S&P Global Ratings grants Compound Treasury B-credit rating
Compound Treasury, a decentralized finance (DeFi) technology, has acquired a B- credit rating from S&P Global Ratings. According to Compound’s team, this is the first time a major credit agency has given an institutionalized DeFi system a rating. The investing appropriateness scale at S&P Global Ratings goes from AAA (very strong) to D (in default). […]
Galaxy Digital records $112M loss in first quarter (Q1) of 2022
Galaxy Digital Holdings, a crypto investment manager, reported a steep loss in the first quarter due to unrealized losses in its digital asset portfolio, signaling increased volatility in the digital asset industry in 2022. Galaxy Digital reported a net comprehensive loss of $111.7 million in the quarter ended March 31, compared to a gain of […]
Here’s Why Bitcoin (BTC) Is Set To Drop Further Below $33k Today
Over the past week, Bitcoin (BTC) the world’s largest cryptocurrency has witnessed losses as it reached its lowest levels this year. BTC is currently trading at around $33,000, its lowest price since July 2021. The token has dropped about 14% in the past week and is down more than 50% from its November high. The […]
Ethereum’s (ETH) Planned Merger Seems To Be Alienating Developers
Ethereum’s (ETH) EIP-1559 proposal, which modified the network’s fee mechanism to bring it closer to a proof-of-stake model, appears to have turned away Ethereum developers on the second-largest blockchain. The Ethereum (ETH) Network however has revealed its set date for its much-anticipated “Merge,” or switch to a proof-of-stake (PoS) paradigm. The announcement appears to be […]
YouTube Shuts Down Several Educational Crypto Channels
Several popular crypto YouTube educational channels have had their channels shut down by the video-sharing platform YouTube Shuts Down The Bankless Channel The Bankless channel is the largest of the crypto-focused YouTube accounts to be shut down. It was the Bankless channel that shared via tweet that their channel had been shut-down. The Bankless channel, […]