Decentral Block Post

This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.

So far, a total of 1.7 million verified members of the Stargate community have voted in favor of the proposal.

Efforts are underway to recover compromised assets and enhance security measures as users express concerns on social media.

On May 15, the chosen projects commenced the 12-week program after being granted seed funding of $30,000.

DeFi saw another multimillion-dollar rug pull this past week, and the Multichain saga continues to spiral out of control.

The Neuralink device is designed to be surgically implanted and, according to CEO Elon Musk, will eventually be marked to the general public.

The ETH balance decline began in September 2022, which saw a significant spike in November-December 2022 post-FTX downfall.

News of HK legalizing crypto exchanges censored by state media after just two days, meanwhile, Multichain token plunges after police arrest rumors.

The founder of Digital Bitcoin Art and Assets (DIBA) believes smart contracts on Bitcoin could solve the myriad problems created by Ordinals.

Starting from May 31, TradeBlock will commence the official procedure of winding down its operations.

As part of the collaboration, Bitpanda will incorporate Coinbase Exchange into its roster of authorized liquidity providers.

Funds will be used to support the decentralized World ID and the recently released crypto wallet World App. VC firms A16z Crypto, Bain Capital Crypto, and Distributed Global are investors in the round.

You can use crypto as collateral to get a home loan — but as one Bitcoin OG found out, it’s super risky and you can lose the lot.

Circle launched EUROC last year as a regulated stablecoin, which means that each token is fully backed by euro reserves held at United States-regulated financial institutions.

A member of the community thinks that, in this case, all speculative markets including crypto will lose ground.

Although China has maintained a hostile stance against crypto, the recent developments in Hong Kong got many to speculate about its impact on China.

The Arrington Capital-backed consortium outbid NovaWulf to acquire Celsius Network’s assets, while the Blockchain Recovery Investment Consortium serves as a backup bid.

Polygon co-founder Sandeep Nailwal said growing industries “invites a lot of speculation early on” but the genuine use cases will eventually rise to the surface.

The bug would have allowed malicious validators to compromise the network and applications that rely on it, including Celer’s cBridge.

The MULTI protocol's TVL remains largely unchanged at $1.6 billion despite a large selloff in the token price.