Category: Cryptocurrency

Aug 12
Axie Infinity cuts rewards from classic game, subtly forcing P2E players to new mode

The team described the move as part of its efforts to balance the economy for the Smooth Love Potion token. 1242 Total views 6 Total shares Play-to-earn (P2E) blockchain game Axie Infinity (AXS) has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie […]

Aug 12
Huobi co-founder reportedly looks to sell majority stake valued at over $1B

Huobi co-founder Leon Li reportedly informed about his decision to other backers of the company in a July shareholders meeting. 239 Total views 3 Total shares Leon Li, the co-founder of global crypto exchange Huobi, is reportedly in talks to sell the majority of his stake in the company that could be valued at over […]

Aug 12
MakerDAO should ‘seriously consider’ depegging DAI from USD — Founder

In light of the recent Tornado Cash and frozen USDC addresses debacle, MakerDAO founder Rune Christensen is hoping to move DAI’s collateralization away from USDC. 1488 Total views 14 Total shares MakerDAO founder Rune Christensen has urged members of the decentralized autonomous organization (DAO) to “seriously consider” preparing for the depeg of its Dai (DAI) […]

Aug 12
ASIC chair troubled by sheer amount of ‘risk-taking’ crypto investors

Australia’s financial services regulator sees the rise in crypto investment during the COVID-19 pandemic as a cause for concern, especially among young and new investors. 584 Total views 31 Total shares The chief of Australia’s financial services regulator Joe Longo has raised the alarm over the sheer amount of people that invested in “unregulated, volatile” […]

Aug 12
Institutional staking won’t take off unless asset lock-up solved: Coinbase CFO

Coinbase’s new institutional-focused staking product won’t be a “near-term phenomenon” while liquid staking is still being worked out. 407 Total views 17 Total shares Institutional staking of crypto assets, including the post-Merge Ethereum, could become a “phenomenon” in the future, but not while their assets still need to be “locked up.” Speaking during a Q2

Aug 12
BTC mining stocks double in a month as production ramps

While Bitcoin and Ethereum prices may have climbed lately, Bitcoin mining companies have been absolutely pumping. 255 Total views 4 Total shares Crypto mining companies have seen their stock prices increase as much as 120% over the last month, amid rebounding crypto asset prices, higher mining profitability, and sharp increases in BTC production. Crypto mining […]

Aug 12
Coming sooner: ETH devs move up the date for Merge

The Ethereum Merge may be coming sooner than planned, after core developers announced a tentative Merge date of Sept. 15, which will see the blockchain transition to Proof-of-Stake. The Ethereum mainnet Merge date came into view after core developers such as Tim Beiko and Prysmatic Labs co-founder Terence Tsao agreed in an Aug. 11 developer […]

Aug 11
Decentralized apps on Polygon hit 37,000, rocketing 400% this year

It comes as the number of monthly active teams for the blockchain reached 11,800 in July, up from 8,000 in March. 3031 Total views 50 Total shares The number of decentralized applications (DApps) on Ethereum-scaling-platform Polygon has topped 37,000, marking a 400% increase since the start of 2022. The Polygon team shared the figures via […]

Aug 11
21-year-old got ‘thought-provoking’ questions after teaching crypto to old folks

When assisted senior living home The Preston of the Park Cities approached Owen Robertson to hold a course on crypto, nonfungible tokens (NFTs) and the Metaverse for their residents, the 21-year-old didn’t expect how quickly they’d pick up on the complex topics.  Speaking to Cointelegraph, the Quai Network marketing associate, board member of the Mccombs […]

Aug 11
Ethereum Merge on track as Goerli test merge successfully finalized

With the Goerli merge going successfully, there is growing confidence that there will be no further delays to the Ethereum Merger set for mid-September. 1077 Total views 6 Total shares After Ropsten and Sepolia, Goerli was the last remaining testnet scheduled to undergo the merge, officially becoming a Proof-of-Stake (PoS) blockchain as of 1:45 am […]