The bright orange Bitcoin (BTC) logo, for over a decade, has become synonymous with financial freedom amid modern-day recession and stringent governmental oversight. However, unlike the mysteries tied to Bitcoin’s origin, the development of the Bitcoin ‘₿’ logo is fairly documented in the depths of the internet.  When Bitcoin was introduced 13 years ago by creator Satoshi Nakamoto, the first […]

Popular crypto market commentary show Coin Bureau recently took a closer look at Solana ($SOL) and Near Protocol ($NEAR). What Is Near Protocol ($NEAR)? Here is what Binance Research said about Near Protocol back in October 2020: “NEAR Protocol is a decentralized application platform designed to make apps similarly usable to those on today’s web. The network runs on a Proof-of-Stake (PoS) […]

This past week, the decentralized finance (DeFi) ecosystem faced the brunt of the bears fueled by liquidation rumors of Three Arrow Capital (3AC) and Celsius liquidations. MakerDAO decided to cut off Aave (AAVE) from its direct deposit module as a safeguard in light of the possibility that Celsius folds and crashes the price of staked Ether (stETH). Trading firm 8 […]

A group of 14 United States senators and House representatives have signed a letter to the Environmental Protection Agency extolling what they believe are the benefits of crypto mining. In a Thursday letter, many U.S. lawmakers including pro-Bitcoin Senator Cynthia Lummis and Representative Tom Emmer addressed EPA administrator Michael Regan, requesting the government agency analyze the potential impact of crypto […]

Vilnius, Lithuania, 16th June, 2022, Chainwire Turing College (YC W21), an online school for web2 developers, announced it is collaborating with the Tezos Foundation to create courses focused on simplifying developers transition from web2 to web3 The Tezos Foundation provided a grant to create a one to two month specialization course on Tezos smart contracts development, featuring practical capstone projects on smart […]

The popularity of nonfungible tokens (NFTs) is on the rise as recent data shows that the number of digital collectible platforms in China has grown to over 500, a 5X increase from February 2022, when the total number of NFT platforms was just over 100. According to a report published by a local Chinese daily, the sharp rise in the […]

Summary: The firm cited unusual liquidity pressure as the main reason. Babel has now halted withdrawals and redemption till further notice. FatManTerra from the Terra community claims that Babel has heavy losses on one of its positions. Tether CTO Paolo Ardoino confirmed that Babel has no borrowing positions on Bitfinex.  Babel Finance has suspended redemptions and withdrawals on its platform […]

NFT.NYC, one of the largest nonfungible token events, is preparing to open its doors for a fourth year, celebrating the diversity of NFTs across 16 sectors, including art, film, sports and ticketing.  Held from June 20 to 23 in New York City, the blockbuster event will serve as a global melting pot of everybody who’s anybody in the NFT world, […]

Summary: The crypto hedge fund owes BitMEX exchange around $6 million. Sources claim that the positions on Deribit and FTX were small. A Bitmex representative told The Block that the positions were collateralized debts and did not include client funds. Deribit and FTX have not disclosed the value of the positions as of press time. 3AC founders Su Zhu and […]