DeFi isn’t dead, it just needs to fix these 3 critical problems
It’s been a rough year for DeFi, and it may not get any better until projects focus more on security, regulation and usability. The persistent challenges faced by decentralized finance…
Bitcoin price rallies to $32.3K, but three factors could limit its recovery
BTC bulls pressed the price to $33,300, but significant tailwinds in traditional markets could continue to weigh on Bitcoin price. Bitcoin (BTC) price action has been surprisingly bullish since May…
Bitcoin Price Prediction for Today, May 31: BTC Breaks Above $32,000
The Bitcoin price prediction moves close to the resistance level of $33,000 as the buying interest may increase within the channel. Bitcoin Prediction Statistics Data: Bitcoin price now – $32,120…
CoinShares CEO Declares the Company Lost $21M Due to UST’s Depeg, States it Was a Humbling Lesson
Summary: CoinShares has released its 2021 Financial Annual Report. In the report, CoinShares CEO has stated that the company suffered a £17 million ($21.45 million) loss from its DeFi activities…
BNB Chain Updates Roadmap, to Introduce Sidechains, META Apes, a Metaverse and Open Source Code
Summary: The team at BNB Chain has released an updated roadmap of the project. At the core of the roadmap is increased decentralization, sidechains, META Apes, a Metaverse, and open-source…
Terra’s Mirror Protocol Stops Ongoing Exploit Dead on Its Tracks That Had Already Siphoned Off $2M in Assets
Summary: The team at the Terra-based Mirror Protocol has stopped an ongoing exploit that had already siphoned off $2 million in assets. The exploit was made possible through a faulty…
Ripple Partner SBI Holdings to Develop A ‘Smart Yen’ With Recent Investment in NY Based Startup of Digital Asset
Summary: SBI Holdings has invested an undisclosed amount in the New York-based startup of Digital Asset. The two companies will establish a joint venture in Japan under equal ownership, operating…
Tron’s DeFi activity spikes following the USDD launch
The collapse of the Terra USD (UST) stablecoin created several hurdles for the stablecoin networks. While some stablecoins have been stress tested since the UST crash, some have maintained a…
Immutable X Price Prediction: IMX Is Bracing Up for a Downing Return
Immutable (IMX) Price Prediction – May 31An indication has surfaced to suggest the IMX/USD market activity is bracing up for a downing return in the near time. The base instrument’s…
Prada become the latest luxury brand to release NFTs
Non-fungible tokens (NFTs) have become increasingly popular over the past year. The growing popularity of NFTs has been adopted by some of the most luxurious brands globally, including Balenciaga, Balmain,…
South Korean authorities investigate possible price manipulation in Terra crash
The recent collapse of the Terra LUNA token and the Terra USD (UST) stablecoin has spooked the market because of the increased fears of increased regulatory attention. It was reported…
Binance expands Europe presence with regulatory approval in Italy
Binance, the world’s largest cryptocurrency exchange by trading volumes, has received registration and regulatory approval to operate in Italy. This is the latest move by Binance to strengthen its presence…
Lucky Block ticket sales on high demand amid $1M prize draw
Crypto games have become increasingly popular over the past year, but new games are sprouting up, aiming to change the dynamics of the sector. Lucky Block is a Web3 games…
Russian central bank signals agreement with crypto law revisions: Report
A top Russian central bank official said at a press conference that the monetary authority will permit foreign trade with crypto. First deputy governor of the Russian central bank Ksenia…
How does the Fed impact crypto? | Find out on The Market Report
How do the decisions of the United States Federal Reserve affect Bitcoin and the broader crypto markets? “The Market Report” with Cointelegraph is live right now. On this week’s show,…