Euler Labs CEO Michael Bentley stated he will “never forgive” the hacker as the exploit caused him to lose time with his newborn son. Ten separate audits conducted over a two-year period of the Ethereum-based lending protocol Euler Finance deemed it to be “nothing higher than low risk” and having “no outstanding issues” prior to...Continue Reading

The NFT project doodles is looking to go beyond being an NFT project, with plans to become a “leading media franchise.” Identity crisis: Cofounder of doodles says it’s not an NFT project One of the co-founders of nonfungible token (NFT) project doodles says it is going to pivot away from being an “NFT project” to...Continue Reading

Only 11,440 NFT traders were active on March 11 which was the lowest figure recorded since November 2021. Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as traders fled the markets fearing the repercussions of a major United States bank going under. According to...Continue Reading

The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises. The collapse of Silicon Valley Bank (SVB) saw investors loading their bags with USD Coin (USDC), along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs). Outflows from centralized...Continue Reading

The successful bid comes a month after 88.6% of LinksDAO token holders voted in favor of putting in a “compelling offer” for the golf course in its governance vote. The decentralized autonomous organization (DAO)-operated golf startup, LinksDAO is primed to become the new owner of the Spey Bay Golf Club in Scotland after successfully winning...Continue Reading

Chinese billionaire using crypto to fight communism charged over $1 billion fraud, Do Kwon’s $11M bet comes due, Zhu Su bonds with Islam. Our weekly roundup of news from East Asia curates the industrys most important developments. Chinese billionaire arrested in U.S. for $1B financial fraud  According to an announcement published by the U.S. Department...Continue Reading

Senator Michael Bennet said crypto was not “even as stable as the marijuana industry,” questioning Signature Bank’s ability to service digital asset firms but not dispensaries. Michael Bennet, a United States senator representing the state of Colorado, has suggested that banks associated with crypto firms did not make “prudentially sound” decisions. Speaking at a March...Continue Reading

The fire lit by Silvergate Bank and Silicon Valley Bank will make it harder for crypto to find financial partners. The collapse of Silicon Valley Bank (SVB) and Silvergate Capital, some of the most crypto-friendly banks in the industry, has forced many crypto firms to hold their breath. The loss of a significant banking partner...Continue Reading