press release SINGAPORE — 8 July 2022 — TOKEN2049, Asia’s premier crypto conference, has announced a new batch of title sponsors and speakers for its upcoming Singapore edition which will be running from 28 to 29 September. This year marks the conference’s Singapore debut, making for a thrilling week of activities as some of the world’s most pioneering projects gather…
According to a new post by Acala Network co-founder Bette Chen, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Acala is a decentralized finance platform built on the Polkadot (DOT) ecosystem. The week prior, the price of aUSD fell to less than one-cent from its dollar-peg after it was discovered that 3.022 billion aUSD…
Bitcoin (BTC) drifted near $21,000 on the Aug. 22 Wall Street open as the new week began without a rebound. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView European commodity surge hammers euro Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to summon a comeback after last week’s 11.6% losses. The pair put in fresh multi-week lows under $20,800…
Monday saw eos remain in the green, despite the latest red wave in cryptocurrency markets. Today’s rally sees the token move almost 20% higher in the last seven days. Flow, on the other hand, extended its recent declines and is now down by almost 30% in the same period. EOS was trading mostly higher on Monday, as the token remained…
Crypto investment products registered minor weekly outflows last week as volumes plunged to their second-lowest levels of the year, signaling weak demand among institutional investors during the tail end of summer. Outflows from digital asset investment products totaled $8.7 million in the week ending Aug. 21, CoinShares reported Monday. Bitcoin (BTC) investment products saw a third consecutive week of outflows…
Global asset management firm Invesco has launched an investment fund focused on all things Metaverse. The Invesco Metaverse Fund is registered in Luxembourg and has a size of approximately $30 million, a spokesman for Invesco told Decrypt. The Metaverse refers to an integrated network of immersive 3D worlds and online communities where people interact by using virtual reality headsets and…
Seven large domestic securities companies in South Korea are seeking approval to operate cryptocurrency exchanges. Two companies are listed by name in the report: Mirae Asset Securities and Samsung Securities. The institutional digital asset ecosystem in South Korea is seeing an increase in demand following the local presidential election of Yoon Suk-Yeol. Seven large domestic securities companies in South Korea…
The troubled crypto lender Hodlnaut shared another update after the company froze withdrawals on August 8, and then revealed the company is seeking judicial management in order to rehabilitate the startup. The latest update shows that Hodlnaut experienced a shortfall of around $193 million and this past week the company has laid off roughly 80% of the startup’s workforce. Crypto…
USDC tokens held by the largest addresses have dropped to a two-year low as Circle freezes Tornado Cash-related assets. Source: https://cointelegraph.com/quiz/usdc-whale-holdings-percentage-lowest-in-almost-two-years
The Ethereum ecosystem continues to witness a flurry of activity that has individuals and organizations deploying token contracts, adding liquidity to pools and deploying smart contracts to support a wide range of business models. While notable, this growth has also been riddled with security exploits, leaving decentralized finance (DeFi) protocols vulnerable to hacks and scams. For instance, recent findings from…
