Summary: Mike Novogratz has warned the crypto community against picking price bottoms as it is dangerous. He also pointed out that most altcoins are down by over 80% from their…
Summary: The Electric Coin Company has initiated research on a possible transition of ZCash from a proof-of-work mechanism to a proof-of-stake. The research will focus on shielded wallet UX and…
Summary: The Brazilian Crypto Exchange of Nox Bitcoin has announced that it will refund all UST Holders’ losses with USDT. Nox Bitcoin has set aside BRL 620,000 or approximately $127k…
Summary: Circle’s team has stated it is committed to providing weekly reserve reports for USDCoin (USDC). Tether also issued its latest assurance report on USDT’s reserves earlier this week. Both…
Summary: Bitmex founder, Arthur Hayes, will not spend a single day in jail for violating the U.S. Bank Secrecy Act. Mr. Hayes has been sentenced to two years probation with…
Summary: The team from Avalanche has issued a transparency report on the fate of the AVAX reserves that the Luna Foundation Guard and Terraform Labs hold. According to Avalanche, Terraform…
Quick take: Paul Veradittakit, a Partner at Pantera Capital, believes that crypto markets have entered a bear market. Mr. Veradittakit believes that bear markets are great for companies to focus…
Quick take: Bobby Won has forecasted that the next 12 to 18 months in the crypto-markets will be challenging. He cites the US Fed increasing interest rates to tame inflation…
Quick take: CZ believes that UST’s depegging and massive LUNA inflation could have been avoided had the LFG deployed its reserves when the de-peg was at 5%. According to CZ,…
Summary: Terra’s Do Kwon has introduced three amendments to proposal 1623 to fork the chain. The amendments were introduced as the Terra community was still voting on the original proposal.…
Solana-based NFT marketplace Magic Eden has topped OpenSea in terms of the daily trading volume. The marketplace has reported nearly 275,000 transactions in the last 24 hours. NFT marketplace Magic…
The Prysmatic Labs team said the Merge might occur as early as August Preston Van Loon shared the news at this week’s Permissionless blockchain conference Vitalik Buterin made similar comments…
Litecoin has activated the privacy protocol Mimblewimble. Mimblewimble allows the obfuscation of sender and recipient addresses, as well as transaction amounts. Privacy coins are frowned upon by the governments, so…
Quick takeaways: Mike Novogratz has confirmed he will be keeping his Terra (LUNA) tattoo. He explained that the tattoo will be a constant reminder that venture investing requires humility. Mr.…
Summary: The Curve Finance community has released a proposal to remove UST pool gauges. The proposal argues that CRV should not incentivize UST pools as it will create a negative…
