High-Risk DeFi Loans Spike Post-US Election Amid Crypto Market Rally
High-risk DeFi loans have skyrocketed since the US election, just months after Curve’s founder was liquidated for over $100 million. The value of cryptocurrency loans is rapidly increasing, possibly signaling a cautionary trend for crypto markets amid investor optimism following the U.S. presidential election. Data from IntoTheBlock shared in a Nov. 6 post on X […]
DePIN Glow Raises $30M from Framework Ventures, USV
The funds will be used to expand Glow’s solar grid in India, which is projected to replace the energy consumption of 34,000 households. Ethereum-based platform Glow has secured $30 million from venture capitalists to expand its decentralized solar farm initiatives. Framework Ventures and Union Square Ventures led the funding round, with participation from Lattice Ventures, Protocol […]
Asia Leads in Crypto Developers as US Decline
The geographic distribution of crypto developers frequently indicates the regions most positioned to drive future blockchain innovation. A recent report reveals that Asia has surpassed North America as the leading region for cryptocurrency and blockchain development talent. As of 2024, Asia accounts for 32% of global cryptocurrency developers, up from 13% in 2015, positioning it as […]
Consensys Announces 20% Workforce Reduction
Consensys CEO Joe Lubin has clarified that the company’s restructuring plan will affect 162 permanent employees. Blockchain firm Consensys has initiated a significant restructuring, reducing its workforce by over 20%. CEO Joe Lubin confirmed that the move affected 162 employees as part of an effort to streamline operations and accelerate the decentralization of its key […]
North Korean Developer Allegations Shake Cosmos Ecosystem
Cosmos‘ co-founder and core contributors were unaware of the North Korean link, which could remove the Liquid Staking Module. A recent on-chain investigation claims that part of the Cosmos ecosystem may have been developed by North Korean agents, potentially drawing the FBI’s attention in 2023. According to Cosmos ecosystem developer Jacob Gadikian, who shared the […]