Crypto Lending Provider Cred Files for Chapter 11 Bankruptcy Protection
Cred unofficially indicated that it filed for bankruptcy protection “to maximize the value of its platform for its creditors”.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
Cred unofficially indicated that it filed for bankruptcy protection “to maximize the value of its platform for its creditors”.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly price movements. Weekly recap.
For the time being, the DEX industry is still in its infancy. Facilitating swaps of tokens on the same blockchain is possible, but the time has come to explore the next frontier in the form of cross-chain trading.
The fate of blockchain, DeFi and crypto will only thrive if Biden appoints blockchain and crypto-centric professionals to head key positions that can impact the regulatory space needed for growth.
On an overall scale, the third quarter’s total company revenue amounted to $3.03 billion, up from $1.27 billion in the third quarter of the previous year.
Over the past months, Coinbase has revealed plans to list new coins on its platform. Many of them are already listed, while some are yet to be listed on the exchange platform.
Ledger customers are now facing a significant increase in phishing attempts after a major leak of email and private information affected them in early 2020.
According to EY’s filing, the company is planning to convert all recovered assets into Canadian dollars. It is also going to allocate funds to Quadriga’s customers depending on cryptocurrency prices from 2019.
The operations of the Silk Road were short-lived as US Authorities were able to obtain enough evidence through masked purchases of items on the site, giving the perfect shreds of evidence to close down the site.
The driver of the crypto market known as uncertainty backed another popular altcoin’s growth. While the dollar index is falling drastically, global major commodities and fiat and cryptocurrencies traded against the US Dollar were able to close in green for the past week.
This agreement will see the Bybit logo and slogan displayed on the BVB’s websites and social media platforms as well as their stadium in live matches.
Ripple CTO said that the update would make it easier to find validators. Schwartz explained that performance is not the only criterion in the choosing process.
Ethereum developers are inching closer to the launch of Ethereum 2.0 by starting the deposit contracts. The first leg of the launch i.e. the Beacon Chain will go live on December 1.
According to Shawn You, co-founder of Chocoswap, “the large user base of ONTO will become the cornerstone of Chocoswap’s further development.”
Natus CEO Yevhen ‘HarisPilton’ Zolotarov noted that the organization is transitioning to a more dynamic technology that engages with the audience more.