Blockchain Financial News

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Ethereum [ETH], the world’s largest altcoin, has suffered extensively in June. ETH fell below $1,000 for the first time in more than a year as the broader crypto-market continues to slide south with no quick remedy in sight. That being said, ETH might have one — thanks to the ‘much anticipated,’ but delayed, Merge.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Terra (LUNA) employees are reportedly unable to leave South Korea as the country's prosecutors imposed a departure ban on key developers of the project.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

To some, Chainlink’s network has one advantage that no other blockchain in the crypto-space has — Vitality. When compared to other blockchains, Chainlink will always remain relevant. Especially since the network offers the uniqueness of being an oracle blockchain.

While Ether's (ETH) price dip over the weekend may have left investors worried about the digital asset, community members on Reddit conducted a discussion on Ethereum use cases that could potentially push the asset's price upward. 

Numerous leading crypto companies have started to slow down hiring and are reducing staff as revenues have declined due to the slump in the crypto markets. But that doesn’t mean that there aren’t crypto jobs out there that remain in demand, especially, as multiple companies still keep hiring. 

Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gives Solend Labs “emergency powers” to access a whale’s wallet to avoid liquidation. 

Sam Bankman-Fried’s (SBF) Alameda Research is “stepping in” to prevent further contagion across the crypto sector during the current bear market.

A significant challenge most blockchains face is how to commandeer investors’ interest in the network’s native coins or tokens. Algorand [ALGO], a proof-of-stake blockchain cryptocurrency protocol, has struggled to keep investors interested in its native coin – ALGO.

On Sunday, the decentralized finance (DeFi) sector came under scrutiny again after DeFi protocol Solend put together a spur-of-the-moment governance proposal related to one of the whale wallets at risk of liquidation. 

crypto world over the past few weeks is enough to make even the most enthusiastic Web 3 supporter take a step back and assess his position. With Bitcoin diving to an 18-month-low and showing no signs of stopping anytime soon, crypto lenders such as Celsius halting transactions to curb the volatility amongst crypto assets and exchanges like Coinbase firing staff to keep itself steady, the outlook for the entire industry seems to have changed drastically from just a few months ago when products and technologies like NFTs and metaverse was on everybody’s minds. Added to these are global headwinds that have created the perfect storm that we’re seeing the crypto industry go through currently. Indeed, with 40-year-high inflation in the US pushing the Fed to raise interest rates, daily items getting costlier thanks to high oil prices, the uncertainty over the war in Ukraine and the threat of Covid-19 and possibly monkeypox lurking just around the corner, things have decidedly taken a turn for the worse wherein investors have started dumping riskier assets such as equities and crypto assets.

The Bank for International Settlements (BIS) Innovation Hub announced the launch of a new set of projects targeting various aspects of traditional and crypto payments — including a cryptocurrency market intelligence platform and security for retail central bank digital currency (CBDC).

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The year 2022 has been marked with a series of upgrades and hard forks for many blockchains. The latest chain in town to implement a network upgrade and a hard fork is the Neo Blockchain.

The blockchain industry moves fast — and this means it's crucial for major protocols to evolve in line with the latest innovations, keeping up with customer demand.

After Norway and Liechtenstein, Ukraine became the third country outside the European Union (EU) to join the European Blockchain Partnership (EBP), an initiative derived by 27 member states to deliver cross-border public services.