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December 12, 2022

Nexus Mutual moves to divest, expects  million loss with Maple Finance

Nexus Mutual moves to divest, expects $3 million loss with Maple Finance

Nexus Mutual Expects $3M Loss on Maple Finance’s $36M Default Risk from Orthogonal Trading. Nexus Mutual is now trying to divest the wETH funds from the platform. The ripple effect of companies embroiled in a crypto liquidity crisis after the FTX collapse continues, with Nexus Mutual now looking to divest from Maple Finance M11 Credit […]

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Metallica issues crypto scam alert before the 72 Seasons album launch

Metallica issues crypto scam alert before the 72 Seasons album launch

The bad actors left no stone unturned as the legendary metal band. Metallica warned fans about crypto giveaway scams just ahead of the much-anticipated release of their new album, 72 Seasons. Scammers have started targeting metalheads through social media impersonation for the upcoming tour. However, Metallica quickly pointed out “the ugly side of social media”

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Ethereum co-founder Vitalik Buterin says AI is ‘quite far’ from replacing human programmers

Ethereum co-founder Vitalik Buterin says AI is ‘quite far’ from replacing human programmers

Ethereum co-founder Vitalik Buterin says AI is ‘quite far’ from replacing human programmers Vitalik Buterin has good news for programmers worried about being fired by the AI; It’s just not that good yet. The Ethereum founder said he tested ChatGPT, an AI chatbot developed by OpenAI, to see if he could write valid code. Interest

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Bearish Clouds Haunt the BTC Price Rally, Will Bitcoin Be Stuck Under Miners’ Capitulation?

Bearish Clouds Haunt the BTC Price Rally, Will Bitcoin Be Stuck Under Miners’ Capitulation?

Bitcoin’s price fell below $17,000 after holding steady on the previous trading day. Meanwhile, Bitcoin (BTC) hash rate has also declined as the miner continues to struggle as the price undergoes a massive correction phase. In addition, the BTC mining difficulty is expected to improve significantly. According to the new update released by a popular

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Animoca’s New B Investment Fund Focuses on the Metaverse

Animoca’s New $2B Investment Fund Focuses on the Metaverse

Blockchain gaming giant and venture capital firm Animoca Brands plan to raise $1 billion to $2 billion as part of a new Metaverse fund called Animoca Capital, Nikkei Asia reported. According to Yat Sui, Animoca’s co-founder and CEO, the fund aims to invest in late-stage mid-metaverse companies. It will focus on digital property rights for

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Aave acquires web3 social gaming app Sonar to expand Lens Protocol

Aave acquires web3 social gaming app Sonar to expand Lens Protocol

Aave bought Sonar, a Web3-compatible social gaming app, to integrate with its Lens Protocol decentralized identity platform.  Aave hired Sonar brothers and co-founders Ben South Lee and Randolph Lee to lead Lens’ expansion into Web3 services. Aave Companies acquired Sonar, a mobile social gaming application that supports NFT-based avatars, to extend the Lens protocol for

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