Users automatically receive rewards on some of their crypto positions. The eToro trading platform announced on Thursday the launch of a dedicated staking service for its clients, letting users earn staking rewards from Cardano (ADA) and Tron (TRX). Users who hold positions in either of these currencies will be eligible for staking rewards, awarded monthly. […]
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Shopify stores could soon allow users to pay for products with Cardano tokens with a new app that removes any payment intermediaries. An Australian developer has almost completed work on a Cardano (ADA) app that will allow all Shopify stores to transact in ADA tokens and other tokens that run on the Cardano network. The […]
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KuCoin reported at least $129M of the affected funds are ‘safe.’ Following news of a security breach resulting in the loss of more than $200 million worth of tokens on KuCoin, many projects quickly reacted to prevent users’ holdings from being moved off to other exchanges. Speaking to Cointelegraph, KuCoin Global CEO Johnny Lyu said […]
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A CoinGecko survey has found that the majority of yield farmers do not understand the smart contracts underpinning the DeFi protocols they use. The majority of yield farmers do not understand how to read the potentially risky smart contracts that underpin the decentralized finance (DeFi) ecosystem — but that hasn’t stopped them making huge profits. […]
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Despite predictions Uniswap’s airdropped token would be dumped in the gutter, UNI has garnered a $217 million market cap. The token, which was airdropped to past Uniswap users in batches of 400 per wallet without warning yesterday, has defied predictions that the market would crash from its initial pricing of $3 as the 75,235 users […]
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Tether supply surges to $15 billion but it could still be a house of cards The surging DeFi sector has resulted in a mass minting of Tether in 2020 — including $3B last month alone — which has pushed its market capitalization over $15 billion. At the beginning of the year there was just over […]
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The Philippines SEC has identified ‘Mining City’ as a Ponzi scheme and warned promoters of the scam that they could face up to 21 years imprisonment. The Philippines SEC has released an official warning about Bitcoin (BTC) “cloud mining” company Mining City, advising the public to steer clear of the scheme and others like it. […]
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Self-custody staking arrives for Ledger’s hardware wallets. Popular hardware wallet company Ledger added Algorand’s ALGO token to the list of wallet-compatible assets available on its desktop app, Ledger Live, allowing holders to store and stake the asset. “The integration with Ledger Live will provide users with additional opportunities to earn passive income, ensuring the highest level of […]
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The company hopes to solve issues that were prevalent on its previous mainnet. IGGalaxy is migrating away from Tron and onto the Matic Network. They hope that this move will allow their platform to go mainstream, while simultaneously avoiding what they referred to as “performance constraints of the Ethereum mainchain.” IGGalaxy’s incentive-based economy offers tokens […]
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Tron’s primary DeFi project whitelisted what looks like a scam. The Tron (TRX) community is accusing the Just Foundation of whitelisting a “DeFi project” that eventually pulled an exit scam, pocketing about $2 million in TRX tokens. According to a post on Tron’s subreddit, the foundation created a token whitelist for its Uniswap clone, JustSwap, […]
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