[ad_1] While the broader crypto market is on a downward spiral and social media is plagued with fears and complaints, some are choosing to focus on the decentralized finance (DeFi) space's potential for the future. In a DeFi subreddit, Redditor Popular_Rub9075 asked community members what they want to see more of in the DeFi space. According to the Redditor, while negative discussions are prevalent in social channels, it's a "great time"
[ad_1] Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn.Babel Finance officially announced June 17 a temporary suspension of redemptions and withdrawals from its products, citing “unusual liquidity pressures.”“Recently, the crypto market has seen major fluctuations, and some institutions in the industry have experienced conductive risk events,” the statement on Babel Finance's website reads.The firm said that it’s
[ad_1] Since 2020, miners on the Ethereum blockchain have extracted around $600 million from other investors by miners, according to a new report by the Bank for International Settlements (BIS) focusing on common malpractice in the crypto mining industry. The June 16 bulletin, “Miners as intermediaries: extractable value and market manipulation in crypto and DeFi,” suggests three key takeaways from the BIS' research on the functioning of the Ethereum protocol. The
Bitcoin - A Monster Rally Ahead? In this video I discuss if Bitcoin is about to have a monster rally. Bitcoin shorts are near record levels & sentiment is terrible. source
[ad_1] The popularity of nonfungible tokens is on the rise as recent data shows that the number of digital collectible platforms in China has grown to over 500, a 5X increase from February 2022, when the total number of NFT platforms was just over 100.According to a report published by a local Chinese daily, the sharp rise in the number of NFT platforms comes amid the growing hype and popularity
Hey Altcoin Daily Team, Let's talk about Coinbase. Coinbase announced that it will be adding altcoins in 2018, and this has led to a lot of speculation. Today we ... source
[ad_1] In a tweet, Finblox announced that the firm is assessing the effects of 3AC’s situation on its liquidity. While the firm does this, it highlighted that it paused its reward distribution for all of its users and lowered its monthly withdrawal limit to 1,500 USD.Many of the platform’s users were disappointed with the news, sharing their frustrations about not being able to withdraw their funds. On the other hand,
[ad_1] Binance Labs, the venture capital and incubation arm of the Binance cryptocurrency exchange, continues its business as usual despite the ongoing bear market.The VC firm is preparing to launch the fifth round of the Most Valuable Builder (MVB) accelerator program, the incubation program designed to support new projects focused on decentralized finance (DeFi) and Web3.Organized in cooperation with BNB Chain, the program looks to provide dedicated support to developers
Bitcoin (BTC) Starbucks for BTC + ETC on Coinbase – Crypto news & Cryptocurrency, daily, price, coin, blockchain, starbucks cryptocurrency ... source
[ad_1] On Friday, Bitfrost, a Web 3.0 derivatives protocol that provides decentralized cross-chain liquidity for staked assets, launched the updated Slot Liquidity Auction Protocol dubbed "SALP 2.0." Projects such as Moonbeam, Unique network, OAK network, Polkadex, etc., held their parachain crowdloans on Kusama and Polkadot via the original SALP. A total of 8,834,746 vsKSM ($439 million) and 3,045,564 vsDOT ($21 million) was minted through the protocol.The SALP protocol works by
