Reddit introduces new “Collectible Avatars” supported by blockchain
Reddit said that the initiative will use the Polygon (MATIC) blockchain for decentralized trading and third-party sales. Reddit, a platform for content aggregation, discussion, and ranking, unveiled a brand-new avatar system on Thursday. The business stated that the avatars will be accessible to the general public in the coming weeks, though no specific release date […]
Celsius transfers WBTC worth $529M to FTX exchange
The cryptocurrency industry is worried that the transfer of the wBTC might result in the dump of more than $500 million worth of Bitcoin. Concerns have been raised by some in the community regarding the possibility of a dump when troubled loan provider Celsius transferred nearly 25,000 Wrapped Bitcoin (wBTC) valued at $528.9 million to […]
Shocking fraud claims as KeyFi sues Celsius in court
In the complaint filed by KeyFi Inc., Celsius is accused of breaching a multi-million dollar profit-sharing agreement after successfully implementing multiple staking and DeFi tactics for the company. KeyFi Inc., a staking software and investment company has filed a complaint against struggling cryptocurrency lender Celsius, alleging that the business has been conducting business in a […]
Aave Sets To Launch Overcollaterized Stablecoin GHO
At this point, GHO would enable Aave users to borrow the stablecoin while still learning the yield on their locked assets. Aave, a DeFi giant, has announced plans to produce an overcollateralized stablecoin dubbed GHO, subject to the approval of the community DAO. On July 7, Aave Companies — the main company managing the Aave […]
Bitcoin (BTC) Jumps 8% Above $22,000
Bitcoin is trying to recover from a major dip it had in the past weeks as the coin price rose by 8% in the last 24 hours with its exchange supply dropping steadily. Bitcoin, the world’s largest cryptocurrency, has experienced a significant rebound in the last 24 hours. As of press time, Bitcoin is trading […]