In a rather interesting turn of events, a crypto lender is now $340,000 richer after a borrower failed to repay an NFT-backed loan he took three months ago. The NFT collector borrowed 3.5 ETH (currently worth $12,600) on the NFTfi platform and put up an "Elevated
El Salvador will be channeling part of the profits from its Bitcoin holding into the construction of a new veterinary hospital in the nation’s capital of San Salvador. President Nayib Bukele took to Twitter on Sunday to announce that the country’s state-operated Bitcoin trust has so far accumulated
Bitmain, one of the world’s leading manufacturers of Bitcoin mining hardware, will no longer be servicing customers in mainland China. The Beijing-based manufacturer made the announcement on Sunday, stating that it will suspend domestic delivery beginning from Monday in order to comply with local regulations. However, its overseas business
The popular “Crypto Fear and Greed Index” used to measure the market sentiment for major cryptocurrencies, is showing a 62 on the scale for Ethereum, suggesting that investors are rushing to acquire the leading altcoin. Amid the bullish market sentiment into the “greed” phase, Ethereum experienced a 7.42% rise
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XCarnival, the metaverse assets liquidation aggregator for everyone planning to launch on the Binance Smart Chain (BSC), has passed the security audit by Certik, according to CertiK’s official website. XCarnival Smart Contracts are Secure after Four Audit Rounds CertiK, one of the world's leading blockchain security firms,
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PRüF is an NFT platform that is helping firms and individuals across the globe to utilize the power of unique crypto tokens. With global supply chain analytics reaching nearly $16.83 billion by 2027, it is imperative that products and intellectual properties be protected so a bad actor cannot introduce
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The crypto space is constantly evolving as the market keeps breaking new grounds and integrating more users. In fact, the crypto market capitalization is currently sitting at $2.4 trillion. According to a report by the IMARC Group, the crypto market is expected to grow at a compound annual growth
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While decentralized autonomous organizations [DAO] have been in existence for years, they have experienced an exponential rise in interest and value, thanks to the proliferation of the budding decentralized finance [DeFi] market. Through DAOs, DeFi protocols become truly decentralized, dispelling the need for a central authority system. These decentralized protocols,
According to the CEO/CIO of Soros Fund, Dawn Fitzpatrick, the family office of billionaire investor George Soros (Soros Fund Management) has added Bitcoin to its already massive portfolio. While speaking in an interview with Bloomberg on Tuesday, Fitzpatrick stated that "from our perspective again, we own some coins,
Following the rise of crypto adoption in the United States, lawmakers are desperately looking for ways to regulate cryptocurrencies. Hence, the Ransom Disclosure Act introduced by Senator Elizabeth Warren and Representative Deborah Ross requires ransomware attack victims to disclose information about ransom payments to the Department of Homeland Security (DHS)
The long-term prospect of the cryptocurrency market is looking bullish, according to research published by the Bank of America (BoA). The report was published by BofA securities, a subsidiary of BoA. It assesses the value of the digital asset sector, with a particular focus on the decentralized finance (DeFi) and
On Tuesday, the fifth-largest commercial bank in the United States, aka the “U.S. Bank,” launched a crypto custody service. The product will be available to only institutional managers with private funds in the US. Gunjan Kedia, the vice-chairman of the bank’s wealth management and investment services division told
Following the most dramatic disruption to Bitcoin mining activities fueled by China’s clampdown on crypto-related activities, it appears the industry is back on its feet and is on a path to full recovery. In its Monday “Week On-chain” report, Glassnode said that the hash rate of the Bitcoin network
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Ever since the launch of its smart contracts nearly a month ago, Cardano’s ecosystem has been seeing massive waves of innovation, with new projects emerging, holding token sales, launching DeFi protocols, and more. One of the most recent examples is Ardadex’s upcoming DEX and NFT marketplace. However, despite
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Ravendex has announced the release of its first decentralized exchange with a proposed private sale date fixed for October 5, 2021. You can view the platform’s demo here. According to the Ravendex team, the $RAVE token is built on the Cardano Network and has a total supply of 1
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There are lots of bottlenecks with the centralized solutions of blockchain-based platforms offering derivatives asset services. Most countries have difficult-to-realize security laws and would not permit free trading without KYC and AML procedures. Decentralized solutions have also come to the rescue but have so far been at the receiving end