Business

Aug 1, 2022

Binance lost 90% of customers after implementing KYC

Employees said that because of the implementation of the verification procedure, the exchange lost billions of dollars

Aug 1, 2022

Aave DAO approves the launch of decentralized stablecoin GHO

The new asset will be launched after a full security audit

Jul 31, 2022

CoinFLEX Exchange cuts its staff to optimize costs

Representatives of the platform noted that the dismissal of part of its staff and the reduction of costs, not related to it, will reduce costs by about 50-60%

Jul 30, 2022

Ex-Voyager executive offers alternative restructuring plan

According to the new proposal, the company needs to stop all credit operations, integrate real-time trading, and issue a recovery token

Jul 30, 2022

Binance CEO cites high inflation and fear of recession as incentives for bitcoin adoption

According to Changpeng Zhao, the fall of the first cryptocurrency was triggered by the collapse of Terra and the sale of Tesla assets

Jul 29, 2022

Babel Finance lost $280 million trading with customer funds

The company lost about 8 000 BTC and 56 000 ETH in June, facing liquidations due to a significant downturn in the market

Jul 29, 2022

Harmony network’s community rejects compensation plan for hacking

The project’s founder Stephen Tse promised that the developers would revise the proposal based on user feedback

Jul 29, 2022

Mercedes-Benz Group partners with Polygon

The automobile concern will launch its own corporate service for data exchange

Jul 28, 2022

Nirvana DeFi protocol’s stablecoin crashes by 90% in an exploit

The attackers withdrew $3,5 million by manipulating the price oracle and inflating the value of the project’s tokens, ANA

Jul 27, 2022

ARK Invest sells $75 million worth of Coinbase crypto exchange shares

On July 26, trading closed at $52,9, COIN lost 21% of its value amid a sell-off and SEC investigation

Jul 27, 2022

Mirror platform launches crypto wallet subscriptions

The project team called the new feature “Web 3.0 subscriptions”

Jul 27, 2022

AntPool invests $10 million in the Ethereum Classic ecosystem

The money will go toward developing and researching applications on the network, as well as improving its performance

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