Genius X receives $105 million in ADA after ISPO launch
Genius X, a Cardano-based accelerator program, has received over $105 million in ADA for its initial stake pool offering (ISPO). This comes after Genius Yield, the company’s decentralized automated market maker and liquidity management protocol, finished its ISPO on May 10 with over 14,500 delegators staking 270 million Cardano (ADA) across four official stake pools, […]
Why Are Top Meme Tokens Taking So Long To Recover From Recent Crash?
Memetokens has failed to make any significant gains this year, unlike last year when it sparked a major crypto market surge. Amid very turbulent conditions, the global crypto market saw a slight rally. The overall crypto valuation increased by 3.44% over the last day. Metaverse and gaming category tokens have also seen significant growth. There […]
DeFi Giant Lido Contemplates Backing Terra After Hard Fork
One of the top Ethereum-based DeFi protocols, Lido sparked a community debate as it contemplates backing Terra after its reboot. A community proposal backed by the main Lido team lays out four possibilities for users to consider when it comes to funding Terra, to eventually allow community voting on the matter. The move comes as […]
Europeans see crypto as way to save, invest – Survey
According to a recent study commissioned by crypto trading platform BitMEX, three out of five European respondents declared a 50% growth in their crypto investments. The poll, performed by Kantar, was designed to uncover crypto-related consumer trends in 2022. The study found that Europeans see crypto as a way to invest and save for their […]
Commonwealth Bank of Australia halts crypto trading pilot plan
The Commonwealth Bank of Australia (CBA) has put its plans for a second crypto trading pilot program on hold indefinitely. CBA handed Cointelegraph a transcript of a Tuesday bank briefing in which CEO Matt Comyn stated that regulatory clarity was still pending. He also stated that he was “working closely with a variety of regulators […]