Cred Protocol, a decentralized credit scoring startup has unveiled the results of its first automated credit scoring system for users of decentralized finance (DeFi). Cred Protocol CEO Julian Gay outlined the results in a Twitter thread, which showed how Cred successfully utilized past transaction behavior on the Aave protocol to assess the creditworthiness of future …
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Despite the decentralized finance (DeFi) market suffering a 74.6% market cap decline in Q2, user activity has remained relatively resilient, says CoinGecko. In a report published by the crypto data aggregator on Wednesday, CoinGecko reported that the overall DeFi market cap fell from $142 million to $36 million over the second quarter, due mainly to …
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A bottle of 52-year-old whisky made at Japan’s famous defunct Karuizawa distillery is being auctioned off as a nonfungible token (NFT). The starting price for the NFT and bottle of whisky is a dizzying $75,000, or about 62 Ether (ETH). Direct-to-Customer NFT wine and spirits marketplace BlockBar is handling the auction. To whisky collectors, the …
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The cash-to-cryptocurrency company DigitalMint and the ATM manufacturer Hyosung America have entered into a collaboration agreement. This deal enables Bitcoin (BTC) purchases to be made at any of Hyosung America’s 175,000 ATMs situated within the United States. In addition to offering its own Bitcoin (BTC) and Litecoin (LTC) payment channels, including as ATMs, bank wires, …
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Since 2009, Bitcoin, often known as digital gold, has been declared dead at least 458 times. However, Bitcoin proved to be alive and well each time. The price of Bitcoin (BTC) reached $17,000 during the most recent drop, its lowest level since late 2020. According to Google Trends data, ‘Bitcoin is Dead’ is started to …
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Kuben Naidoo, Deputy Governor of the South African Reserve Bank (SARB), recently announced that SARB will introduce a framework to regulate cryptocurrencies, recognising its adoption that is prevalent in South Africa. Imposing the legislation may take around 12-18 months, after which cryptocurrencies will not be recognised as ‘currencies’ but regulated as ‘assets’. He also addressed …
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Keeping in mind the country’s excellent regulatory framework, vast customer base, and growing interest in cryptocurrencies, Saudi Arabia is a key market for digital currencies. According to the findings of a survey that was carried out by KuCoin, Saudi Arabia has a significant level of crypto market penetration and adoption, which makes the country an important …
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OpenSea’s co-founder Devin Finzer announces that they are laying off 20% of the OpenSea staff. The firm will be helping its employees find a new jobs and will also be offering them several benefits including a generous severance pay option. The dreaded crypto winter has finally struck the leading NFT marketplace OpenSea. On July 14, …
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While the general crypto market is down, the gaming blockchain is still gathering steam. New crypto games have entered the field, and the crypto crowd is still excited. One of them, Splinterlands, has overtaken Axie Infinity in terms of popularity. Check out the whole story. Axie Infinity has seen many ups and downs this year …
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The volatility of the crypto space can’t be escaped, the sudden upticks followed by massive downturns in the CeFi and DeFi crypto price graphs prove that. It is not the case with the blockchain gaming sector, however. Dappradar did a study recently covering the blockchain gaming sector, finding that the domain is highly resistant to …
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HodlX Guest Post Submit Your Post In the span of a few short months, the crypto space has witnessed the collapse of its most prized stablecoin protocol, the insolvency of multiple billion-dollar centralized finance (CeFi) platforms, the liquidation of its most revered private capital fund and following in suit, the departure of its dearest thought …
The cost of mining one Bitcoin (BTC) has fallen to ten-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since its May peak. On July 13, strategists from JPMorgan led by Nikolaos Panigirtzoglou told investors that Bitcoin production costs have fallen to around $13,000 from $24,000 at the beginning of June. …
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Despite a backlash from a vocal part of the gaming community, a new survey has revealed one-third of gamers have expressed interest in using crypto in the Metaverse. And more gamers than not believe the Metaverse will have a positive impact on gaming. The survey was published on July 13 by institutional software developer Globant. …
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Celsius’ bankruptcy filing has revealed some unpleasant surprises about the state of the crypto lending platform, including a $1.2 billion deficit formed largely as a result of user deposits. A chapter 11 bankruptcy document signed off by Celsius CEO Alex Mashinsky on July 14 has revealed that the company holds around $4.3 billion in assets …
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Leading non-fungible token marketplace OpenSea CEO Devin Finzer has revealed that the crypto firm laid off about 20% of its staff on July 14. Today is a hard day for OpenSea, as we’re letting go of ~20% of our team. Here’s the note I shared with our team earlier this morning: pic.twitter.com/E5k6gIegH7 — Devin Finzer …
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