Renzo’s ezETH depegs to $688 following end of airdrop farming window
Despite the temporary price depeg, a trader made nearly $400,000 in profit due to the unfortunate incident.
Related Posts
Treasury attempts to squeeze further crypto-related data sharing provisions in budget bill: Roll Call
Further requirements on crypto firms could be on the way as the administration is looking for new revenue streams. 815 Total views 5 Total shares U.S. Department of the Treasury will reportedly push to extend the reach of new rules designed to govern the cryptocurrency space. Closely following the infrastructure package freighted with last-minute crypto…
TRX in Trouble? Binance Moves $300M Tether From Tron to Ethereum
On June 29, Tether announced a sizable swap of USDT from the Tron blockchain to the Ethereum protocol. Tether explained that the amount of USDT in circulation would remain the same, meaning that USDT (TRC-20) will be burned and the same number of tokens will be issued on Ethereum.Tether makes use of several blockchains to…
Crypto-friendly Ray Dalio steps back from Bridgewater’s $150 million fund
Dalio’s views on cryptocurrencies have evolved throughout his tenure at Bridgewater Associates. 432 Total views 30 Total shares After 47 years in charge of the world’s largest hedge fund, Bridgewater Associates, its founder Ray Dalio has finished a leadership transition that began in February. He is no longer one of three co-chief investment officers but…
CEO at Real Vision Raoul Pal Bets on Bitcoin Up 100x in Next Five Years
Raoul Pal, CEO & Founder at Real Vision, applies the economic cycle theory to predict major disruption of the global financial system will drive Bitcoin to new highs. 1590 Total views 50 Total shares Raoul Pal, CEO & Founder at Real Vision, applies the economic cycle theory to predict a major disruption of the global…
Mastercard and R3 Join Linux Foundation’s New Data Privacy Project
The Linux Foundation has launched the ToIP Foundation, a new cross-industry coalition that aims to provide a trusted exchange of data over the internet. 2281 Total views 48 Total shares Data privacy issues have been escalating in 2020 as personal data is increasingly being used to fight COVID-19. The Linux Foundation, a non-profit technology consortium,…
Florida Rep. Donalds introduces Financial Freedom Act companion bill in the House
The Republican congressman is supporting Sen. Tommy Tuberville’s Senate bill and financial services companies that want to include crypto in their 401(k) product offerings. 109 Total views 16 Total shares Rep. Byron Donalds, a Florida Republican, introduced the Financial Freedom Act into the United States House of Representatives on Friday to prevent the U.S. Department…
How Web3 resolves fundamental problems in Web2
Web3 is a decentralized, permissionless and trustless ecosystem that transfers control from a centralized entity to a pool of participants. Web2, on the other hand, is a centralized space dominated by companies like Google, Microsoft and others. Web3 refers to the next generation of the internet that is decentralized, making it fundamentally different from Web2,…
Crypto lender Hodlnaut reportedly faces police investigation in Singapore
Hodlnaut reportedly lied about its exposure to the now-defunct Terra algorithmic stablecoin and lost nearly $190 million. 1016 Total views 9 Total shares Singapore-based crypto lender Hodlnaut is reportedly facing a police probe over alleged offenses of cheating and fraud.According to reports published in local media, the police’s commercial affairs department has launched an investigation…