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Posts published in “Asides”

Drama Ridden Cover Protocol and Ruler Protocol Shuts Down After Development Team Leaves Suddenly

Decentralized insurance provider Cover Protocol has announced its shut down after their development team left the project. Its sister firm, a smaller lending platform, Ruler, is also shutting down. The news sent the prices of the tokens of both the platforms crashing with COVER down more than 22% since the Cover team first announced it…

Binance Removes SGD Trading Pairs and Payment Options for Singapore Users to Be Compliant with Local Regulations

Leading cryptocurrency exchange Binance is reviewing the products and services it offers in Singapore in order to remain compliant with local regulations. On the weekend, Binance announced that starting on Sept. 10, the exchange will no longer offer SGD trading pairs and SGD payment options to the users of Singapore. Also, it is removing the…

DeFi Rallies Towards New Highs As Multiple Layer 1 Blockchains Amaas $50 Billion in TVL

The decentralized finance (DeFi) sector has started to go up, yet again. DeFi tokens are in the green, gradually moving up with Perpetual protocol (PERP), leading the gains up 16% in the past 24-hours. Popular DeFi coins, PancakeSwap, AMP, Thorchain, Synthetix, Bancor, Curve, Swipe, Alpha, Venus, Polkastarter, and Akropolis are also up 5% to 10%.…