Cryptocurrency Analysis and News Portal
Texas Bitcoin miners have cut back 90% of their operations during the energy crisis after the state offered $31.7 million in energy credits. Amid an escalating power crisis driven by extreme weather conditions, Texas has turned to an unlikely ally for energy conservation: Riot Platforms, a major Bitcoin (BTC) mining firm. The
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Top DeFi lenders allowed a crypto CEO to take a risky bet, raising key questions about how they manage risk. Source
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Called option D, it would see pETH price speculators and yield farmers who did not deposit into Curve via JPEG’d in-house service, called Citadel, get most of their money back, but not all. That’s in contrast to paying customers: pETH minters who paid a small fee to earn interest in
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The proposals, which aim to disable CRV borrowing and decrease Aave’s exposure to Curve’s native token on its Ethereum V2 markets, are responses to the liquidation pressure faced by Curved founder Michael Egorov. Source
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The ongoing crisis surrounding the U.S. banking system struck again as Heartland Tri-State Bank of Elkhart was closed on July 29 by the Kansas Office of the State Bank Commissioner, with the Federal Deposit Insurance Corporation (FDIC) taking control. On July 31, the four branches of Heartland Tri-State Bank will reopen
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The politics have also led to some reputational baggage. As dYdX prepared for its shift to Cosmos, its CEO, Antonio Juliano, tweeted “I specifically don’t want dYdX’s brand to be too associated with cosmos.” The rationale behind this statement, according to Juliano, didn’t have anything to do with Cosmos drama.
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The CEO of the Dubai-based exchange sees jurisdictions competing for crypto business in a post-FTX world. PLUS: Bitcoin holds near $30,000 amid investor cautiousness. Source
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The prices of houses are sky-high all around the world, and homebuyers are feeling the pain. While affording a home has never been more difficult for many people, the ability to raise funds to construct new homes has never been easier, thanks to decentralized finance (DeFi). The newly launched Home
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Born and raised in Greece to Lebanese parents, and now living in Cyprus, I’ve paid for the failed risk governance of banks on this island (2013), the 2016 capital controls in Greece limiting people to 20 euros a day, and the hyperinflation and value-loss of having my dollar deposits turned
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On the latest episode of Cointelegraph’s Macro Markets, analyst Marcel Pechman explores how Turkey’s recent interest rate increase might attract hundreds of millions of new cryptocurrency investors, and how China’s looming economic crisis could affect Bitcoin (BTC) and crypto globally.Turkey’s central bank has increased the interest rate by 6.5% to 15%
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