Blockchain news

Cardano TVL Jumps 30% In 24 Hours As It Recovers To $155 Million

Cardano has been making waves in decentralized finance (DeFi) ever since it debuted smart contract capabilities on the network. Development has ramped up, making it the network with the most developments going on. This activity has translated to a rise in the total value locked (TVL) on the network. And although this value has been […]

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Regulation Updates

In wake of Terra collapse, South Korea plans new crypto oversight committee: Report

The infamous collapse of Terra may have hastened the creation of a supervision and control entity for virtual assets, which is set to launch in early June. 322 Total views 22 Total shares The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the […]

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Blockchain news

How Early LUNA Holders, Founders Made Off With $6B

The Terra (LUNA) crash will go down in crypto history as one of its most catastrophic events. Billions of people lost their life savings and investments. In the meantime, a small group of insiders benefited. Related Reading | LUNA Classic Jumps 90% Following Support From Crypto Exchanges According to a report from Arcane Research analyst Anders […]

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Market Analysis

Chain (XCN) ignores the wider market downtrend by rallying 100%+ over the past month

May was an incredibly challenging month for the cryptocurrency market as the majority of tokens booked heavy losses as a bear market was confirmed, but not every project dropped back to pre-bull market lows. Chain (XCN), a protocol designed to help organizations launch their own blockchain network or connect with other more established networks, has […]

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Altcoin News

Chain (XCN) ignores the wider-market downtrend by rallying 100%+ over the past month

May was an incredibly challenging month for the cryptocurrency market as a majority of tokens booked heavy losses as a bear market was confirmed, but not every project dropped back to pre-bull market lows. Chain (XCN), a protocol designed to help organizations launch their own blockchain network or connect with other more established networks, managed […]

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Blockchain news

Block Inc Survey Addresses Misconceptions About Bitcoin: Report

Block partnered with Wakefield Research to address misconceptions surrounding Bitcoin. The survey included 9,500 respondents from varying age groups, genders and ethnicities from around the world. The data reveals something telling about the knowledge gaps in Bitcoin and what strengthens the network effect. Block, a Bitcoin-oriented financial services firm previously known as Square, just released […]

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Market Analysis

Mirror Protocol Halts Exploit After $2M Lost

It appears that the project’s collapse was averted at the last moment. Key Takeaways Mirror Protocol has stopped an exploit that began yesterday and caused it to lose approximately $2 million. The project disabled has certain affected assets in order to prevent funds from being drained any further. Mirror Protocol may have been minutes from […]

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Blockchain news

UN agency head sees ‘massive opportunities’ in crypto: WEF 2022

“Crypto is just another technology, it’s a matter of how is it being used. It can be used for good or for bad. From where we sit, we see massive opportunities,” says the director of the UNICC. 518 Total views 7 Total shares The United Nations is smitten with distributed ledger technology (DLT). In a […]

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Market Analysis

Russian Central Bank Open to Crypto For International Payments

Crypto may end up being accepted alongside other payment methods such as rubles, gold, and the national currencies of politically friendly countries. Key Takeaways An official from the Russian Central Bank stated that it wouldn’t object to the use of cryptocurrencies for international transactions. However, it still believes cryptocurrencies pose large risks to the Russian […]

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Altcoin News

DeFi isn’t dead, it just needs to fix these 3 critical problems

It’s been a rough year for DeFi, and it may not get any better until projects focus more on security, regulation and usability. 999 Total views 37 Total shares The persistent challenges faced by decentralized finance have been well documented by a handful of analysts and the recent collapse of the Terra ecosystem re-enforced the fact that […]

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