Blockdaemon Review – A Platform Targeting Scalability Through Crypto Staking Solutions

Complex networks across various clouds and data centers are manageable without the need for expensive and time-consuming overhead with Blockdaemon. The next step in blockchain innovation is Proof-of-Stake (PoS). PoS provides the same security assurances as Bitcoin and other Proof-of-Work (PoW) networks at a fraction of the energy cost. Blockdaemon is a popular choice for anyone wishing to merge the benefits of modern staking with scalability possibilities. Our guide will provide more details on this system, highlighting the critical features…

Discovering the 0x Protocol Exchange – A Guide for Beginners in Crypto

Through its worldwide DeFi system, blockchain technology provides many people with the possibility to achieve financial freedom. Many assets can have their tokenized versions online, thanks to DeFi protocols. For the 0x protocol, building a tokenized world and unlocking its value are top priorities. Our guide will illustrate how 0x works by looking into its key components. About 0x In order to facilitate decentralized token trading on the Ethereum Blockchain, 0x entered the market as an open-source protocol. Seamlessly and…

Three Arrows Capital (3AC) Ghosts Partner Companies as Insolvency Rumors Swell

Three Arrows Capital (3AC), one of the largest crypto venture capital firms, has reportedly stopped communicating with multiple partners for which it manages money. This comes amid growing rumors that the company is insolvent, hastily paying off debts similar to Celsius. Silence From 3AC The first partner to speak out was Danny Yuan, Head of Trading at crypto market maker 8 Blocks Capital. In a Twitter thread on Wednesday, he explained that 3AC had breached an agreement with his firm…

$POODL Token – The Once-Abandoned Meme Coin Aiming for DeFi Glory

If you were familiar with the meme-coin craze, you have likely heard of POODL. It is one of the oldest meme coins in the market whose story is rather impressive. Like many other meme coins, a developer created POODL, then did a pump-and-dump scheme on the initial token holders. Attempted to run away with the profits but the community rescued the token. The community behind this project believed in its potential and took action to revive it. From forming an…

Celsius Suspends Withdrawals Due To Extreme Market Conditions

Celsius Network, a decentralized finance (DeFi) lending giant, has halted withdrawals, swaps, and transfers between accounts. The company announced this news earlier today through a blog post. Celsius said it paused the above services due to extreme market conditions. Through this course of action, Celsius hopes to place itself in a better position to honor its withdrawal obligations. The company claims this move is intended to benefit the entire Celsius community. Specifically, Celsius alleged that pausing withdrawals, swaps, and transfers…

A Beginner’s Guide to the Impermanent Loss Phenomenon

Decentralized finance, or DeFi, presents several hazards to investors. Impermanent loss is a significant concern when dealing with this growing market. This guide will explore the meaning of impermanent loss concerning the liquidity pool. Moreover, the guide will also discuss how to calculate the difference and reduce the risk of this phenomenon. Grasping the Notion of Impermanent Loss There is a high probability of impermanent loss in every given situation. A net difference in the value of two tokens in…

DeFi and DAOs Under Scrutiny as New US Bills Emerge

A leaked draft bill from the United States began to spread earlier on Twitter today, drawing the attention of several crypto influencers. The crypto-related proposal looks to advocate a much more stringent regulatory environment for the blockchain industry. Possible Blow to the Crypto Industry The leaked draft suggests precise restrictions to put the developing crypto space in line with the law. The draft, now circulating on Twitter, focuses on various crypto entities, such as decentralized finance (DeFi), decentralized autonomous organizations…

Over $2 Million Drained From Terra’s Mirror Protocol in New Exploit

Another DeFi exploit has drained over $2 million in crypto from a protocol on Terra Classic, shortly after its historic collapse. If the developers wouldn't have fixed it quickly, the hackers could have stolen far more money. The governance participant “Mirroruser” of the Terra Research Forum was the first to discover the exploit on Monday. He noted that the attack drained all the pools bridging to Bitcoin, Ethereum, and Polkadot. “All other pools will get drained as soon as new…

Marhaba DeFi Network Introduces Halal Certification for NFTs

A strategy to penetrate the $3 trillion Islamic market. Marhaba (MRHB), a Muslim-centered DeFi platform, is launching the world’s first Sharia-backed NFTs certification.  The system involves a process where NFTs projects will be submitted to a Sharia administrative board. This panel will review the artwork’s compliance with Sharia Modesty and ethical code. Halal NFTs receive a Blockchain minted certificate curated by Sharia Experts LTD, an Islamic advisory platform for web3 projects.  Mohammed Naquib, the founder of Marhaba, explained how the…

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