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“# Kyber Network (KNC) bucks the market-wide downtrend with a 57% gain in January ” In the crypto market volatility continues to reign supreme, and fear, uncertainty and doubt (FUD) run rampant. This makes it challenging for any project to rise above the noise and post positive price gains but there are a few projects…
“# CertiK’s identification of Crypto Cars as ‘rug pull’ was a false alarm ” In a period of market downturns, rumors of crypto bans and decentralized finance, or DeFi scams, blockchain enthusiasts can be sensitive to the smallest abnormalities within projects they follow and sometimes erroneously fear for the worse. The day prior, CertiK, a…
“# Daniele Sestagalli discusses Wonderland’s future after QuadrigaCX co-founder dox ” On Friday, Daniele Sestagalli, co-founder of decentralized finance, or DeFi, protocol Wonderland and stablecoin protocol Abracadabra, issued a statement on the path forward after the doxing of his colleague Michael Patryn: “Do we wind down or continue to fight for the aspect of an…
“# Users flock to Curve amid lack of stablecoin liquidity on major DEXs ” In a Tweet posted by user @cryptotutor Friday, a screenshot appears to show a 27% spread between stablecoin Magic Internet Money (MIM) and USD Coin (USDC) trading pair on decentralized exchange, or DEX, Uniswap (UNI). Both have a theoretical peg of…
“# Terra (LUNA) at risk of 50% drop if bearish head-and-shoulders pattern plays out ” Terra (LUNA) may fall to nearly $25 per token in the coming weeks as a head-and-shoulders (H&S) setup develops, indicating a 50% price drop, according to technical analysis shared by CRYPTOPIKK. H&S patterns appear when the price forms three peaks…
“# Multichain DApp protocol Astar raises $22M in latest round led by Polychain ” Astar, a multichain DApp protocol formerly known as Plasm, has raised $22 million in its latest strategic fundraise. The funding round was led by Polychain and saw participation from the likes of Alameda Research, Crypto.com Capital, Digital Finance Group and a…
“# Qubit Finance suffers $80 million loss following hack ” High-profile hacks have become more prevalent throughout the cryptocurrency market, and Qubit Finance is one of the latest decentralized finance (DeFi) protocols to be exploited by hackers. Hackers were able to access and steal over $80 million from Qubit Finance which is based on Binance…
“# First DEX on Internet Computer launches, others coming soon ” The first decentralized exchange on the Dfinity Foundation’s Internet Computer blockchain went live this week, following up on the recent release of a new whitepaper. And according to information shared with Cointelegraph, there are already two other exchanges in the works. The first version…
“# Ethereum hash rate scores new ATH as PoS migration underway ” Over the previous year, Ether (ETH) has increased in value to the point that it significantly outperformed Bitcoin (BTC) in terms of returns. The rise of Ethereum has made mining on its network more lucrative over time. This appears to have resulted in…
“# Cardano network at record capacity due to SundaeSwap launch, but not all users hail it as a success ” According to both Cardano Blockchain Insight and pool.pm, the Cardano (ADA) network has maintained record capacity for nearly two weeks due to the launch of decentralized exchange, or DEX, SundaeSwap, the first of its kind…