In the digital currency world, Bitcoin and Ethereum are champions, with superpowers that they can do things that regular money cannot. However, some people prefer Bitcoin while others Ethereum; the duo has made things easier. Bitcoin is like a bar of digital gold and is suitable for keeping your money safe because it is difficult…
Based on the launch roadmap, the Terraport team has scheduled the release of version one on March 31, which is set to occur three days after the token distribution event. This timeline indicates that the group is progressing significantly towards their goal and working diligently to meet their release deadline. TerraCVita’s DeFi ecosystem, Terraport, which…
Fordefi Obtains SOC 2 Type II Accreditation Mysten Labs and BlueJay Games Collaborate to Set in Motion Arcade Champion Fordefi Obtains SOC 2 Type II Accreditation Under the SOC (Service Organization Control) guidelines established by the American Institute of Certified Public Accountants (AICPA), Fordefi, a fintech and software firm, has announced today that it has…
DeFi’s Vulnerability against Hacking Risks One of the major problems decentralized finance (DeFi) hasn’t been able to solve is its vulnerability against hacks. This is the reason why DeFi’s growth has been slowed down which was otherwise thriving. DeFi is often regarded as an easily accessible means of obtaining finance which is even better, more…
Multiple metrics, including exchange reserves and MVRV Ratio, suggested more price dips. Market indicators aren’t favoring the alt, worrying SUSHI investors. SushiSwap hit the news again, joining the lust of Polygon’s top projects as far as Altranking is concerned. Market players might consider that as a massive bullish signal. Besides Polygon, SushiSwap topped the most…
MakerDAO recorded a substantial improvement in performance within the last 30 days. Messari data showed that the borrow, withdrawal, and deposit volume noted significant growth over the previous month. The deposit volume recorded a 15.35% surge. Moreover, the net borrows and withdrawal volume increased by 1.70% and 40.36%, respectively. This activity uptick attracted whale attention….
Aave is among the top lending protocols within the cryptocurrency space. The project has concluded voting that would see it launched on zkSynch. Remember, zkSynch is a zero-knowledge platform testnet. Moreover, voters approved the deployment by a robust margin, targeting less expensive and quicker transactions. Nevertheless, the latest reports showed the community was ready for…
Deribit is a crypto exchange based in the Netherlands. On November 1, the trading platform tweeted about losing $28 million following a hack. However, the company confirmed that the attack didn’t affect its customer assets. Moreover, it has suspended withdrawals until safety guarantees a re-open. Deribit stated that the hack remained isolated to Bitcoin, USDC,…
Entertainment giant Disney is pushing further into metaverse and NFTs. The recent job post indicates that the company wants to recruit a principal counsel specializing in the metaverse, NFTs, decentralized finance, and blockchain technologies. The appointed counsel will guide Disney through its push into Web3. Some of the roles in the job post state that…
Avalanche Labs CEO Emin Gun Sirer revealed a notable announcement on September 14. A leading investment company KKR collaborated with Avalanche (AVAX) with $417B in AUM (Assets under management). The primary goal remains to tokenize the fund’s exposure. Avalanche can progress with tokenization with the helping hand from Securitize, a fintech firm. Moreover, the CEO…
Following the catastrophic fallout of various crypto firms in Singapore, the MAS (Monetary Authority of Singapore) is surveying crypto firms that are operating in the state. The survey aims to help the regulator gain more information about their operations. Singapore’s MAS Sends Questionnaire To Crypto Firms According to reports, the MAS sent a questionnaire to…
The amount of success and bullish trend made by LDO (Lida DAO) seems shocking to crypto traders, sellers, and buyers for the past week. It was announced as one of the most significant tokens on the Ethereum blockchain, with top choices for the past few days. This move has been a concern to crypto traders…
