BAXUS Raises $5 Million in Funding to Expand Web3 Spirits Marketplace
BAXUS, a global marketplace for collectible spirits, has completed a seed funding round to enhance its web3-enabled trading platform. According to a press release shared with Cryptonews.com, the $5 million funding round was led by Multicoin Capital, with significant contribution from
Is Arweave Going to Zero? AR Price Drops 18.7%, While Traders Are Accumulating This New GambleFi Token
The token for storage coin project Arweave (AR) has shed 18.7% overnight, taking some of the heaviest losses amidst a market-wide crash that has dragged market leader Bitcoin‘s (BTC) price down by 7%. Arweave currently trades at a price of $27.76,
Pike Finance Exploit Leads to $1.6M in Stolen Cryptocurrency
Decentralized finance (DeFi) lending protocol Pike Finance smart contract vulnerability led to $1.6 million in stolen funds over three days. On April 30, Pike Finance suffered a $1.68 million exploit across the Ethereum, Arbitrum, and Optimism chains. This came to light
FTX Mania Is On With SBF Token Pumping 84% and Analysts Say This Other Coin is Next
Sam Bankman Fried-themed Solana meme coin, SBF token, has exploded in an FTX inspired rally, and now SBF price is giving way to this other viral crypto coin. This article will provide an analysis of SBF’s current price trends and look
Stablecoin Legislation Unlikely To Be Tacked To FAA Reauthorization, Democratic Aide Reveals
Proposed stablecoin legislation is unlikely to be tacked onto the must-pass Federal Aviation Administration’s (FAA) reauthorization bill despite attempts by Representatives Maxine Waters and Patrick McHenry, a Democratic aide on Capitol Hill revealed Tuesday. Stablecoin Legislation Merger With FAA Reauthorization Unlikely Speaking
Biden Administration’s Major Step in Student Loan Relief
Biden Administration’s Major Step in Student Loan Relief $6.1 Billion Approved: Nearly 317,000 borrowers of the Art Institute benefit from debt relief for the period between January 2004 and October 2017. Misleading Practices Exposed: Art Institutes and Education Management Corporation accused of
What Is Decentralized Finance (DeFi)?
What Is Decentralized Finance (DeFi)? Decentralized finance (DeFi) represents a transformative shift in the financial sector, leveraging the power of secure distributed ledgers akin to those employed by cryptocurrencies. It challenges the traditional, centralized systems governed by entities like the U.S.
Gold Dips to $2,285 Amid Fed Rate Hike Anticipation
Gold Dips to $2,285 Amid Fed Rate Hike Anticipation Gold Prices Drop: Spot gold fell to $2,285.19, dipping below the critical $2,300 level amid hawkish Fed expectations. Fed’s Influence: Anticipation of continued high-interest rates decreases gold’s attractiveness, impacting its price. Broader Commodities Impact:
Shiba’s Exchange Balances Drop: 6 Trillion SHIB Withdrawn
Shiba’s Exchange Balances Drop: 6 Trillion SHIB Withdrawn Exchange Balance Drop: SHIB tokens on exchanges decreased from 146.67 to 140.66 trillion, potentially easing selling pressure. Market Value Decline: Despite the reduced exchange balance, SHIB’s value fell by 25.34% over 30 days amidst
South Africa’s Largest Crypto Exchange VALR Expands to Poland, Eyes Global Growth
VALR, the largest cryptocurrency exchange in South Africa, is set to offer its crypto asset services in Poland and is actively exploring opportunities in other jurisdictions worldwide. The exchange aims to challenge some of the global crypto giants, CEO Farzam Ehsani said