News

Ahead of its long-awaited parachains launch, Polkadot published a comprehensive roadmap where it revealed that all upcoming parachains will be tested and optimized both on regular parachain testnets such as Rococo and on the Kusama Network. Polkadot publishes comprehensive parachain launch roadmap Parachains, the building blocks of the ambitious Polkadot network, are set to see […]

Two Nigerian regulatory bodies, the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), have agreed to conduct research to regulate and govern the sector’s booming Bitcoin and crypto market. An opportunity for Nigeria As per a report on local outlet Premium Times, the two bodies made the decision at a lecture […]

According to chartered accountants HillierHopkins, Her Majesty’s Revenue and Customs (HMRC) will target crypto investors in the up-and-coming budget on March 3. Principal at the firm Thomas Gibbs predicts this will take the form of a hike in Capital Gains Tax (CGT) from 20% to 40%. “HMRC sees cryptocurrencies not as a currency but as […]

Yesterday’s decline of the crypto market has triggered the second-largest wave of liquidations in decentralized finance’s (DeFi) history as a total of $24.1 million worth of positions got wiped, according to metrics platform DeBank. The largest amount of collateral was liquidated on DeFi platform Compound ($13.7 million), followed by Aave with $5.4 million. Previously, the […]

A long-running case regarding Tether’s alleged fake dollars and Bitfinex’s involvement in covering up parts of the former’s business have drawn to a close today. $18.5 million fine Stablecoin issuer Tether and Bitfinex, a prominent crypto exchange and its parent company, have today settled with New York courts on a long-running case that saw the […]

Decentralized finance is a prevalent industry that keeps reaching new milestones. Despite the appeal, no one can deny plenty of issues with the current DeFi mining model. In my opinion, we need to revamp this entire aspect by removing impermanent loss from the equation.  DeFi Mining Has Issues One of the more popular aspects of […]

The biggest Ethereum wallets are smart contracts instead of exchange or user accounts—a sign of adoption and activity. Wrapped Ethereum leads the charts Two of the largest Ethereum wallets are smart contracts, data from various sources shows. The top address is a “Wrapped” ETH wallet, while the next is the Ethereum 2.0 deposit wallet. “The […]

The developers of Primitive, Ethereum-based decentralized finance (DeFi) permissionless options protocol, “whitehacked” their own platform after a severe exploit was discovered today. “EMERGENCY ALERT @PrimitiveFi has whitehacked our contracts to safeguard user funds after a critical vulnerability was discovered. Further user action is required to safeguard funds,” Primitive tweeted today. ? EMERGENCY ALERT? @PrimitiveFi has […]

Logan Paul sells $3.5mn worth of non-fungible tokens (NFTs) on the first day of release. The popular YouTuber launched his line of NFTs last week in collaboration with Bondly – the Polkadot-based decentralized products ecosystem. Logan Paul made $3,540,456 in 1 day. • Dropped the 1st Logan Paul NFT yesterday• 3000 NFTs available• Price: 1 […]

Crypto.com, the Hong Kong-based payments and crypto exchange platform, will conduct one of the biggest token burns ever ahead of its mainnet launch. Crypto.com’s DeFi move Crypto exchange and payments tool provider Crypto.com will burn over 70 billion CRO in the coming weeks as it approaches its mainnet launch, it said in a blog post […]