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Weekly overview

InsurAce says it will pay millions to claimants after Terra’s collapse

  • Post author:admin
  • Post published:May 27, 2022
  • Post category:Weekly overview

DeFi insurance protocol InsurAce took heat from the community for suddenly shortening its claims period for Terra-related insurance claims, but is already set to pay out $11 million to claimants.…

Continue ReadingInsurAce says it will pay millions to claimants after Terra’s collapse

World Bank won’t support Central African Republic’s Sango crypto hub

  • Post author:admin
  • Post published:May 27, 2022
  • Post category:Weekly overview

The World Bank has said “it will be physically impossible” for the lender to fund the planned Sango crypto hub and voiced concerns regarding the country’s adoption of Bitcoin. The…

Continue ReadingWorld Bank won’t support Central African Republic’s Sango crypto hub

Ethereum Beacon Chain experiences 7 block reorg: What’s going on?

  • Post author:admin
  • Post published:May 27, 2022
  • Post category:Weekly overview

“This reorg is not an indicator of a flawed fork choice, but a non-trivial segmentation of updated vs out of date client software” suggested Core Ethereum developer Preston Van Loon.…

Continue ReadingEthereum Beacon Chain experiences 7 block reorg: What’s going on?

Developing countries love the Metaverse, rich nations not keen: WEF survey

  • Post author:admin
  • Post published:May 27, 2022
  • Post category:Weekly overview

Developing countries have more than double the amount of people positive that the Metaverse will impact their lives, and they’d use it daily in comparison to developed countries. Excitement for…

Continue ReadingDeveloping countries love the Metaverse, rich nations not keen: WEF survey

Nvidia shares plunge after Q1 figures, crypto mining card revenue ‘nominal’

  • Post author:admin
  • Post published:May 27, 2022
  • Post category:Weekly overview

Graphics card giant Nvidia reported “nominal” sales of its crypto mining chips and expected overall revenues to be down in Q2, which drove down its share price. American graphics card…

Continue ReadingNvidia shares plunge after Q1 figures, crypto mining card revenue ‘nominal’

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

  • Post author:admin
  • Post published:May 27, 2022
  • Post category:Weekly overview

The discussion of FTX.US’s proposal for non-intermediated margined products clearing highlighted unknown factors and the need for more regulatory framework. FTX CEO Sam Bankman-Fried did a lot of talking at…

Continue ReadingBankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal

  • Post author:admin
  • Post published:May 27, 2022
  • Post category:Weekly overview

Sideways crypto price action persists as the Federal Reserve confirms its plan to continue raising interest rates, but analysts spot a silver lining. The cryptocurrency market settled into a holding…

Continue Reading‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal
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