4 Lessons Learned from the Sunset of Tranquil Finance and Mimas Finance: The Unpredictable Landscape of DeFi

Tranquil Finance

Introduction Decentralized Finance (DeFi) has been hailed as a game-changer in the world of cryptocurrencies. It promised financial inclusivity, transparency, and innovation like never before. However, the recent closure of two prominent DeFi projects, Mimas Finance and Tranquil Finance, has shed light on the unpredictable nature of this industry. In this article, we will delve … Read more

My Journey with Mimas Tokens, #1 Lesson From Navigating the Volatility of DeFi

My Journey with Mimas Tokens, #1 Lesson From Navigating the Volatility of DeFi

*Disclaimer: The following article recounts a personal experience in the crypto space and is intended for informational purposes only. Cryptocurrency investments come with risks, and readers are encouraged to conduct their own research and seek professional advice.* — Introduction They say that the crypto space can be a wild ride, and my journey with Mimas … Read more

Urgent News Update Mimas Finance & Tranquil Shutting down DeFi services by October 31, 2023

Mimas Finance Shutting down 31 October 2023

Mimas Finance & Tranquil Shutting down DeFi services by October 31, 2023 In a shocking turn of events, Mimas Finance and Tranquil Finance have announced the closure of their DeFi services, sending shockwaves throughout the cryptocurrency community. The announcement, made on their official channels, comes as a result of careful consideration and a desire to … Read more

Paxos’ $500K Bitcoin fee, FTX tokens sales set to begin, and more

Paxos’ 0K Bitcoin fee, FTX tokens sales set to begin, and more

Blockchain infrastructure firm Paxos has confirmed that it made a mistake in paying over $500,000 in Bitcoin transaction fees, and the Bitcoin miner who received the funds has returned them. A bankruptcy court has approved the sale of FTX digital assets, excluding Bitcoin and Ether, which can be sold separately. Digital Currency Group has proposed … Read more

What Can Ethereum’s New Testnet Offer? A Closer Look

What Can Ethereum’s New Testnet Offer? A Closer Look

Ethereum Unveils Shiny New Testnet, What Does It Do Ethereum developers have launched a new testnet called Holesky, which is expected to replace the Goerli Testnet. The Holesky testnet will be used for testing complex upgrades and infrastructure until 2028. It is said to have better testing capabilities than the Goerli testnet. Validators on the … Read more

Friend.tech Resurgence Drives Base to Record Daily Transaction Peak

Friend.tech Resurgence Drives Base to Record Daily Transaction Peak

Base, the Coinbase-incubated Ethereum layer 2 (L2) network, has experienced significant growth and adoption since its public launch just a month ago. Along with this growth, the number of users and protocols on the platform has also expanded significantly. In a remarkable display of this rapid growth, Base recently achieved its highest number of daily … Read more

Polkadot Community Platform PolkaWorld Ceases Operations Following Unsuccessful Funding Attempt

Polkadot Community Platform PolkaWorld Ceases Operations Following Unsuccessful Funding Attempt

Polkadot community PolkaWorld halts operations after failed funding bid The Polkadot community, PolkaWorld, has suspended operations after its proposal to receive funding from Polkadot’s treasury was rejected. PolkaWorld raised concerns about the treasury management under the new open governance system called “OpenGov,” claiming it is affecting long-term contributors to the Polkadot ecosystem. The organization believes … Read more

DJ 3LAU’s Decision to Skip Friend.tech Raises Concerns over Regulatory Risks

DJ 3LAU’s Decision to Skip Friend.tech Raises Concerns over Regulatory Risks

DJ 3LAU causes a stir after opting out of Friend.tech over regulatory risks DJ and crypto investor 3LAU has withdrawn from decentralized social media platform Friend.tech due to concerns over regulatory risks. He specifically pointed out the automated market maker (AMM) feature of the platform as a potential regulatory grey area. 3LAU stated that he … Read more