Sushiswap developers have submitted a new governance proposal to the community. The proposal seeks to divert 100% of fees generated on the platform to Sushi’s multisig. The funds would be used for Sushi’s multisig for a year or until new tokenomics are implemented. Sushiswap developers want to divert trading fees
Orthogonal Trading Defaults on a Total of $36 Million in Loans on Unsecured Lending Protocol Maple Finance
Orthogonal Trading defaulted on eight loans totaling $36 million on unsecured lending protocol Maple Finance as funds were locked up by FTX. As a major ecosystem player at Maple Finance, its default affected approximately 30% of active loans in the protocol. Maple Finance is canceling Orthogonal Trading as a borrower
The collaboration aims to bring various solutions for institutional investors to join the digital asset ecosystem. SEBA Bank, a Switzerland-based crypto bank established in 2018, has partnered with an end-to-end digital asset financial services group, HashKey, to accelerate institutional crypto adoption in Hong Kong and Switzerland. According to the press
Bitcoin and cryptocurrency hardware wallet manufacturer Ledger has announced a new wallet designed by former Apple engineer Tony Fadell, named Ledger Stax. The wallet utilizes E Ink technology on a small, rectangular wrap-around screen, similar in appearance to a smartphone. Source: LedgerThe device will function as other Ledgers do, allowing
Bitcoin payments app Strike said in a statement Tuesday that it had launched Send Globally, a new feature that lets U.S. users instantly and cheaply send money to Africa.“With exorbitant fees to transfer funds in and out of Africa and incumbent providers halting services, payments companies are struggling to operate
African Bitcoin Mining Firm Gridless Raises $2 Million In Funding Round Led By Stillmark, Block Inc.
The mining company focuses on rural communities in East Africa and intends to increase electricity and energy access for the region.The mining company focuses on rural communities in East Africa and intends to increase electricity and energy access for the region.Gridless, a bitcoin mining company that is focused on rural
Nike’s encrypted fashion brand RTFKT announced that it will launch the first native Web3 smart sneaker Crypto kicksi RL. It supports automatic lacing, haptic feedback, enhanced lighting, gesture control, walking detection, wireless charging, WMNFC link, app connection, AI/ML algorithm and other functions. RTFKT said the sneakers will enable the Move
WATCH3:15| Nov 21, 2022, 05:49PM ESTThe Golden State Warriors were named in a lawsuit Monday alleging the bankrupt cryptocurrency exchange FTX used the reigning NBA champions to fraudulently promote its platform.
Alameda Research invested in Genesis Digital in four rounds. Alameda Research, a now-bankrupt cryptocurrency trading firm established in 2017 by Sam Bankman-Fried and Tara Mac Aulay, has allegedly invested $1.15 billion in Genesis Digital Assets. According to a Bloomberg report shared on December 2nd, the hefty investment was made in
Fenix Games expects to use its $150M funding to expand its services. Fenix Games, the United Arab Emirates-based Web 3.0 games publisher established in 2022, has secured $150 million in fresh funding. According to the report shared by the news portal VentureBeat, the company is set to use its funding
Although hash rate capacity is at a record, mining conditions did lead to a relative underperformance in bitcoin received throughout the month.Although hash rate capacity is at a record, mining conditions did lead to a relative underperformance in bitcoin received throughout the month.Riot Blockchain has released its unaudited production and
This is an opinion editorial by Zack Voell, a bitcoin mining and markets researcher.Bitcoin miners often suffer the brunt of bear market woes thanks to some of the industry’s highest capital expenditures, smallest margins and most unreliable infrastructure. Although the current bearish phase has been one of Bitcoin’s shallowest drawdowns