Crypto Biz: Crypto fever hits wealth managers

Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13 according to data from Coinglass.Ether/USD 12-hour price at Kraken. Source: TradingViewThe worsening market conditions were also…

Much like a pandemic, inflation has spread throughout the world, clouding the future with dark uncertainty. Disagreement over how to best manage soaring prices in the United Kingdom nearly caused its economy to collapse and subsequently led to the resignation of Prime Minister Liz Truss after just 44 days in office. Currently, at least 10 emerging…

The exploit took place on the Ethereum-BSC bridge that saw the hacker use $185 million as collateral to steal $80 million worth of tokens from lending pools. 143 Total views 6 Total shares The development team behind Bunny Finance and Qubit has decided to disband the protocol and turn it into a decentralized autonomous organization…

LG’s IT affiliate LG CNS and the blockchain subsidiary of Kakao, Ground X, are partnering to bridge public and corporate blockchains. The Korea Herald reported on Nov. 21 that the two companies agreed to develop mutually compatible infrastructure.The head of LG CNS’ future strategic business division, Ha Tae-Seok, and Ground X CEO Han Jae-Seon attended…

NFT hunters are suddenly rediscovering these forgotten vintage collectiblesLove them or hate them, blockchain collectibles are having a moment.It’s good art. It’s bad art. It’s good, bad art. Folks are flipping apes and robots and pixely punks. Tweets (which are arguably ownerless) are worth millions to the right buyer. Literal children — we’re talking humans…

The Sepolia testnet is the next in line after Ropsten to undergo a merge trial run since its Beacon Chain is now live and ready to give developers valuable information leading up to the real thing. 115 Total views 7 Total shares The Sepolia testnet Beacon Chain has gone live, setting the stage for its…

The United States Federal Reserve believes that stablecoins “could complement existing payment systems and improve consumer welfare” but the operators behind the digital assets will require constant oversight and regulation. The Fed warned that if a stablecoin payment network achieves a global scale quickly, it will increase risks related to financial stability and monetary policy.Interestingly,…