Due to the South Korean government’s request for his arrest, Do Kwon, the founder of Terraform Labs, is in grave danger. The cryptocurrency market lost $40 billion as a result of Terra’s stablecoin USTC and Terra Classic LUNC collapsing. The prosecutor’s office reported that Do Kwon and five other people were the subjects of aContinue reading “Is South Korea getting ready to arrest Do Kwon- Decoding details”

NFT creator Doodles has raised $54 in a funding round led by Seven Seven Six, with a valuation of $704. The fund will be used to fund product development and build a team. Founded in 2021, Doodles is an NFT venture that aims to become a leading Web 3.0 entertainment project. Created by artistic entrepreneurs,Continue reading “Doodles NFT holders would be happiest to know this latest development”

Following the tornado cash sanction, Coinbase proposed that MakerDAO will be the first client of its USDC institutional rewards program. Making MakerDAO a top customer may be advantageous to Coinbase’s image, but will this development benefit MKR? This deal involves 33% of the USDC moved from Maker’s Price Stability Module (PSM) to Coinbase’s Prime, forContinue reading “MakerDAO: Could Coinbase’s announcement turn things around for MKR”

Cryptocurrency custody firm BitGo has sued the crypto financial services firm Galaxy Digital, seeking more than $100 million in damages for allegedly breaching its $1.2 billion merger. The lawsuit has been filed in the Delaware Chancery Court. Galaxy Digital announces the deal It was in May last year that Galaxy announced its intention to acquireContinue reading “BitGo sues Galaxy Digital for $100M- Deciphering the reasons”

The founder and CTO of Algorand both have indirectly made strong remarks about Solana in order to compete for Helium Network’s anticipated migration. Now, you might ask if this recent development coupled with Algorand’s massive social media interest helped Algorand’s price. Well, earlier this month, the Helium Network announced in a blog post, that theyContinue reading “Did Algorand’s founders critique Solana? ALGO’s street cred has answer”

Shiba Inu [SHIB] short-term traders and long-term investors may need to be alert after the coin decided to choose stagnancy. Over the last two weeks, SHIB’s volatility has consolidated around the same spot. For a cryptocurrency that thrives on speculation, this was an unusual trait. However, as things stand, this lack of volatility does notContinue reading “SHIB traders may eventually need to pull sell trigger- Decoding ‘why’”

Chainlink’s [LINK] hopes of reviving may have been given a big boost by the activities of Ethereum [ETH] whales. According to whale tracking platform, WhaleStats, LINK broke into the top ten assets in trading volume that ETH whales traded in the last 24 hours. https://twitter.com/WhaleStats/status/1569574234279608320 Based on the data from the Whalestats, LINK was rankedContinue reading “Chainlink: Ethereum whales lend LINK a helping hand but…”

Charles Hoskinson, the co-founder of Input Output Global, recently retweeted an update about Cardano’s [ADA] rapidly growing technological development. With the Vasil hardfork in sight, and steady improvement in the network, could this mean something for ADA’s price action?  An interesting development The aforementioned update measures active GitHub contributors over the month of August andContinue reading “Cardano [ADA] holders might not be disappointed to read this”

Washington-based trade group Blockchain Association has announced that it will be launching a Political Action Committee (PAC) in a bid to support pro-crypto candidates. The committee will focus its efforts on influencing the administration to take a friendlier stance on crypto. The committee aims to achieve this by lobbying politicians in their interest ahead ofContinue reading “Is Blockchain Association gearing up to lobby candidates ahead of elections”

Ahead of its launch on 13 September, Cardano-based Aada Finance is offering a $25,000 bug bounty competition; those who can spot critical smart contract vulnerabilities and provide suggestions on fixing them will be eligible for the prize. Aada Finance is the first protocol set to offer NFT lending and borrowing services on the Cardano blockchain.Continue reading “Cardano-based Aada Finance launches $25k opportunity- Here’s how”

Boston-based financial services giant Fidelity Investments is reportedly mulling over the option to let its retail clients trade Bitcoin in their brokerage accounts, which add up to more than 34 million accounts. According to The Wall Street Journal, Mike Novogratz of Galaxy Holdings Ltd, one of Fidelity’s earliest crypto clients, has indicated that the firmContinue reading “‘Fidelity mulling over Bitcoin’ reveals this about institutional investors”

There has been a lot of quiet from NEAR Protocol’s [NEAR] end lately. In an awakening call, NEAR seemed to have heeded the shouts for an update. In an official announcement on 12 September, stablecoin,  Tether [USDT] announced that it was joining forces with NEAR in what seemed like a push to help the NEARContinue reading “NEAR Protocol adds Tether [USDT] to its pack but here’s the catch”