Singapore High Court Allows 3AC Assets To Be Investigated By Liquidators
The Singapore high court has come to a decision on matters regarding 3AC’s (Three Arrows Capital’s) assets. The disgraced crypto hedge fund, whose founders are “nowhere to be found”, has had liquidators chasing after them since their collapse. Teneo, 3AC’s court-appointed liquidator, has been granted access to all of their locally-held financial records. This will […]
Juggernauts Binance & Mastercard Join Forces For Crypto Payment At Over 90 Million Merchants
Binance & Mastercard The two worlds collide, Web2 meets Web3. Binance meets Mastercard. The biggest crypto exchange and one of the largest credit card platforms join forces to let people make purchases in crypto at over 90 million merchants worldwide. Their attempt to bridge the gap between crypto and everyday purchases is another step towards […]
TradFi X DeFi: MakerDAO Finalizes 100M Loan To US Bank
MakerDAO, one of the most successful DeFi (decentralized finance) protocols, has just announced that it is lending 100 million DAI to US-based commercial bank, Huntingdon Valley Bank. This multi-million dollar partnership marks the first integration between a DeFi protocol and a traditional bank. The Huntingdon Valley Bank plans to use the US$100 million loan to […]
Singapore Police Force May Seize Hodlnaut Funds, Rendering Them Fully Insolvent
Hodlnaut, a Singapore-based cryptocurrency lender, has recently updated the community on its judicial management filing along with announcing two troubling updates. The platform first announced cutting 80% of its staff, roughly 40 people, “to reduce the company’s expenditure.” It claimed that the remaining employees were “necessary” to carry out key functions. Secondly, Hodlnaut is fielding pending proceedings […]
One Unlikely Country Is Leading The World Into Web3.0
With the crypto markets crashing and terrible macroeconomics headwinds, one country has pledged to make crypto regulations unlike “anywhere in the world”. Is it The Untied States? Dubai? Korea? No. Instead of these known tech giants, Australia has been making waves recently, pushing for proper regulation, consumer protection, and mass adoption. Also Read: How S’pore […]
SudoRare Gone With The Wind, Rugs $800K 6 Hours After Launch
Just 8 hours into their launch, SudoRare was drained of 519ETH, which at that time of exploit, amounted to US$815,000 from the platform. SudoRare was supposed to be a combined fork of SudoSwap and LooksRare. Both are NFT marketplaces. SudoSwap functions as a decentralized exchange for trading NFTs, one that allows for the creation of liquidity […]
Avium Secures $2M In Funding To Build An Entertainment Brand For Production Studio Behind Marvel Comics & Netflix
Securing US$2M in funding Web3 media start-up Avium has secured a $2M pre-seed from strategic investors to help greenlight stories by South East Asia’s studios in producing original content that has developed Marvel Comics, Valve (Dota), Netflix, Prime Video, Tencent and more. The recent pre-seed in a strategic round was led by Saison Capital which […]
S.Korea Takes Another Step Into Web3.0 With Samsung Launching Crypto Exchange
South Korean multinational manufacturing conglomerate, Samsung, is planning to launch its own Cryptocurrency Exchange. Samsung Securities among several others filed paperwork to seek preliminary approval to establish a crypto exchange in South Korea. If successful, the companies will obtain their digital asset licenses from financial authorities in the late half of 2022 and most likely […]
You May Now Have To Pay For Your Telegram Handle – Thanks To Web3.0
Did you know that Telegram has their own blockchain? Named “The Open Network (TON)”, it was developed by the Telegram team and launched for testnet in 2018. However, the popular messaging application withdrew from the project in 2020, following litigation with the United States Securities and Exchange Commission. The project was then taken over by […]
Unhackable? Attacker Lost Thousands In Failed Rainbow Bridge Exploit
Dr. Alex Shevchenko, CEO of Aurora Labs, posted on Twitter that the Rainbow Bridge was attacked over the weekend. The attack was mitigated within 31 seconds and no user funds were lost. This attack cost the bad actor dearly as he lost 100% of his stake or 5 ETH. This was not the first time […]
Technical Analysis: How To Use The McClellan Oscillator For Crypto
The next edition of the technical analysis series is the McClellan Oscillator. This tool is effective in finding the price momentum of an asset. Created by Sherman and Marian McClellan, the basic formula is derived from the 39-day exponential MA out of the 19-day exponential MA of Net Advances. It resembles a similar mechanism to […]
This Bear Market Is Trying To Teach You Something
With ~300 million in liquidated longs just this week and total crypto market cap 60% from the highs, it is no secret that we are in a bear market. But how did we get here? While global macroeconomic conditions have led to general de-risking from risk-on assets, the current bear market has definitely been accelerated […]
