and iZumi Finance Partner for Improved DeFi Experience
27.1.2022
In what could be termed as an important development for decentralized finance (DeFi), a partnership has been struck between Duet Protocol and iZumi finance. Both of these projects have been conceptualized with the objective of enhancing the convenience of the users in the DeFi space. Specifically...
Russian Finance Ministry submits crypto regulatory framework for review
27.1.2022
The ministry envisions crypto users executing transactions through banks and proposes to distinguish between qualified and unqualified holders
Tesla’s Latest Financial Statement Shows Bitcoin Worth $1.26 Billion
27.1.2022
Elon Musk’s electric car company, Tesla, did not sell any bitcoin in the fourth quarter, according to the company’s latest financial statement. Tesla is holding bitcoin worth $1.26 billion. The company still has not resumed accepting bitcoin payments but now accepts the meme...
FTX US Raises $400 Million in Series A, Trading Platform’s Valuation Now $8 Billion
26.1.2022
On January 26, the crypto asset exchange FTX US revealed it raised $400 million in a Series A financing round stemming from investors like Softbank, Paradigm, and Multicoin Capital. The Series A investment in FTX US brings the U.S.-based trading platform’s post valuation to $8 billion....
Thailand Announces Cryptocurrency Will Be Regulated as Means of Payment
26.1.2022
Thailand has announced that cryptocurrency will be regulated as a means of payment for goods and services “to avert potential impacts on the country’s financial stability and economic system.” The announcement was issued by the Bank of Thailand, the Thai Securities and Exchange...
Grayscale considers VeChain and Iota as Coinbase lists 4 low-cap coins
26.1.2022
Grayscale added 25 tokens to those it is considering for investment products, and added AMP to its DeFi Fund while Coinbase listed four small projects
Russian finance ministry official calls for crypto regulation, not restriction
25.1.2022
Russian Finance Ministry official Ivan Chebeskov has opposed the proposed ban of cryptocurrency operations in Russia
Saudi-Backed Company Buys ESL For $1 Billion
24.1.2022
It’s being reported by multiple outlets that ESL, one of the world’s oldest and biggest esports companies, has been bought for $1 billion by Savvy Gaming, an esports investment company that is backed by the Saudi Arabian Government’s wealthy and controversial Public Investment Fund.Read more
Fantom Surpasses Binance Smart Chain as the Third-Largest Defi Blockchain
24.1.2022
The total value locked (TVL) in decentralized finance (defi) protocols has lost ​​6.8% during the last 24 hours as crypto markets have experienced more losses. However, the Fantom blockchain has seen a TVL increase, jumping 46.62% over the last week. Fantom has managed to knock...
Value Locked in Defi Slides 21% in 2 Weeks, $200B TVL Still 10x Larger Than This Time Last Year
23.1.2022
The value locked in decentralized finance (defi) has dropped 21.22% since January 4, 2022. At the time, the total value locked (TVL) in defi was $255.84 billion and today, the TVL is around $201.55 billion. TVL in Defi Loses $54 Billion in 2 Weeks While digital currency markets shed significant...
Decentralized and traditional finance tried to destroy each other but failed
23.1.2022
Crypto to prevail over the traditional financial system, instead, competing industries started to adopt each other's technologies and cooperate