While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $ 200 billion range to $ 196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $ 592 billion in smart contract protocol tokens dropped in value by 3.5% over […]
Ice Cube’s Big3 Professional Basketball League Sells Team to a DAO for 25 NFTs
Decentralized autonomous organizations (DAOs) have been acquiring high ticket items over the last 12 months and on April 28, the Degods DAO revealed it acquired a Big3 professional basketball team called the “Killer 3s.” The Big3 professional basketball league was founded by the American rapper Ice Cube and Big3 decided to sell the rights tied […]
Argentinian Government Advances the Creation of a National CBDC
The Argentinian government has taken the first steps in the launch of its own central bank digital currency (CBDC). A new decree identified the number 207/2022 gives new faculties to the Argentinian mint to involve in the investigation, development, and issuance of digital currencies. This puts Argentina on the trail of countries like Brazil and […]
Digital Yuan Giveaway: Shenzhen Residents to Receive 15 Million Yuan in Digital Currency
The Chinese government is giving away 15 million yuan in central bank digital currency (CBDC) to 130,000 residents of Shenzhen this Friday. The digital yuan can be used at nearly 5,000 stores with no minimum purchase required. Digital Yuan Pilot Continues China’s central bank, the People’s Bank of China (PBOC), continues to test its central […]
Report: $1.3 Billion in Crypto Stolen in Q1 2022, 97% Stemmed From Defi Exploits
According to a research report, $ 1.3 billion in digital currencies have been stolen during the first quarter of 2022. The study, published by cryptomonday.de researchers, further highlights that 97% of the stolen funds derived from decentralized finance (defi) protocol exploits. Defi Exploits Account for Lion’s Share of Stolen Crypto This Year 2022 is already […]