Magic Eden to build ApeCoin NFT marketplace for Bored Apes
Following plans to expand from the Solana NFT marketplace into Ethereum, Magic Eden has also stated that it wants to build an ApeCoin NFT marketplace for Bored Apes. Magic Eden, a leading Solana NFT marketplace, only recently made its arrival in the Ethereum market, but it already aims to service the most renowned community in […]
Reddit, FTX partner to introduce ETH-based community points
Reddit is looking to accept cryptocurrency payments thanks to a new agreement with the FTX exchange, customers will be able to utilize FTX Pay to buy Ether (ETH) through compatible Reddit apps. In a joint statement on Tuesday, Sam Bankman-Fried’s cryptocurrency exchange FTX and Reddit stated that the platform would incorporate Reddit’s Community Points in […]
Curve Finance fixes site bug, tells users to cancel recent contracts
Users claim that over $573,000 USD was stolen as a result of an exploit of the Curve Finance website’s front end. Automated market creator Curve Finance used Twitter on Tuesday to alert users of a vulnerability on its platform. The protocol’s developers observed that the problem, which seemed to be a malicious actor’s attack, was […]
Crypto Start-up bank Nuri files for insolvency
Nuri. a German crypto start-up bank is filing for insolvency due to “significant macroeconomic headwinds and the cooling down of public and private capital markets.” On August 9, Nuri, a German start-up crypto bank with 500,000 users, filed for insolvency, citing significant crypto sell-offs, Celsius and other crypto funds’ collapse earlier this year as justifications. […]
Crypto market decline cost Coinbase $1.1 billion in Q2
Since Coinbase went public on the Nasdaq Stock Exchange in April 2021, this is its largest quarterly net loss. The world’s largest cryptocurrency exchange, Coinbase, blamed a “fast and furious” decline in the cryptocurrency markets. It had a stunning $1.1 billion net loss in the second quarter of 2022, which also saw a decline in […]