Babel Finance, an Asian-based crypto financial service has now halted client withdrawals amid the turmoil within the crypto space. The Hong-Kong based crypto lender Babel Finance through an announcement on its official website said, “ Some institutions in the industry have experienced a conductive risk events,” and for this reason, “Babel Finance is facing unusual liquidity pressures” Babel Finance, within […]
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On Friday, Bitfrost, a Web 3.0 derivatives protocol that provides decentralized cross-chain liquidity for staked assets, launched the updated Slot Liquidity Auction Protocol dubbed “SALP 2.0.” Projects such as Moonbeam, Unique network, OAK network, Polkadex, etc., held their parachain crowdloans on Kusama and Polkadot via the original SALP. A total of 8,834,746 vsKSM ($439 million) and 3,045,564 vsDOT ($21 million) […]
Read moreLUNA 2.0 price appears again in danger as more than 250K LUNA is about to hit the centralized exchanges very soon. Moreover, these tokens are expected to get liquidated immediately creating massive selling pressure on the asset. Therefore, the LUNA price is expected to be extremely volatile in the upcoming days, as they may register an all-time low very soon. […]
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According to price data from CoinGecko compiled by CoinGoLive, the current bear market has seen a whopping 72 out of top-100 tokens fall more than 90% from their all-time highs. The larger cap coins are faring better than most. Among the top ten cryptocurrencies by market cap, nine have dipped less than 90% during the current market downturn. Bitcoin (BTC), […]
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Tokyo, Japan, 17th June, 2022, Chainwire META PYLON announced the world’s first feature to encourage NFT holders to participate in the Metaverse. This feature recognizes NFTs held by users as stickers and attaches them to 3D objects to create entirely new NFTs. This is being done through its 5,555 on-chain interactive NFT products that it is offering for mint. META […]
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Musk, SpaceX, and Tesla were sued for $258 billion for Doge-related accusations, according to various articles online. According to the lawsuit filing, they are involved in a “racketeering scheme to support Dogecoin.” According to the report, the action is being brought by Keith Johnson, an American citizen. “Defendants’ Dogecoin Crypto Pyramid Scheme” allegedly “defrauded out of money by defendants.” He […]
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Crypto investors — particularly those that bought in toward the top of the market in 2021 — may be able to find some salvation through a tax-saving strategy called “loss harvesting” according to Koinly’s head of tax. Koinly is one of the most widely-used crypto tax accounting firms online. Head of tax Danny Talwar told Cointelegraph that while most retail […]
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Ripple CEO Brad Garlinghouse has stated that the firm will keep hiring despite the ongoing crypto carnage. In a thread of encouraging tweets on Tuesday, Garlinghouse stated that Ripple had a “significant cash balance” and thus could afford to keep hiring the best talent. He further said that they intended to source about 50% of the workforce outside the U.S. […]
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One American citizen by the name of Keith Johnson is taking Elon Musk and his companies Tesla and SpaceX to court for allegedly orchestrating what he believes to have been a racketeering scheme that worked out to his detriment. Musk, Tesla, And SpaceX Face $258B Dogecoin Suit The lawsuit, filed in Manhattan on Thursday, claims Elon Musk, electric vehicle manufacturer […]
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