Mycelium, a Web3 ecosystem comprised of many products, recently revealed that price feed problems had caused losses in one of its liquidity pools. Additionally, the IP address of the protocol was blacklisted by the Binance API component. Team members from Mycelium issued a statement on January 7th, 2023, saying that
January 7, 2023 1 min read
While enthusiasm for new crypto sub-ecosystems like NFTs was dampened by the 2022 bear market. The Metaverse is still set up for long-term upheaval. McKinsey & Company estimates that the metaverse might be worth up to $5 trillion by 2030. Because of the wide variety of consumer and business-focused use
January 7, 2023 1 min read
The U.S. jobless rate reportedly hit a 50-year low of 3.5% in December. Predictions anticipated it maintaining its pre-recession high of 3.7%, so this is a decrease from that. But, hiring slowed quite a little as the year came to a close. Even if the job outlook is bright according
January 6, 2023 1 min read
The Central Bank of Singapore has previously advocated prohibiting crypto companies from lending their retail clients’ digital tokens. One of the most influential cryptocurrency advocacy groups in Singapore, the Blockchain Association, has spoken out against this idea, calling it “overly restrictive.” To them, the idea to outlaw all crypto companies
January 6, 2023 2 mins read
The founder of the cryptocurrency-focused firm Celsius Network, Alex Mashinsky, was named in a civil lawsuit. Brought by the state of New York’s attorney general on Thursday. The lawsuit accuses Mashinsky of planning to swindle hundreds of investors. By persuading them to deposit billions of dollars’ worth of digital assets
January 5, 2023 1 min read
Officially announcing the acquisition of Diem Group, a Facebook-affiliated firm, and its intellectual property and other technology assets essential to run the blockchain-based payment system, Silvergate made the deal public in February of last year. In 2021, Facebook stopped working on its digital currency project because of intense scrutiny from
January 5, 2023 2 mins read
The price of Shiba Inu (SHIB) is on the rise as Ethereum “whales” buy up large quantities of the cryptocurrency. Community members anticipate a dramatic increase in SHIB burn and usefulness on the chain in 2023, as main developers Shytoshi Kusama and Trophias, together with the Shiba Inu Ecosystem, tease
January 3, 2023 1 min read
Cameron Winklevoss, co-founder of Gemini, expressed frustration in an open letter to Barry Silbert, CEO of Digital Currency Group (DCG), about the company’s slow response in regards to stopping Genesis withdrawals. About 340,000 Earn customers are still waiting for withdrawals to be restored, and he addressed their plight. Collectively, the
January 2, 2023 2 mins read
Blockchain technology will be used in Turkey’s online public service login procedure. The Turkish government’s digital portal E-Devlet. Via which residents may access a variety of government services. Will soon require users to authenticate their identities using a blockchain-based digital identity before granting access. Vice President Fuat Oktay of Turkey
January 2, 2023 1 min read
There has been a recent uptick in the number of game developers interested in including metaverse features. Japanese mobile entertainment provider Gumi has established a strategic partnership with other Japanese firms Square Enix and SBI Holdings. Through the issuing of additional shares with a value of $52.7 million. SBI Holdings
January 1, 2023 1 min read
