Optimism airdrop overwhelmed by all-time high demand: ‘Scaling is hard’

Ethereum layer-2 scaling solution Optimism has been overwhelmed with “all-time high demand” following the launch of its highly anticipated airdrop on Wednesday. Users racing to collect their tokens were greeted with failed or delayed transactions as the Optimism team raced in the background to add additional capacity to the network. As previously reported in April, Optimism […]

Continue Reading

In wake of Terra collapse, South Korea plans new crypto oversight committee: Report

The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the birthplace of its’ creator, was the most concerned country of them all. Amid signs that Terraform Labs co-founder Do Kwon was facing legal trouble in South Korea, the country’s ruling party announced Tuesday […]

Continue Reading

CoinShares CEO says UST’s failure cost the firm $21M

DeFi exposure related to Terra’s stablecoin UST saw CoinShares, Europe’s largest digital asset firm with billions of assets under management, lose more than $21 million, the firm’s CEO Jean-Marie Mognetti revealed on Tuesday. The CoinShares chief’s comment on the loss was part of his investor relations message to the company’s clients published in the 2021 Financial […]

Continue Reading

Polygon v Chainlink – Which one is a better buy?

The Ethereum merge gives Polygon an edge in the short term.  Key Points: With the Ethereum merge close, MATIC has the potential to grow exponentially once the bull market returns. Chainlink’s dominance in the decentralized oracles space gives it strong long-term growth prospects. While both LINK and MATIC are likely to do well long term, […]

Continue Reading

Crypto is here to stay, says Soros Fund CEO

Soros Fund Management CEO and CIO Dawn Fitzpatrick says crypto is going nowhere given its already mainstream.  The Soros’ executive made the comments during an interview with Bloomberg, noting that the entry of major mainstream players like Fidelity Investments was a key development. In her response on what she thought of crypto in terms of “taking […]

Continue Reading

Free-to-play P2E MMO strategy game Meta Apes debuts on BNB Application Sidechain

The free-to-play, play-to-earn MMO strategy game Meta Apes has become the first game to go live on BNB Application Sidechain. The game is designed for a mobile-first experience. It is currently only available for Android devices on Google Play. The iOS version is expected to be launched in the near future. The Meta Apes game […]

Continue Reading