The Cronos-based cryptocurrency lending protocol Orby Network has made interest-free $USC borrowing available. Because of this, borrowing Orby’s native stablecoin over the Cronos network for decentralized finance objectives is possible without having to pay exorbitant or variable interest costs. On the Cronos EVM blockchain, Orby is one of the most popular contemporary
February 8, 2024 2 mins read
Digital art enthusiasts may now easily and securely buy and store NFTs in one place using Web3 SuperApp Kresus, a supported digital wallet option via Sotheby’s Metaverse. Through Sotheby’s Metaverse, collectors may now purchase digital artworks and save them simply using the Kresus smartphone application. Sotheby’s Metaverse, which debuted over three years
February 8, 2024 2 mins read
Launched with backing from the Intercontinental Exchange (ICE), crypto firm Bakkt has now issued a warning that it may not have sufficient funds to be operational for the next twelve months. Bakkt cautioned that it could “not be able to continue as a going concern” in a section on risk
February 8, 2024 2 mins read
Solana (SOL) had a positive month in terms of network activity, gaining a large number of users. But bears continued to exert pressure on the token’s price trajectory during this time. A major outage affected the Solana blockchain network on February 6th, keeping the network inoperable for about 5 hours.
February 7, 2024 2 mins read
On February 6, the U.S SEC established new regulations that would expand its registration requirements, encourage more market players to become members of a self-regulatory group, and ensure compliance with federal securities laws and regulations. Crypto and decentralized finance (DeFi) may be subject to further regulation under the new laws.
February 7, 2024 2 mins read
Crypto asset management company CoinShares stated that institutional crypto products had net inflows for the first time in three weeks in their most recent report. Following a precipitous drop of $500 million the week before, investors flooded the crypto market with $708 million last week. The most recent data shows
February 7, 2024 2 mins read
EigenLayer, an Ethereum-based liquid restaking protocol, temporarily lifted its staking cap 14 hours ago, and since then, the total-value locked (TVL) has increased by a whopping $1 billion. In an effort to “invite organic demand” to the network, EigenLayer stated on February 5 that it will temporarily remove its 200,000
February 6, 2024 1 min read
The leading cryptocurrency wallet, Trust Wallet, stated today that it has received the highly sought-after ISO 27001 and ISO 27701 certifications for privacy information management and information security governance. As the first web3 wallet to obtain both the ISO 27001 and ISO 27701 certifications, Trust Wallet is acknowledged as a
February 5, 2024 1 min read
Bitcoin mining is being examined more closely by the U.S. Department of Energy (DOE). This week marks the beginning of a six-month energy consumption evaluation of selected U.S.-based miners by the Energy Information Administration (EIA). The EIA is a statistics department under the Department of Energy (DOE). The survey was
February 5, 2024 2 mins read
After Bitcoin and altcoins plummeted post Jerome Powell’s speech, the cryptocurrency market has swiftly recovered. According to the chairman of the Federal Reserve, the members of the Federal Open Markets Committee (FOMC) did not believe that interest rate reduction could be implemented by March. The outcome was a negative market,
February 2, 2024 2 mins read
