Shima Capital is expected to spearhead the closing of Mech.com’s seed round of funding. Polygon, Big Brain, Anti Fund, Cryptology, Master Ventures, BreederDAO, MetaVest, Andromeda VC, Pulse Ventures, and Gumi Ventures will also participate. Players can earn the in-game currency ore and, later, the tradeable cryptocurrency $FORGE token in the match-3 game that is currently […]
Wormhole has announced it will support Terra 2.0 by adding Terra V2 to its network. It will enable developers to send xAssets to chains supported by the network. Plus, developers could also leverage the cross-chain messaging protocol of Wormhole to create xApps. The community of Terra 2.0 includes analytics, decentralized exchange, wallets, non-fungible tokens, and …
In 2019, Binance launched the Binance Chain, and in 2020 launched the Binance Smart Check. Later, BNB became the native cryptocurrency coin of both blockchains. Until recently, BNB’s official name was Binance Coin, but in February this year, it rebranded to BNB, which stands for build and build. The Binance Chain and Binance Smart Chain …
Tether CTO Paolo Ardoino has responded to reports of hedge funds shorting its USDT stablecoin. A “short” is a bet against the value of an asset. In contrast, a “long” position is a bet that an asset will appreciate in value. On Monday, the Wall Street Journal reported that various traditional hedge funds had open... Read more » The post Tether CTO responds to reports of hedge funds shorting USDT appeared first on The Block.
The hacker behind the Horizon attack has seemingly declined the protocol's offer by starting to launder the funds through TornadoCash.
The exploiter seems to have rejected the Harmony team’s bounty offer of $1 million to return the $100 million stolen from the Horizon Bridge token bridge.
Nexo on Sunday dismissed recent allegations of fraud against the crypto lender, calling them “fake news.” The firm also issued a “Cease and Desist” notice on its website. Nexo’s response was directed at Twitter user @otteroooo, who over the weekend made allegations of fraud against Nexo and its founders. Otteroooo alleged that Nexo’s founders had The post Crypto Lender Nexo Denies Fraud, Issues Cease And Desist Notice appeared first on CoinGape.
“There is no doubt that there are many more crimes to be discovered in your trail of destruction,” hacktivist group Anonymous said on its YouTube channel.
The Harmony team says it will offer $1 million to the hacker who exploited the Horizon Bridge for $100 million, but that may not be enough to get the funds back.
Lawyers hired by crypto lending platform Celsius are advising the company to declare bankruptcy. However, executives in Celsius would prefer to avoid a long-winded Chapter 11 process, and Celsius investors are needed to show their support for this. Celsius is teetering on the brink, and it may well be that the Wall Street lawyers, hired for their advice by the company, will be able to talk the company into filing for Chapter 11 bankruptcy proceedings. However, according to an article on Monday by The Block, executives of Celsius are resisting the advice of the lawyers it hired, and their preferred option is to buy more time in order to attempt to resolve the liquidity issues that forced their hand in the first place. If the company is able to do this with some success, then far more of the investor wealth that is stuck on the platform can be slowly released back to them, leading to a much better outcome for investors. Crypto Daily reported on just such a recovery plan put forward by Simon Dixon and Bank to the Future. According to Dixon, it’s all about getting as much value back to investors as possible. He recently tweeted the following, replying to The Block article: On the subject of investors playing their part, The Block reported that “people with knowledge of the situation” are urging investors to show their support for avoiding the bankruptcy option by selecting “HODL mode” from within the Celsius app. Celsius as a company is legally bound not to recommend or suggest anything to its investors, so its hands are tied to this end. However, if many investors suddenly select the HODL mode function in their Celsius app, then it would send a message to those concerned with trying to shut the company down, that this is not the will of the investors and would display their strength of feeling on the matter. If the bankruptcy does go ahead, then Celsius assets will be sold into the market to fetch whatever they can get, and its investors will have to join the queue of creditors and probably have an extremely long wait before getting anything back from their investments. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The Celsium failure continues to draw attention to the lending issues from regulators and community.
Leading Dubai-based crypto exchange, Bybit is getting set to launch its services in Argentina, according to a report by CriptoNoticias, due to the rising adoption of cryptocurrencies in the Latin American country. “Taking into account the level of penetration and the rapid growth in the adoption of cryptocurrencies in Argentina, Bybit has made this decision, […]
Ripple chief Brad Garlinghouse reportedly says that the firm will leave the country if the...
Bitcoin is clearly a commodity to Chairman Gensler, but he refuses to comment on any other token.
Financial services titan Goldman Sachs is reportedly raising $2 billion to purchase discounted assets from...
CoinFLeX will issue recovery tokens to help fund customers’ withdrawals. The exchange had run into trouble after one individual’s accounts went into negative equity, resulting in the halting of withdrawals. It will issue $47 million worth of the Recovery Value USD (rvUSD) tokens. Futures crypto exchange CoinFLEX will issue recovery...
The Responsible Financial Innovation Act offers clarity around Bitcoin-related terms and could incentivize bitcoin mining with renewable energy.
Mining firms are ramping up sales of their Bitcoin holdings as the first cryptocurrency exhibits excessive market volatility. According to the press release, Bitfarms, a global Bitcoin self-mining firm based in Canada, is now “adjusting its HODL strategy” to offer more liquidity and strengthen its balance sheet. According to reports, the firm sold 3,000 BTC […] The post Canada’s Largest Bitcoin Mining Firms To Offload Holdings appeared first on Latest Crypto News. Canada’s Largest Bitcoin Mining Firms To Offload Holdings was first posted on June 21, 2022 at 5:02 pm.©2021 "Latest Crypto News". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at [email protected]
Bitcoin miners appear to have reduced the pace at which they were offloading tokens, indicating that some selling pressure on the token may have eased. Bitcoin prices stabilized around $20,000 after tumbling as low as $17,922 last week. The token now appears to be treating $20,000 as a support level. A bulk of this tumble The post Bitcoin Miners Wind Down Selling, Is A BTC Recovery In Sight? appeared first on CoinGape.