BENQI and Avalanche Launch $3M Liquidity Mining Initiative to Accelerate DeFi Growth

PRESS RELEASE. BENQI, an algorithmic liquidity market protocol, and the Avalanche Foundation are collaborating on a joint liquidity mining program to celebrate the launch of the BENQI protocol on the 19th of August and the next phase of growth within Avalanche’s DeFi ecosystem. $3MM of AVAX will be allocated as liquidity incentives for BENQI users, … Read more

Why the Cloud Industry Needs to Become Greener

According to Energy Post, the Internet will consume 20% of the projected electricity demand with 8000 TWh by 2030, making it one of the most energy-intensive sectors in the world. Hyperscale data centers typically use cutting-edge technologies — facility designs, cooling systems, and workload-optimized equipment to improve efficiency, but the current centralized approach leads to … Read more

Man Sentenced to 8 Years in Prison for Stealing Nearly $7 Million of Crypto in Israel

Afek Zard, a resident of Israel, has been sentenced to eight years in prison for embezzling a large sum of cryptocurrency that belonged to a friend of his. The man, who refused to cooperate with the investigation, will have to pay a hefty fine as well. Israeli Resident Sentenced for Cryptocurrency Theft The 27-year-old Zard … Read more

Commissioner Criticizes SEC for Taking Enforcement-Centric Approach to Crypto Regulation

A commissioner with the U.S. Securities and Exchange Commission (SEC) has criticized the securities watchdog for focusing on enforcement actions in its oversight of the crypto industry. SEC Commissioner Slams Agency for Focusing on Enforcement Actions in Regulating Crypto Assets SEC Commissioner Hester Peirce criticized her own agency Monday after it announced an enforcement action … Read more