Discover the Latest DeFi Crypto News

DeFi Difficult to Regulate Because of Its Anonymity: Indian Central Bank

Rahul Nambiampurath·June 17, 2022

India’s central bank governor Shaktikanta Das said that DeFi is difficult to regulate because of its anonymity. Das made the remarks during a business summit, also calling for global coordination. India is waiting on a consensus...

OpenSea’s Migration to the SeaPort Web3 Marketplace is Estimated to Save Users 35% in Ethereum Gas Fees

John P. Njui·June 15, 2022

OpenSea's Migration to the SeaPort Web3 Marketplace is Estimated to Save Users 35% in Ethereum Gas Fees 12

Key takeaways: OpenSea has successfully migrated to SeaPort: a Web3 NFT marketplace designed with efficiency in mind. The move to SeaPort is estimated to save OpenSea users 35% in Ethereum gas fees or more than $460...

Uniswap Onboards Former President of the New York Stock Exchange, Stacey Cunningham, as An Advisor

John P. Njui·June 15, 2022

Uniswap Onboards Former President of the New York Stock Exchange, Stacey Cunningham, as An Advisor 13

Key takeaways: Uniswap labs have welcomed the former President of the New York Stock Exchange, Stacey Cunningham, as an advisor. Ms. Cunningham served as the NYSE’s first female President between 2018 and 2022. Her appointment as...

Celsius’s Native Token Falls Below 50% As The Network Halts Transactions Citing Extreme Market Volatility

Juhi Mirza·June 13, 2022

Celsius's Native Token Falls Below 50% As The Network Halts Transactions Citing Extreme Market Volatility 14

Leading CeFi platform Celsius Network halts its withdrawals, swaps, and transfers citing extreme market conditions The native token of Celsius Network has crashed 50% and is currently sitting at $0.1855 Celsius Network, one of the leading...

Snoop Dogg, Justin Sun Up Jack Dorsey’s Web5 by Saying they Are Working on Web6

John P. Njui·June 11, 2022

Snoop Dogg, Justin Sun Up Jack Dorsey's Web5 by Saying they Are Working on Web6 15

Key takeaways: Snoop Dogg and Justin Sun have stated that they are working on Web6. Jack Dorsey had earlier announced that TBD was working on Web5 on the Bitcoin Network. The founder and former CEO of...

Hackers Allegedly Stole $1.65m Worth of Elrond, Dumped it, Causing a 92% Drop in EGLD’s Price on the Maiar DEX

John P. Njui·June 7, 2022

Key takeaways: There was an alleged security breach in Elrond whereby hackers stole $1.65 million in EGLD. The hackers then dumped the Elrond (EGLD) on the Maiar DEX, resulting in a 92% drop in the digital...

ApeCoin Community Initiates Proposal to Have APE Remain on Ethereum, with 99% of Votes For the Idea

John P. Njui·June 3, 2022

ApeCoin Community Initiates Proposal to Have APE Remain on Ethereum, with 99% of Votes For the Idea 17

Summary: The ApeCoin Community has initiated a proposal to keep APE within the Ethereum ecosystem. 99.95% of the votes are so far for the proposal that ends on June 9th. The proposal under AIP-41 points out...

Former OpenSea Employee Charged by the NY Department of Justice on Alleged Insider Trading of NFTs

John P. Njui·June 1, 2022

Former OpenSea Employee Charged by the NY Department of Justice on Alleged Insider Trading of NFTs 19

Summary: The New York Department of Justice has announced that it will be charging a former OpenSea employee for alleged insider trading of NFTs. The former employee was arrested and will be presented in the United...

KuCoin Ventures into Web3 With the Launch of a Decentralized Wallet

John P. Njui·June 1, 2022

KuCoin Ventures into Web3 With the Launch of a Decentralized Wallet 20

Summary: The KuCoin crypto exchange has announced the launch of a decentralized wallet. The new KuCoin Wallet is designed to be secure and easy to use, with multi-chain aggregation powered by the KuCoin ecosystem. The decentralized...

CoinGecko’s GeckoCon Virtual Conference in July 2022 to Focus on How Web3 Will Power the Decentralized Future

John P. Njui·May 30, 2022

Summary: CoinGecko will be hosting its GeckoCon Virtual Conference event on the 14th and 15th of July, 2022 (9 am to 3 pm EST). GeckoCon 2022 will focus on how Web3 will empower the Decentralized Future....

WAVES Announces DeFi Revival Plan To Fix the Aftermath of USDN’s Depeg and the Liquidity Crisis at Vires Finance

John P. Njui·May 28, 2022

WAVES Announces DeFi Revival Plan To Fix the Aftermath of USDN's Depeg and the Liquidity Crisis at Vires Finance 23

Quick take: The team at Waves (WAVES) has announced a DeFi revival plan meant to make its users whole and restore the full functioning of protocols in its ecosystem. The plan aims to fix USDN’s depeg...

STEPN To Ban All Mainland Chinese Users, GMT Token Drops Nearly 20% Over the Past 24 Hours

Rahul Nambiampurath·May 27, 2022

STEPN will stop serving all users in China to comply with the country’s policies on cryptocurrencies. The GMT token tanked following the news, dropping nearly 20% over the past 24 hours. Play-to-earn games and similar services...

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Christie’s Goes Digital, Launches A Virtual Art Auction Platform On Ethereum

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Reversible Ethereum ERC20 And ERC721 Tokens Proposed By Standford Researchers

Michael Saylor’s Microstrategy Buys The Dip By Purchasing Another $6M Bitcoin

“Savers Are Losers”, Invest in Bitcoin Says Rich Dad Poor Dad Author Robert Kiyosaki

Climate Activists File Petitions Urging Bitcoin To Adopt The Sustainable Proof Of Stake Consensus

“We Stand For Bankers” ECB Chief Lagarde Disclosed That She Dislikes Seeing a New Period of “Free Banking” In Crypto

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Aave Halts ETH Loans As Ethereum Bellatrix Merge Upgrade Goes Lives

Christie’s Goes Digital, Launches A Virtual Art Auction Platform On Ethereum

Pixelmon NFT Attempts Comeback Under New Leadership Team from LiquidX

What are Soulbound Tokens? A Deep Dive into this Non-Transferrable NFT

Coral Bags $20 Million Funding From FTX And Jump To Build One-Stop Hub For Web3 Operations

FTX CEO Sam Bankman-Fried Mulls Acquiring Celsius Assets

Luna Foundation Guard Denies Moving Assets Linked to Luna’s Do Kwon

Euro, Bitcoin Fall as USD Raises on CPI Higher Than Expected

Phemex Offers Industry-leading VIP Program and Gains Approval for Global Expansion

Phemex: Your Go-To Crypto Solution to Learn and Earn

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