Babel Finance Lost $280 Million in Crypto, Using Customer Funds
Babel Finance was one of the four major crypto firms that went underwater during the 2022 crash. The other three are Celsius, Voyager, and Three Arrows Capital. Babel Finance halted…
Orbs & Polygon Announce Accelerator Program Participants
The DeFi development space is alive and well, with the newly announced accelerator program from Orbs & Polygon: DeFi.org. The group announced that four projects will get support from the…
FED Maintains 75-point Interest Hikes, Cryptos Move Up
As was expected, the FED opted for a 75-basis-point interest hike to gain control over inflation. The Federal Reserve (FED) announced it will increase interest rates by 75 basis points.…
Ethereum Classic Almost Triples, MATIC and UNI Surge as July Brings Relief to Crypto Market
Ethereum classic’s rally is consistent with its record of rallying around major Ethereum upgrades, one observer said.
US GDP Q2 2022 Declined By 0.9%: Recession Supports Crypto Prices
According to the Bureau of Economic Analysis released on Thursday, the U.S. Gross Domestic Product (GDP) declined by 0.9% in the second quarter. Consumer spending, the key factor that plays…
El Salvador still happy to be early on the bitcoin technology train
In spite of still being a fair way underwater on its Bitcoin bet, El Salvador is looking to the future for its citizens, understanding that new technology takes time to…
How Cryptocurrencies Are Changing The Music Industry
Blockchain and digital assets have become an opportunity for new companies to emerge in the music industry. Such companies promote profound change in the way artists and fans interact and…
El Salvador Still Benefitting From Big Bitcoin Bet Says Finance Minister
The finance minister of El Salvador has defended the country’s Bitcoin strategy, highlighting the benefits that it has provided. In an interview on July 27, Alejandro Zelaya said that the…