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DeFi Giant Maker Emerges Victorious as US Judge Dismisses $28M Lawsuit Filed Against It by Crypto Investors
25.2.2023
A US judge has dismissed a class-action lawsuit against DeFi crypto lender Maker that alleged the platform misrepresented risks investors faced, leading to catastrophic losses of collateral on MakerDAO back in 2020.
According to a court document filed on Wednesday, the “Black Thursday” lawsuit...
Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge
25.2.2023
The class action lawsuit filed in 2020 alleged that Maker-related entities knowingly misrepresented risks of holding collateral debt positions and caused heavy losses for some users during the March 2020 market crash
Alameda-Backed Crypto Trader Folkvang Is Still Standing Despite Big Hit From FTX's Demise
23.2.2023
Speaking on a video call from a high-rise Singapore office building, Folkvang founder Mike van Rossum provided a candid account of the "messy" situation surrounding FTX's collapse and the aftermath
Orbeon Protocol (ORBN) resists the bear trend, Terra (LUNA) is up 2.86% while DAO Maker (DAO) reaps 7.18% gain
17.2.2023
Cryptocurrency investors have reasons to be optimistic about the crypto industry this year, as many projects are looking up. Terra (LUNA), Orbeon Protocol (ORBN), and DAO Maker (DAO) holders are optimistic about their investment as these tokens keep appreciating. Let’s find out ORBN, LUNA,...
SEC enforcement action creates a silver lining for GMX, Lido (LDO) and Maker (MKR) price
15.2.2023
Traders are pivoting into decentralized solutions like GMX, LDO and MKR as the U.S. Securities and Exchange Commission cracks down on the crypto industry
Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focused on Real-world Use Cases
13.2.2023
PRESS RELEASE. Abu Dhabi, 13 February 2023 — Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups...
Wormhole Bridge Exploiter Supplies $46M to Crypto Lending Platform Maker, Buys Wrapped Ether
13.2.2023
The exploiter is probably earning yields on staked cryptocurrency
Maker Protocol announces the launch of Spark Protocol
10.2.2023
Sam MacPherson, the Protocol Engineer at MakerDAO, has announced the launch of its growth-focused arm – Spark Protocol. The first product of Spark Protocol will be Spark Lend. The launch is tentatively scheduled for April 2023, subject to the receipt of approval. Built on Aave V3, Spark Lend...
Today in Crypto: Aave Announces Launch of GHO Stablecoin on Ethereum’s Goerli Testnet, MakerDAO Establishes Phoenix Labs, LocalBitcoins Closing down
9.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Aave Announces Launch of GHO Stablecoin on Ethereum’s Goerli Testnet, MakerDAO Establishes Phoenix Labs...
Makerdao Co-Founder Proposes $14 Million Fund to Combat Climate Change; Crypto Supporters Mock Idea
7.2.2023
Cryptocurrency advocates have been discussing a proposal by the founder of Makerdao, Rune Christensen, to fund a Scientific Sustainability Fund. An idea that aims to combat climate change and misinformation about energy solutions. Christensen is asking for 20,000 MKR tokens to move forward with...
Options Automated Market Maker Lyra Deploys to Arbitrum Network
3.2.2023
With the Newport upgrade, Lyra is also now integrated with GMX perpetuals, allowing users to benefit from improved capital efficiency and user experience
Defense Fund: Maker’s new contingency budget fund
3.2.2023
The Defense Fund will soon be created following the approval that has come directly from the Marker Governance. The Defense Fund is expected to play a considerable role in reimbursing active MakerDAO participants for all their legal expenses. This development has been shared by Maker through...
MakerDAO launches $5M legal defense fund
1.2.2023
At its inception, the defense fund will receive a budget of $5 million held in the DAI stablecoin
Market Maker B2C2 Teams With Blockdaemon, Stakewise to Provide Ethereum Staking Liquidity
1.2.2023
B2C2 says it will be the sole over-the-counter spot liquidity provider for the staked ether token sETH-h built on liquid staking platform Portara
Stablecoin Economy Sheds Another $3 Billion in 44 Days
28.1.2023
The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD...
FTX and Alameda Research Collapse Sad Event but ‘Good for the Long Run’ Says DWF Labs Managing Partner
27.1.2023
While the collapse of the crypto exchange FTX and its affiliate Alameda Research is thought to have left many crypto players, including market makers, in the worst possible position, according to Andrei Grachev, managing partner at DWF Labs, this incident may have helped to “flush...
Today in Crypto: Digital Surge Saved from Bankruptcy Following FTX Collapse, Circle Blames US SEC for Failed Merger, Celsius Mulling Issuance of a New Token
25.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Digital Surge Saved from Bankruptcy Following FTX Collapse, Circle Blames US SEC for Failed Merger...
A Large Crypto Market Maker Is Already Distancing Itself From New 3AC Venture
16.1.2023
The co-founders of bankrupt 3AC think they can 'dominate' the crypto claims market, eventually 'fill the power vaccum left by FTX'
Today in Crypto: ConsenSys Launches MetaMask Staking, Eurojust Stops Major Crypto Fraud Network, LendHub Loses $6M in an Attack
13.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: ConsenSys Launches MetaMask Staking, Eurojust Stops Major Crypto Fraud Network, LendHub Loses $6M in...
Crypto Market Maker CyberX Gets $15M From Foresight Ventures
12.1.2023
Venture capital firm Foresight Ventures backed the liquidity provider