A decentralized finance (DeFi) protocol built on top of the Ethereum (ETH) smart contract platform has been hacked worth around $3.2 million. New data reveals that Conic Finance (CNC), which provides omnipools, or liquidity pools that allow all trades on a network to be completed in a single transaction, to Curve Finance (CRV), has been…
A little-known blockchain casino project has exploded in the last 10 days after migrating to Ethereum (ETH). Cryptocasino and exchange platform Rollbit and the project’s native token Rollbit Coin (RLB) completed their migration from Solana (SOL) to Ethereum on June 28, citing multiple reasons for the switch. “Migrating RLB to Ethereum has been the most…
Ripple is launching an innovation challenge aimed at promoting the development of XRP Ledger (XRPL) applications for central bank digital currencies (CBDCs). According to the contest page, entrants can submit projects for three categories: interoperability, retail orientation, and financial inclusion. Under the contest rules, interoperability projects must include solutions that help CBDCs connect with other…
Cryptocurrency exchange FTX is investing hundreds of millions of dollars in leading digital asset lender BlockFi as well as acquiring equity clearing firm Embed. FTX CEO Sam Bankman-Fried explained on Twitter why the exchange saw BlockFi as a good investment opportunity during the cryptocurrency market downturn. “Today we are pumping $250 million into BlockFi and…
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince and Flori Marquez follows a slew of well known crypto firms cutting back employees due to…
FC Barcelona, the football club with a huge following in Spain and Europe, has revealed its plans to capitalize on the rise of the metaverse and NFTs in the cryptocurrency market. Joan Laporta, president of the club, explained how it intends to occupy all these markets to attract more fans from all over the world….
Lugano will also “roll the red carpet” for Bitcoin and blockchain companies and enthusiasts to flock to the city. The city of Lugano, Switzerland will make Bitcoin legal tender and allow citizens to pay any utility fees or taxes in Bitcoin, city director Pietro Poretti announced at a live-streamed event Thursday alongside the mayor. Michele…
The company said in a statement that it was establishing a new digital company, which would start operations in April, as part of the restructuring. In a move that may suggest growing institutional interest in cryptocurrencies and NFTs, Nomura Holdings announced that it is establishing a new digital asset team to pursue potential opportunities in…
Airbnb confirms that it is looking to support cryptocurrencies. The company also offered to provide accommodation for up to 100,000 Ukrainian refugees. According to the European Union, around four million people may try to leave Ukraine due to the Russian invasion. Airbnb CEO Discusses Cryptocurrencies and Ukraine’s Refugee Crisis Airbnb CEO Brian Chesky discussed cryptocurrency…
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