Blur Plunges 99%, Here’s What You Need to Know

• Blur is a non-fungible token (NFT) marketplace which has recently made waves in the crypto world. • It offers users the ability to purchase multiple NFTs from different marketplaces in one transaction, a unique feature that its competitors do not have. • Despite this, BLUR’s native token has plunged over 98% from its all-time […]

Cardano Rallies After Valentine Upgrade: $110 Million Locked Value

• Cardano’s Valentine upgrade is now live, pushing the token’s price up 5%. • The upgrade was aimed at improving security and interoperability. • The locked value of tokens on Cardano-based dApps increased over 100% since the start of the year to over $110 million. Cardano Releases Valentine Upgrade The Cardano (ADA) blockchain has released […]

3AC Founders Launch Open Exchange Amid Crypto Community Outrage

• The Three Arrows Capital (3AC) hedge fund has launched a new project in collaboration with Coinflex, called Open Exchange (OPNX). This is the world’s first public marketplace for trading in crypto claims and derivatives. • Despite the 3AC founders‘ attempts to rebuild trust after the project’s devastating collapse last year, many investors remain wary. […]

Binance Ends Wallet Services for WazirX, Dispute Follows

Summary: • Binance has stopped its wallet services for WazirX due to false claims made by Zanmai Labs, which manages WazirX. • A public argument sparked the end of the collaboration between two firms on Twitter regarding who holds authority over WazirX. • A recent proof of reserves report revealed that 90% of user assets […]

BIS Bulletin Outlines Solutions to Crypto Industry Risks

Bullet Points: • The Bank for International Settlements (BIS) has suggested possible solutions to the numerous risks of the crypto industry. • The BIS has outlined policy actions such as encouraging sound innovation with central bank digital currencies (CBDCs) to address the inefficiencies of traditional finance and limit global crypto adoption. • The authors of […]

China Court Rules Cryptocurrency Investments Not Legally Protected

• The Shanghai Qingpu court in China declared that investments in cryptocurrency-powered play-to-earn (P2E) games are not legally protected. • The Beijing First Intermediate People’s Court ruled in September 2022 that digital currencies can be protected by the law as virtual assets. • A 2022 global crypto adoption index chain analysis shows that China is […]