Leverage is widely used in the crypto industry. While leverage has the potential to increase returns, it also amplifies downside risks. Leveraged trading of cryptocurrencies — i.e., trading crypto with borrowed funds — comes with significant risks. This is mainly due to the capricious nature of the market. In May, the cryptocurrency market, which had...Continue Reading

The adoption of digital assets provides a good opportunity to ensure uninterrupted payments for imports and exports, Russia’s prime minister said. Russia could soon be taking a cue from Iran by using cryptocurrencies for imports, according to comments from the Russian prime Minister. The adoption of digital assets is necessary as a “safe alternative” for...Continue Reading

Jaime Baeza said that the fast-paced environment and regulatory uncertainty are some of the challenges institutions face in Web3. With more institutions joining the Web3 space, regulation has been identified as one of the trickier challenges that can either smother creativity or become a potential catalyst to broader adoption.  In an interview with Cointelegraph, Jaime...Continue Reading

The mechanism allows investors to allocate a portion of the rewards they earned into funding startups. Interoperability-focused blockchain Flare Network has partnered with software infrastructure firm Lena Instruments to implement a crowdfunding mechanism that lowers the risks associated with startup investing.  Lena Instruments announced what it called a “CloudFunding” launchpad that lets Flare investors allocate...Continue Reading

The deployment of a program upgrade went terribly wrong as a fateful “Solana program close” command stopped OptiFi’s platform indefinitely. A decentralized cryptocurrency (DEX) options exchange cut its own life short after unwittingly executing a command that closed its mainnet program and made it irrecoverable. OptiFi informed users that its platform had come to an...Continue Reading

Web3 users will soon be able to experience Africa, Costa Rica and Ukraine in the Metaverse, as organizations recreate virtual environments with a purpose. The Metaverse is quickly becoming one of the most important places for companies and individuals looking to expand their reach. New findings from research firm MarketsandMarkets predict that the Metaverse market...Continue Reading

By acquiring PT Kripto Maksima Koin, the tech giant pursues a goal to become “a diverse money management hub.” Indonesian tech company PT GoTo Gojek Tokopedia Tbk (GoTo) bought PT Kripto Maksima Koin, a local crypto exchange, in a bid to diversify its assets. The deal makes a landmark in the merging of mainstream and crypto...Continue Reading

Both parties participated in a $200 million funding round for the Australian NFT Immutable in March 2022. The venture capital market of the cryptocurrency industry is holding strong despite the crypto winter as major government-linked firms reportedly continue betting on big industry players. Singapore state-owned investment firm Temasek is joining a $100 million funding round...Continue Reading

Albanian authorities have Faruk Fatih Özer in custody, waiting for questioning and cooperation with the Turkish government. The saga of the defunct Turkish crypto exchange, Thodex, continues as its fugitive founder is now in custody in Albania. Local law enforcement detained Faruk Fatih Özer in an operation carried out at 05:30 AM (UTC) on Tuesday,...Continue Reading

The blockchain unicorn created Web3 Engine as a developer tool set targeting DeFi, GameFi and NFT products and services. Digital asset custody platform Fireblocks has launched support for Solana, giving its thousands of users access to the developer network’s applications and infrastructure.  Beginning Tuesday, Fireblocks users will have direct access to Solana’s various decentralized finance...Continue Reading