Chainlink Gears Up for Staking As Crypto Whales Aggressively Accumulate LINK

Ethereum (ETH)-based decentralized oracle network Chainlink (LINK) is announcing the launch of its highly-anticipated staking feature. Yesterday, Chainlink announced the soon-to-come launch of a staking protocol was ready to go live. According to the official Chainlink Twitter account, the staking early access platform went live today as planned.  “Chainlink Staking v0.1 Early Access is now live on …

Cryptocurrency has become a playground for fraudsters

News involving crypto and fraud is ubiquitous in the white-collar crime sphere and, perhaps more worryingly, these fraudulent activities in the crypto sector are not limited to a single type of crime. Diverse and distinct yet with one common thread, these crimes involve real money and crypto investors are the victims. Many people have placed …

3 reasons why Ethereum price keeps rejecting at the $1,300 level

Ether (ETH) rallied 11.3% between Nov. 28 and Dec. 5, peaking at $1,300 before facing a 4.6% rejection. The $1,300 resistance level has been holding ground for twenty-six days and is the most likely explanation for the correction to $1,240 on Dec. 6.  Ether/USD price index, 12-hour. Source: TradingView So from one side, traders are …

Paraguay’s legislature fails to reverse presidential veto on crypto regulation law

The Chamber of Deputies, the lower house of Paraguay’s bicameral legislature, failed to move forward on a bill aimed at promoting crypto mining through the use of surplus electricity following a veto from President Mario Abdo Benítez. In a Dec. 5 session, members of Paraguay’s legislature discussed the pros and cons of incentivizing crypto miners …

Warner Music, Polygon and LGND.io partner to launch Web3 music platform

E-commerce and interactive platform builder LGND.io has announced a multi-year partnership with blockchain network developer Polygon and global entertainment company Warner Music Group to create a Web3 music platform called LGND Music.  LGND Music, scheduled to launch in January 2023, is designed to be a music and collectibles platform that supports “digital collectibles from any …

SushiSwap Will Run Out Of Money In 1.5 Years

The funds in SushiSwap’s treasury can only sustain it for another 1.5 years. The decentralized exchange is currently burning through $5 million a year.  CEO Jared Grey has proposed to divert all fees to the exchange’s treasury for one year. A new tokenomics proposal is in the pipeline.   Decentralized exchange (DEX) SushiSwap has seen an …

Multichain Wallet BitKeep Has Officially Connected to WalletConnect 2.0

The BitKeep mobile terminal is now compatible with WalletConnect 1.0 and 2.0 versions. The Web 3.0 communication protocol WalletConnect has connected to the multichain wallet BitKeep, regarding BitKeep as a vital part of the ‘wallet + DApp’ ecosystem. Users can smoothly experience BitKeep wallet with WalletConnect by scanning the QR code on browsers or jumping …

Financial Stability Board aims to address crypto-related issues following ‘failure of FTX’

The international monitoring body Financial Stability Board, or FSB, called for a global framework aimed at regulating and supervising crypto in the wake of FTX’s collapse, also saying it would assess vulnerabilities associated with decentralized finance. In a Dec. 6 meeting in Basel, the FSB said it planned to “enhance its crypto-assets monitoring framework” to …

Kevin O’Leary defends SBF, says FTX should be audited

In an interview with Yahoo Finance on Dec. 6, Shark Tank’s Kevin O’Leary called for calm in the wake of FTX’s collapse. The exchange’s former CEO, Sam “SBF” Bankman-Fried, should be understood as innocent unless evidence comes to light that shows he has committed fraud, O’Leary stated. O’Leary called for FTX to be audited to …

Chainlink launches staking to increase the security of oracle services

Blockchain oracle network Chainlink has launched its staking feature to help increase the economic security of the platform’s oracle services.  In an announcement sent to Cointelegraph, Chainlink mentioned that the new staking feature is an integral part of its “Chainlink Economics 2.0” efforts that focuses on security and sustainable growth. Before the staking feature, Chainlink …

Animoca Brands secures majority stake in music metaverse gaming platform

Digital entertainment, blockchain and gamification company Animoca Brands has secured a majority stake in the Los Angeles-based music metaverse gaming platform Pixelynx. According to its Dec. 6 announcement, Animoca Brands expects its acquisition will expand on the integration between gaming and Web3 technologies and communities. The financing terms of the acquisition were not disclosed. Animoca …

TRON Crypto Price Today Maintains Its Upward Trend

At 2,000 transactions per second and about 3.4 billion transactions, TRON is arguably one of the fastest-growing blockchains. With a market capitalization of $5,665,957,298, its native token, TRX, currently ranks 15th among the top cryptocurrencies. While the rest of the market remains firmly in bearish zones, the TRON crypto price today has maintained a green …

The Future of Cryptocurrency Sports Betting in Brazil

Brazil is the most populous nation in South America and the fifth-largest on the planet. It is perhaps best-known for its love of sports. There are over 16,000 Brazilians currently playing at the top level of sports in other parts of the world, and the country is home to thousands of professional sports clubs. Indeed, …

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