Arbitrum will deploy its Nitro upgrade on August 31 While the upgrade is live, the network will be facing a downtime of nearly 2-3 hours On August 30, Ethereum Layer 2 solution Arbitrum tweeted that the network is all set to undergo a major upgrade on Wednesday, August 31. Dubbed Nitro, the said upgrade will …
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Embattled crypto lender Hodlnaut has been placed under interim judicial management (IJM), according to an August 29 announcement. According to the announcement, the court-appointed Ee Meng Yen Angela and Aaron Loh Cheng Lee, care of EY Corporate Advisors Pte. Ltd., as interim managers for the Singapore-based company. Aaron and Angela combined have over 50 years …
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The U.S. Federal Bureau of Investigation (FBI) recently issued a warning against DeFi protocols after finding that 97% of the $1.3 billion was stolen via DeFi protocols during the first three months of the year. The FBI said it observed cybercriminals taking advantage of the complexities of cross-chain transactions more and more each year. The …
Solana-based (SOL) decentralized exchange OptiFi mistakenly closed its program on August 29, losing $661,000 of its funds permanently. OptiFi’s program has been closed by mistakes we made. TL;DR 1. We accidentally closed the OptiFi mainnet program and it’s not recoverable2. 661k USDC is locked in the PDAs, luckily 95% of the fund is from our …
The Central Bank of Nigeria has said it is slashing transaction fees for the e-naira platform by 50% — a move which the bank claims will increase the volume of transactions on the central bank digital currency (CBDC) platform. The central bank also believes that wider adoption of the CBDC will bolster Nigeria’s cross-border trade …
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Phil Spencer, head of the Xbox brand, believes that the metaverse has been with us since 30 years ago, when digital gaming was largely introduced. However, Spencer criticized play-to-earn (P2E) models, stating that they create a workforce out of a kind of gamer who needs to monetize the time spent playing. Xbox Boss Phil Spencer …
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In November 2020, Colorado banned gas flaring, venting, and the release of raw gas into the atmosphere. While the centennial state has a large number of well sites, a recent report shows that roughly a half dozen Colorado oil and gas companies are leveraging gas-to-bitcoin flare mitigation systems and these firms are raking in a …
The cryptocurrency market has enjoyed a rebound after the previous day’s selloff. Its total cap has returned to $1.04 trillion, representing a jump of just over 4% in a day. This level also represents a 2.7% fall in the past week, and a 9.4% drop in the last 30 days. Another way of looking at …
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Ethereum started its most recent uptrend around the 13th of last month which took its price to nearly $2000. However, that trend generally continued till around the 13th of this month. And since then the crypto has experienced a downtrend which caused a loss of about 19.10% of its recorded gain sice the 13th of …
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Seasoned trader Tone Vays is notifying Bitcoin (BTC) traders, warning that the king crypto could be setting up for a big move. In a new strategy session, Vays tells his 122,000 YouTube subscribers that technical indicators on the high timeframe charts are flashing bearish signals for BTC. “The weekly chart looks actually pretty bad… Not …
Iran’s Industry, Mines and Trade ministry has approved the use of cryptocurrency for imports into the country amid ongoing international trade sanctions. According to local news reports, trade minister Reza Fatemi Amin confirmed that detailed regulations have been approved outlining the use of cryptocurrencies for trade and supplying fuel and electricity to Bitcoin (BTC) and …
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The family of the world-renowned painter Frida Kahlo released never before seen art and memorabilia tied to the artist into the metaverse. The content debuted in a permanent exhibition during the third-annual Metaverse Art Week in Decentraland, held on Aug. 24–28. Metaverse users are now able to experience the art, along with personal anecdotes told …
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Binance Australia is tightening up its onboarding process for new users as part of a push to protect users it’s flagged as most vulnerable to financial crypto crime. The new measures were mentioned in Binance Australia’s June quarter Economic, Social, and Governance (ESG) report on Aug. 29, which noted that the exchange was working on …
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Bitcoin Rallies to the Previous Highs as It Struggles Below the $20.6K High – August 29, 2022 On August 29, buyers pushed BTC price above the $20,000 psychological price level as it struggles below the $20.6K high. The recovery was short-lived as the crypto faced selling pressure at the recent high. On the upside, a …
The eCash native token, XEC, is now outperforming the top 100 cryptocurrencies. Over the past 24 hours, the eCash (XEC) price has increased by over 30%, significantly exceeding the market. For the past two weeks, the cryptocurrency market as a whole has underperformed. So far today, the market has dropped more than 1%, bringing the …
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