Cosmos Hub Adds Liquid Staking
The upgrade incorporates a liquid staking module, thereby removing the previously enforced 21-day locking period for unstaked ATOM tokens. Cosmos Hub, a blockchain component of the Cosmos Network, has been upgraded to introduce a liquid staking module, allowing users to circumvent the previous 21-day unbonding period by unstaking ATOM ATOM funds. The native token of […]
Five Things to Consider Before Investing into a DeFi Project in 2023
Decentralized finance (of DeFi for short) is about taking control of financial operations away from banks, governments, and other finance-based centralized institutions. Instead of these entities performing the operations they handle in traditional finance, modern technology negates the need for them all together, creating a more independent type of currency. It was once a radical […]
Celsius Network Files Lawsuit to Recover $150M from StakeHound
Insolvent cryptocurrency lender Celsius Network has filed a lawsuit against staking platform StakeHound for allegedly failing to return $150 million worth of Celsius’s tokens. Celsius placed 40 million Polygon (MATIC), 66,000 Polkadot (DOT), 25,000 staked native Ether, and 35,000 Ether (ETH), according to a court filing. Celsius emphasized that the total value of these tokens […]
Thailand, Singapore Ban Crypto Staking for Retail
Thailand and Singapore have announced new rules to ban crypto exchanges from offering lending and staking services to retail investors. Thailand and Singapore have joined forces to crack down on crypto staking activities for retail investors. The regulators of both Southeast Asian nations have issued new rules to ban crypto exchanges from offering lending and […]
Mavryk Finance Launches Testnet on Tezos
On the Tezos blockchain, Mavryk Finance is a DAO that provides lending, borrowing, yield farming, and staking services. Mavryk Finance has always been a DAO, meaning its governance system is decentralized, transparent, and cooperative. The platform provides its users with lending, borrowing, yield farming, and staking options. MVK tokens serve as the platform’s governance tokens. They can […]