Google Cloud becomes main validator on Cronos blockchain
Google Cloud will contribute to Cronos’ decentralization and security, along with other notable validators like Crypto.com and Blockdaemon.
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Possible Yearn rival Convex Finance passes $1 billion in total value locked
Both Yearn and Convex rely heavily on Curve, but that doesn't necessarily mean the two are in competition. 3233 Total views 6 Total shares While much of the market reels from a devastating pullback that has dragged DeFi’s closely-watched total value locked (TVL) figure down from all time highs, one protocol is shrugging off the…

Binance’s DeFi index crashes 60% as Bitcoin overshadows altcoins
Binance’s DeFi Composite Index has been hit hard by the abrupt drop of the DeFi sector, down around 60% since early September. 2360 Total views 23 Total shares Bitcoin (BTC) resurgence is continuing to sap capital from the altcoin markets as other cryptocurrencies are struggling to catch up to BTC.DeFi struggles as Bitcoin shinesThe DeFi…

Multichain MPC bridge sees $100M+ outflows, sparking fears of exploit
Abnormally large outflows from the Multichain MPC bridge platform on July 6 have sparked fears that an exploit could be underway. Over $102 million worth of crypto has been withdrawn from Multichain’s Fantom bridge on the Ethereum side, as well as $666,000 from Dogechain and $5 million from Moonriver.Multichain likely hacked. Exit all multichain assets.…

Tornado Cash developer Alexey Pertsev leaves prison custody
The crypto community and privacy advocates worldwide have been closely following Alexey Pertsev’s legal battle and the Tornado Cash case.

New Apple rules double down on 30% NFT ‘tax’ and geo-limits exchanges
Apple has published rules for NFTs for the first time while clarifying rules around cryptocurrency payments and crypto exchanges. 312 Total views 3 Total shares Technology heavyweight Apple has clarified its App Store rules around nonfungible tokens (NFTs) and cryptocurrency exchanges marking the first time its codified specific rules for NFTs.The new rules confirm how…

Binance-owned Indian exchange WazirX investigated for alleged AML failings
India's Enforcement Directorate will probe crypto exchange WazirX for alleged violations of AML laws and FEMA, in connection with crypto transactions worth $389 million. 907 Total views 2 Total shares The well-known Indian crypto exchange WazirX, which Binance acquired in 2019, is under investigation for alleged violations of India's Foreign Exchange Act (FEMA). The probe…

First Bitcoin ETF trades $1.5B as GBTC ‘discount’ echoes $69K BTC price
Bitcoin (BTC) institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold.Data from resources including Bloomberg showed Bitcoin exchange-traded funds (ETFs) and others nearing record weekly inflows.BITO, GBTC trade $2.5 billion Hints that the U.S. might soon allow a Bitcoin spot price-based ETF have not only impacted

Aave (LEND) Staking Proposal Could Extend DeFi Token’s 600% Rally
Aave’s LEND token continues to rally after DeFi protocol introduced staking rewards in its Aavenomics proposal. On July 29 the price of Aave (LEND) surged 23% as the project released its tokenomics update proposal called Aavenomics. The upside move brought LEND’s market cap to $447 million and will surely have investors curious on whether the DeFi-related…