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Crypto News

Sun, 18 Dec 2022 03:23:01 +0000

The Block Chief Executive Officer Michael McCaffrey resigned after failing to disclose the loans $43 million, of which $16 million was used to purchase real estate in the Bahamas. These loans were apparently kept secret from employees, as McCaffrey was the only member on the board.

Run Do Kwon run

It has emerged that Terraform Labs CEO Do Kwon could have moved to Serbia. The South Korean Ministry of Justice is requesting assistance from the Serbian government to locate Kwon. However, there is the possibility that Kwon has already left the country. South Korean authorities issued an arrest warrant for the Terra co-founder in September, and this was followed by an Interpol Red Notice.

Playing it safer

Tether, the issuer of USDT has stated that it will eventually stop the practice of lending out funds from its reserves. This statement came amid FUD from mainstream media concerning its secured loans. The company reiterated that its secured loans are over-collateralized, but will be eliminating these loans throughout 2023.

Mr. Wonderful hits out at Binance

Kevin O’Leary of Shark Tank fame, has claimed that Binance caused the collapse of FTX. The Canadian entrepreneur was speaking at the Senate Committee on Banking, Housing and Urban Affairs hearing on the FTX collapse, and mentioned “One put the other out of business–intentionally.”

Coinbase recovery tool for ERC-20 tokens!

Coinbase has launched a recovery tool with support for roughly 4,000 erc-20 tokens. Affected users will be able to fill up a form with the Ethereum TXID for the lost assets, and the contract address. Eligible tokens for the service include Wrapped Ether (WETH), TrueUSD (TUSD), and staked Ether (stETH).

Here are the top trending coins for this week!

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Crypto News

Tue, 13 Dec 2022 09:17:38 +0000

The Argentine Football Association Fan Token (ARG) has risen by 20.4% to $3.80 ahead of their World Cup semi-final match against Croatia later today.

As the last one standing out of the four major national team tokens, it is likely that ARG will continue its uptrend, should they succeed in making it to the final. Otherwise, Croatia's Fan Token (VATRENI) may be the one pumping instead.

GMX Goes For Glory

As the FUD against CEXs heats up with Binance thrown into the mix, decentralized perpetuals platforms are stealing the spotlight.

One of the top protocols, GMX, continued its ascent since yesterday, climbing 7.6% to $59.95, just a few bucks short of its all-time-high of $62.10.

Crypto News

Sat, 10 Dec 2022 06:14:48 +0000

Stable farming on Arbi

Have stables sitting around on Arbitrum? You can check Sperax, an auto-yield stablecoin (USDs) native to Arbitrum.

Users can mint USDs 1:1 with USDC, DAI, or FRAX as collateral. USDs holders will earn ~11% APY on their USDs without any action required by the user - USDs balances will simply increase automatically roughly every 7 days. Do check out their documentation for more info on how its auto-yield mechanism works.

There are also other farming opportunities available which you can check out here.

Cross-chain trading!

There's another cross-chain trading platform in town!

Hashflow has teamed up with crypto bridge Wormhole Protocol, to enable cross-chain swaps. According to Hashflow, all trades are MEV-protected, and come with zero slippage. This means that users will get exactly what they swapped for.

Currently, the feature is only available for stablecoins on a variety of chains. For more info on Hashflow's latest partnership, check it out here.

An inflation-resistant store of value?

The brains behind Ampleforth (AMPL) are preparing to launch a new product in the form of SPOT.

SPOT is set to be an inflation-resistant store of value. Consisting of a basket of assets on-chain, it will be redeemable by SPOT token holders at anytime. Meanwhile, the price of SPOT can float, meaning its value can increase or decrease. The aim is to fill the gap between speculative cryptocurrencies and dollar substitutes.

Today's Market Movements

Fri, 02 Dec 2022 01:42:50 +0000

Some of today's market movements

Smaller Hikes Ahead

BTC and ETH enjoyed a small but significant price increase after the Chairman of the Federal Reserve, Jerome Powell, signaled that interest rate hikes are likely to shrink over the coming months.

As a result, Bitcoin smashed through the $17,000 mark, rising by 2.3% to $17,191. Not to be left behind, Ether equally enjoyed a 2.7% increase, hitting a daily high of $1,303.

Banking in the BLANK

The narrative around privacy and taking control of your crypto wallets remains strong as BlockWallet continues its run that started just a week ago.

Since 24 November, the wallet's utility token, BLANK, has risen by 237.1% to $0.216, maintaining its momentum thanks to the recent uptrend in the crypto markets.