The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
MakerDAO plans against sanctions from USDC exposure
With DAI collateralized by 33.9% USDC, MakerDAO is preparing for an emergency shutdown in the case of a sanction by US regulators.
The founders of LunarCrush on how the community creates price
The founders of LunarCrush Joe Vezzani and Jon Farjo share what pushed them to create the social analytics platform that takes its strength from the community.
Curve Finance DNS exploit resolved – how to check if it is safe to use
The front end exploit of Curve Finance has been resolved but not all DNS records have yet been propagated so caution is advised
Polygon, Neowiz join forces to build new Web3 gaming platform Intella X
Intella X will be a brand new gaming ecosystem in which contributors and users have ownership rights and can generate revenue.
Ripple shows interest in acquiring Celsius
A Ripple spokesperson reportedly said the firm was interested in looking for M&A opportunities to scale its business.
SEC, CFTC may seek crypto exposure reports from hedge funds
The form would give the regulators insight into the level of exposure hedge funds have to digital assets. It would also allow them to gauge the effects of a crash on the overall economy.
Hotbit exchange suspends all transactions indefinitely
Due to having its assets frozen as a part of an ongoing investigation, crypto trading platform Hotbit announced it suspended all functions. The exchange said the services will go back to normal as soon as the assets are unfrozen.
Unknown wallet transfers $3B worth of Bitcoin linked to old address
A wallet address with an unknown owner moved nearly 133,000 Bitcoins.
SEC orders Bloom Protocol to register BLT token as security or face $31M fine
Bloom Protocol chose to settle with the SEC without admitting or denying any of the commission's findings.
Research: Bitcoin accumulation trend score shows shrimps buying, whales selling
While macro uncertainty has pushed whales to sell off their coins and de-risk, it had little effect on small time holders who continued to accumulate.
UK’s ASA uphold ruling against Arsenal over fan token ads
According to the regulator, the advertisements were promotion of cryptocurrencies to the general public. Hence, it should contain clear warnings about the risks of such investments.
Bitcoin spikes to $24,000 as CPI inflation remains unchanged at 8.5%
The leading cryptocurrency jumped on news that CPI inflation is holding steady.
Blur Finance allegedly rug pulled, investors at a combined $600K loss
Blur Finance developers allegedly took out over $600,000 worth of BLR from Polygon and BNB Chain, causing the token to crash over 90% in value.
Germany-based Nuri files for insolvency, CoinFlex kicks off restructuring process
Crypto winter has left Nuri insolvent, while CoinFlex is looking to restructure to deal with its unpaid debt.
USDT volume on exchanges up 20% in 3 months
According to Santiment, the high percentage of Tether on exchanges is a sign of 2-year high buying power in the market.