ArkotNews

Highly skilled crypto users have reportedly lost an estimated $10 million in stolen funds since December, MyCrypto founder Taylor Monahan said.

Ronit Ghose says increasing use blockchain technology will be driven by digital financial instruments.

The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.

Plus, investments in blockchain games and metaverse projects totaled $739 million for the quarter.

The change improves support for exchanges and may bring faster development, Avalanche says.

Liquid staking tokens also rise on Wednesday. Bitcoin holds steady above $28,000.

Meme coins have outperformed the broader crypto markets in recent days, but some say profit-taking could reverse the rally.

Lido needs to complete security audits of its V2 upgrade before it can allow withdrawals.

Fresh economic data Thursday morning suggested slowing in both inflation and the employment picture.

The upgrade may in time attract a new group of investors, Brian Mosoff, said.