The sum of Shiba Inu that was burned during the last week has dropped substantially, and it was low on a daily basis during that period, too. Still, today, the burn rate has shown a significant rise, according to Shibburn tracker.
With limited access to global finances, Russian businesses have begun settling in cryptocurrency with their partners abroad. Although these are still small-scale payments, government officials have noted their increase, which comes even before authorities have decided how to regulate these transactions.
The people of the Turkish crypto ecosystem are very eager to apply the age-old words of wisdom, “The bear market is an opportunity to build,” to make İstanbul -the business hub of Turkey- home to the global hype surrounding Ethereum.
According to recent reports, venture capital funds are investing millions of dollars in non-profit organizations (NFOs). In the month of May 2022, two of the most prominent cryptocurrency fund managers, Andreessen Horowitz and Paradigm, started making direct investments in NFTs.
Earlier today, October 10, decentralized finance (DeFi) lending platform TrueFi issued a notice of default to Blockwater Technologies on missing a scheduled payment over its $3.4 million BUSD loan. Over the last week, the TrueFi credit group was trying to work out an out-of-court settlement. This included increasing the borrowing rate and extending maturity.