The decentralized finance (DeFi) protocol Bancor (BNT) said it has paused its impermanent loss (IL) protection mechanism due to what it calls “hostile market conditions.” In an announcement published on Monday, the team behind Bancor said that impermanent loss protection has been “temporarily paused,” while promising that it will be turned back on “as…
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Crypto-financial services provider Babel Finance claims to have reached certain “preliminary agreements” with “major” and “relevant” players on the repayment period of “some debts” – easing its short-term liquidity pressure. Per today’s notice by the company,… Read More: Babel Finance to Repay ‘Some Debts’ and ‘Ease Its Short-term Liquidity Pressure’ Read more »Pay, Trade,…
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CryptoPunks, one of the most popular non-fungible token (NFT) collections, has become the top NFT project in terms of volume over the past 24 hours amid the news that Noah Davis, the NFT expert for the auction house Christie’s, will join Yuga Labs to lead CryptoPunks…. Read More: CryptoPunks Becomes Top NFT Collection, Christie’s…
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Redditors discussed use cases that can drive up Ether’s value, from universal trustless authentication to decentralized autonomous organizations. While Ether’s (ETH) price dip over the weekend may have left investors worried about the digital asset, community members on Reddit discussed use cases of the asset that could push its price upward. In r/Ethereum, a Reddit…
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Terraform Labs employees have reportedly been prohibited from exiting South Korea as investigations by prosecutors continue. Terraform Labs employees are reportedly unable to leave South Korea due to the country’s prosecutors imposing a departure ban on key developers of the project. On Monday, Korean media outlet JTBC reported that an investigation team from the Seoul Southern District…
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Small wallet addresses–those containing 0.1 Bitcoin or more–continue to accumulate Bitcoin at a rapidly increasing rate. Bye-bye bear market blues; welcome to the network, Bitcoin (BTC) believers. Over the past week, the number of Bitcoin wallet addresses containing one BTC or more increased by 13,091. The total number of “wholecoiners” surged to 865,254. The number…
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One of Ether’s on-chain indicators signals the token has entered its bottoming out phase. Ethereum’s native token, Ether (ETH), underwent a sharp relief rally after falling to $880, its lowest level in eighteen months, on June 18. ETH price regains 30% in two days Ether’s price reached above $1,150 this June 19, marking 30%-plus gains…
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Despite the FUD around stablecoins, the percentage of stablecoins in the total market cap has been growing recently, hitting new all-time highs. The rapid surge in share of stablecoins like Tether (USDT) in the cryptocurrency market may point to an upcoming crypto upside, according to analysts at the American investment bank JPMorgan Chase. The percentage…
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Coinmena, the Bahrain-headquartered and sharia-compliant digital asset exchange, announced recently that it had secured a provisional virtual assets license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license allows Coinmena to not only expand its activities but to “further strengthen [its] banking relationships within the UAE.” Expanding Coinmena’s Activities in the UAE A Bahrain-headquartered digital…
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The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender. Crypto Payments Not for Russian State Settlements, Ministry of Finance Says Cryptocurrency…
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