Author: Crypto Insider

Illuvium Labs has launched a private beta for “Illuvium: Overworld” – the second of six Web3 games the team has planned over the next two decades. An alpha release of “Illuvium: Zero” could also be rolled out before Christmas. A new game for Illuvium Labs has gone live for the 30,000 lucky community members selected…

The algorithmic stablecoin USDD, backed by Tron’s founder Justin Sun and managed by Tron’s DAO, fell to $0.9695 on Dec. 12, the lowest since June 22. The algorithmic decentralized stablecoin lost its dollar peg last month as the collapse of FTX shook investor confidence in crypto assets. USDD, the Tron network’s algorithmic decentralized stablecoin, struggling…

Breaking crypto news from the last week (Dec. 3–9, 2022): Dec. 4: USDC stablecoin issuer Circle and publicly traded special purpose acquisition company Concord Acquisition Corp (SPAC) mutually ended their proposed business combination after the deal “timed out.” The mutual termination comes after over a year and a half of deliberating around the terms of…

Coinbase has called on users to convert their Tether (USDT) stablecoins to USDC – the stablecoin it co-founded – with zeroing exchange fees. The move follows a battle of words between Tether and some media outlets. “Now more than ever, stability and trust are of the utmost importance to customers,” Coinbase stated in an official…

Regulated derivatives products allow investors to gain exposure to Bitcoin without the hassle of dealing directly with crypto, Robert Stevens explains on CoinDesk. “Digital gold” can sometimes feel as hard to get your hands on as the real thing. Tax-sheltered accounts or certain banks might not let you invest in Bitcoin directly, crypto exchange accounts…

Top investment deals across the crypto sector over the last week (Dec. 3–9, 2022): Uniswap-based DeFi protocol Panoptic raises $4.5 million Panoptic, a Uniswap-based decentralized finance protocol for trading perpetual options, raised $4.5 million in a seed funding round. Gumi Cryptos Capital led the round, with Uniswap Labs Ventures, Coinbase Ventures, Jane Street, Avalanche Foundation’s…