Celsius, a popular crypto lending platform, has allegedly submitted an application for Chapter 11 bankruptcy. This comes after the platform made headlines a few weeks ago for preventing its clients from withdrawing their assets. They blamed the decision to freeze clients' accounts on the poor market conditions at the time. ...
Read moreDetailsOpenSea is the latest cryptocurrency company to announce layoffs, with CEO Devin Finzer disclosing that around 20% of the workforce is being let go, in a tweet on July 15. In his Twitter thread, he disclosed the message he sent to his employees, where he stated that “an unprecedented combination ...
Read moreDetailsThe Paraguayan Senate has passed yet another law regulating the mining and trading of cryptocurrencies in the country. The Senate had previously approved the bill in December, but the Chamber of Deputies amended and approved it in May this year. Consequently, it was referred back to the House of Lords ...
Read moreDetailsThe governor of the Reserve Bank of Australia, the Australian Central Bank, Philip Lowe, believes that privately issued and regulated cryptocurrencies will improve the crypto ecosystem better than the Central Bank Digital Currency (CBDC). However, this will only work effectively if the risks are reduced through regulatory efforts. The Reserve ...
Read moreDetailsDecentralized finance (also known as DeFi) has grown exponentially due to the massive popularity of protocol yields. Governance tokens, which allow holders to participate in protocol development, are credited with fueling this "boom." These tokens are critical to the decentralization of DeFi systems. Yearn.finance launched $YFI in July 2020, capitalizing ...
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