SushiSwap runs out of funds
DeFi platform SushiSwap proposed redirecting all revenues paid to xSushi holders to its Treasury. SushiSwap Head Chef warned of a significant deficit threatening the decentralized exchange. Newly appointed as Head Chef, Jared Grey told the SushiSwap community: Over the past two months as Head Chef, I’ve spent most of my time analyzing the operational and […]
Ankr buys $5M BNB to compensate for exploit
Decentralized finance BNB chain protocol Ankr, suffering from a massive exploit earlier this Friday, decided to compensate the liquidity providers by acquiring $5M worth of BNB. The attack was discovered by PeckShield, an on-chain security analyst, citing it happened due to a bug in Ankr protocol that allowed the hacker to endlessly mint aBNBc tokens. […]
Stripe offers fiat-to-crypto to web3 businesses
Financial services giant, Stripe, now offers web3 businesses a fiat-to-crypto onramp feature to seamlessly buy with fiat directly on the platform. A customizable onramp presented by Stripe can go live on any web3 application involved in paying with crypto, whether it’s an NFT marketplace, a decentralized exchange, or a non-custodial wallet. Stipe explained the rolling […]
Uniswap launches NFT aggregator
Uniswap Labs announced the launch of an NFT aggregator, which allows trading NFTs from partnering marketplaces within the decentralized exchange. Now live on Uniswap, users can find listed NFTs from OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, Foundation, NFT20, and NFTX. The new feature primarily focuses on those who aim to trade across marketplaces, simultaneously providing […]
Nemesis DAO NMS: Token Burn
NMS aspires to become an algorithmic reserve currency backed by other decentralized assets. Similar to the idea of the gold standard, NMS provides free floating value its users can always fall back on, simply because of the fractional treasury reserves NMS draws its intrinsic value from.
Ripple Obtains Long-Sought Documents of Former SEC Official Who Declared Ethereum Not a Security
The founder of Ripple, which created the XRP cryptocurrency, has turned over a series of emails and documents to the SEC and is now embroiled in a high-profile legal battle with regulators over his claims that XRP was illegally sold as a registered security. Ripple’s general counsel, Stuart Alderothy, made the announcement on Twitter Thursday, […]
Walmart CTO says crypto will become a ‘major’ payments disruptor
Suresh Kumar, global CTO of Walmart, believes cryptocurrencies will be a “huge” area of disruption in the future, particularly in how customers pay for virtual and tangible things. Walmart’s CTO stated that the company is preparing to enable consumers who wish to pay with digital assets for both real and virtual items. On October 17th, […]
Cryptocurrencies As a Way to Protect Against Inflation?
It’s 2022, and the world is currently dealing with almost abnormally high inflation rates. Now, let’s rewind to 2008 for a second. This was the year of an absolute financial crash. Back in the day, high-school freshmen and students were jobless and those who wanted to level up their skills and attend for-profit colleges had […]