Balancer Labs recently announced a critical vulnerability report affecting a number of V2 Pools. The firm took action to secure the majority of the total value locked (TVL) but some funds remain at risk. Users were advised to withdraw from affected liquidity pools immediately.The project reassured users that the majority of funds on Balancer are […]
Crypto enthusiasts are eagerly awaiting the third bullish golden cross in XRP’s history. A golden cross is when shorter moving averages surpass or cross long-term moving averages, indicating a shift from bearish to bullish. Popular analyst Egrag Crypto recently tweeted that the XRP community should prepare for the incoming bullish cross.Egrag’s analysis shows that every […]
Raoul Pal, a former Goldman Sachs executive, believes that the total market capitalization of cryptocurrencies will soon reach $10 trillion as institutions invest in the digital assets space. He believes that family offices, which typically take on higher than average risk, were the first to invest in the space. Pal believes that institutional investment in […]
The US economy is facing a difficult situation as the rate of credit card delinquencies has risen to its highest level since the 2008 financial crisis. This is due to an increasing number of Americans struggling to pay their credit card debts. The combined credit card debt in the US has reached a record high […]
Law enforcement communities around the world are cracking down on crypto scams, with Israeli police accusing technology entrepreneur Moshe Hogeg of defrauding investors out of $290 million. Hogeg and several unnamed associates are suspected of misappropriating funds from Israeli and foreign investors for personal use, and are facing charges of fraud, theft, money laundering, forgery, […]
XRP, Ripple’s native cryptocurrency, has seen a price recovery after a strong crash to $0.47 last week. According to blockchain analytics platform Santiment, wealthy investors are driving XRP towards a price rebound following a decline in the broader cryptocurrency market last week.Santiment reported that there are 221 addresses holding between 10 million – 1 billion […]
Charles Hoskinson, the founder of Cardano, believes that the United States Securities and Exchange Commission (SEC) will not come after the project’s native token, ADA. He made this statement during a recent YouTube interview on Corey Costa’s Crypto Coins.The SEC recently classified 12 tokens, including Cardano (ADA), Binance Coin (BNB), Solana (SOL), Polygon (MATIC), and […]
Ethereum’s Layer 2 solutions have achieved a remarkable milestone, reaching 54 transactions per second (TPS) on August 21st. This 5.1-fold increase in transaction throughput has been driven by scaling solutions such as ZKsync and BASE, the latter of which was nurtured by Coinbase’s incubation efforts.First-time transacting wallets have surged, surpassing Ethereum’s activity on occasion. This […]
Nathaniel Chastain, former Head of Products of OpenSea, the world’s largest non-fungible token (NFT) marketplace, has been sentenced to three months in prison for exploiting his position to obtain insider knowledge about specific NFT assets.Chastain was found guilty by United States District Judge Jesse Furman for using underground non-public information to conduct trades on NFTs […]
Crypto investing is undergoing a transformation, with the reduction of later-stage risks paving the way for financialization and institutional adoption. This presents an “allocator’s dilemma” for investors, as they must decide how to best capitalize on this moment of transition. Smaller funds have a unique opportunity to outperform, but this won’t last forever. Institutional investors […]
