Mass, Synthetix to launch mobile DeFi perps trading app
The product is part of Synthetix’s ongoing effort to revamp after a governance overhaul in October.
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The past few months have been painful for Bitcoin (BTC) bulls, but they are not alone. The United States Federal Reserve’s tightening economy policy has led investors to seek protection in cash positions and inflation-protected bonds. Surging inflation and recession signals have caused the S&P 500 stock market index to retreat 19% year-to-date. Even gold —…
SEC will not pursue enforcement action against Paxos
The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security.
Report: Blockchain Home Equity Loan Platform Raises $65 Million
A blockchain-based home equity loan platform, Figure, has raised $65 million from various major financial and venture capital firms, tech news site TechCrunch reports on Feb. 27.The firm, which was founded by SoFi founder and former CEO Mike Cagney, reportedly raised the funds from such majors as Morgan Creek, DST Global, DCM, Ribbit Capital and…
Fighting the crypto winter and token protocol inflation in 2022
There is an old saying, “cash is king,” but if it is sitting in a bank account or, in the case of crypto — a wallet, it diminishes daily due to inflation. This is especially the case now as inflation in the United States breaks its 40-year record. While the dollar-cost-averaging (DCA) strategy allows an…
Ronin bridge hack caused by error in upgrade deployment script — Verichains
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3 key metrics show bulls control Bitcoin price despite $12K resistance
Bitcoin (BTC) price dropped by as much as 10% this week and while this might be scary for day traders, the 3-day chart shows the downside move hardly made a dent on the current market structure.This holds especially true when considering that the $12,500 level hasn't been touched in over 13 months. Currently, analysts are…
Binance CEO Addresses Concerns Live After $40 Mln BTC Hack, Rejects Blockchain Reorg Idea
Changpeng Zhao (CZ), CEO of major crypto exchange Binance, has devoted his live AMA on Twitter to address community concerns in the wake of yesterday’s $40.7 million hack. The AMA was broadcast live on May 8, 3am UTC.As reported yesterday, Binance suffered a major and premeditated hack, reportedly conducted by tactics that included phishing and…
Tencent’s AI leviathan, $83M scam busted, China’s influencer ban: Asia Express
Tencent builds a LLM with over 2 trillion training parameters, $83 million crypto scam busted in South Korea, China cracks down on crypto KOLs, and more... by Zhiyuan Sun 5 min September 8, 2023 Share Tweet Share Share Our weekly roundup of news from East Asia curates the industry’s most important developments. $500B firm partners