Month: March 2023

Market Maker DWF Labs Invests $20M in Derivatives Trading Platform Synthetix

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Immutable and Polygon Labs Team Up to Expand the Web3 Gaming Ecosystem

“By combining the number one Web3 gaming platform – currently serving hundreds of game studios and millions of players – with Polygon’s best-in-class zkEVM technology, we are building an Ethereum-centric gaming ecosystem that is poised to take Web3 mainstream and bring digital ownership to millions of people around the world,” said Robbie Ferguson, Immutable president and co-founder. “Billions of dollars of skins are sold each year with no rights for players – we’re changing that so players are in control, and ownership is the expectation.” Source EcosystemExpandGamingImmutableLabsPolygonTeamWeb3 CryptoX Portal

Economist David Rosenberg Warns of ‘Crash Landing’ and Recession, Citing Fed Data – Economics Bitcoin News

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Famed economist David Rosenberg has warned of a “crash landing” and an impending recession for the U.S. economy. Referring to the Philadelphia Fed’s manufacturing index chart, he stressed: “Take a good hard look at this chart and tell me we are heading into a ‘soft’ or ‘no’ landing. More like a ‘crash’ landing.” Economist Expects a Crash Landing Famed economist David Rosenberg warned that the U.S. economy may be headed for a crash landing in a tweet last week. Rosenberg is the president and chief economist of Rosenberg Research. He…

DefiLlama resolves internal strife, sends LLAMA token plans alpaca’n

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Decentralized finance (Defi) analytics platform DefiLlama appears to have resolved the internal conflict within its team that had earlier threatened a “forking” of the platform. Potential trouble at DefiLlama was first revealed when developer 0xngmi claimed in a March 19 Twitter post that DefiLlama was “undergoing a hostile takeover,” with the launching of a token called “LLAMA” without employee approval or support. In response, the parent company of DefiLlama accused “0xngmi and a few team members” to have “gone rogue” by looking to seize DefiLlama’s intellectual property while “inaccurately claiming the…

Euler Finance to enter talks with exploiter over the return of funds

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Ethereum-based lending protocol Euler Finance could be a step closer to recovering funds stolen in a $196 million flash loan attack last week, with private discussions now initiated with the exploiter. In an on-chain message to Euler on March 20, days after sending funds to a red-flagged North Korean address, the exploiter claimed they now want to “come to an agreement” with Euler. “We want to make this easy on all those affected. No intention of keeping what is not ours. Setting up secure communication. Let us come to an agreement,”…

Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator

CryptoX – Cryptocurrency Analysis and News Portal However, as of May 2022, after “it became clear that the [two west Texas] facilities would not receive the anticipated power load,” Core Scientific stopped making various payments to Priority Power Management, Bros said. Neither firm immediately replied to CryptoX’s request for comment as to why the power was not delivered. Source The post Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator appeared first on CryptoX. CryptoX Portal

FL Gov. DeSantis Proposes Ban on Central Bank Digital Currency Use as Money – Bitcoin News

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Governor Ron DeSantis of the U.S. state of Florida has proposed legislation to prohibit the use of central bank digital currency (CBDC) as money in his state. “The Biden administration’s efforts to inject a centralized bank digital currency is about surveillance and control,” the governor warned. Governor Ron DeSantis Proposes Law to Prevent Financial ‘Weaponization’ Through a CBDC Florida Governor Ron DeSantis announced “comprehensive legislation” Monday to protect consumers and businesses in his state “from the Biden administration’s weaponization of the financial sector through a central bank digital currency (CBDC).”…

24,940,023,596,035 Shiba Inu (SHIB) Worth Over $276,000,000 Transferred From Crypto Exchange to Self Custody: Santiment

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Nearly 25 trillion SHIB tokens worth over a quarter billion dollars have left a top crypto exchange and are now sitting off the market in cold storage, according to new on-chain data. First spotted by crypto analytics firm Santiment, an unknown Ethereum (ETH) address transferred 24.9 trillion SHIB into a self custody wallet in six different transactions. The whale has also been rapidly accumulating ETH since the beginning of March, according to Santiment. “$276M worth of Shiba Inu has been transferred from an exchange wallet to self custody wallet in…