Blockchain games, as well as the Metaverse, were able to “circumvent” the “Lehman brothers-like” collapse of Terra in May, according to a report; however, decentralized finance (DeFi) or nonfungible tokens (NFTs) were not as fortunate. According to a report published by decentralized application (DApp) data aggregator DappRadar, the breakdown of Terra in May was comparable … Read more
According to new research, despite the prolonged bear market, the cryptocurrency industry has already raised $30.3 billion in funding, which is more than what would be raised in a full year of fundraising in 2021. According to a report published on August 2 by the crypto analytics firm Messari and Dove Metrics, the data reveals … Read more
On Friday, Alex Smirnov, co-founder and project lead of DeBridge Finance, took to Twitter to disclose that his company was the target of an attempted hack by the notorious North Korean Lazarus Group. Smirnov said that the attack came from North Korea. For the purpose of transferring data and assets from one blockchain to another, … Read more
Coinbase, the world’s largest cryptocurrency exchange, and BlackRock, the world’s largest asset management, have formed a partnership to deliver new cryptocurrency entry points to institutional investors. BlackRock’s Aladdin will be connected to Coinbase Prime as a result of the strategic alliance in order to enable institutional investors with direct and hassle-free access to cryptocurrency, beginning … Read more
Revolut, the largest unicorn in the UK, is expanding its crypto section at a time when many other cryptocurrency companies are announcing layoffs. According to Bloomberg, the company plans to hire new employees across its European, American, and British offices to fill positions in compliance, financial fraud preventative measures, crypto legal representation, and software development. … Read more
The Wall Street Journal reported that the United States Bankruptcy Court in New York had awarded the cryptocurrency brokerage Voyager Digital authority to repay $270 million to affected customers. The United States Bankruptcy Court gave the decision in New York. On Thursday, the presiding judge Micheal Wiles gave Voyager the go-ahead to restore monies to consumers. These … Read more
After suffering through a liquidity crisis, the Waves (WAVES) community came together to back a governance proposal that aims to bring the decentralized finance (DeFi) lending protocol Vires.Finance back to life. The vote’s goals are to bring stability to the project and provide compensation to people who have been negatively impacted. Neutrino (USDN), a stablecoin … Read more