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Finance Redefined: Three Arrow Capital and Celsius fall brings a tsunami of sell-off in DeFi
17.6.2022
DeFi market saw a sharp decline in its TVL, falling over $25 billion from the last week due to sell-off pressure created by the bear market
Let’s Put EA CEO’s $20 Million Payout In Context
17.6.2022
The CEO of Madden maker Electronic Arts is set to rake in $19.8 million in total compensation for his company’s strong performance in 2021. That’s about half of what it was for 2020 after EA’s Board of Directors cracked down on exorbitant bonuses in the face of shareholder backlash, but still...
Sweeping layoffs, hiring, and firing as crypto prices take a massive downturn
17.6.2022
Brutal economic conditions coupled with dramatically falling crypto prices have led to massive layoffs within the blockchain industry
XRP price technical breakdown boosts chances of a 40% drop by July
17.6.2022
XRP's bearish outlook is driven by a mix of technical and fundamental factors that could see price drop to $0.18 next
Lido Finance Warns Leverage Is a ‘Hell of a Drug’
17.6.2022
After integrating with DeFi major Aave, Lido saw leverage kick up a gear and nudged some larger players to unwind. But plenty of people didn’t
Which decentralized finance innovations are expected by the DeFi community?
17.6.2022
From more non-custodial liquid staking services to more privacy-focused projects, the community shared what they want for the future of DeFi
Crypto lender Babel Finance halts withdrawals due to liquidity pressures
17.6.2022
Hong Kong-based asset manager Babel Finance is the latest crypto lending firm to signal the growing crisis of the cryptocurrency lending industry amid the bear market
BlockFi, Crypto.com, and Others Come Forward Amid Three Arrows Turbulence, Babel Finance Pauses Withdrawals
17.6.2022
After several days of intense discussions and rumors circulating about insolvency at major crypto hedge fund Three Arrows Capital, more details about the financial exposure other companies in the space have had to the hedge fund have emerged, with crypto lender BlockFi being named as...
Babel Finance Suspends Withdrawals, Citing 'Unusual Liquidity Pressures'
17.6.2022
Crypto lender Babel Finance is the latest company to freeze withdrawals following speculation about the possible collapse of hedge fund Three Arrows Capital
Inverse Finance exploited again for $1.2M in flashloan oracle attack
17.6.2022
No user funds have been affected by the exploit, but Inverse Finance has incurred a debt and offered the attacker a bounty to return the stolen funds
Banking uses 56 times more energy than Bitcoin: Valuechain report
16.6.2022
Analysis of Bitcoin’s Proof of Work and the Lightning Network exposes the banking system as energy hungry, demonstrating that Bitcoin is better for the planet
DeFi Protocol Inverse Finance Exploited for $1.2M
16.6.2022
Attackers appear to have used a flash loan attack to drain Inverse Finance of bitcoin and tether
Swapped Finance, the Next-Gen AMM, Launches on Shardeum Network
16.6.2022
Swapped Finance recently announced its launch on the Shardeum blockchain. The platform will introduce a DEX (decentralized exchange), Staking, Yield Farming, and an AMM (automated market maker) to Shardeum. Built on Shardeum, Swapped Finance is being introduced as the simplest way to trade...
Celsius Reportedly Taking Advice from Citigroup, CEO Mashinsky Calls for ‘Patience’ and 'Support'
16.6.2022
The ailing crypto lender Celsius Network (CEL) has reportedly hired the financial giant Citigroup to advise it on its options after Celsius suspended withdrawals, swaps, and between-account transfers earlier this week. Meanwhile, Celsius’ under-fire CEO Alex Mashinsky has returned to Twitter....
Best Blockchain Stocks You Should Invest: Logarithmic Finance (LOG), Chainlink (LINK), & Tezos (XTZ)
15.6.2022
Various advancements have been made throughout the years to improve cryptocurrencies and the crypto market to achieve greater traction. Many investors are looking for alternatives to coins such as Bitcoin (BTC) and Ethereum (ETH), exploring upcoming altcoins making an impact in the market....
NEXO price drops 40% in three days on rumors of ties to 'insolvent' crypto fund
15.6.2022
Nexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations
EU Finance Commissioner Calls for Speedy Passage of Crypto Law
14.6.2022
El Salvador’s Finance Minister ‘Laughs off’ Claims of USD 40M Bitcoin ‘Losses’
14.6.2022
El Salvador’s Minister of Finance Alejandro Zelaya says he is “laughing off” international media reports that claim the nation’s bitcoin (BTC) adoption plans could scupper the economy and that they have left a USD 40 million hole in national finances....
Read More: El Salvador’s Finance Minister...
El Salvador 'has not had any losses' due to Bitcoin price dive, finance minister says
14.6.2022
Salvadoran minister Alejandro Zelaya brushed off the media criticism of the nation’s investments in Bitcoin
Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks
12.6.2022
Huobi, a leading cryptocurrency exchange, has announced the creation of a new investment arm to tackle decentralized finance and Web3 projects. Ivy Blocks, as it was named by the exchange, will focus on finding projects in seed stages to aid them via financing and other supporting services with...