Category Archive: Cryptocurrency, No picture
What is centralized finance?
Key Takeaways CeFi acts as an intermediary in the crypto world, unlike DeFi. Recent CeFi collapses highlight the sector’s inherent risks. Centralized Finance, or “CeFi” serves as a crucial intermediary between traditional financial systems and the decentralized world of cryptocurrencies. Unlike decentralized finance (DeFi) platforms that operate autonomously through smart contracts, CeFi platforms function as […]
UXLINK unveils next-gen social growth omni-chain infrastructure to empower builders and scale apps to billions of users
Key Takeaways UXLINK’s chain abstraction stack merges Web2 ease with Web3 innovation. The platform supports both EVM and non-EVM chains, ensuring wide application scalability. Singapore – UXLINK is excited to announce the launch of its cutting-edge chain abstraction stack, designed to revolutionize how developers and users interact with blockchain technology. UXLINK’s next-gen chain is an […]
Euler allocates $4M for security, conducts 29 code audits to safeguard v2
Key Takeaways Euler invested $4 million in security, far exceeding industry standards. The v2 code underwent 29 audits by 12 different security firms. Euler, a decentralized lending protocol, today announced the completion of an unparalleled security process for its v2 platform. Euler DAO invested roughly $4 million in security measures, including the hiring of top […]
Marathon Digital announces $250 million raise to acquire more Bitcoin
Key Takeaways MARA plans to offer $250 million in convertible senior notes due 2031 to qualified institutional buyers. Proceeds will be used to acquire additional bitcoin and fund general corporate purposes. Marathon Digital Holdings, Inc. (MARA) has announced plans to offer $250 million in convertible senior notes, and the proceeds will be used “primarily to […]
Ethereum leads $176 million crypto fund inflows as investors buy the dip
Key Takeaways Digital asset investment products saw $176m in inflows as investors bought the recent price dip. Ethereum attracted $155m in inflows, bringing its year-to-date total to $862m, the highest since 2021. Crypto funds attracted $176 million in inflows last week, with products indexed to Ethereum (ETH) leading the pack with $155 million in inflows, […]
Canto blockchain experiences prolonged outage, fix scheduled for Monday
Key Takeaways Canto blockchain’s transaction processing halted for two days due to a consensus issue. Canto’s native token value dropped by 21% during the outage but later recovered. Canto, a layer-1 blockchain platform, has been non-operational since August 10 due to a consensus issue, with a resolution planned for August 12.The blockchain ceased processing transactions […]
BlackRock Ethereum ETF on track to hit $1B net inflows
Key Takeaways BlackRock’s Ethereum ETF has accumulated $901 million since its launch and may soon hit $1 billion in net inflows. Grayscale’s Ethereum ETF remains the dominant player in the market despite intense outflows. BlackRock’s Ethereum exchange-traded fund (ETF), the iShares Ethereum Trust, could become the first US spot Ethereum fund to hit $1 billion […]
Celsius sues Tether for $2.4B in Bitcoin, Tether strikes back, calls case a “shakedown”
Key Takeaways Celsius accused Tether of wrongdoing in a 2022 agreement where Tether provided USDT to Celsius against BTC collateral. Tether denied wrongdoing, claimed the lawsuit is baseless and a “shakedown” attempt to recover losses from Celsius’ mismanagement. Tether, the issuer of the stablecoin USDT, has fired back at Celsius Network in response to a […]
Charles Hoskinson says voting for Kamala Harris is a threat to US crypto sector
Key Takeaways Hoskinson and Winklevoss criticized the Biden-Harris administration’s actions against the crypto industry, warning that a Harris presidency could further harm the sector. The Democrats reportedly launched a new campaign to win support from crypto voters and strengthen Harris’s campaign. Charles Hoskinson, the founder of Cardano, warned that voting for Kamala Harris in the […]
Bitcoin must hold $60,600 as support for further upside, says trader
Key Takeaways Bitcoin broke $62,000 on Aug. 8, needing to hold $60,600 as support for potential $65,000 test. Spot Bitcoin ETFs saw $195 million inflow on Aug. 8, with BlackRock’s IBIT leading at $157.6 million. Bitcoin (BTC) broke $62,000 on Aug. 8 and now needs to hold the $60,600 level as support on the daily […]
