News

Curve Finance, the company behind the Curve protocol, announced that it will be launching its own stablecoin. This will be an overcollateralized stablecoin, meaning that Curve is now competing in this area with other prominent DeFi protocols, such as Aave and Maker. Curve’s stablecoin will be decentralized. Unlike centralized stablecoins, such as USDC and USDT, […]

The popular “liquid staking service”, Lido Finance, is expanding into new Ethereum-based layer 2 scaling solutions. This means that Lido Finance users will be enjoying lower fees and a range of DeFi applications that can increase the users’ staking yields. As part of its staking consensus mechanism, Ethereum requires at least 32 ETH for users […]

Similar to the Bitcoin (BTC) founder Satoshi Nakamoto, Ryoshi’s identity has remained unknown since the project launched in August 2020. Additionally, they have also held a hands-off approach to the memecoin, much like Dogecoin (DOGE) founders Billy Markus and Jackson Palmer. Lead developers such as Shytoshi Kusama have stated that the project will carry on […]

BAYC issued ApeCoin token with a drop for holders of their NFTs. For a monkey worth $250k at the current rate, they offer $80k somewhere.

Stader Labs is launching its coin today and everyone is wondering what the Stader coin rate will be. CEX trading is set to start at 13:00 UTC. In its ICO stage, the value was $4.5 with a total volume of 3 million tokens. Stader (SD) token is the native governance token for Stader protocol. SD […]

The blockchain company VeChain is the first Web3 institution to sign a sponsorship deal with UFC. The deal is valued at almost $100 million. The VeChain’s logo will be displayed in the Octagon arena for the first time in the Teixeira vs. Prochazka match on Saturday. VeChain is a public network compatible with Ethereum. It […]

Billionaire and inventor Elon Musk bought Twitter for $44 billion and fueled the rise of DOGE Coin crypto.

PayPal in Ukraine is now fully operational and Ukrainian cards can already be linked to the PayPal accounts.

Opera and MultiversX join forces to bring the metaverse to your fingertips! 🌐💥 Trade tokens, NFTs, and dApps on Opera Crypto browser with ease.

Bakkt 🚀 acquired Apex Crypto, but later delisted 70% of tokens due to regulations. It’s all part of their commitment to «clients’ best interests.» 💼💔

The court agreed to payout of 437K, 💰💰 forgetting the fears that Do Kwon might flee the country. Is this legitimate given the most wanted? 🤔

Crypto Insider Trading Bombshell! Ex-Coinbase staffer Ishan Wahi gets 2 years behind bars! 💣🔒 No playing games with the market!

Exhale, U.S. users. 🌬 For all its woes and struggles, Coinbase remains rooted in the US. But not so much with SEC. 😜😡

🙈 Poloniex got caught by OFAC for not following KYC rules, resulting in a $7.6M settlement for over 65,000 sanctions violations. 😬💸

Binance to open Binance Japan in June. Ready to help Japan take the lead in crypto, let’s get this crypto party started! 🚀🇯🇵

Decentralized exchange Uniswap has received $165 million in Series B funding. Polychain Capital led the round, which also included a16z crypto and Paradigm. Uniswap was estimated in this round to be worth $1.6 billion. The popular DEX, which enables users ERC-20 token swapping, saw $1.2 trillion in trading volume since it opened its doors. The […]

Following last week’s Binance Smart Chain hack, another DeFi platform was now hit. This time, the Solana-based trading platform for perpetual futures and spot margin trading, Mango Markets, was the target of the exploit, with the attacker taking off with $100 million. According to the blockchain security firm OtherSec, the hack was carried out by […]

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 […]

After the DeFi protocol Curve Finance was hacked for $537,000 this Tuesday, the crypto exchange Binance has now managed to recover $450,000 of that amount. According to Binance’s CEO, Changpeng Zao, the exchange detected the hacker’s multiple attempts to send the funds to Binance in various different ways. The crypto exchange is now busy returning […]

The cryptocurrency exchange Unizen secured $200 million in an investment made by the private equity group Global Emerging Markets (GEM). Unizen will use the funds to further develop its business and crypto ecosystem. Part of the funding will be released upfront. The rest will be provided later, as Unizen achieves the agreed milestones. There’s no […]

