The financial world is buzzing about Credit Suisse. The recent increase in Credit Suisse’s credit default swap spread has garnered media attention. A credit default swap, or CDS, is a kind of derivative that enables one investor to hedge against another’s credit risk by exchanging their own credit risk for
The average block time for Ethereum has decreased by more than 13%. Ethereum blockchain transitioned away from the power-intensive proof-of-work. It has been discovered that the Ethereum Merge update, which aimed to shift the blockchain to a proof-of-stake (PoS) consensus mechanism, has improved the rate at which new Ethereum blocks
Terra Classic (LUNC) has increased more than 70% during the past week. LUNC is currently trading around $0.0003183. The Terra Classic (LUNC) witnessed a significant price surge in the past few days, following the recent announcement from the Binance exchange, regarding the Terra Classic burn mechanism. In the last week,
XinFin (XDC) Network, known for secure, scalable, and highly efficient blockchain use cases have received an investment worth $50 million from the global alternative investment group, LDA Capital Limited. The investment originated by leveraging a portion of the token from the XDC founder’s allocation. Ritesh Kakkad and Atul Khekade, the
DUBAI, United Arab Emirates–(BUSINESS WIRE)–The founders of the XDC Network have leveraged a portion of their personal token allocations to secure a $50 million commitment from global alternative investment group LDA Capital Limited to accelerate the expansion and development of Layer 2 projects across the XDC Ecosystem and to facilitate
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
Terra blockchain had the LUNC community support during all its phases. Tweets with the #burnalot hashtag were over 45K in the last 24 hrs. Terra community has again stormed Twitter space with the hashtag #burnalot. The LUNC community supports the Terra ecosystem at all its phases. Earlier this week, the
The USDC stablecoin and Verite KYB credentials are now supported. Circle plans to provide certain Early Access clients with complimentary Verite KYB. Circle, a payments technology firm and issuer of USDC, announced on Saturday the creation of the first Verite KYB (know your business) credentials that are compatible with the
Even though the Solana blockchain had significant downtime, it seems to be completely functional once again. The whole network crashed because of a single misconfigured node. But over the year, Solana has put up with a number of shutdowns. When contacted, Solana said that the transactions could not be processed
In total, 7 billion LUNC tokens have been burned. Terra Classic has risen by over 14% in the last 7 days. Following the Binance supports for Terra 1.25 burn tax, Terra classic (LUNC) has seen far less volatility in the price for the last seven days. LUNC maintained a price
