Finance Redefined: DeFi market fell off the cliff in Q2, but there’s hope
Analytical data reveals that DeFi’s total value locked registered a minor dip from the past week, falling to a value of $56.45 billion. Go to Source Powered by WPeMatico
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DeFi token AAVE faces major correction after soaring 100% in a month
More than 50% of AAVE’s recent gains appeared after Aave Companies proposed to launch a native stablecoin. Go to Source Powered by WPeMatico
Cred Protocol unveils its first decentralized credit scores
Releasing the results of its first credit score on the Aave Protocol, a decentralized credit scoring mechanism called Cred Protocol is set to expand to Compound and MakerDAO. Go to Source Powered by WPeMatico
UNI, MATIC and AAVE surge after Bitcoin price bounces back above $20K
Bitcoin, Uniswap, Polygon and Aave turned green just a day after the highest CPI print in over 40 years. Go to Source Powered by WPeMatico
Vermont becomes the sixth US state to launch investigation against Celsius
The state financial regulator alleged that Celsius violated state security laws by offering high crypto interest rate accounts to customers and unethically using clients’ funds to invest in illiquid products. Go to Source Powered by WPeMatico
3AC co-founder returns to Twitter, blames liquidators for “baiting”
The tweet attracted wild reactions from the community with several accusing the co-founder of playing the blame game while his whereabouts are unknown. Go to Source Powered by WPeMatico
Voyager can’t guarantee all customers will receive their crypto under proposed recovery plan
The crypto lending firm said that the exact amount reimbursed to users will “depend on what happens in the restructuring process and the recovery of 3AC assets.” Go to Source Powered by WPeMatico
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius was “overcollateralized” by roughly “130%+.” Tether Liquidates Bitcoin Loan Taken … Read more
Top 4 Cryptocurrency Borrowing & Lending Protocols to Watch in 2022
There are several widespread lending and borrowing projects in the crypto ecosystem. This article will highlight 4 of them. These platforms help users borrow cryptocurrencies and earn interest while leveraging crypto assets to generate revenue. You can also invest in these projects using your cryptocurrency. While regulators are still trying to figure out whether to … Read more
DeFi protocol Porter Finance shuts down bond issuance platform after just one month
The firm cited better interest rates from traditional finance loans and regulatory risks in mulling the bond platform. Go to Source Powered by WPeMatico