Author: Cointelegraph By Prashant Jha

Newsletter Join us on social networksdecentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.May was a month filled with exit scams in the DeFi world, with over $45 million lost to…

News Join us on social networksETH) in May reached a new all-time high of 2.96 million ETH, approximately 2.46% of the total supply. The amount of ETH staked in May does not include withdrawals and is more than twice as big…

News Join us on social networksUSDT) stablecoin has hit a new all-time-high (ATH) market capitalization of over $83 billion as its market dominance continues. The new ATH comes in a year when other stablecoin issuers struggle to stay afloat due to…

News Join us on social networksBitcoin Ordinals are the latest layer-2 solution enabling decentralized storage of digital art on the Bitcoin blockchain. Ordinals will now allow users to migrate their Ethereum ERC-721-based nonfungible tokens (NFTs) to the Bitcoin blockchain with the…

Newsletter Join us on social networksdecentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.After a bullish April, May was another month of exploits, rug pulls and hacks, bringing back uncertainty to…

Follow up Join us on social networksDOGE) in 2013, inspired by an internet meme and a critique of the wild crypto market at the time. Dogecoin was developed by software developers Billy Markus and Jackson Palmer as a joke to mock what…

News Join us on social networksETH) across crypto exchanges dropped to a five-year low on May 26, bringing the total amount of Ether held on exchanges to 17.86 million. A drastic decline in the exchange supply of ETH like this has…

Newsletter Join us on social networksdecentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The United States Department of Justice (DOJ) is on the lookout for DeFi hackers and exploiters who have…

News Join us on social networksUpdate (5/19/2023 14:25 UTC): This article has been corrected to reflect that Thomas Schmidt and Jay Yao are (or were) consultants of ParaSpace NFT. A previous publication of this article erroneously named the two individuals as…

News Join us on social networksUSDT), is following in the footsteps of MicroStrategy to manage its reserves. The stablecoin issuer plans to strengthen its reserves with the help of Bitcoin (BTC) and move away from United States-based government debts.In an announcement on…

News Join us on social networksreport identified that withdrawals by crypto whales and large account holders on centralized exchanges, including some key institutional accounts, created a liquidity crisis that eventually led to the bank run. Total withdrawals on crypto platforms in 2022.…