On Monday (June 20), Charles Hoskinson, Co-Founder and CEO ofIO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s research and development, explained why the Vasil hard fork will not be going live on the mainnet on June 29 as originally planned. Yesterday, Nigel Hemsley, Head of Delivery & Projects at IOG, published a blog post titled “Vasil […]
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The cryptocurrency space has been at the fastest-growing pace ever since the inception of Bitcoin. Associated with this, there’s a significant increase in new trends emerging every year, ranging from the original ICO to the unparalleled NFT. Escorted by a fantastic amount of innovation and development just a few years away, crypto companies face the growing challenges of balancing security […]
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Six months into 2022 and the crypto industry has been hit by several blows. NFTs and crypto projects were victims of a catastrophic exploit that is reminiscent of the dark days of 2017. Optimists are hopeful for better days in the second half of the year. 2022 began with a lot of promise for investors in the crypto space but […]
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By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin plummeted over the weekend below the ATH reached in 2017, at around $19,600. Coinglass, a trading and information platform, shows that there were $600 million in liquidations as Bitcoin dropped to a low of $17,600 approximately. Bitcoin suffered around $300 million in liquidations whilst Ethereum endured $200 million. Despite this […]
Read moreThe governor of the Jamaican central bank has warned people using or who have plans to use cryptocurrencies to be mindful of the associated risks. The governor added that cryptocurrencies’ unpredictability means they cannot function as a medium of exchange. Not Stable Enough to Be Good Means of Payment The governor of the Bank of Jamaica, Richard Byles, has cautioned […]
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Terra’s founder has a slew of legal troubles to face after the crash of the network in May. The US SEC won a case against the firm and has reportedly unearthed evidence of money laundering. Experts are predicting an avalanche of class action lawsuits with one already underway in South Korea. Although Terra has seemingly moved on from the collapse […]
Read moreBancor has suspended impermanent loss protection, citing hostile market conditions. The feature will be reactivated when markets stabilize. Bancor is the latest entity to take action as the effects of the bear market grow. The Bancor decentralized exchange is suspending its impermanent loss protection feature as it too begins to feel the effects of the bear market. Citing “hostile market […]
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Summary: The crypto yield service halted withdrawals over a week ago citing turbulent market conditions. All client transactions were affected and the matter remains unresolved. Celsius said they’re in touch with regulators and relevant officials to find a solution. AMA events and Twitter spaces are paused until further notice. BnkToTheFuture offered assistance to help facilitate recovery. Celsius Network has decided […]
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The ongoing bear market on cryptocurrency markets is too harmful to industry lenders but the concept of crypto lending can still survive the bloodbath, according to some industry experts. Cryptocurrency lending is a type of crypto services allowing borrowers to use their crypto assets as collateral to get loans in fiat currencies like the U.S. dollar or stablecoins like Tether […]
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