Binance, one of the world’s largest cryptocurrency exchanges, has come under fire for transferring $1.8 billion of collateral meant to back its customers’ stablecoins to hedge funds without informing its customers. According…
Advancing Towards Issuance: The Digital Real Project in Brazil
The Digital Real Project: A Brazilian Initiative for a Central Bank Digital Currency The digital real project, a Brazilian initiative for building a central bank digital currency, is advancing toward its possible…
Justin Sun’s $240 Million Ethereum Stake Boosts Lido’s TVL to $8.93 Billion
The crypto economy is booming and the latest news from the liquid staking protocol Lido is proof of that. On Saturday, Lido tweeted about the largest daily stake inflow to date as…
Drake’s ‘Curse’ Strikes Again: Rapper Loses $400,000 in Bitcoin After Jake Paul’s Loss
The Canadian rapper and actor Drake recently lost $400,000 in bitcoin after betting that the YouTuber-turned-boxer Jake Paul would beat Tommy Fury by knockout. Drake had placed a $400,000 bitcoin wager, or…
Exploring the Potential of the Digital Real: Central Bank of Brazil Announces Pilot Test for CBDC
The Central Bank of Brazil has recently announced that it will be running a pilot test for its proposed central bank digital currency (CBDC), the digital real. This news comes after Paxos…
Solana Blockchain Experiences Technical Glitch, Oman Moves to Tokenize Real Estate
On Saturday, February 25, 2023, the Solana blockchain experienced a technical glitch known as a “large forking event,” causing transaction failures for some users. Solana’s incident report referred to it as “cluster…
Crypto Market Slides: Defi TVL Drops Below $50 Billion Mark
Crypto Market Slides After Bullish Run-Up The crypto market has taken a hit this weekend, with the total value locked (TVL) in decentralized finance (defi) slipping below the $50 billion mark to…
The Impact of BUSD’s Removal from the Top Ten Crypto Assets
The crypto asset BUSD has been removed from the top ten crypto assets by market capitalization after Paxos announced that it would no longer mint the stablecoin. Since the announcement, nearly $5…
Solana Blockchain Experiences Technical Glitch: Investigating Cluster Instability and Block Finalization Slowdown
On Saturday, February 25, 2023, the Solana blockchain experienced a technical glitch known as a “large forking event” that caused transaction failures for some users. Solana’s incident report referred to it as…
Chain Reaction Secures $70 Million to Accelerate Blockchain-Focused Silicon Development
Chain Reaction Raises $70 Million to Accelerate Blockchain-Focused Silicon Development Tel Aviv-based blockchain startup Chain Reaction has announced that it has raised $70 million as part of its Series C funding round….