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A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of a contagion-level event remains. Go to Source Powered by WPeMatico
The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation. Go to Source Powered by WPeMatico
The service allows users to borrow up to $1 million with no credit check, provided they post Bitcoin as collateral. Go to Source Powered by WPeMatico
The cash infusion reportedly followed Gemini attempting to get funding from outside investors without success. Go to Source Powered by WPeMatico
At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn’t need to, according to court documents. Go to Source Powered by WPeMatico
According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that SVB owned across the United States. Silicon Valley … Read more
While going through the unfamiliar process of wrapping NFTs, Riley accidentally sent the asset to a burn address, permanently deleting the NFT from circulation. Go to Source Powered by WPeMatico
An analysis of the rising inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar shutdown if depositors decide to withdraw all funds. Go to Source Powered by WPeMatico
DeFi market saw another exploit this past week on the Platypus protocol, resulting in a loss of over $8 million. Go to Source Powered by WPeMatico
The misordered lines caused a solvency check to be performed before the user’s amount, factor, and rewardDebt had been set to zero Go to Source Powered by WPeMatico
