2022-12-03
Altcoin Global News

Compound Finance to impose lending caps in light of failed Aave exploit

Some illiquid altcoins will have their borrow limit reduced by upward of 99%. Users of decentralized finance lending platform Compound Finance have passed a proposal to restrict the maximum borrowing of 10 tokens on the protocol. The proposal put forth by financial modeling firm Gauntlet passed Nov. 28 by majority vote, although the total turnout amounted to […]

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Altcoin Global News

FTX resumes paying staff and contractors after weeks in limbo

The payments will exclude former FTX CEO Sam Bankman-Fried, and certain former execs including Gary Wang, Nishad Singh and Alameda’s Caroline Ellison. Bankrupt crypto exchange FTX has announced it will be “resuming ordinary” cash payments, salaries and benefits to its remaining employees around the world. The announcement came from new FTX CEO John Ray III on Nov. […]

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Ethereum Global News

Chainlink eyes 25% rally ahead of LINK staking launch in December

LINK’s price could rally on speculations over Chainlink’s oracle services growth coupled with a supportive technical pattern. Chainlink LINK $7.35 looks poised for a 25% price rally in the days leading up to its staking protocol launch, based on several fundamental and technical factors. Chainlink’s price rallies ahead of staking launch The staking feature, which will go […]

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Ethereum Global News

Tokenized government bonds free up liquidity in traditional financial systems

There are a number of benefits associated with tokenized government bonds, yet adoption may take time. A handful of government-backed financial institutions have been exploring tokenization use cases to revolutionize traditional financial systems. For instance, El Salvador’s Bitcoin Volcanic bond project has been in the works for over a year and aims to raise $1 billion from investors with […]

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Ethereum Global News

Staking tech firm Kiln closes $17.8 million, eyes future ETH staking demand

Staking infrastructure firm Kiln has closed a $17.8 million fundraising round led by the likes of Consensys, GSR and Kraken Ventures. Staking technology provider Kiln has closed out a $17.8 million fundraising round featuring the likes of Consensys and Kraken Ventures. The company is eyeing ‘exponential’ growth in demand for ETH staking services from institutional […]

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Bitcoin Global News

Calls for regulation get louder as FTX contagion continues to spread

The FTX saga has made some crypto executives, researchers, analysts and politicians more aligned on regulation than ever. Crypto executives and politicians are becoming louder in their calls for crypto regulation as the aftermath of the FTX collapse continues to reverberate through the industry.  In just the last 24 hours, the European Central Bank (ECB) president […]

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Bitcoin Global News

Bitcoin shrugs off BlockFi, China protests as BTC price holds $16K

BTC price action heads higher with Bitcoin joining Asia stocks in a rebound despite FTX pressures continuing. Bitcoin BTC $16,374 held crucial $16,000 support into Nov. 29 as bulls weathered ongoing FTX fallout and macro triggers. Trader teases BTC long as $16,500 reappears Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD leaving lower levels untouched overnight. The pair had seen […]

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Bitcoin Global News

Non-whale Bitcoin investors break new BTC accumulation record

Bitcoin addresses holding up to 10 BTC have been accumulating record amounts of BTC in the aftermath of the FTX collapse. Some non-whale Bitcoin BTC $16,396 investors seem to have had zero issues with the cryptocurrency bear market as well as fear, uncertainty and doubt (FUD) around the fall of FTX, on-chain data suggests. Smaller retail investors […]

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DeFi Global News

The reason bots dominate crypto gaming? Cash-grubbing developers incentivize them

Users who have the most ability to profit from the crass profiteering mechanisms are those who use automated systems to “play” the games. Think back to the communities you’ve been genuinely excited to be a part of throughout your life. It’s likely these were groups formed on the basis of shared interests, right? That’s because […]

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DeFi Global News

TON Telegram integration highlights synergy of blockchain community

Independent developers from The Open Network community developed a Telegram bot for trading and transferring cryptocurrency. As a result of a recent upgrade to the wallet bot, users of the Telegram app are now able to purchase and sell cryptocurrencies without leaving the application. The wallet bot was developed by The Open Network (TON, formerly Telegram Open Network) […]

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