Tron’s Justin Sun Hopes USDD to Become First Stablecoin in “EthereumPOW ecosystem”

H.E. Justin Sun, Founder of TRON and investor of Poloniex, a global cryptocurrency exchange, hopes that USDD the stablecoin, would become the first one in the “EthereumPOW ecosystem” after the completion of the Merge. However, Sun reiterated that he supports the fork with the strongest community consensus and the largest hash rate instead of supporting one specific fork. As the … Read more

Poloniex to List ETH Potential Hard Fork Tokens in Support of the Merge

Poloniex, one of the world’s largest crypto exchanges, announces that it fully supports the Ethereum Merge with listing of two potential forked ETH tokens: ETHS & ETHW, with commencement date of trading on August 8. Through its more than eight-year history in the crypto space, Poloniex has been always supporting the Ethereum community that it was the world’s first crypto … Read more

Core Scientific Records $862m Loss in Q2, follows by 10 % Workforce Laid off

Core Scientific, a large publicly traded cryptocurrency mining company in North America, announced its second quarter 2022 update and said it was laying off 10% of its workforce as it reported an $862 million quarterly loss due to impairments such as goodwill and digital assets. The loss was primarily attributed to an $840 million impairment … Read more

MakerDAO Intends to Depeg DAI from USDC

Announcing through Discord, MakerDAO’s founder Rune Christensen revealed that the DeFi protocol might consider depegging its native token DAI from stablecoin USD Coin (USDC). Christensen pointed out: “Will be discussing it at tonight’s call but I think we should seriously consider preparing to depeg from USD … it is almost inevitable that it will … Read more

Bullish Sentiment Restores in Crypto Derivatives Markets, Surged to $3.12 Trillion in July

Investors in the cryptocurrency ecosystem have increased their exposure to derivatives markets, with trading volume on central exchanges rising to $3.12 trillion in July, up 13% from the previous month, according to researcher CryptoCompare.   Derivatives trading volume on major exchanges hit the $245 billion mark on July 29, up 9.7% from its daily high … Read more

Maven 11 Launches $30m Loan Pool on Defi Lending Protocol Maple Finance

Defi lending protocol Maple Finance has launched a $30 million liquidity pool backed by Netherlands-based crypto-native investment firm Maven 11. Maven 11 announced that the launch of the loan pool is designed to help institutional businesses seek income opportunities. A $30 million pool of funds funded by institutional lenders will provide liquidity to borrowers used … Read more

KuCoin Pairs with DeFi Data Aggregator 1inch for Implementing Native Swap Function

The Seychelles-based crypto exchange KuCoin has announced a partnership with 1inch DeFi data aggregator to bring native token swap functionality to its in-house wallet. KuCoin has launched a decentralized product called KuCoin Wallet. KuCoin Wallet provides users with encrypted services through GameFi, Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs) functions, providing a convenient experience in the Web3.0 … Read more

Spanish Football Giants Barcelona and Real Madrid Seek Crypto Trademark Protection

Football giants Barcelona and Real Madrid filed a joint crypto trademark protection covering various virtual products, according to licensed patent and trademark attorney Michael Kondoudis. Kondoudis tweeted: “Football powerhouses Real Madrid and Barcelona have filed a joint trademark application covering: virtual reality gaming, virtual clothing, footwear, headgear, cryptocurrency transaction management software …and more.” … Read more