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There are different modalities to invest in if you start your journey in the cryptocurrency area. Yet, even though investing has become common these days, the process can be more difficult if you don’t know where to start. However, you may get significant benefits if you are part of a community where you can learn information and strategies. WEWE Global is a community in continuous growth, with many services offered by the market and providers. Within the platform, staking, minting, and yield farming are just a few of the opportunities you can experience on WEWE Global. All you have to do to gain an edge from all the advantages of WEWE Global is to become part of the community, share the platform with your friends, and create your team. Finally, you can receive rewards by sharing the products and helping to develop the ecosystem. Why staking, minting, and Yield Farming? Yield farming allows users to earn passive income by depositing crypto into a liquidity pool. Staking refers...

DeFi, GameFi, NFT and adjacent projects share conceptual simplicity with operational complexity. DAOs, which have emerged as the perfect Web3 governance and management structure are another example of the blockchain ecosystem’s ‘simple to explain, hard to implement’ characteristics. The complexities of DAOs are even more daunting for non-tech native groups which could benefit from smart contract based governance structures. Enter The Summon Platform , announced today by the Zug, Switzerland based not-for-profit Summon Association. Promising all the benefits of full or partial governance DAO structures in a remarkably easy to implement package. During today’s launch, Adam Rusch, PhD, president of the not-for-profit Summon Association said, “The Summon Platform is a comprehensive solution for DAO creation and management. Summon empowers high-functioning DAOs to flourish with never-before seen ease of establishment and management.” The Summon Platform will launch in the fourth quar...

After two weeks in red, the crypto market has shown bullish signals since last weekend, but is it the time to celebrate? Since the market crash, red has been the dominant color during trade, with bankruptcy news flooding in. Bitcoin and altcoins experienced significant volatility in the aftermath of global monetary tightening. Bitcoin Shoots Higher The largest coin by market cap fluctuated around $20,700 as of July 16, while Ethereum increased slightly to around $1,200 following the Merge updates. The majority of the top-tier cryptocurrencies were down. Also last week, the US Bureau of Labor reported that the US inflation rate hit 9.1% over the same period last year, going down in history as the fastest increase since 1981. Additionally, the monthly Consumer Price Index (CPI) also increased by 1.3% due to record high gasoline prices. The shocking inflation data could be a driver for the coming interest rate announcement. The Fed raised interest rates by 0.75 percentage points...

Before Web2 disrupted traditional business models, organizations could not gather real-time insights concerning how end-users interacted with their products and services. As businesses continued to embrace digital technologies, Web2 unlocked a treasure trove of data that covers all sorts of information. However, Web2, by design, is highly centralized, with third-party service providers and big-tech companies controlling unlimited datasets – data that can be readily brokered, monitored, and monetized without the user’s consent. Web3, the decentralized version of the internet, promises a new era where users will have unprecedented control over their personal data. By leveraging blockchain’s features, such as immutability, distributed ledger technology (DLT), and decentralization, Web3’s decentralized applications (dApps) and protocols have already unlocked numerous opportunities for both organizations and end-users. But there is a problem – the transition from Web2 to Web3 won’t happ...

Projects are still working on their goals amid the market downturn, and Ethereum is making progress. We’re just over two months away from the long-awaited upgrade of the Ethereum blockchain – the Merge. Tim Beiko, an Ethereum core developer, stated on the Ethereum developers’ conference call that the Merge date was “tentatively scheduled” for September 19. The Merge Date Confirmed Previously, Ethereum developers delayed the network’s “difficulty bomb” by around 100 days, providing a baseline estimate for the network’s long-awaited proof-of-stake transition in September. The team explained the delay by affirming how important it is for Merge’s stable performance. The difficult bomb is a built-in update that significantly increases the complexity of PoW calculations, encouraging the switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus. To validate transactions, Ethereum currently employs the PoW mechanism. Although the timeline is not final, it is the first time th...

We are watching what happens when a “crypto bank” goes bankrupt. Major cryptocurrency lender Celsius has filed for Chapter 11 bankruptcy protection under U.S. law after suffering severe losses due to the impact of market turmoil and liquidity shortage. The United States District Court for the Southern District of New York will oversee the case, according to Celsius’s official statement on Wednesday. What’s Going On With Celsius? Following Three Arrows Capital (3AC) and Voyager Digital, Celsius is the next crypto lending platform to join the bankruptcy list. Both Voyager and Celsius have filed for Chapter 11 bankruptcy, indicating that they are seeking the same goal. Under the U.S. Bankruptcy Code, Chapter 11 refers to reorganization or restructuring. A bankruptcy filing under Chapter 11 will allow businesses to keep their operations normal while completing the organization’s restructuring. This will pay the way for Celsius to restructure, renegotiate, and obviously have more t...

Over the past few days, the community has been inundated with information about Zhu Su and Kyle Davies, the two men behind Three Arrows Capital (3AC). Rumors circulated that the founders had dropped off the radar , departing Singapore after allegedly fleecing creditors’ assets. “Catch Me If You Can” In June, facing a severe financial problem, 3AC filed for Chapter 15 bankruptcy protection in the Southern District of New York. With this filing, the British Virgin Islands court ordered its New York-based partner Teneo restructuring to deal with the firm’s liquidation. The firm’s purpose of conducting bankruptcy proceedings is to create fair repayments for the creditors. Bankruptcy procedures involve the participation of the asset management and liquidation team and the Court. However, according to court records, Three Arrows Capital’s lawyers and liquidation agents have no idea where those founders are, despite the fact that both parties are still in contact. There were rumors tha...