A total of 2.97 billion aUSD erroneously minted were recovered after the glitch. After the mining failure involving its stablecoin aUSD, the Acala Network announced on Monday that it had resumed its operations following a referendum allowing LPs to withdraw liquidity from pools or unstake LP tokens. The community referendum for Stage 1 of resuming...Continue Reading

It seems that some GPU owners have resorted to selling power to non-crypto projects following the Ethereum Merge. It’s been nearly two weeks since Ethereum made its historic transition from proof-of-work to proof-of-stake, and some ex-ETH miners say they remain clueless on how to move forward.  Following the Merge, many took to crypto Twitter to...Continue Reading

The presence of global players may be viewed positively by the industry, but Tony Ling claims this does not impact mass adoption. The presence of big players in the nonfungible tokens market might evangelize newbies, but they do not lead to mass adoption or innovation, claimed Tony Ling, co-founder of NFTGo in a conversation with...Continue Reading

FTX and Binance reportedly seek to transition existing Voyager customers to their platforms whereas CrossTower has proposed to keep the existing Voyager platform and app. Cryptocurrency exchanges FTX, Binance and CrossTower are competing to acquire beleaguered crypto lender Voyager Digital’s assets out of bankruptcy, according to insider sources.  According to details published by former investment...Continue Reading