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Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights
25.1.2024
Market analysis reveals ongoing stability challenges for the stablecoin trueusd in maintaining its targeted $1 peg. As of 10:30 a.m. Eastern Time (ET) on Jan. 25, 2024, the token’s trading value fluctuated between $0.979 and $0.981. Concurrently, the Aave-developed stablecoin GHO has seen...
Tron Founder Justin Sun Withdraws Altcoins Worth $60M in One Month
22.1.2024
Source: Adobe / prima91 Justin Sun, founder of Tron and HTX advisor, has reportedly withdrawn $60 million worth of altcoins from Binance exchange in a span of one month. Per data from Lookonchain, Sun withdrew the maximum assets in Ethereum (ETH) worth $43 million, followed by $6.7 million worth...
Tether Market Cap Nears $95 Billion; Promising Outlook for Aave and InQubeta Gains
18.1.2024
The introduction of stablecoins into the crypto landscape has proven useful, although some haven’t been as stable as the name implies. Tether (USDT) is one such company that creates stablecoins, and is the most popular stablecoin in the world. The recent USDT creation of one billion tokens...
Decentralized Platform Aave Wins Community Votes to Onboard PYUSD Stablecoin
11.1.2024
Source: AdobeStock / Sundry Photography Aave, a decentralized platform that allows users to borrow/lend crypto, might consider adding PayPal’s PYUSD stablecoins to its Ethereum pool. The platform proposed its plans to integrate PYUSD stablecoin in December, seeking community vote. The voting window...
Aave Community Votes To Integrate PayPal’s Stablecoin
11.1.2024
Majority of token holders favor onboard PYUSD in AAVE's Ethereum pool, the ongoing vote shows
Best Crypto to Buy Now December 28 – Bitcoin SV, Aave, Arbitrum
28.12.2023
BSV, AAVE, and ARB might be the best cryptos to buy now, alongside ongoing crypto presales Sponge V2 and Meme Kombat. Image by cryptonews.com. Select cryptocurrencies are exhibiting bullish behavior to close out the year, making them potentially among the best cryptos to buy now–with Bitcoin...
GHO Stablecoin Fails to Enforce Dollar Peg Amid Criticism, Receives D Grade From Bluechip
22.12.2023
Roughly three weeks ago, Bitcoin.com News covered the stablecoin GHO, when it achieved a notable milestone by reaching $0.98 per coin. However, on December 11, the token experienced a slight dip, hitting $0.975 per unit. Despite some improvement in its stability, the stablecoin has still...
Best Crypto to Buy Now December 15 – Helium, Aave, Osmosis
15.12.2023
Technical indicators highlight Helium, Aave, Osmosis, Bitcoin ETF Token, and TG.Casino as having potential upside for investors seeking the best crypto to buy now. Image by cryptonews.com. As the cryptocurrency market fluctuates with volatility, investors seeking the best crypto to buy now...
Stani Kulechov Defied Crypto Winter
4.12.2023
With upgrades to the Aave lending/borrowing protocol and Lens, an open-source social media protocol, the Estonian native kept BUIDLing in a down-market
Value Locked in Defi Nears $50B With 34.40% Surge in 46 Days, Led by Top Protocols
3.12.2023
The total value locked (TVL) in decentralized finance (defi) is on the brink of surpassing the $50 billion threshold, standing at $48.91 billion currently. This figure marks a significant rebound from the low of $36.39 billion recorded 46 days ago, on October 18. Over this period, the TVL in defi...
GHO Stablecoin Hits $0.98 Target as Strategic Initiatives Spearhead Turnaround
2.12.2023
Beginning in mid-July 2023, the stablecoin from Avara (previously known as Aave), a decentralized finance firm, consistently traded below its target $1 peg, reaching a low of $0.917 on October 24. Nonetheless, in recent weeks, the Liquidity Committee of the project undertook efforts to rectify this...
Aave's GHO Stablecoin Nears Elusive Dollar Peg
28.11.2023
Over 100 Physical Attacks on Bitcoin Owners Documented Since 2014, Research Reveals
28.11.2023
In light of recent physical assaults targeting bitcoin owners, Jameson Lopp, co-founder of Casa, revealed a substantial list of such attacks on crypto holders, tracing back to 2014. Lopp’s research points out that the list, documenting over a hundred physical assaults, likely represents just...
Aave Companies transformed into Avara
20.11.2023
It is indeed a landmark occasion, the transformation of Aave Companies into Avara. Aave Companies had Aave, Lens, GHO, and more under its umbrella brand. The company has taken over Los Feliz Engineering (LFE), the inventive team responsible for Family. They will now all be actively involved...
The Quest to Stabilize GHO — Navigating Challenges to Reach $1 Peg Amidst Aave’s Corporate Rebrand
17.11.2023
The blockchain technology enterprise Aave Companies, recently rebranded as Avara, is still navigating challenges in stabilizing its stablecoin GHO, which is currently struggling to sustain its desired $1 peg. The project’s Liquidity Committee is actively working on strategies to strengthen...
Aave Rebrands to Avara, Announces Latest Acquisition in Web3
17.11.2023
Source: Avara Aave has announced its rebranding to Avara and the acquisition of Los Feliz Engineering, a Los Angeles-based web3 startup. Avara is the home to some of the most innovative web3 brands: @aave, @lensprotocol, @ghoaave, @sonar, and now @family all building towards a people powered...
Aave Companies rebrands to Avara, acquires Ethereum self-custody ‘Family Wallet’
16.11.2023
Liquidity protocol Aave’s parent company has been rebranded to Avara as it looks to streamline its suite of infrastructure products to attract a broader Web3 user base
Today in Crypto: SC Ventures’ Platform to Enable First-Ever Tokenized Singapore Dollar Government Bond Fund, Pundi X Reveals ‘Pay via Email’ Feature
14.11.2023
Source: AdobeStock / Alex Yeung Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Banking news SC Ventures, the innovation, fintech investment, and venture arm of banking giant Standard Chartered...
Lens, Aave's Decentralized Social Media Platform, Launches Major Upgrade on Polygon
13.11.2023
The open source protocol spearheaded by DeFi giant Stani Kulechov has released a bevy of new monetization features
Mango Markets’ exploiter to face trial in April, and Coinflux shuts multichain: Finance Redefined
10.11.2023
The Mango Markets exploiter’s trial was first scheduled for December 2023; however, during one of the court hearings, the accused convinced the judge to delay the trials for a few months