Day: March 15, 2022

DeFi Lending Protocol Agave’s AGVE Plunges Over 20% Amid Exploit Investigation

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Ethereum Merge testing on Kiln mostly successful, save for one minor bug

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On Tuesday, Ethereum (ETH) developer Tim Beiko tweeted that Kiln successfully passed the Ethereum Merge, with validators producing post-merge blocks containing transactions. Kiln will be the last Merge testnet (formerly Ethereum 2.0) before existing public testnets are upgraded. “Merge” involves taking Ethereum’s Execution Layer from the existing Proof of Work layer and merging it with the Consensus Layer from the Beacon chain, turning the blockchain into a proof-of-stake network. The Foundation writes:  “This merge signals the culmination of six years of research and development in Ethereum and will result in…

Commissioner Allison Lee announces her departure from the SEC

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Securities and Exchange Commissioner Allison Herren Lee announced that she would be stepping down from her post at the end of her term in June. In a Tuesday announcement, Lee said that she will remain in the role until her successor has been confirmed. The SEC commissioner has spent less than three years at her current position, having been sworn in in 2019 to serve out the remainder of a five-year term expiring in June. With her departure, Lee, a Democrat who replaced former commissioner Kara Stein, will create a…

This Rugged FTM-Based Protocol Sends A Warning About DeFi Projects

The safety of the DeFi and especially the FTM ecosystem is shaking as “Tomb Fork” projects seem to be the perfect place for scams to thrive. Even after some investigation, what might look like a safer project can still turn out to be a fraud. Recently, PulseDAO got rugged. Allegedly, their own dev turned against the and KYC might not be enough to hold this person accountable. Tomb Forks And Rug Pulls As per Chainalysis data, in 2021 DeFi rug pulls took over $2.8 billion worth of crypto and accounted…

CPLAY Network (CPLAY) Is Now Available for Trading on LBank Exchange – Press release Bitcoin News

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press release PRESS RELEASE. INTERNET CITY, DUBAI, Mar. 15, 2022 – LBank Exchange, a global digital asset trading platform, has listed CPLAY Network (CPLAY) on March 15, 2022. For all users of LBank Exchange, the CPLAY/USDT trading pair is now officially available for trading. While growing rapidly, crypto space is facing some strict restrictions in application publishing and advertising. To ensure freedom and privacy for global crypto businesses, merchants, service providers, freelancers, and users, CPLAY Network (CPLAY) is creating a privacy protected crypto ecosystem that is going to launch world’s…

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Biden’s pick for Fed vice chair for supervision withdraws amid Republican objections

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Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forward. According to a Tuesday tweet from Washington Post journalist Seung Min Kim, Raskin sent a letter to U.S. President Joe Biden withdrawing as his nominee for the next vice chair for supervision of the Federal Reserve, citing “relentless attacks by special interests.” The letter referred to Republican lawmakers who, she said, have “held hostage” her nomination since February.…

Mark Zuckerberg Says NFTs Are Coming Soon to Instagram

“We’re working on bringing NFTs to Instagram in the near term,” Meta (FB) CEO Mark Zuckerberg said at a panel at Austin’s South by Southwest Festival on Tuesday, according to a tweet from Engadget senior editor Karissa Bell. Zuckerberg added, however, that “I’m not ready to kind of announce exactly what that’s going to be today.” Source

Bitcoin and Stocks Stabilize Ahead of Fed Meeting

“Key capital market indicators show that a significant slowdown in global growth is already discounted,” MRB Partners, an investment strategy firm, wrote in a recent report. Once geopolitical tensions ease, global equities could have meaningful upside, according to MRB. That could be positive for crypto given the rising correlation between bitcoin and stocks. Source