UK Ad Authority: Crypto Instagram Posts Misleads Viewers
The country’s advertising watchdog said that Instagram influencers who promote crypto investments have to tell people about the risks. In a statement released Wednesday, local authorities told two former contestants on the U.K. reality TV show “Love Island” to stop misleading their Instagram followers with pro-crypto posts. The Advertising Standards Authority (ASA) said Jessica and […]
Merge: Defi Giant Aave Halts Loaning Ether
The Aave community is worried that more users will borrow ether before the Merge, which could cause liquidity problems for the protocol and make the staked ether market on Lido more volatile. Aave, a large decentralized lending platform, has put in place new rules to protect itself from a number of risks that could come […]
Kyber Compensates Affected Wallet As it Curbs Attack
Kyber Network said, “As a bug bounty, we’ll give you 15% of the money if you bring it back and talk to our team.” One Kyber wallet had $265,000 stolen from it on September 1. Kyber Network, a multichain decentralized finance (DeFi) platform, said it took away the attack vector that was used in an […]
GMX Tokens Serve as Proxy for Ethereum Layer 2 Solution
Even though market sentiment is still low as a whole, GMX tokens have almost doubled in the last two weeks. This week, traders betting on the growth of Arbitrum, a popular Ethereum layer-2 scaling solution, drove the price of tokens for the decentralized exchange (DEX) GMX to a record high. With its on-chain trading interface, […]
Ethereum Merge Final Countdown Has Officially Started
When the Bellatrix upgrade on Ethereum Merge is turned on, the Merge process starts. The Merge is likely to be finished between Sept. 13 and 16. Ethereum is getting better. The most popular blockchain platform in the world is about to go through a big change that will make it greener and make it easier […]