Abracadabra proposes hiking loan interest rate by 200% to manage Curve risk
Abracadabra Money, a cross-chain lending platform, has proposed increasing the interest rate on its outstanding loans to manage risks associated with its exposure to Curve DAO (CRV)....
Ether ETFs pending — Grayscale, VanEck and others file SEC applications
Six major asset managers, including Grayscale and VanEck, have filed fresh applications in a bid to launch Ether (ETH) futures exchange-traded funds (ETF) to United States customers.Separate...
Kenya suspends Worldcoin activities after nearly half a million sign-ups
The registration exercise for Worldcoin in Kenya took place at the Kenyatta International Convention Centre. Registered users are entitled to 25 free Worldcoin tokens worth...
OKX Wallet Launches Account Abstraction-Powered ‘Smart Account’ Feature, Enabling USDT and USDC Gas Fee Payments on Multiple Chains – CoinJournal
Singapore, Singapore, August 2nd, 2023, Chainwire Additional account abstraction capabilities, including a social recovery feature, will be rolled out at a later date OKX, a...
Terminal 3 Raises Pre-Seed Funding for Decentralized User Data Infrastructure – CoinJournal
Hong Kong, Hong Kong, August 2nd, 2023, Chainwire Terminal 3, a Hong Kong-based Web3 startup, has successfully raised an oversubscribed pre-seed round to build user...
India makes suggestions for G20 crypto roadmap
India, which currently holds the Group of Twenty (G20) presidency, has supported the Financial Stability Board’s (FSB) recommendations for a global crypto framework published in...
Worldcoin cryptocurrency project suspended in Kenya
The new cryptocurrency and digital identity project, Worldcoin, is facing a rough start in Kenya, with the government halting all local activity associated with it.Kenya’s...
SBF denies witness tampering in effort to avoid jail
Lawyers for Sam Bankman-Fried have denied that he attempted to intimidate witnesses in his criminal trial by talking to New York Times reporters and argued...
FTX creditors unimpressed with exchange’s bankruptcy exit plan
A body representing FTX customers said it is “extremely disappointed” by the exchange’s draft bankruptcy exit plan and claims it was ignored by FTX’s restructuring...
MicroStrategy narrowed its crypto-related impairment charge in Q2
MicroStrategy bought another 12,333 Bitcoin in its second quarter. The business intelligence company returned to profitability in Q2. MicroStrategy stock has roughly tripled versus the...