Developers known as the “Six Samurai” are working to revive the struggling Terra Classic blockchain ecosystem. The Terra ecosystem collapsed in May 2022, leading to the formation of a new blockchain called Phoenix. However, the old blockchain, now referred to as the “Classic”…
The content discusses the concept of airdrops in the cryptocurrency world, which are seen as a form of free money. The author highlights recent airdrops with significant rewards, such as Aptos, Arbitrum, and Optimism. These airdrops have only covered a fraction of the…
Concordex, the first decentralized exchange (DEX) built on the Concordium blockchain, has officially launched on the mainnet. The platform aims to bring institutional-grade decentralized finance (DeFi) trading tools to the Concordium ecosystem. During its testnet phase, Concordex saw 867 users open 3,695 liquidity…
OKX, the second-largest crypto exchange, has launched a new feature called ‘Nitro Spreads’ on its institutional Liquid Marketplace. This feature allows traders to execute complex basis trades with just one click. Basis trading involves trading the price difference between an asset on two…
Decentralized finance (DeFi) projects have experienced significant growth in the past week, surpassing the bullish price action of Bitcoin. However, some of these altcoins started to retrace on Monday. Aave, a lending and borrowing DeFi protocol, has seen a 27% increase in the…
Cryptocurrency analysts from Coinidol.com have reported that the price of Litecoin (LTC) has been steadily rising since June 15. The altcoin reached a high of $93.88 before experiencing a drop, but it has since retreated above the moving average lines. Currently priced at…
Robinhood, the crypto and equities brokerage firm, has laid off around 7% of its workforce, which amounts to approximately 150 employees. This move comes as the company faces declining trading activity and a less enthusiastic user base compared to the meme stock frenzy…
Circle, a crypto firm known for its stablecoin USDC, is eyeing Asia as a potential market for expansion. CEO Jeremey Allaire mentioned that the company is closely monitoring regulatory developments in Hong Kong, where new rules for crypto exchanges came into effect on…
Mizuho, one of Japan’s largest banks, will allow 45,000 employees to test OpenAI’s artificial intelligence tools. This move is significant for both the banking and AI industries. The employees from Mizuho’s core lending unit will have access to the tool through Azure OpenAI,…