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Business · SingaporeSingapore-based crypto lending platform Hodlnaut has become the latest firm to suspend withdrawals, and deposits blaming market conditions and lack of liquidity. The firm also stated that it has withdrawn its regulatory license application in Singapore and as a result, it would no longer be able to offer any token swaps features.See the Story
Singapore-based crypto lender Hodlnaut suspends withdrawals
50% Center coverage: 10 sources
EthereumInstitutional investors are piling into Ether-based digital asset funds, which have recorded seven straight weeks of positive inflows, according to the latest CoinShares report.CoinShares Head of Research James Butterfill on Aug. 8 said the rise in market sentiment for Ether-focused products is largely due to the upcoming Merge, which is set for Sep. 19. The Merge will see the Ethereum Mainnet merge with the Ethereum 2.0 Beacon Chain, which will complete the transition from proof-of-work (POW) to a proof- of-stake (POS) consensus mechanism.See the Story
Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report By Cointelegraph
100% Center coverage: 2 sources
TwitterThe automated market maker Curve Finance took to Twitter to warn users of an ongoing exploit on its site. The team behind the protocol noted that the issue, which appears to be an attack from a malicious actor, was affecting the service's nameserver and frontend. Curve stated via Twitter that its exchange, which is a separate product, appeared to be unaffected by the attack as it uses a different DNS provider.See the Story
Curve Finance resolves site exploit, directs users to revoke any recent contracts
100% Center coverage: 1 sources
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Google · United Arab EmiratesNigeria is one of 15 countries in the world that searched the term "invest in crypto" the most. The United Arab Emirates (UAE) came in second with a search score of 270. Singapore came third with a score of 260, while the United States was ranked 12th with asearch score of 157.See the Story
Nigeria becomes the most crypto-obsessed nation after April crash: Report
100% Center coverage: 1 sources
TeslaElon Musk predicts U.S. inflation has already peaked. He says six-month commodities pricing for Tesla parts is already getting cheaper. The recovery from an inflationary period with commodities heading downhill provides fertile ground for a recovery in risk assets, including crypto. Tesla divested itself of practically all its BTC exposure last month.See the Story
Elon Musk: US 'past peak inflation' after Tesla sells 90% of Bitcoin By Cointelegraph
100% Center coverage: 2 sources
AppRipple Lab's head of DeFi markets Boris Alergant said a "killer app" for consumers is what will be needed to bring the decentralized finance sector to a mainstream audience. He made the comments during a panel at the Blockchain Futurist Conference titled "The Future of Decentralized Finance"See the Story
DeFi needs a ‘killer app’ to go next level, says Ripple exec
100% Center coverage: 1 sources
CryptocurrencyThe Central African Republic has introduced an innovative monetary system to the world. The Sango sidechain is also backed by the CAR, making it the first and only cryptocurrency ecosystem to be backed by a nation. Other African countries are now also looking to CAR's system in hopes of implementing a similar one.See the Story
Global Adoption Of Cryptocurrency – The First Cryptocurrency Backed By A Nation - Cryptic Threadz News
Ethereum zero-knowledge rollup tech company StarkWare founder Eli Ben-Sasson says its new Recursive validity proofs could theoretically roll up as many as 60 million transactions into one on the Ethereum blockchain. StarkNet is a permissionless and decentralized layer-2 ZK-rollup that uses Validium to scale transactions. Currently, Ethereum's Mainnet can process transactions at a rate of 12-15 transactions per second (TPS)See the Story
60 million NFTs could be minted in a single transaction — StarkWare founder
100% Center coverage: 1 sources
