DeFi Market Struggles in August with Dips in Activity and Volume
The DeFi market witnessed a downturn in August, with exchange volumes, values, and specific tokens experiencing declines, but also showcased resilience in certain sectors.
The DeFi market witnessed a downturn in August, with exchange volumes, values, and specific tokens experiencing declines, but also showcased resilience in certain sectors.
Magic Eden supports Solana's cNFTs offering scalable and affordable options for mass-produced digital art and collections.
PolkaWorld stops its functions due to Polkadot's treasury's denial of funds; concerns over OpenGov system are raised.
Mark Cuban faced a cyberattack, with nearly $900,000 in crypto assets being taken. Blockchain expert Wazz provided insights into the mysterious transaction.
Prominent figures, including Trevor Lawrence and YouTube influencers, settled a lawsuit over undisclosed promotions for the former cryptocurrency platform FTX.
Coinbase's Base Network sets a new daily transaction record, surpassing previous highs. However, it remains behind major chains like Polygon and BSC.
The SEC charged Stoner Cats 2 LLC over NFT offerings, resulting in mixed internal and external reactions.
Grab collaborates with Circle, introducing Web3 services in Singapore, targeting blockchain adaptation and NFT voucher usage.
Coinbase's CEO Brian Armstrong advocates for DeFi protocols to consult courts for clearer regulations, amid CFTC’s actions against multiple DeFi entities.
Sui Network introduces a user-friendly sign-in process for its apps using familiar social media details, aiming to boost blockchain technology adoption and ease-of-use.
Two founders of 3AC face a nine-year ban by Singapore's bank for breaching securities regulations.
Former Mt. Gox CEO, Mark Karpelès shares jail experiences amid ex-FTX CEO Sam Bankman-Fried's release efforts due to poor internet.
Paxos mistakenly overpays $500,000 for Bitcoin transfer, clears up rumors linking the error to PayPal.
Karl Greenwood, OneCoin's co-founder, is sentenced to 20 years and owes $300 million. Partner Ruja Ignatova remains uncaptured.
Central banks and fintech partners develop a retail digital currency, blending cash and digital features, emphasizing accessibility and security.
Lawmakers reintroduce legislation to prevent central bank digital currency, citing concerns over Americans' financial privacy.
Ripple's CEO, Brad Garlinghouse, critiques the U.S.'s stance on cryptocurrency businesses, suggesting better models exist in countries like Singapore and the U.K.
Coinbase adopts Lightning Network, promising faster, affordable Bitcoin transactions, exciting the cryptocurrency community.
Paxos' report on PayPal USD stablecoin reveals major backing from U.S. Treasury, with minimal risks involved for investors.
Telegram's choice of TON for Web3 boosts Toncoin's worth; integration benefits both platforms.
Developers partner to launch DeFi liquidity markets on Base, automating link between liquidity pools and borrowing.
Bitget introduces a $100 million EmpowerX Fund aiming to support and expand its crypto platform and related ventures.
SEC Chair Gensler advocates for crypto oversight, persisting despite recent courtroom challenges.
Cryptocurrency assets faced $249 million in withdrawals over four weeks, with Bitcoin and Ether seeing significant outflows.
Animoca Brands nabs $20M, advancing Mocaverse, aiming to redefine Web3 gaming and digital entertainment.
David Marcus, ex-PayPal executive, points to Bitcoin's Lightning network as a solution for outdated global payment systems.
Leading crypto businesses form Texas alliance for clear digital asset regulations, emphasizing education and legal adjustments.
Concerns about crypto exchange FTX liquidating its Solana assets have led to a price drop.
Avalanche's testnet achieves over 140,000 TPS during HyperSDK trials, aiming for launch by year-end
FTX Crypto Exchange aims to recoup promotional funds from athletes and teams amidst financial woes.
Lido Finance refutes exploitation claims, commits to rectifying a security flaw in its LDO token contract.
Friend.tech, a decentralized social media platform, witnesses a surprising surge in value, surpassing $20 million amidst increasing popularity and platform improvements.
LayerZero Labs faces legal action from FTX over a disputed $21 million, amid a backdrop of complex transactions and claims.
Coinbase CEO predicts significant crypto influence in the 2024 U.S. elections; candidates reveal their stances.
Bitcoin's recovery patterns are drawing comparisons to its 2020 crash, with on-chain metrics hinting at potential market apprehension among investors.
Economic leaders from G20 nations support a fast-tracked global digital asset regulation, aiming for enhanced transparency starting 2027.
The Terra Classic platform debates raising the deposit requirement to curb spam, amid other proposals and the awaited v2.2.1 core upgrade.
Ethereum's Vitalik Buterin experiences X account hack; followers suffer financial setbacks exceeding $691,000 due to a deceptive link.
Recent data indicates top investment companies are increasingly adopting digital asset strategies amidst a favorable outlook.
Recent data reveals AI tokens' plateauing trading volumes, despite Worldcoin's buzz-filled introduction. Concerns arise about data privacy.