DAM Finance, or DAM, a decentralised token platform behind the algorithmic stablecoin d20, has rolled out its testnet dubbed Moonwalkers v1, with the launch set to give ecosystem users the chance to stress test the protocol’s omnichain stablecoin. The deployment is part of DAM’s push to bring to the crypto industry a decentralised solution that … Read more
The Internet Computer (ICP/USD), the world’s first internet-scale public blockchain has brought smart contracts functionality to Bitcoin (BTC/USD), thanks to its mainnet integration with the world’s largest cryptocurrency by market cap. Unlike platforms such as Ethereum, Bitcoin does not natively support smart contracts. According to DFINITY Foundation, the company helping to develop the Internet Computer … Read more
According to inflation statistics, 2022 has been a painful year for financial markets following a worldwide increase in inflation that began in mid-2021, just after the COVID-19 pandemic started fizzling out. Just as captured in our definition of inflation, the increased inflation across the world has resulted in the decline in purchasing power of most … Read more
Sam Bankman-Fried is culpable for what happened at FTX, Galaxy Digital CEO Mike Novogratz says. According to Novogratz, Bankman-Fried helped perpetuate a massive fraud that’s seen fresh contagion hit the crypto industry hard. And for this, the former FTX chief should be prosecuted and do jail time. Are you looking for fast-news, hot-tips and market … Read more
Fantom (FTM/USD) published a proposal on December 1, where the project aims to implement an affiliate program for the decentralized application (dApp) developers with gas fees. Fantom is a directed acyclic graph (DAG) smart contract platform that aims to provide Decentralized Finance (DeFi) services to developers and uses the FTM token to solve issues surrounding … Read more
The crypto market has endured a painful bear market over the last year with losses driven by the macroeconomic outlook. A strengthening US dollar and treasury market sucked the wind out of the risk asset sail. The market for cryptocurrencies will recover but not all coins will have a strong upswing. Investors need to understand … Read more
Coinbase, one of the leading cryptocurrency exchanges in the crypto industry, has halted the transfer of non-fungible tokens (NFTs) on iOS. According to the exchange, the decision to disable the send NFTs feature in Coinbase Wallet came after Apple Inc. (NASDAQ: AAPL) blocked the crypto platform’s app release over demands that gas fees be paid … Read more
According to an on-chain analysis by security firm BlockSec, Ankr (ANKR/USD) and stablecoin issuer Helio have lost about $20 million in a series of connected attacks. The first attack targeted a liquid staking token product offered by Ankr while the second attack targeted the Helio Protocol. The attacks come a day after Ankr integrated Coinbase … Read more
The USD consumer price index (CPI) came in at 8.2%. The figure is a year-on-year estimate that is provided on a monthly basis, providing insight into annual price increases for consumers. While it’s unclear just how much inflation will impact the crypto markets over time, the scenario in which crypto benefits could see some major … Read more
The European Central Bank is painting a very pessimistic outlook for Bitcoin (BTC/USD), noting that the flagship cryptocurrency is now at its “last stand” and could be on its way to “irrelevance.” As to the why of this outlook, the ECB points to Bitcoin’s crash from (highs of $69,000 reached in November 2021, to lows … Read more