Avalanche founder Dismisses Smear Campaign Allegation
Emin Gün Sirer, the founder of Avalanche, said that the claims, which caused the AVAX token to drop by about 11%, are “categorically false.” Emin Gün Sirer has said that recent claims that his company, Ava Labs, was involved in a campaign to smear competitors of Avalanche, the company’s $5 billion layer 1 blockchain, are […]
BTC products dip while ETH products grow in August
As crypto market AUM data continue to decline despite the bad market, the forthcoming Merge has helped to drive up ETH products and trading activity. The trading volumes for Grayscale’s most well-known Bitcoin (BTC) and Ethereum (ETH) products, GBTC and GETH, respectively, both decreased by 24.4% and 23.2%, respectively, reflecting this. According to a report […]
Itaú Set to Develop a DeFi Liquidity Pool
As part of the Financial and Technological Innovation and Technology Laboratory, Banco Central do Brasil chose Itaú and seven other projects. A decentralized finance (DeFi) liquidity pool from Itaú Unibanco, the biggest private bank in the nation, was chosen by the central bank of Brazil as one of eight new initiatives for its most recent […]
FBI warns crypto investors about security vulnerabilities
This FBI warning comes after a number of hacks on DeFi this year, which caused investors to lose crypto worth billions of dollars. The Federal Bureau of Investigation (FBI) has asked decentralized finance (DeFi) platforms to improve their security and warned investors about the holes in these platforms. The FBI’s warning comes as DeFi platforms, […]
Crypto Lender Hodlnaut Under Interim Judicial Management
On August 29, a type of creditor protection called “interim judicial management” was put in place for the Singapore-based lender. Three weeks after it stopped withdrawals because of “difficult market conditions,” Hodlnaut has been put under interim judicial management (IJM), which is a form of creditor protection. In judicial management, the business, property, and assets […]