General Manager at the Solana Foundation, Johnny B. Lee, has stated the funds are primarily intended for Solana-based projects in the country. Solana Ventures and Solana Foundation have set aside fund...
Category: Tech
Live Tech News Updates.
NYDIG Paper Claims Algorithmic Stablecoins Are Impossible And DeFi Too Risky
In “On Impossible Things Before Breakfast,” NYDIG uses the Terra/ LUNA collapse as a case study. The paper aims to prove that the algorithmic stablecoin concept is flawed in nature. It also takes aim ...
Rising RSI Slope Encourages $1.52 Breakout
Published 9 hours ago The widespread uncertainty in the crypto market has bounded the THETA price action within the $1.52 and $1 mark. Therefore, the interested need to be patient in this no-trading z...
Attackers drain $5 million from Osmosis; FireStake Validator admits to exploiting LP bug
? Want to work with us? CryptoSlate is hiring for a handful of positions! On June 7, someone posted a Reddit thread that was later deleted by the forum’s moderator. The thread contained a serious clai...
Oasis’ EVODeFi Bridge May Be Missing $66M in Funds
Key Takeaways EVODeFi, a bridge in the Oasis Protocol ecosystem, may be $66 million short of funds. EVODeFi responded to the turmoil by pausing the bridge on June 7. The Oasis Foundation has issued a ...
Chainlink Hits Four-Week High Following Updated Staking Roadmap Release
The price of LINK, the token underpinning the decentralized oracle network Chainlink, has soared to a daily high of $8.86 on Wednesday, a level last seen on May 10. Though a minor correction has broug...
Gala’s Web3 Game Grit Accessible to Epic Games Store’s 194M+ Players
Gala Games, a pioneer in web3 entertainment, announced today that it continues to lead the way for blockchain games by publishing its titles on the Epic Games Store. With Epic Games Store’s more than ...
USDC added to Polygon to improve user experience
Circle, the issuer of the second-largest stablecoin USDC, has announced support for the Polygon layer-two network. The fintech company said that the USDC stablecoin would be added to MATIC to advance ...
MyFunding.Network: How This Trading dApp is Soaring in Popularity on the Market
MyFunding.Network is a decentralized automated crypto trading application taking the whole market by storm. From the moment of its release, something about the platform attracted a significant amount ...
The journey towards Web3 security infrastructure: An interview with Go+ Security founder Mike
Blockchain presents a grand narrative. Yet, recurring, severe security incidents are like the stains on an otherwise beautiful painting. It turns the blockchain world into a forest of darkness, causin...
Will El Salvador Default on Its Sovereign Debt in 2023?
More speculatively, El Salvador might be able to secure some financing from large players in the crypto space, the so-called “whales” who want to keep the idea of “nation-state bitcoin adoption&...
Coinbase Creates Directory for Revoked Hires to Connect Them with Future Opportunities
The move comes only one week after Coinbase communicated its intentions to rescind a few accepted job offers in light of the prevailing difficulty in the crypto market and the challenges the industry ...
Terra Anchor Developer Says Do Kwon Deliberately Raised Interest From 3.6% to 20% A Week Before Launch
– Advertisement – More revelations have continued to emerge about what led to the collapse of TerraUSD (UST), the stable coin linked to TerraForm Labs. According to a recent report publis...
Custodia Bank sues the Fed- The Cryptonomist
Custodia has sued the Fed’s Board of Governors and the Federal Reserve Bank of Kansas City, accusing them of “illegally” delaying the opening of an account by 19 months. Custodia, the bank for digital...
DEFC Makes Impressive Moves but Battles the Resistance at $0.3269
Defi Coin Price Forecast: June 8After June 1 price slump, DEFC declined to the low of $0.2957 as it battles the resistance at $0.3269. The cryptocurrency has regained bullish momentum as it reaches th...
