DeFi tokens SUSHI, SNX, UNI emerge as winners after China’s crypto crackdownThe global crypto market cap is $2.13 trillion with a 24-hour volume of $98.27 billion. The price of Bitcoin is $47,838.64 and the BTC dominance is at 42.3%.
by Oluwapelumi Adejumo A little over a week ago, China renewed its hostilities towards the crypto industry as it declared all crypto transactions within its jurisdiction “illegal.” This new regulation, while it has had some negative impacts on the price of the leading digital asset, Bitcoin, alongside other cryptocurrencies in the market, the winners in the current shakedown […]
More news ⏬TikTok uses Ethereum layer-2 solution to drop its first NFTs collectionTikTok teams up with Immutable X to bring its users NFTs. Ripple jumps on the NFT bandwagon, launches $250 million ‘Creator Fund’Ripple has recently announced the launching of a $250 million ‘Creator Fund’ aimed at exploring new use cases for non-fungible tokens (NFTs) on the XRP Ledger (XRPL). The boss of NatWest Bank tells crypto users to abandon all hopeEconomist and Chair of the NatWest Group Sir Howard Davies said he’s “very hostile” towards crypto. Komodo launches on-chain bridge between Ethereum and Binance Smart ChainAtomic swaps tool Komodo has released a new version of AtomicDEX, a non-custodial multi-coin wallet and atomic swap-powered DEX rolled into one app, featuring the industry’s first non-custodial, AMM-free 1:1 bridge. vsKSM (Kusama) farming is live on Bifrost. Here’s how to get startedBifrost users can now earn vsKSM tokens on the DeFi protocol to earn yields and generate revenues on their staked assets, CryptoSlate learned in a release shared today. Solana NFT “Iconics” defrauds people of $130,000 in SOLSolana-based NFT project Iconics appears to have pulled off a rug pull, defrauding unsuspecting investors of over $130,000. CryptoPunks as collateral? How Chainlink and JPEG’d are doing just thatChainlink price feeds would be used to power DeFi services on JPEG’d, a lending protocol that enables NFT holders an opportunity to obtain credit on their assets while still retaining ownership of them. Why is SEC Chairman Gary Gensler playing hardball with crypto?In between the doom and gloom, there are indicators pointing to this new regulatory reality as a potential setup for digital asset laws down the line. How the tiniest of errors resulted in an $80 million loss for Compound FinanceCompound Finance rolled out Proposal #62 on Wednesday to implement “Dynamic COMP reward distribution,” and patch a number of minor bugs. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. 🔥 Trending Sectors
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