Earlier, officials in Kentucky claimed that Nexo was insolvent. Nexo created three loans and sent $530 million to MakerDao. A cryptocurrency wallet address identified as NEXO 0x8fd withdrew 7,758.8 Wrapped Bitcoin (wBTC) from MakerDAO. At the time equivalent to almost $153 million. This is only days after market experts forecast
October 2, 2022 1 min read
Despite fall, the number of total traders has not decreased nearly as much. The trade volume for Bored Apes was 3,634 ETH in the last week. From January to September of this year, trade volume for NFTs fell from $17 billion to just $466 million, according to data stored on
October 2, 2022 2 mins read
ZachXBT, the on-chain sleuth, has once again found something of interest. Now he’s made some serious accusations against crypto industry heavyweight Lark Davis. However, the latter insists that his actions were appropriate. The anonymous investigator has already accused American YouTuber Logan Paul of supporting a number of “pump and dump”
September 30, 2022 2 mins read
The company plans to have Lightning wallets available to 10 million clients. The firm plans to develop a Lightning Network-based SaaS platform. There has been a proliferation of businesses entering the crypto space recently. While some investors get out midway, the vast majority have been increasing their bets. On the
September 30, 2022 2 mins read
KaJ Labs, the key creator of the Lithosphere blockchain, has pledged $50-$100M. In all, 6.6 billion LUNC tokens have been destroyed so far. The price of Terra Classic (LUNC) has increased from its 24-hour low of $0.00025 to its new high of $0.00029. That is a gain of over 10%.
September 29, 2022 1 min read
The news caused a 15 percent spike in the price of EthereumPoW (ETHW). Binance Pool has announced that it would no longer charge any pool fees for a month. The world’s biggest crypto exchange Binance in a press release on Thursday announced the start of the Ethereum proof-of-work (ETHW) mining
September 29, 2022 2 mins read
Harrison detailed his plans to move into an advising position at FTX US. CEO Alex Mashinsky of Celsius resigned recently. U.S. division president of cryptocurrency exchange FTX, Brett Harrison, announced his resignation today. Over the next three months, he will be transitioning out of his present position and into an
September 28, 2022 2 mins read
A new DeFi (Decentralized Finance) solution for the Cosmos ecosystem: DFract $DFR, is being introduced by Lum Network, an innovative initiative looking to gain widespread acceptance in web3 and the Cosmos ecosystem. DFract is a novel kind of crypto index created for multichain ecosystems. It gives users access to a collection
September 28, 2022 2 mins read
She discussed the crypto ecosystem, stressing the need of backing CBDCs. Central bankers are missing a chance if they do not accept CBDCs. Central bankers are becoming jittery as the use cases for cryptocurrencies and other blockchain-based currencies expand. Digital assets are very volatile and risky, yet traditional institutional investors
September 27, 2022 1 min read
Summit National Bank is a US federally chartered bank, founded in 1984. Customers of Summit will now have access to blockchain products. Nexo, a cryptocurrency lending platform, recently revealed that it was acquiring a stake in Summit National Bank, based in Wyoming. Taking a stake in the US federally chartered
September 27, 2022 2 mins read
