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Fund Manager Matt Hougan Says Next Crypto Bull Run will Surpass All Previous Records

Cryptocurrency markets took a back seat for a while, but the market is ready for another massive comeback. To this end, the CIO of Bitwise Asset Management, Matt Hougan, has shared his optimism. He recently told the media that the upcoming bull run in the cryptocurrency market is going to be notorious and surpass all … Read more

IMF Executive Board Declares Bitcoin as Legal Tender

There has been some noise on the matter of adopting cryptocurrencies as legal tender since the elevation of Bitcoin in El Salvador. IMF, which has been known to issue loans to the country, has been critical of the idea and has dismissed the step as a silly experiment. Recently, the board of IMF has ruled … Read more

Eclipse is Launching the Solana-based Layer2 Project for Polygon

Eclipse is a DeFi development company that specializes in the development of Layer2 blockchain projects. The firm has recently announced the production of a new project that is created for Polygon SVM. According to the statement issued by Eclipse devs, the project is also designed to be compatible with the Solana blockchain. This new project … Read more

ZkSync is Now Open for Registered DeFi Projects on the Ethereum Blockchain, While the Mainnet Remains Inaccessible

ZkSync is a scaling solution built on the Ethereum network. The project has completed its next version, called fair onboarding alpha. This upgrade has allowed the registered projects hosted on the Ethereum blockchain to deploy on the mainnet. The developers of the project have renamed it from ZKSync 2.0 to zkSync Era. This scaling solution … Read more

Polygon Proposes a Hardfork to Reduce Gas Fee Spikes

Polygon blockchain developers have recently proposed a hard fork upgrade according to the latest updates. The proposal has been issued by the developers that are associated with Polygon Labs. The PoS blockchain has decided to go for this solution to address the issues like reorgs and the inflation of gas fees. It is important to … Read more

Crypto Lending Platform AAVE Freezes Lending Markets for 17 Ethereum-based Tokens to Mitigate Risks

AAVE is a decentralized trading protocol that has temporarily frozen the services for around 17 Ethereum-based tokens. The move has been taken to prevent losses from bad debts that can impact the stability of the decentralized protocol. It is important to note that AAVE is one of the largest cryptocurrency lending platforms operating on the … Read more

Charles Hoskinson Says Cryptocurrencies Cannot Exist Outside of the Decentralized Sector

Charles Hoskins was responding to the Q&A session during the 2022 Web Summit recently. During the session, he claimed that Decentralized Identification or DID is a critical component of the decentralized sector. He claimed that DIDs make sure that the users in a DeFi setup are verified and compliant without exposing their personal identification. He … Read more

Proximity Labs Rolls Out $10 Million Developer Fund for DEX

Proximity Labs is a DeFi research and development firm on the NEAR blockchain. The other three DEX networks from NEAR, namely Spin, Tonic, and Orderly network have all been banned together for a singular task. The new announcement reveals that all these projects have collected $10 million in funds for incentivizing developers. The fund is … Read more

Hackers Steal $42 Million Worth of Crypto from Fenbushi Capital

Bo Shen is the founding personality behind Fenbushi Capital. The company has recently reported that its official digital wallet was hacked and subjected to theft. The estimated value of the stolen cryptocurrency is estimated somewhere around $42 million. The portfolio was based on a wide array of crypto assets. As per the official report, the … Read more

Coinbase’s Brian Armstrong and Binance’s Changpeng Zhao Endorse the Idea Shared by Ethereum Co-founder Regarding Crypto Exchanges

The co-founder of Ethereum is known for establishing core ideas for DeFi sector development, such as the Trilemma of Blockchain and Proof-of-Reserve. The cascading impact of FTX’s demise has opened a sinkhole of panic and fear in the cryptocurrency market. To this end, the DeFi sector bigwigs have come forward to form a united front … Read more