Cardano’s Project Catalyst funds dcSpark in order to improve the ecosystem
Cardano’s Project Catalyst is a fascinating concept: a $1 billion decentralized fund that will be voted on and distributed to individuals who submit suggestions to improve the Cardano ecosystem. On the 29th of October, an ecosystem builder reported that Catalyst had financed not one, but all of its bids. Project Catalyst members voted to allocate a […]
What happened to the $60 million raised by this DeFi project with a dog theme?
An investor allegedly lost $470,000 to a dog-inspired DeFi project. In an interview with CNBC, the investor admitted. AnubisDAO , the project in question, raised $60 million with its ANKH token sale. However, a deeper examination of the community reveals that the full $60 million in cash has vanished. The decentralized autonomous organization (DAO) was […]
Crypto investments for pension funds may be prohibited in South Africa
In terms of cryptocurrency acceptance, South Africa is among the top 20 nations in the world. In addition, for the first time, crypto trading in the country just surpassed $141 million. However, according to a local newspaper, new draft guidelines would prohibit South African pension funds from investing in Bitcoin and other cryptocurrencies. If the […]
Survey shows African-Americans are leading cryptocurrency investments
The University of Chicago conducted a survey of 1004 young adults (aged 18-29) and discovered that approximately 34% of traders were people of color who had actively purchased cryptocurrency in the previous 12 months. Many African Americans have delved into the world of cryptocurrency in search of wealth-generating opportunities and a break from traditional banking […]
Justin Sun reportedly withdraws billions of dollars in cryptocurrency out of Aave’s lending pools
According to blockchain data, Tron creator Justin Sun has taken billions of dollars in crypto from the lending pools of DeFi lending platform Aave. As a result, the platform has lost a considerable amount of liquidity, resulting in much higher interest rates. Concerns regarding recent tweets between members of the Yearn community and those in […]