Gabriel Cross
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Gabriel Cross used to be a bank officer for an international bank for many years. From this point of view, he says the time spent obtaining a degree in economics was a waste of time. A few years back, he decided to quit his job and start trading. He is obsessed with decentralized finance, but he often plays with the stock market, investing with great pleasure into ground-breaking tech solution startups.
The Federal Bureau of Investigation has issued a warning to the public, outlying the potential dangers of using decentralized finance (DeFi) platforms. FBI cites the report made by blockchain analysis company, Chainalysis, claiming that $1.3 billion worth of crypto was stolen between January and March 2022. And 97% of that sum was taken from DeFi […]
Despite the adverse conditions in the crypto market, Symbolic Capital has announced a $50 million fund for supporting early-stage Web3 projects. Symbolic Capital is a relatively new company founded in May 2022 and headed by industry veterans – the Polygon founder, Sandeep Nailwal, and Cere Network’s founder, Kenzi Wang. According to the company’s announcement, this […]
Another day, another crypto hack. This time, a bug in the aUSD stablecoin’s liquidity pool was exploited, as hackers minted 1.28 billion aUSD coins. aUSD is a stablecoin introduced by the DeFi platform Acala, which operates on Polkadot. Following the exploit, Acala quickly fixed the bug and identified the wallets which received the aUSD minted […]
Trouble at Everyrealm, the successful metaverse startup. Its CEO, Janine Yorio, as well as several other employees, have been sued by two former employees for harassment. Teyo Johnson, the former Strategic Partnerships Director at the company and a retired Afroamerican NFL player, claims that Yorio has harassed him on a racial basis. And the former […]
The luxury goods purveyor, Tiffany & Co., has announced that it will be launching an NFT collection named NFTiff. The collection consists of 250 NFTs, each priced at 30 Ethereum (little over $50,000, according to CoinMarketCap). It will be available starting on August 5. The NFTiff pieces are aimed at owners of CryptoPunks. They will […]
As part of a continuation of the global trend of cryptocurrency adoption, employees of the baseball team New York Yankees are now able to receive a piece of their salaries into Bitcoin. The owners of the team have entered a partnership with the company NYDIG in order to make this possible. The service that NYDIG […]
According to CryptoSlam, the P2E game Axie Infinity saw a 205% increase in NFT sales over the past week, making a total of $1.3 million. This comes after Axie Infinity introduced the support for staking on July 4. This feature enables Axie Infinity Land NFT buyers to earn a passive profit in Axie’s native AXS […]
The cryptocurrency storage company, Anchorage Digital, announced that it is launching an Ethereum-based staking service aimed at institutions. Venture capital firms, banks, and even governments will be able to earn rewards through staking on the Ethereum network. Diogo Mónica, co-founder and president of Anchorage Digital, stated that the company is “providing heightened legitimacy to market-tested […]
The stablecoin A$DC has now been used to buy Australian tokenized carbon credits. There is, however, no information on the value of the transaction yet. A major Australian financial institution has never minted a coin before this one. A$DC was issued by ANZ (Australia and New Zealand Banking Group Limited) back in March. After a […]
The industry’s largest stablecoin issuer, Tether, announced that it will be introducing a token pegged to the British pound next month. The stablecoin, GBPT, will initially be supported by the Ethereum blockchain. This will be the fifth fiat currency-pegged stablecoin that Tether has launched. Until GBPT, Tether has launched stablecoins USDT (dollar-pegged), EURT (euro-pegged), CHNT […]
