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2022-08-29 10:15:06 Crypto Economy Slides Under $1 Trillion, as Bitcoin and Ethereum Dive Below Previous Support Zones

On Saturday, August 27, 2022, the global market capitalization of all the crypto assets in existence dropped under the $1 trillion mark and the leading crypto asset bitcoin slipped below the $20K region for the first time since mid-July. Digital currency markets this weekend are feeling the pain as the global cryptocurrency. That was after the crypto economy shed more than 6% the 24 hours prior. The crypto market’s major decline took place almost immediately after Fed chair Jerome Powell gave his speech at the annual Jackson Hole Economic Symposium on Friday.

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2022-08-29 02:50:06 NearPay Brings Virtual Crypto Cards And A Wallet For iOS As Well As Android Users

NearPay a crypto finance protocol has now launched virtual crypto cards and a wallet for iOS and Android users. NearPay is now made available on all platforms which include the Web, iOS and Android. The platform lets its users buy digital assets using credit cards or even through a bank transfer. The entire process of transacting has been made easier, as users can send, receive and exchange a digital asset without hassle. The finance protocol has attempted to bring a modern digital banking experience across the industry.

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2022-08-28 22:45:08 Mt.Gox Creditor Denies Fake Report About Imminent Release Of 140,000 BTC

Eric Wall, one of the creditors of the infamous crypto exchange Mt. Gox denied the report about an imminent distribution of 140,000 BTC. He said that the payout system has not been created yet, not even a choice of exchange on which affected investors will be able to receive their payouts is ready. As it stands, there are no final dates yet. According to rumors spread the day before, Mt. Gox was supposed to start Bitcoin compensations today, Aug. 28. Many were alarmed by the situation, viewing the rumor as a "black swan" for the cryptocurrency market.

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2022-08-28 15:05:09 Most Acala Services Still Offline Twelve Days After Attack

Acala is still attempting to restore operations more than a week after suffering an exploit that collapsed its stablecoin. The project said today that “many of the services have been paused… including XCM transfer out.” This means that cross-chain transfers between Acala and other Polkadot parachains are not currently available. Various other services are also non-functional. Users cannot transfer most tokens, use bridge services, mint the aUSD stablecoin, perform token swaps, use instant unstaking, or engage with the protocol’s various earn features. Only three services are operating normally.

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2022-08-28 10:01:01 Compound v3 “Comet” launched with support for single borrowing model

Compound users can only borrow USDC stablecoin by depositing approved collaterals into the v3 pool. Collateral deposits will not earn interest but can borrow more with less risk and lower gas fee. The third iteration of Compound called “Comet” will support single interest-bearing assets as the lending protocol undergoes a major upgrade. Compound has implemented a single-asset borrowing model, an upgrade from the pool-risk model. The new model allows users to borrow a single interest-earning asset starting with USDC. Users are allowed to borrow USDC using ETH, wBTC, LINK, and UNI.

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2022-08-28 03:20:03 Cardano Founder Charles Hoskinson says the Vasil Hard Fork is set for September

The Ethereum Merge may be right around the corner—but so is Cardano’s Vasil hard fork. Cardano is a peer-reviewed proof-of-stake blockchain which supports smart contracts and NFTs, and aims to solve global challenges surrounding identity management. Its token ADA is the No. 8 cryptocurrency by market cap, according to CoinMarketCap data. In a livestream on Friday, Cardano founder Charles Hoskinson shared a brief update on the Vasil hard fork, named after a Cardano evangelist and mathematician, Vasil Dabov, who recently died.

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2022-08-27 23:00:35 Coinbase Will Consider Listing Ethereum Forks Following Merge

With Ethereum’s long-anticipated merge just around the corner, crypto exchanges are now having to decide whether to support a controversial attempt to resist the transition. Coinbase will consider listing forked, proof-of-work versions of Ethereum as they arise post-merge, the company announced in a blog post. The company had previously been mum on the subject of supporting forked Ethereum tokens, and has been vocal in its support for the new, proof-of-stake model of Ethereum set to be created by next month’s merge. That new, staked Ethereum is what will power the upgraded, more energy-efficient proof-of-stake network.

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2022-08-27 18:01:44 SEC Delayes Decision on VanEck’s Latest Bitcoin ETF Application

VanEck would have to wait for nearly two months to see if the SEC would reject or approve its newest Bitcoin ETF application. Global investment manager VanEck has once again been made to wait longer for the U.S. Securities and Exchange Commission (SEC) to decide on the company’s latest Bitcoin exchange-traded product (ETF) application. According to the document, the Commission did not get any comment or feedback on the company’s application since calling for comments on July 13, 2022.

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2022-08-27 14:09:02 Lucky Block V2 to be listed on Gate.io The 5th Ranked Exchange on CoinGecko and CoinMarketCap

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2022-08-27 12:25:06 FTX Ventures Will Not Merge With Alameda Research, SBF Says

Sam Bankman-Fried said the speculation that FTX Ventures and Alameda Research will unite is a “big misrepresentation.” The CEO of the cryptocurrency exchange FTX – Sam Bankman-Fried – said the venture capital arm of his company (FTX Ventures) will not merge with the principal trading firm Alameda Research. Bloomberg reported recently that FTX Ventures will absorb the operations of Alameda Research, both of which entities were founded by SBF.

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