Monthly Archives: July 2023

Some analysts have provided possible ways the exchange was exploited and pinned potential initial losses at over $600,000. Decentralized exchange LeetSwap, which operates on Coinbase’S Base network has announced a sudden pause to trading, citing concerns of a potential exploit.LeetSwap tweeted on Aug. 1 that it noticed some of its liquidity pools may have been…

Yuga Labs accelerates Otherside plaNonfungible token (NFT) conglomerate Yuga Labs has agreed to acquire the metaverse-building startup Roar Studios as Yuga looks to bolster its Otherside metaverse.Yuga tweeted the news on July 31 saying the impending acquisition was to “execute our expansive vision” for Otherside.An accompanying release said Roar Studios' founder and chief Eric Reid…

Due to regulatory and transparency risks, CZ says that spreading risk across different stablecoins is the key to longevity. 288 Total views 1 Total shares Binance CEO Changpeng ‘CZ’ Zhao is looking to bring smaller algorithmic stablecoins to the market, in a bid to offer investors options other than the current global stablecoin giants.Speaking in…

Judge Jed Rakoff gave a detailed interpretation of the Howey test that was at odds with the decision on the SEC case against Ripple. 389 Total views 2 Total shares A United States Securities and Exchange Commission (SEC) lawsuit against Terraform Labs is set to go ahead after a U.S. judge overseeing the case denied…

Smart contracts have reshaped the possibilities of what blockchain and crypto can achieve, and we can all acknowledge that. That doesn’t mean they’re the be-all-end-all solution to widespread adoption.Being overzealous about any kind of innovation can also contribute to its stalling, or even failure if other factors don’t align. The mentality of assuming new technology…