Total value locked (TVL) for Lido Finance, one of several decentralized finance (DeFi) protocols, has risen to the top since the Ethereum merging in September. DeFiLlama reports that as of right now, Lido’s liquid staking protocol has a total market cap of $5.96 billion in TVL, which is more than
January 2, 2023 2 mins read
This past Thursday, the Reserve Bank of India (RBI), India’s central bank, published its monthly Financial Stability Report (FSR) for the month of December. The 172-page report touches on topics including blockchain-based assets, CBDCs issued by governments, and decentralized finance (DeFi). The RBI report acknowledges the difficulty of attempting to
January 1, 2023 2 mins read
Robert Kiyosaki, the author of the book Rich Dad, Poor Dad, has highlighted the fundamental motivation for his investment in bitcoin. The famous author has speculated that limits imposed by the SEC would “crush” most other crypto tokens. Kiyosaki and Sharon Lechter wrote the book “Rich Dad, Poor Dad” in
January 1, 2023 1 min read
On Saturday, the Dogecoin Foundation made an exciting announcement for the Dogecoin community. For the greater good of the Dogecoin ecosystem as a whole, the foundation has established a new community Dogecoin Core development fund. In response, the Dogecoin community rallied, sending DOGE’s price up by more than 2% in
December 31, 2022 2 mins read
According to a U.S. Securities and Exchange Commission (SEC) filing made on Thursday. Investment giant BlackRock (BLK) has pledged $17 million to insolvent bitcoin miner Core Scientific (CORZ). As part of a fresh $75 million loan from the miner’s secured convertible note holders. According to data from FactSet, BlackRock is
December 31, 2022 1 min read
After much deliberation, cryptocurrency mining company Argo Blockchain has decided to sell its flagship mining facility Helios in order to weather the current bear market. To the tune of $65 million, the Helios facility was sold by Argo Blockchain on December 28 to Mike Novogratz’s crypto investment business Galaxy Digital.
December 30, 2022 1 min read
A total of six executives were sentenced to up to eight years in jail. For their roles in the $1.5 billion (2 trillion won) V Global crypto exchange scam in South Korea. While three were not held so they could dispute specific allegations in court. V Global was in business
December 29, 2022 2 mins read
As a result of the ongoing liquidity situation at Genesis Global, which is a cryptocurrency lender, Gemini Trust Co. has become a scapegoat. Investors have filed a lawsuit against Gemini’s co-founders Tyler and Cameron Winklevoss. Alleging that they were offered interest-bearing accounts by the cryptocurrency exchange that were not properly
December 28, 2022 1 min read
State Duma members will consider and vote on a bill in 2023. To allow cryptocurrency mining in the Russian Federation, according to the chairman of the Financial Market Committee, Anatoly Aksakov. Who made the announcement in remarks for the crypto section of the business news site RBC. The prominent senator,
December 27, 2022 1 min read
Peter Schiff, an economist, and staunch gold bull, has a holiday greeting for bitcoin holders. Schiff established Schiffgold, a precious metals company that deals mostly in gold and silver bullion, and serves as its chairman. He has always been skeptical about bitcoin and has instead advocated for gold. Mark stated:
December 27, 2022 1 min read