• Sharky Fi announced that it may temporarily disable foreclosures for loans “at a loss” for borrowers. • The move comes in response to the Solana network outage and is intended to give borrowers more time to pay back their loans. • A Twitter user accused Sharky Fi of not treating lenders and borrowers equally,…
• Binance has discontinued its wallet support for WazirX, an Indian cryptocurrency platform, due to false claims made by Zanmai Labs. • Binance has set a deadline of Feb. 3rd 2023 at 11:59 UTC for Zanmai Labs to retrieve the funds used for WazirX’s operations. • WazirX recently revealed in a proof of reserves report…
• IOTA, a cryptocurrency start-up leveraging blockchain technology and IoT (Internet of Things), has been chosen to take part in the next stage of testing and development for an initiative that aims to enhance pan-European blockchain services through a distributed ledger system. • The project, known as European Blockchain Pre-Commercial Procurement (PCP), seeks to investigate…
– Australia’s Financial Services Minister Stephen Jones believes that certain crypto assets should be regulated as financial products to protect consumers from future collapses. – The government is set to conduct a token mapping exercise to enable it to formulate a proper digital assets regulatory framework. – Jones believes that there is no point in…
• Ethereum stakers are rewarded with an APR of 7.5%. • The APR is mainly derived from network issuance, tips, and MEV estimates. • Over $25.2 billion of ETH is currently locked on the Beacon Chain. On January 16th, 2021, data on Ethereum showed that those staking their coins are earning an annual return of…
• Radix DLT has released concept images of its web3 wallet to enhance user experience in DeFi. • The wallet will offer better levels of security than traditional finance due to the integration of web3. • Last year, billions of user funds were stolen from DeFi dApps, resulting in reputation damage. Radix DLT, a DeFi-centric…
• Magic Eden, an NFT exchange, experienced an influx of inappropriate images due to a third-party image hosting service being compromised. • The company assured customers that their NFTs were safe, and instructed them to do a hard refresh on their browsers to fix the issue. • Magic Eden is the third biggest NFT marketplace…
– Crypto firm Wyre is shutting down operations in the first quarter of 2023. – This follows a broad market slump and crumpling of cryptocurrencies in 2022, leading to layoffs at the end of the last year. – Wyre’s CEO Ioannis Giannaros has confirmed they are still operating but will be scaling back to plan…