Celo network back online after almost 24-hour outage
It was the first time the Celo mainnet had gone down in more than two years. Proof-of-stake-based blockchain Celo has been suffering from an on-and-off network outage lasting 24 hours,…
UNI, MATIC and AAVE surge after Bitcoin price bounces back above $20K
Bitcoin, Uniswap, Polygon and Aave turned green just a day after the highest CPI print in over 40 years. Crypto investors found cause for celebration on July 14 as the…
Ankr Network’s 2.0 upgrade aims to improve Web3 decentralization
Ankr is one of the largest remote procedure call (RPC) endpoint providers in the crypto space, which are critical for Web3 dApps that connect with blockchains. Decentralized Web3 infrastructure provider…
Crypto markets need to hit ‘total panic’ before revival: Kevin O’Leary
The millionaire investor thinks that the market bottom will be marked by “total panic,” at which point weak companies with “idiot managers” will be weeded out and the industry can…
KuCoin survey reveals high crypto adoption in Saudi Arabia
Saudi Arabia has recorded a high level of cryptocurrency adoption and penetration, according to a recent survey by KuCoin. The survey shows that the country now ranks as one of…
Celsius lending firm vows to recover after a bankruptcy filing
Celsius, a cryptocurrency lending platform, has filed for Chapter 11 bankruptcy. The lender filed for bankruptcy around two months after halting functions such as withdrawals, swaps, and transfers because of…
People’s Bank of China to expand testing locations for digital yuan
China is among the jurisdictions that have made major advancements with its plans for a central bank digital currency (CBDC). A report by the Xinhua News Agency said that the…
South Africa Sets To Regulate Crypto As Financial Assets
South Africa’s central bank is planning to impose more regulation on the crypto industry as it recognizes the digital asset space. The rules will be imposed within the next 12…
NFT, Blockchain, And Web3 Added To Shanghais Five-Year Plan
The Shanghai government has maintained its support for crypto and non-fungible tokens (NFTs). The government has now added blockchain and NFTs to its 5-year plan. The latest release will speed…
OpenSea lays off 20% of its staff, citing ‘crypto winter’
The bear market in Bitcoin and altcoins has had a negative impact on staffing levels at major crypto companies, including exchanges, lending platforms and marketplaces. Nonfungible token (NFT) marketplace OpenSea…
CleanSpark scoops up 1K+ mining rigs at ‘substantially discounted price’
“We are seeing unprecedented opportunities in this market,” said CleanSpark president and CEO Zach Bradford. Crypto mining firm CleanSpark announced the purchase of more than 1,000 Bitcoin miners amid the…
Circle discloses full breakdown of $55.7B USDC reserves
As of June 30, about 75.6% of Circle’s reserves were held in U.S. Treasuries and 24.4% were held in cash at regulated financial institutions. Circle Internet Financial has released a…
3 reasons why Polygon (MATIC) is up 100%+ during a bear market
Steady adoption and internal growth back MATIC’s 118% gain, even as most altcoins struggle to hold on to their short-term gains. Unlike bull markets where traders can basically throw a…
Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters
During the last 30 days, the Celsius Network’s native token CEL increased in value by over 140% against the U.S. dollar. On July 13, just before the lending company filed…
NYDIG to Provide the New York Yankees With Bitcoin Payroll Services
On July 14, 2022, the bitcoin company NYDIG, a subsidiary of Stone Ridge, announced that the firm inked a multi-year deal with the Major League Baseball (MLB) team the New…