Aave’s stablecoin approval drew wild reactions from the crypto community, with many comparing its fate to TerraUSD (UST); however, Aave proponents were quick to point toward the overcollateralized factor. Aave DAO, the governance body behind decentralized finance (DeFi) giant Aave (AAVE) protocol, has unanimously voted in favor of creating an overcollateralized stablecoin called GHO. The...Continue Reading

Bitget’s reasoning behind using a combination of a stablecoin and Bitcoin in the protection fund is to counter massive unforeseen volatility in crypto markets. With the ultimate goal to regain investor confidence amid a prolonged bear market, crypto derivatives exchange Bitget launched a $200 million fund to safeguard users’ assets. Bitget joins the growing list...Continue Reading

Binance CEO Changpeng ‘CZ’ Zhao has stressed the importance of market liquidity after various countries ask for segregated order books. Binance CEO Changpeng ‘CZ’ Zhao has highlighted the shortcomings of segregated cryptocurrency markets after recent talks with governments from different countries. The global cryptocurrency exchange’s CEO has become increasingly involved in policy discussions with various...Continue Reading

July closed with Bitcoin up almost 17%, but now, analysts are turning to how long the bullish trend can last. Bitcoin (BTC) starts a new week and a new month on a cautiously positive footing after protecting crucial levels. After an intense July in which macro factors provided significant volatility, BTC price action managed to...Continue Reading

Vitalik Buterin claims Meta is jumping the gun with metaverse innovation because “it is far too early to know what people want.” Ethereum co-founder Vitalik Buterin doesn’t believe that any of the existing attempts by corporations to create a Metaverse are “going anywhere,” pointing to Meta as being one he believes will “misfire.”  Responding to...Continue Reading

It may be as soon as August that miners start returning, and difficulty is already planning an uptick. Bitcoin (BTC) miners have been capitulating for almost two months, but an end to the squeeze could already be here. That was the conclusion from Blockchain infrastructure and cryptocurrency mining firm Blockware as it published its latest...Continue Reading

Several businesses in the tourist town of Santa Lucia are now accepting Bitcoin payments in the hopes it can spur tourism spending. A small tourist town in Honduras has begun accepting Bitcoin payments as part of the “Bitcoin Valley” initiative designed to increase tourism revenue across 60 local businesses. Some locals of Santa Lucia, like...Continue Reading

It’s believed that Israel will neither be the first nor last country to impose such measures. Authorities in Israel on Monday has in put in place further restrictions on cash payments as a means to combat illegal activity and spur digital payments in the country.  Since January 2019, Israeli businesses and consumers have been subject...Continue Reading

Blockchain security firm Halborn has warned users of the latest phishing emails doing the rounds. A cybersecurity firm has issued warnings over a new phishing campaign targeting users of the popular crypto wallet MetaMask. In a July 28 post written by Halborn’s technical education specialist Luis Lubeck, the active phishing campaign used emails to target...Continue Reading

Blockchain games and NFT-related Metaverse projects “managed to sidestep the ensuing bear market” by posting transaction count increases of 9.5% and 27% respectively in Q2. Blockchain gaming and the Metaverse have managed to “sidestep” the “Lehman brothers-like” collapse of Terra in May — though decentralized finance (DeFi) and nonfungible tokens (NFTs) haven’t been so lucky,...Continue Reading