Category: Latest news

[ad_1] The crypto industry has always been highly volatile, but few could have predicted the turmoil it experienced in 2022. This year has been unprecedented for the industry, with every aspect affected by the collapse of Luna and FTX. Aside from retail investors who took considerable losses in these black swan events, Bitcoin miners remain…

[ad_1] Crypto lender Nexo announced on Dec. 5 that it was phasing out its products and services in the United States due to a lack of regulatory clarity. Today we are announcing the regrettable but necessary decision that Nexo will be phasing out its products and services in the United States due to a lack…

[ad_1] Reflexity Research cofounder Will Clemente tweeted on Dec. 5 that stablecoins were one of the few crypto use cases that have found product market fit despite the current market condition. Stablecoin aggregate volume reaches ATH Citing Glassnode data, Clemente said stablecoin’s growth was evident in several areas. This included the aggregate volume reaching an…

[ad_1] Institutional crypto lending protocol Maple Finance has moved to end all its business deals with Orthogonal Trading over concerns that the latter is “effectively insolvent.” Maple Financial lending partner Orthogonal Trading was caught up in the FTX collapse, which left the trading firm in a liquidity crisis. The trading firm has four active loans…

[ad_1] ConsenSys’ MetaMask has been criticized for changing its privacy policy to notify users that it will track IP addresses upon sending transactions. The move is seen as a threat to personal privacy, with concerns that MetaMask’s parent company ConsenSys could use the IPs to surveil the Web3 and DeFi spaces. Infura co-founder Michael Wuehler…

[ad_1] Chairwoman of the US  House Financial Services Committee Maxine Waters tweeted on Dec. 5 that FTX founder Sam Bankman-Fried has sufficient knowledge to testify before Congress on Dec. 13. .@SBF_FTX, Based on your role as CEO and your media interviews over the past few weeks, it’s clear to us that the information you have…

[ad_1] In order to resolve the ongoing issues and redeem funds for its earn users, Gemini has formed an ad hoc committee with other creditors. Earn Update: On Saturday (December 3, 2022), Gemini formed an ad hoc committee with other creditors (Creditor Committee) to coordinate efforts and advocate together for a resolution. — Cameron Winklevoss…

[ad_1] Circle, the cryptocurrency firm behind the stablecoin USDC, has reportedly terminated plans to go public after canceling its special purpose acquisition company (SPAC) transaction with Concord Acquisition Corp. The two companies decided to terminate a planned business combination proposal that was going to pave way for an initial public offering.  According to reports, the…

[ad_1] About 15% of the 1INCH token total supply will be unlocked on Dec. 30, according to the Token Unlocks dashboard. According to the blockchain analytical platform, 888,750,000 (59.25%) of 1INCH tokens are currently locked –the dashboard shows that 222,187,500 (worth $111.426 million) 1INCH tokens would be unlocked on the last day of this year.…

[ad_1] The co-founder of endpoint provider Infura, Michael Wuehler, said the fuss about MetaMask collecting IPs is “vastly blown out of proportion.” Agree.. it’s also incredible for millions to install MM and instantly witness and participate in web3. Our knowledge of IP address data and somehow exploiting that is vastly blown out of proportion. Simple…