This Is How The Lawsuit Could Find An End
The Ripple and SEC case has recently been rather quiet. Social media interest in the issue stays strong, but there are some real advancements. Eventually, Ripple Labs was successful in having the SEC’...
Viva Entertainment Group Announces Collaboration With BOXA Token To Introduce New Form Of Payment For Its Event Packages
Advertisement     VIVA Entertainment Group, Inc. (OTTV) is a bundled subscription distributor of Over-The-Top (OTT) IPTV content and a worldwide entertainment and tech...
Osmosis Network Halted by Team; Here’s What Happened
Vladislav Sopov About $5 million of Osmosis DEX had been drained before emergency shutdown Contents Osmosis DEX bug alllowed to withdraw deposits with 3x premium Patch released, new system testing und...
Prominent South Korean Exchanges Delists Litecoin (LTC)
5 hours ago | 2 mins read Exchange News Major South Korean exchanges delist Litecoin (LTC). Major concern towards the privacy features of the new MWEB upgrade. South Korea is extremely stringent towar...
NY stablecoin issuers Gemini, Paxos have to ensure 100% reserves daily under new guidelines
? Want to work with us? CryptoSlate is hiring for a handful of positions! The NY Department of Financial Services (DFS), which oversees regulated crypto companies in the state, on June 8 released form...
New York’s NYDFS Issues Guidance on Stablecoins
Key Takeaways The New York Department of Financial Services has published guidance for companies in the state that issue stablecoins. The guidelines describe acceptable backing assets, redemption time...
DeFi Protocol Osmosis Halted After $5 Million Theft
The Osmosis (OSMO) chain has been halted after a “critical bug” that may have led to the theft of $5 million from the decentralized finance (DeFi) protocol’s liquidity pools. Core developers and netwo...
May was the month of gold- The Cryptonomist
Investors took advantage of the favourable situation to increase their exposure to gold, according to data from Spectrum Market. The SERIX, or the Spectrum European Retail Investor Index, is a 100-bas...
Solana Ventures Set Up $100M Fund For South Korean Startups
The $100 million investment and grant fund has been launched to fund Web3 startups in South Korea, primarily those involved in DeFi and GameFi. Solana Continues Expansion The fund has been establish...
Regulador cripto de Nueva York publicó una guía formal para los emisores de stablecoins
De acuerdo con la guía del NYDFS, las stablecoins, cuyo valor está destinado a vincularse con el dólar estadounidense u otros activos, deben estar respaldadas por una reserva compuesta por letras del ...
Litecoin (LTC) Gets Delisted from Biggest South Korean Exchanges
Gamza Khanzadaev Biggest South Korean exchanges decided to terminate Litecoin (LTC) operations Today, June 8, it became known that major South Korean cryptocurrency exchanges such as Upbit and Bithumb...
Shiba Inu Governance Token ‘Bone’ Up 10% As Singapore-Based Exchange Adds 333K Coins To Its 10M Bone Reserves
– Advertisement – Bone up 10% as exchange adds more Bone. Singapore-Based Exchange, MEXC Global Loaded Up 333,113 Bone ShibaSwap (BONE) In the Last 24 Hours and Now Holds Whopping 10.3...
Cardano Treasury Holds 500M USD Worth ADA
6 hours ago | 2 mins read Altcoin News Cardano treasure holds 900M ADA and spent 27M on Project Catalyst. The price of ADA is $0.6478 with 10% growth at present. The Cardano treasury has confirmed tha...
Solana Rolls Out $100M Investment Fund for South Korean Web3 Startups
Solana Ventures and the Solana Foundation have launched a $100 million investment and grant fund to bolster the growth of South Korean web3 startups building on the Solana ecosystem, a report revealed...
Discover Futuristic Opportunities of Toncoin on 1xBit
With the latest upgrade on its database, you can use Toncoin as a payment method on 1xBit. Toncoin, one of the few established cryptocurrencies, has proven itself a remarkable asset – a blockchain pl...