DeFi
Celsius Network Files for Bankruptcy, has $167 Million in Cash
Celsius Network has filed for bankruptcy in New York to stabilize and restructure less than a month after suspending withdrawals.
Block Magnates
Dalmas
Dalmas is an active cryptocurrency content creator and highly regarded technical analyst. He’s passionate about blockchain technology and the futuristic potential of cryptocurrencies.
Metaverse
Yuga Labs to Release the “First Trip” Demo of the Otherside Meta
The “First Trip” demo of the Otherside Meta, a highly interactive metaverse game by Yuga Labs, would be released on…
Bitcoin
Bitcoin Miners in Texas Switch off 1,000 MW of Electricity Load
Bitcoin mining farms in Texas responded to ERCOT's request by taking off 1,000 MW of electricity load for retail and…
DeFi
Omni, an NFTs-for-ETH Loans Platform, Hacked for over $1.45 Million
Omni, an NFTs-for-ETH loans protocol, lost $1.45 million of their internal testing ETH to a hacker on July 10, 2022.
Regulation
White House, FED, Treasury Department, and all U.S. Government Employees with Exposure to Crypto cannot write on Crypto Policy
The U.S. Office of Government Ethics (OGE) now bans all government employees with crypto exposure from commenting on digital asset…
Exchange
FTX Has $2 Billion in Cash to Bailout Strategic Crypto Firms
FTX has $2 billion in cash and will offer credit lines to distressed strategic crypto firms to prevent a contagion.
DeFi
Centralized Crypto Lending Firms are to Blame for their Failure
Robert Leshner of Compound Finance has said centralized crypto lending firms are to blame for their failure and is good…
Crypto News
Users Prefer Litecoin (LTC) on BitPay, Payment Count Rose 21% in June
Litecoin transactions via BitPay, the world's oldest crypto payment processor, are up 21 percent, pointing to increasing demand for low…
Crypto News
Voyager is Bankrupt but will Restructure Debts and Pay Creditors
Voyager has submitted its Chapter 11 bankruptcy filing in New York, declaring bankruptcy less than a week after suspending withdrawals.
Exchange
KuCoin (KCS) Token Crashed 25% after Insolvency Rumors
The native token of KuCoin, KCS, fell 25 percent last week after rumors of insolvency and possibility of the ramp…