Day: June 28, 2022

Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys – Metaverse Bitcoin News

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Cryptoys, an NFT-based startup, announced it has raised $23 million in a Series A funding round led by a16z. The company, which seeks to mix NFTs with the world of gaming and virtual toys, will create what it calls a “cryptoyverse,” in which it will also implement play-to-earn features and issue its own tokens. Cryptoys Raises $23 Million in Series A Round The NFT market is facing a slump phase that is affecting prices and the popularity of NFT projects recently. However, there are projects that have managed…

CoinFLEX recovery plan includes tokenized bad debt and more yields

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Crypto investment platform CoinFLEX aims to rectify its liquidity shortage and restart user withdrawals by selling off bad debt through a new $47 million token offering. The new token is known as Recovery Value USD (rvUSD) and will be worth $1 each. It is designed to help CoinFLEX recover $47 million in losses incurred by an account that was allowed to reach negative equity without being liquidated. It will be issued from June 28 through July 1, and the firm stated that it hopes to resume withdrawals by June 30.…

Michael Saylor – TRILLIONS Will Move After THIS Happens… | Bitcoin News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Michael Saylor – TRILLIONS Will Move After THIS Happens… | Bitcoin News Michael Saylor is an American entrepreneur and the CEO of Microstrategy. He is one of the most well-known figures in the Bitcoin community, and in the news today. He knows everything there is to know about the current cycle, and selling Bitcoin. In the latest Bitcoin news, Saylor will give his update today. He’ll go over in this latest interview why he thinks Bitcoin is the greatest asset in human…

Crypto community confused as Celsius continues with weekly rewards

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Members of the crypto community on Twitter have been left bewildered by the beleaguered Celsius Network continuing to pay weekly rewards despite pausing withdrawals two weeks ago. As previously reported, crypto lending platform Celsius paused withdrawals on June 13 after citing extreme market conditions amid the current bear market. Reports soon followed that the firm was undergoing liquidity issues and may be heading towards insolvency, potentially putting users’ funds at risk. Why is @CelsiusNetwork still paying rewards if apparently they are talking bankruptcy? Why not pause rewards and set a…

Ethereum Turns Red, Why ETH Must Hold This Key Support

Ethereum declined below the $1,200 zone against the US Dollar. ETH is now at a risk of more losses if it fails to stay above the $1,150 support zone. Ethereum started a fresh decline from the $1,250 and $1,280 levels. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline sharply if there is a clear move below the $1,150…

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Bitcoin Dips Further, Why BTC Could Revisit $20K

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Bitcoin is moving lower below the $21,000 zone against the US Dollar. BTC could gain bearish momentum below the $20,650 support zone. Bitcoin struggled to rise above $21,200 and declined towards $20,650. The price is now below the $21,000 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $21,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline further if there is a clear move below the $20,650 zone. Bitcoin Price Remains At…

Are we helpless against attacks on blockchain bridges?

The past few years have plagued the decentralized finance (DeFi) space with hacks, making critics of blockchain technology take a closer look at how this technology is threatening security. This year started off with a US$600 million hack on Axie Infinity’s Ronin sidechain, followed by a US$325 million attack on Solana’s Wormhole, both of which were caused because of the AMM (automatic market maker) cross-chain bridges backing both protocols. It happened again just days ago when hackers stole US$100 million from Harmony protocol’s Horizon cross-chain bridge in a similar attack. …

Unizen ‘CeDeFi’ smart exchange secures $200M investment from GEM

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Cryptocurrency exchange Unizen has scored a $200 million investment from private equity group Global Emerging Markets (GEM) which it will use to expand its business and its ecosystem. Rather than receiving the $200 million in funding all at once, Unizen noted on June 27 that the investment will come in the form of a “capital commitment’, with part of the funding released upfront and the rest will be provided later based on achieved milestones. Unizen did not disclose what particular criteria it had to achieve to receive the funding. Unizen…