Bitcoin network activity decline suggests longer bear market: Glassnode
Although Bitcoin prices made a strong 15% recovery over the past week, metrics suggest more network demand would be needed to sustain further price increases.
Nomad token bridge drained of $190M in funds in security exploit
Hundreds of potential exploiters appear to have drained all of the bridge’s $190 million in TVL in just a matter of hours.
Honduras attracts crypto investor tourists with Bitcoin Valley
Several businesses in the tourist town of Santa Lucia are now accepting Bitcoin payments in the hopes it can spur tourism spending.
Tether calls thesis behind USDT short-selling ‘flat out wrong’
Tether said the hedge funds that saw Terra’s collapse as a reason to short USDT have “a fundamental misunderstanding of both the cryptocurrency market and Tether.”
Marriages and court cases can be held in the metaverse
Singapore’s Second Minister for Law believes an integrated platform using the Metaverse will make the dispute resolution process more convenient and efficient.
Solana Spaces store to bring 100K people to Solana per month — CEO Vibhu Norby
The new shop entertained about 400 crypto-curious guests on opening day, and hopes to host even more as other stores are opened across the U.S. and the rest of the world.
Experts yet to explain massive spike in ETH active addresses
The sudden dramatic spike in active addresses on the network has left many guessing about the cause.
Zuckerberg unfazed about $2.8B metaverse division loss in Q2
“This is obviously a very expensive undertaking over the next several years,” said Mark Zuckerberg.
KuCoin CEO Johnny Lyu launches ‘Anti-FUD Fund’
The exchange’s Anti-FUD Fund comes shortly after KuCoin CEO Johnny Lyu’s spat with a whistleblower, who claimed the exchange was insolvent.
IMF global outlook suggests dark clouds ahead for crypto
The IMF has forecast economic growth to slow from 6.1% last year to 3.2% in 2022, which some believe will have negative consequences for crypto.
