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Avalanche-based Web3 social media app Stars Arena announced that it has secured the funding to cover the $3 million hole left by an exploit on Oct. 6. The team also added that it will re-open the smart contract once a full security audit has occurred. In an announcement on X,
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Avalanche-based decentralized social media protocol Stars Arena received funding to cover up a loss from an earlier hack that caused the project to lose nearly $3 million. Stars Arena announced the news in a social media update. While the platform does not mention the source of the funding, the announcement says
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Big Tech firm Meta is scrapping its nonfungible token (NFT) feature across its social media platforms Facebook and Instagram just under a year after it launched.Stephane Kasriel, Meta's head of commerce and financial technologies, tweeted the news on Mar. 13, saying Meta is "winding down" its NFT support as it
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The key differences between BLINC and SEN is that the former is multicurrency and isn’t tied to a single credit institution, such as a Silvergate or Signature Bank, Landsberg-Sadie said. It was not designed to take deposits, he added, having been purpose built as a payment institution, providing onramps to
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Cryptocurrency exchange Huobi has announced that it will discontinue its Huobi Cloud Wallet platform in May 2023, citing “strategic and product adjustments.“As per an announcement on Huobi’s support page, maintenance and upgrades of the multitoken wallet service will officially stop on Feb. 13. Users that are still using the cloud
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DA Davidson analyst Chris Brendler downgraded Core Scientific and Argo Blockchain from buy to neutral and said the bank has grown “increasingly concerned” about the miners. Source
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The deal, which had reportedly been agreed in principle, would have seen Crypto.com take over as sponsor from Russian-state owned energy company Gazprom. UEFA, Europe's governing body for soccer, cancelled the Gazprom contract in March following Russia's invasion of Ukraine. Source
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Digital Currency Group’s market maker and lending firm Genesis Trading has confirmed that it had investment exposure in the now-liquidated Three Arrows Capital (3AC).The insolvency and subsequent liquidation order of the embattled company sent shockwaves through the cryptocurrency space last week amid an ongoing downturn across crypto markets. A major
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Japan will propose a revision of its foreign exchange law to parliament, said a government official. Source
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The DeFi movement promises to provide a lot of benefits, including the elimination of regulators and intermediaries and making financial markets more accessible to retail investors.2020 was indeed an exceptional year for cryptocurrencies as so many of them outperformed most traditional assets, but 2021 seems more promising. From all indications,
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