DeFi Tokens Avoid Sideways Trading as Lido and Synthetix Rocket
DeFi tokens Lido, Synthetix have posted substantial gains in the last 24 hours amid mixed market movements.
San Fran Based Crypto Company Called Nomad Gets Hit by $190 Million Hack
Blockchain researchers have confirmed that a $190 million theft has occurred at U.S. crypto company Nomad. This is the latest such theft to hit the digital asset industry this year.
Popular Trading Platform Robinhood to Lay off Over 20% of Staff After Announcing Q2 Losses
Online retail broker blamed the economy, resulting in a drop in user numbers and net revenues that fell 44% year on year. However, revenue from crypto increased moderately this quarter.
Shiba Eternity – The New Collectible Card Game (CCG) by Shiba Inu
Meme coin Shiba Inu is a crypto market surprise because of its ability to keep going through difficult times. Many expected that the coin would crash and burn following its record-breaking year.
CoinShares Reports in Q2 Earnings a Loss Due to Terra (UST) Exposure
CoinShares reported a 128% drop in adjusted EBITDA for the second quarter. The losses reported by the firm from TerraUSD (UST exposure) were barely more than $21 million.
ApeCoin and Euro Coin Have Been Added to Bitpay Including Payments for Fashion Corp Gucci
Bitpay, an Atlanta-based crypto payment service provider, announced on August 2 that it had added two crypto assets to its support.
The Community Behind Waves Have Voted to Payback $500 Million of DeFi Funds Lost After Depegging
Waves has approved its “DeFi Revival Plan” and is now looking to recover funds lost due to the depegging its stablecoin.
If Beijing Declares War on Taiwan It Will Lead to a Global Recession
The global economy is still in a bleak state and the war in Ukraine is ongoing, but there has been significant tension between China’s and Taiwan. Nancy Pelosi (the American representative from California) plans to visit Taiwan this coming week.
Helium Announces A Much Harder Partnership Process as Lime and Salesforce Deny Collab
After a couple of major names pushing back, the creators of the crypto-powered wireless networking network claim they are rethinking how to market partner brands.
Hackers Use Pakistani Politicians Instagram Account to Promote Crypto Scam
Imran Khan is a former Prime Minister of Pakistan and the current Chairman of one of the biggest political parties in Pakistan. He confirmed that his Instagram account had been compromised by hackers and used it to promote a scam involving cryptocurrency giveaways.
