DCG agrees deal with Genesis that would see recoveries of up to 90%
The estimated USD equivalent recoveries could account for 70% to 90% for Genesis creditors, should the amended plan be carried out. Digital Currency Group (DCG),...
Search Results for: DeFi
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Ethereum Staking Stash Almost Double Amount of ETH on Exchanges
The amount of Ethereum staked on the network could be as much as twice the amount that is held on centralized exchanges. However, as the...
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The $60 million crypto-related scam: 458 arrests in Hong Kong
Hong Kong police forces recently made 458 arrests related to crypto scams, specifically 314 money laundering incidents. An approximate amount of $15 million was laundered...
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Islamic finance and Web3 take stage at Istanbul Blockchain Week
Istanbul Blockchain Week made some necessary modifications this year to reflect the change in the overall crypto market. Being one flight away from both Dubai...
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Hong Kong places big bets on Web3 — Is there a global hub in the making?
The Hong Kong government vied for a big chunk of the Web3 investments pie. Hong Kong’s opportunity came as the U.S. regulatory climate turned hostile....
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Breaking traditions: Why gold prices defy 10-year Treasury yield movements
Historically, the 10-year Treasury yield has been a reliable barometer of broader economic sentiment. However, recent data suggests a weakening correlation between this yield and...
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Sam Bankman-Fried’s lawyers appeal decision on bail, citing First Amendment issues
Lawyers questioned a judge’s decision to revoke bail on Aug. 11, claiming SBF speaking to a journalist about Caroline Ellison was “protected First Amendment activity.”...
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Bitcoin Shows Resilience Despite Rate Hike Concerns
Image by Miloslav Hamřík from Pixabay Despite recent concerns about further potential interest rate hikes by the Federal Reserve, Bitcoin has shown notable resilience according...
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Balancer Suffers Nearly $1M Exploit as Team Urges Users to Withdraw Funds
Less than a week after the team first announced the vulnerability, DeFi project Balancer has been exploited for roughly $979,000. Source link
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Solana-based Clockwork to shutter citing ‘limited commercial upside’
Clockwork’s planned closure comes about a year after receiving $4 million in a seed round led by Multicoin Capital. The developers behind Solana-based smart contract...