Category: Latest news

[ad_1] Genesis interim CEO Derar Islim pleaded for more time to sort the financial situation of its lending arm, according to a Jan. 4 statement. Islim said the firm was currently involved in “a very complex process that will take some additional time.” He added that the firm remains committed to solving its current situation.…

[ad_1] In this episode of the Slatecast, host Akiba and Doug from HiFi Finance discuss the potential impact of decentralized finance (DeFi) on tangible real-world assets, specifically through tokenization. HiFi Finance is a decentralized lending and borrowing protocol that fixed-rate loans. Its partnership with Crown Ribbon aims to bring horse syndicates onto the blockchain and…

[ad_1] A GMX whale wallet was hacked for $3.4 million of the decentralized exchange(DEX) tokens and sold through the open market, blockchain security firm Peckshield reported. MX price fell by over 3% to $41.09 following the incident, CryptoSlate data showed. An admin on  GMX’s official Telegram group Xhiroz confirmed the incident. Xhiroz wrote:  “A GMX…

[ad_1] The World Economic Forum (WEF) recently published an article outlining its future vision for crypto. It mentioned JPMorgan and other “major financial institutions” in the context of 180’ing from their initial skepticism on digital assets. While also advocating for “breakthrough technologies” to be handed over to “responsible actors.” “The more enduring approach with all…

[ad_1] Indian crypto exchanges lost around 97.1% of their trading volume between January and October 2022, according to recent research. The report by Indian technology policy think tank Esya Centre studied three major Indian exchanges, including WazirX, CoinDCX, and Zebpay. The study bears significance since it provides the first monetary estimate of the impact of…

[ad_1] Nike RTFKT COO Nikhil Gopalani said on Jan. 3 that he lost all his NFTs to a “clever phisher” who hacked his wallet. Gopalani tweeted that the hacker stole all his Clone X NFTs and other unnamed digital assets in a phishing attack. He added that the hacker had same phone number as his…

[ad_1] Solana-based memecoin “BONK” — which has gained rapid media attention — airdropped over 50% of total supply to the top 25 holders. As of press time, there were roughly 98,000 BONK holders, which — when compared to the top 24 holders — equates to a ratio of 4083:1. BONK is up 380% since the…

[ad_1] YouTuber Logan Paul responded to Coffeezilla, aka Stephen Findeisen, over accusations that he scammed CryptoZoo investors. Paul said he was betrayed by people he trusted Paul’s opening statement claimed Coffeezilla’s investigations into CryptoZoo were motivated by a desire to piggyback off his celebrity status. He added that, in chasing clout, Findeisen has opened himself…

[ad_1] The U.S. Securities and Exchange Commission has filed fraud charges against a CFO who embezzled funds to invest in crypto, according to a Jan. 3 press release. The accused — Cooper J. Morgenthau — served as CFO of African Gold Acquisition Corp., which acted as a special purpose acquisition (SPAC) company that arranged mergers…

[ad_1] Twitch Streamer and Goobers NFT founder DNP3 confessed in a twit longer that he is now completely broke after gambling away his life savings and all funds received from investors. Earlier in September 2021, DNP3 launched Goobers NFT as a collection of 15,000 collectibles on Ethereum. So far, the collection has recorded about 968…