Summary: Elon Musk wants to terminate his $44 billion bid to buy Twitter. He cites that Twitter has breached multiple agreed-up provisions by making false and misleading representations concerning the number of spam and fake accounts. The Twitter board is committed to seeing the deal through to the end. Tesla...
Summary: Tether has released a statement explaining how it liquidated its loan with Celsius Network. According to Tether, the loan was liquidated without losses to the company and according to an agreement by both entities. The loan was denominated in Bitcoin, with some estimates putting its value at $1 Billion....
Summary: The Aave team has proposed to the project’s DAO a plan to introduce a native decentralized, collateralized-backed stablecoin known as GHO that will be pegged to the US Dollar. If the community approves, users will mint GHO against their supplied collaterals. GHO would make stablecoin borrowing on the Aave...
IOHK has finally launched its Vasil Hard Fork Upgrade on the blockchain’s Testnet The mainnet launch is scheduled to take place by the end of July 2022. After much anticipation, the Vasil Hard Fork upgrade has finally been launched on Cardano Testnet. With this upgrade, Cardano is now one step...
Summary: Circle’s CEO has published a Twitter thread quelling fears and rumors that USDC is on the brink of collapse. He added that it is understandable why the crypto community would worry about USDC, given the recent collapse of several crypto projects. He reaffirms Circle is committed to being transparent...
Summary: There has been a rumor circulating on crypto-twitter that Circle’s USDC stablecoin is on the brink of collapse. According to the rumor, Circle is losing money to pump USDC’s market cap. Additionally, Circle had exposure to crypto firms experiencing financial woes, including Genesis Trading, BlockFi, Celsius, Galaxy Digital, and...
Musk unveiled the reason why he actively supports dogecoin in an interview with Bloomberg He further stated that the reason why he supports Dogecoin is because of SpaceX and Tesla factory workers The internet’s “Dogefather” has finally unveiled the reason why he continues to support Dogecoin despite all odds. In...
Crypto.com has removed 13 crypto tokens ,including Shiba Inu, Dogecoin and Tezos from its Earn program. The exchange has added Fantom, Ziliqa and Near to its Earn portfolio. Crypto.com, a leading cryptocurrency exchange, has decided to remove 13 cryptocurrencies from its Earn program. The exchange took to Twitter to share...
Anonymous has uploaded a new video that targets Terra Form labs founder Do Kwon Anonymous group has pledged to expose Do Kwon’s crimes and bring him to justice as soon as possible. Popular hacktivist group Anonymous is back again and has uploaded a new video that pledges to expose Do...
Summary: Harmony Protocol has offered a $1 million bounty for the return of the stolen funds from the hack of its Horizon bridge and for information on how it happened. Harmony Protocols’ founder has so far identified compromised private keys as the most likely root cause of the exploit. The...
Summary: The crypto lending company of Celsius is reportedly considering filing for bankruptcy. Celsius has therefore hired more advisors to prepare for the potential filing. The crypto lending company of Celsius is reportedly considering filing for bankruptcy. According to a report by the Wall Street Journal, Celsius Network LLC has...
Summary: The Kyber Network team has admitted that Three Arrows Capital’s potential insolvency might impact its treasury. A small portion of Kyber Network’s treasury is with Three Arrows Capital but is not significant enough to affect the KNC project’s operations. The team at Kyber Network adds that it has enough...
