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The Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi Collateral Loans as ‘Black … Read more
Financial measures to fight the COVID-19 pandemic might force the adoption of stablecoins worldwide Go to Source Powered by WPeMatico
In response to coronavirus pandemic, the industry of emerging technologies, such as crypto, has a chance to prove its success Go to Source Powered by WPeMatico
Developers from the organization General Protocols have announced the launch of a synthetic derivatives platform built on Bitcoin Cash. The project Anyhedge aims to be the first decentralized finance (defi) protocol on any branch of Bitcoin and the platform will launch in cooperation with Cryptophyl’s new non-custodial exchange, Detoken. Also read: Film Reels and Steel: … Read more
The decentralized finance industry requires decentralized liquidity in order to prove itself as a successful financial instrument for the future Go to Source Powered by WPeMatico
Book Review – CoinGecko’s ‘How to DeFi’. A great guide for beginners wanting to understand more about Decentralized Finance Go to Source Powered by WPeMatico
Celsius Network founder and CEO Alex Mashinsky noted the Celsius Network’s profitably and resilience amid shaky global markets Go to Source Powered by WPeMatico
The MakerDAO governance has approved stablecoin USDC as the third collateral type accepted in the Maker Protocol Go to Source Powered by WPeMatico
Two recent flash loans on the defi platform Bzx have started a fierce debate about the subject of using uncollateralized loans in a quick trade. Essentially these flash loans are providing people with the ability to borrow crypto without relinquishing any collateral. The scheme was used to exploit funds from the Bzx platform twice, as … Read more
During the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created with the Ethereum network. However, the tBTC effort claims to be a noncustodial application that allows users to deposit BTC, mint tBTC, and lend it with interest. Also Read: Market Update: Bitcoin Halving … Read more
