OMIC Holders can stake their coins in return for more tokens. “The main benefit for stakers comes from supply growth. The protocol mints new OMIC tokens from the treasury, the majority of which are distributed to the stakers,” an official explainer says. “Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important … [Read more...] about DeFi Protocol Omicron’s Token Jumps 10-Fold After Namesake Covid Variant Emerges
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DeFi hub Karura emerges as first Kusama parachain slot auction winner
Karura network has emerged as the winner of the maiden Kusama parachain slot auction.According to an announcement issued on Tuesday, Karura pulled support from over 15,000 entities who staked Kusama (KSM) tokens in favor of adding the decentralized finance hub as the first Kusama parachain.In total, Karura locked up over 5,000 KSM currently valued at $90 million based on the … [Read more...] about DeFi hub Karura emerges as first Kusama parachain slot auction winner
SEC claims “no document” exists as new twist emerges in Ripple (XRP) case
The Ripple vs. SEC lawsuit has the U.S. Securities and Exchanges Commission deny possession of internal documents relating to Bitcoin, Ethereum, or XRP, as they relate to securities, a filing on Court Listener reads.Ripple’s defense team considers this critical to the case by establishing how the SEC determines securities classifications.The Judge made a very nuanced ruling and … [Read more...] about SEC claims “no document” exists as new twist emerges in Ripple (XRP) case
Grayscale listing ‘bump’ emerges as Livepeer (LPT) soars to a record high
Every bull market is marked by a particular trend which which catalyzes and sustains the uptrend in asset prices. In late 2020 Ether (ETH) led the way as the network saw a surge in activity due to the growing popularity of the decentralized finance (DeFi) sector and the expectation that the altcoin would rally into the Eth2 launch. As further signs of institutional money … [Read more...] about Grayscale listing ‘bump’ emerges as Livepeer (LPT) soars to a record high
Bitcoin dips below $50,000 even as a “sell-side crisis” emerges
Bitcoin, the world’s largest cryptocurrency by market cap, lost the $50,000 price level this morning amidst a broader sell-off in both equity and crypto markets. It trades at $48,000 at press time and is down -5% compared to yesterday.But despite the fall, data from on-chain analytics platform Glassnode showed that long-term holders were accumulating instead of selling. Lex … [Read more...] about Bitcoin dips below $50,000 even as a “sell-side crisis” emerges