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CVI Takes Aim At Bancor’s ‘Flawed’ Impermanent Loss Protection
28.6.2022
The Bancor protocol has come under attack from rival DeFi platform Crypto Volatility Index (CVI) following its widely publicized decision to temporarily pause its impermanent loss insurance program due to what it said were “hostile market conditions”. Shahaf Bar-Geffen, the CEO...
Bancor pauses impairment loss protection citing 'hostile' market conditions
20.6.2022
Veteran DeFi protocol Bancor came under heavy scrutiny for pausing the impairment loss protection program at a time when liquidity providers need it the most
Portfolio in the red? How tax-loss harvesting can help stem the pain
17.6.2022
“If you've made a sale during the tax year, and you've sold at a loss, there's basically a benefit there,” says Koinly’s head of tax
Bitcoin price drops to lowest since May as Ethereum market trades at 18.4% loss
12.6.2022
Bitcoin threatens its lowest weekly close since late 2020 as low weekend liquidity exacerbates existing weakness
Osmosis to Cover Possible $5M Exploit Loss; Chain to Remain Halted for 2 Days
9.6.2022
The Osmosis Chain will remain frozen for 48-hours following an exploit that resulted in an estimated $5 million loss
Wintermute's 'Amateur Mistake' Leads to Loss of 20M Optimism Tokens
9.6.2022
A mistake by crypto market maker Wintermute has resulted in the loss of 20m Optimism (OP) tokens currently worth USD 17m.
In preparation for the OP token launch, Wintermute was to receive "a temporary grant" of OP 20m for liquidity provisioning services. After successfully sending two test...
DeFi community rallies behind PoolTogether to hit $1.4M NFT defense funding target
6.6.2022
“Don't have a lot of words right now. Blown away by how the community has rallied around PoolTogether Inc and myself,” said PoolTogether co-founder Leighton Cusack
GameStop Eyes Incoming NFT Marketplace As Net Loss Widens
2.6.2022
Following the mixed financial results for the first quarter of the fiscal year 2022, the video game retailer GameStop said that it is taking steps to upgrade its digital asset wallet, with plans to enable transactions on its designed GameStop non-fungible token (NFT) marketplace upon...
PoolTogether raises 471 ETH with NFTs to fund legal defense
1.6.2022
The platform has already raised more than half of its target and still has another 21 days to go before the NFT funding campaign ends
Australian Taxation Office to Focus on Capital Gains From Crypto Assets
18.5.2022
The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of digital coins and tokens and record it in their...
Galaxy Digital Sees Quarter-to-Date Loss of $300M
13.5.2022
Cryptocurrency-focused financial services firm Galaxy Digital (GLXY) said it expects it had a loss of around $300 million so far this quarter
Michael Saylor welcomes FASB vote to review crypto accounting standards
12.5.2022
The FASB is set to review its accounting rules for digital assets, which could see firms no longer be required to report crypto such as BTC as “intangible assets” on their balance sheets
Bancor 3 goes live with impairment loss protection for liquidity providers
11.5.2022
Bancor’s new liquidity mining strategy promises to bring organic on-chain liquidity and make DeFi staking easier for DAOs
Nifty News: Azuki founder under fire, CryptoPunk sells for a major loss...
11.5.2022
The founder of the Azuki NFT project has been accused of abandoning three projects and Instagram has partnered with Dapper Labs to roll out Flow NFT support
Coinbase CEO has ‘never been more bullish’ even after $430M Q1 loss
11.5.2022
“There are so many customers beating a path to our door that we have to have all hands on deck just to keep everything running,” Coinbase CEO Brian Armstrong explained on earnings call
Crypto Downturn Shakes Digital Collectible Markets as NFT Sales Slip 42% Lower Than Last Week
10.5.2022
Non-fungible token (NFT) markets are starting to feel the pain from the crypto market carnage that’s taken place during the last week. Over the last seven days, NFT sales have dropped 42.85% lower than the previous week. NFT sales on Ethereum were hit the hardest as the blockchain saw...
Galaxy Digital reports $112M Q1 loss, citing crypto price volatility
9.5.2022
Bitcoin and altcoins declined sharply in the first quarter in a selloff that was partly triggered by a shift in central bank policy
Galaxy Digital Records Q1 Loss of $111.7M Amid Fall in Crypto Prices
9.5.2022
Cryptocurrency-focused financial services firm Galaxy Digital has recorded a net comprehensive loss of $111.7 million for the quarter-ended March 31 2022
Attackers Steal $80 Million From Rari Capital’s Fuse Platform, Fei Protocol Suffers From Exploit
30.4.2022
According to a report from the blockchain company Blocsec, Rari Capital’s Fuse platform has lost roughly $80 million from a “reentrancy vulnerability.” On Saturday, Fei Protocol’s official Twitter account confirmed it lost funds from the Rari Fuse platform exploit....
Meta’s Reality Labs posts $2.9B loss: 'I recognize it’s expensive' says Zuck
28.4.2022
Meta’s Reality Labs division posted a $2.9 billion loss in Wednesday’s Q1 earnings call but Zuckerberg remains optimistic about future profitability from the metaverse