DeFi projects are seeing a surge in the amount of fees paid and token prices. For starters, the decentralized exchange Uniswap has outperformed its host blockchain Ethereum. According to data from Crypto Fees, between June 15 and June 21, average daily amount of fees paid on Uniswap was $4.87 million, while the daily average on […]

Attackers have hit Inverse Finance, a DeFi protocol based on Ethereum, for $1.26 million in Wrapped Bitcoin (WBTC) and Tether (USDT). The attack happened just two months after Inverse Finance lost $15.6 million in a similar attack of the price oracle manipulation exploit type. More specifically, a flashloan attack happened this time. Flashloan is a […]

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 […]

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 United States Federal Trade Commission (FTC) has sued Meta in order to stop it from purchasing Within, a developer of VR-based fitness applications. FTC claims that the purchase would have granted Meta monopoly over the entire metaverse space. Within is the developer behind the popular VR fitness app, Supernatural. Meta, the owner of Facebook, […]

A digital entertainment company, Animoca Brands, announced that it has joined forces with several other prominent companies in order to create a new Metaverse alliance. The goal of the Open Metaverse Alliance for Web3 (OMA3) is to address the challenges of the emerging metaverse environment, with the key goal of maintaining the freedom of information. […]

Solana Labs has announced the launch of the Solana Mobile Stack ecosystem for Android. It also announced Saga, its upcoming Android smartphone. Solana Mobile Stack (SMS) is an open-source software kit. It enables the development of native Android apps on the Solana blockchain. The kit is already available for developers. SMS comes with several notable […]

Actor and writer Rob McElhenney of the “It’s Always Sunny in Philadelphia” fame has formed a new “entertainment-tech” company named Adim. The company will provide a virtual writers’ room for collaboration between writers. Each of the participants will receive ownership of the developed IP via non-fungible tokens (NFTs). Initially, 100 writers will be selected from […]

US postal operator United Parcel Service (UPS) has filed for the trademarks of UPS in the form of NFTs for working in metaverses.

Warner Music Group announced that it has entered into a partnership with the NFT marketplace, OpenSea. The collaboration is supposed to increase Warner Music artists’ Web3 presence, including Madonna, Ed Sheeran, and Cardi B. As part of the deal, OpenSea will secure the artists an early place in the NFT marketplace future products. In addition, […]

The NFT market isn’t immune to crypto winter either. According to Dune Analytics, weekly NFT trading volume has dropped by 98% since the beginning of the year. Currently, the trading volume amounts to some $114 million – a significant decrease from its $6.2 billion mark back in January. Trading volume saw an all-time $146 billion […]

Masonic Grand Lodge in Argentina is launching the global Freemasons’ first-ever NFT collection. In total, the collection will consist of 77 NFTs, featuring imagery from Freemasons’ history and lore. Their square-and-compass symbol and checkered floor patterns, for instance, will be visible on the NFTs’ digital artwork. Even the number 77 is symbolic of having a […]

The electronics giant, LG Electronics, has unveiled its own NFT marketplace in the US. Named LG Art Labs, the marketplace is available to owners of LG screens operating with WebOS 5.0. It is accessed through the TV’s home screen and allows users to trade NFTs while sitting comfortably in front of the screen. Transactions made […]

In anticipation of the 2022 World Cup, happening in November, FIFA has announced a platform for selling World Cup-themed NFTs to soccer fans. Named FIFA+ Collect, the platform will offer NFTs featuring memorable moments in the tournament throughout soccer history. FIFA+ Collect runs on the Algorand blockchain. Algorand is a proof-of-stake blockchain and an official […]

After a charity auction where an NFT inspired by the life of Bill Murray was sold, the famous actor’s digital wallet was hacked for almost 110 Wrapped Ethereum (wETH), or some $174,000. The exclusive NFT was sold on Coinbase, raising 119 wETH ($185,000). After the auction, the attackers most likely planted a dangerous link that […]

A Bored Ape from the Yacht Club is now on Cameo! The ownership of the venture capitalist, Adam Draper (also known as the son of the billionaire investor, Tim Draper), this Ape NFT is animated and provides advice on life difficulties to Cameo users. Cameo is a service that enables fans to pay celebrities to […]