Cryptocurrency Analysis and News Portal
The newly introduced Midas stablecoin, set to integrate with DeFi platforms in the current quarter before a retail launch early next year in 2024. Midas, a stablecoin backed by US Treasuries, plans to join the growing trend of convergence between cryptocurrency and traditional finance. The project plans to introduce its
Read More
Custodial CeDeFi investment platform Midas will close down its operations because of a $63.3 million deficit in its decentralized finance (DeFi) portfolio. In an announcement, the company’s founder and CEO Iakov Levin also known as “Trevor” wrote that the move is partly because the fund’s DeFi portfolio lost $50 million, which
Read More
Starting on Tuesday, Midas disabled deposits and swaps, as well as withdrawals for some time while it makes cautions and balance adjustments. Its target is to deduct 55% from user balances held in bitcoin, ether and stablecoins, with the adjustment being compensated for in MIDAS tokens which can be swapped
Read More
Bitcoin (BTC) hasn’t been in its best state lately, falling from a high of over $69,000 to the current price of around
Read More
Crypto venture capital firms have been investing at unprecedented rates recently and Andreessen Horowitz is one of the industry’s leaders making huge returns on their investments.Andreessen Horowitz (a16z) general partner Chris Dixon has topped the Forbes “Midas List” of the world’s best venture capital investors in 2022.Seldom does a crypto
Read More
Bitcoin has been moving sideways during the day after an increase in selling pressure brought back to mid-range of its current levels. The first cryptocurrency by market cap trades at $47,394 with a 5.4% profit in the daily chart. BTC with minor losses in the daily chart. Source: BTCUSD Tradingview Despite the
Read More