The memo, headlined “The financial-market surprises of 2023,” was released by Standard Chartered Bank on Sunday. Eric Robertsen, Standard Chartered’s global director of research, said that some of the possibilities outlined in the report are “under-priced by the markets.” The price of bitcoin may fall below $5,000 in the next
Just now, the Ethereum-based DeFi liquidity provider, Balancer ($BAL) revealed a report on its TVL (Total Value Locked) which is estimated to be $1.56 billion. The Balancer is one of a well-known Decentralized “Automated Market Makers” (AMMs) on the Ethereum network that lets users quickly swap tokens and be rewarded
After the demise of FTX, the blockchain-based institutional capital marketplace Maple Finance declared on the 5th that it will sever all links with Orthogonal Trading due to the alleged falsification of finances. Maple Finance claims that the decision was made because Orthogonal Trading had been “operating while effectively insolvent” for
Beginning with domestic bank-to-bank transactions, Indonesia is advancing its “Project Garuda” plans for a central bank digital currency (CBDC) called Digital Rupiah. The official introduction of the Digital Rupiah design happened last week by the Bank of Indonesia. In the meanwhile, other large economies like India have been trying out
According to reports and social media postings from impacted workers, video game company GameStop fired off another batch of employees today in anticipation of its forthcoming results report. According to Axios, the company’s crypto wallet staff was struck especially hard. A lead software developer at GameStop, identified as “Daniel Williams.”
Nexo, a crypto borrowing and lending industry revealed on December 5 that it intends to shut off its services in the United States over the next few months. It also stated that it was halting its products and services in the United States due to a lack of regulatory clarity.
Software development business Aave Companies today announced the purchase of Sonar. It is a San Francisco-based metaverse developer. Where users may construct worlds and interact with user-created areas utilizing non-fungible tokens (NFTs). The Aave Companies is the parent company of many different cryptocurrency initiatives. Such as the Aave lending and
Monetization features, including a cryptocurrency called “Twitter Coin,” are supposedly under development at Twitter. Nima Owji and Jane Manchun Wong, app researchers, tweeted about a secret “Coins” option in the app’s “Tips” settings. Prior to this, Elon Musk had mentioned accepting Dogecoin (DOGE) on Twitter. Though, it’s not clear whether
EMURGO, a founding member Cardano (ADA), has just announced the establishment of a new social media network named the Cardano Spot. To bring together in one place all of the Cardano supporters, admirers, and token holders spread out around the world. Cardano Spot is a user-generated, interactive platform intended to
The aftermath of the fall of the FTX crypto exchange has been extremely catastrophic. No one ever imagined that the impact would be this huge. The aftermath acted like a chain of events one unfolding after the other, ultimately crumbling down the entire crypto industry to the grounds. In such
