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Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours


The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral. Since the last week of June, defi...

Multiplier Incentivises Yield Farmers with MXX Tokens


Bitcoin Press Release: Multiplier platform will officially launch the minting of MXX tokens on its platform on the 29th of July, 2020. 27th July, 2020, Switzerland – MXX tokens are designed to balance liquidity for depositors and lenders through algorithmic derived interest rates and yield....

Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value


The most dominant stablecoin in the cryptocurrency ecosystem has seen some competition during the last few years, but the token tether has remained king in the face of rivalry. Just recently, a “Q2’20 review” published by the digital currency data and analytics firm Messari shows...

Centre Obliges Government Request, Freezes Address With $100,000 USDC


Centre Consortium has blacklisted an ethereum address holding $100,000 in USDC, a move that the entity says was “in response to a request from law enforcement.” A joint venture between Circle and Coinbase, Centre is the issuer of the dollar-pegged USDC stablecoin, which runs on...

Risks of Centralized Stablecoins Materialize as 100k USDC Frozen


Centralized stablecoins may be about to face more scrutiny from the crypto community after it was revealed yesterday that USD Coin (USDC) issuer Centre has frozen an address holding USD 100,000 worth of the stablecoin. The actual blacklisting of the address occurred back in June this year, and...

USDC Ends Ethereum Exclusivity, Begins Algorand Partnership


Source: Adobe/Sashkin (edited by Cryptonews) The operator of stablecoin USD coin (USDC) is to end its exclusive relationship with the Ethereum blockchain network and will move to Algorand, with expansion onto other blockchain networks to follow. USDC is run by Centre, a joint project that comprises...

Armoney Recommends Only the Following Cryptocurrencies in India


So, what is cryptocurrency? It’s an internet medium to exchange funds between individuals or corporations to conduct financial transactions. An individual becomes a bank and has control over his own money. Post-COVID will be the beginning of an online transaction era, without the need to...

Bitpay Has ‘No Current Plans’ to Support Liquid or the Lightning Network


According to Bitpay’s Chief Marketing Officer, Bill Zielke, onchain bitcoin payments still rule the roost as far as payments are concerned. Zielke detailed that at least in the near future, Bitpay won’t be supporting the Lightning Network or Blockstream’s Liquid project. Liquid...

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