Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting firm in advance of the company possibly facing bankruptcy. According to a Friday report from the Wall Street Journal . As the celsius platform is on the verge of bankruptcy, it has begun to hire restructuring experts. …
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One of the co-founders of Yuga Labs made a statement addressing accusations of using covert Nazi imagery at the Bored Ape Yacht Club. On June 24, Wylie Aronow, the name behind the Bored Ape Yacht Club collection, took to Twitter to address the alleged “false information campaign” that she and …
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Like bitcoin, Ethereum has lost a lot of value in recent months.The world’s second most valuable crypto asset touched a low of almost $850 during the recent market sell-off.As a result of the crypto winter, the total number of active Ethereum addresses has now reached 28,149, the lowest level since …
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Mobius said a lot of people consider “buying down”. He stated that this means that the price of Bitcoin could drop further in the future. Mobius represented cryptocurrencies as “a measure of investor sentiment.” He also classified Bitcoin as a leading indicator of how the Dow Jones index will perform …
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US Securities and Exchange Commission (SEC) Chair Gary Gensler has sought a formal cooperation between financial agencies to regulate the crypto assets effectively. Rulebook for Crypto Trade According to a news report in the Financial Times, Gensler said there should be one rule book so that bad actors don’t make use of …
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Cristiano Ronaldo said that the idea of bringing new experiences to his fans through NFTs is something that he wanted to be a part of. Football superstar Cristiano Ronaldo has signed an exclusive multi-year NFT partnership with crypto exchange Binance . He aims to introduce football fans to the Web3 ecosystem. Binance …
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Although Do Kwon comes with new terra luna , the fate of the new Terra Luna is not looking good. Do Kwon Isn’t Give Up there’s still a handful of well-wishing associates for Do Kwon and Terra. One such is Ronald AngSiy, vice president at decentralized finance (DeFi) company Intellabridge …
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Cloudflare went down again earlier today, taking many cryptocurrency exchange websites with it. Earlier today, web infrastructure platform Cloudflare suffered another major outage causing half of the Internet to collapse, crippling major communication platforms and crypto exchanges, including Discord and FTX. Major Crypto Exchange Stopped Working During the Cloudflare outage, …
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The Grayscale CEO believes the US SEC has started acknowledging Bitcoin’s maturity through the approval of ProShares’ Bitcoin-linked Short ETF. Michael Sonnenshein, the CEO of the leading crypto asset manager, Grayscale Investments, believes the launch of ProShares’ Short Bitcoin Exchange-Traded Fund (ETF) could be a positive sign for the industry. …
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Brazil is leveraging the decentralized nature of blockchain technology to fight corruption in the public sector. On May 30, Brazil’s new government blockchain network went live, with a cooperation agreement between Uniam SAI and the Brazilian Development Bank. The launch event was broadcast live on Uniam SAI’s official YouTube channel. …
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