NFT Holder Borrows $1.3 Million in Ethereum Using Mutant Ape Collectibles as Collateral

The borrowing against valuable NFTs as collateral has seen steady growth this year. The recent development involves Fragment, a Mutant Ape Yacht Club NFT holder who borrowed about 1,000 ETH valued at over $1.3M using a pair of the said NFTs as collateral. Gabe Frank, CEO of Arcade, the lending DeFi that facilitated the loan, […]

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Bitcoin (BTC): Are Retailers, HODLers at Crossroads Over Future Growth?

The crypto analytics firm Glassnode revealed that Bitcoin’s CCD (Coin Days Destroyed) hit all-time lows on September 26. That showed long-term held their supply despite BTC bearish movement. That shows Bitcoin long-term HODLers have renewed hope in the leading crypto. Moreover, that indicates bullish expectations in the upcoming times. Tokens over three months old contributed […]

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Ethereum (ETH): Investors Going Long Should Beware of These Q3 Stats

The new report by a crypto research platform, Messari, evaluated Ethereum’s performance in the 3rd quarter of 2022. The State of ETH Q3 2022 report discovered that the blockchain saw a surge in network activity in the third quarter. Nevertheless, the platform also noted some sectoral plummets and endured a general dip in revenue because […]

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Rivalry Unfolds Between Ethereum Merge Hard Forks’ Proof-of-Work Projects

The Ethereum transition to ETHPoS saw the blockchain do away with miners. However, the future of the miners that chose to maintain Proof-of-Work has several uncertainties. Led by Chinese miner Chandler Guo, they created a post-merge ETHPOW and ETHW. The hard fork had a rocky start, but it’s now running. At the time of writing, […]

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Maker Increases Staked Ethereum Limit to Minimize USDC Dependence

Maker, the issuer of DAI stablecoin, has nearly doubled the limit on its staked Ethereum vault. The DeFi protocol is planning to stop its dependence on centralized stablecoin like USDC. The recent Tornado Cash scandal has fueled the plan. Staked Ethereum represents one unit of ETH that has been locked up or deposited in expectation […]

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Bitcoin (BTC): 2023 Halving and All Recent Things to Know

Bitcoin (BTC) has hit the limelight once more. That comes after the leading crypto recorded impressive gains within the past week. BTC surged over 12% during the timeframe. The intriguing info about Bitcoin halving emerged amidst the talks about the next bullish run. The 4th Bitcoin halving will happen sooner than the initial plan of […]

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Arbitrum: All Latest Things to Know, Featuring Growing Network Activity

Arbitrum, an Ethereum Layer2 solution, looks to regain its lost charm in the cryptocurrency space. The roll-up solution will undergo a massive Nitro upgrade next week. Meanwhile, Arbitrum witnessed an enormous surge in daily transactions, crossing 180,000 this week. Indeed, Arbitrum appears healthy compared to its rival, Optimism. Arbitrum’s organic growth saw it maintaining a […]

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Axie Infinity’s Newly Launched Origin Season 0 Comes Amid High Expectations

Axie Infinity has doubled up on its products with the recent release of Origin Season 0. The new development signals the move to the third stage of the platform’s play-to-earn games. However, the recent market rout experienced by the digital asset industry has significantly impacted Axie Infinity. After the release of the most recent game, […]

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Crypto Lobbyists Warns EU Against Stablecoin Ban

A group of cryptocurrency lobbyists has forwarded a warning letter to the European Union commission to stop its MiCA bill from banning stablecoins. The crypto group stated that the MiCA proposal might have a devastating effect on the cryptocurrency markets if pushed.   A few days ago, there were reports that EU members were debating a […]

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Binance Recovers Over 80% Of Funds Stolen From Curve Finance 

According to reports, Binance, a famous cryptocurrency exchange, has recovered a large chunk of the assets stolen in the latest Curve Finance breach. About $450,000 have been frozen and reclaimed by the firm. Changpeng Zhao, the CEO of Binance, confirmed the news on his Twitter account. This means that approximately 80% of the plundered funds […]

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