NEXO price drops 40% in three days on rumors of ties to ‘insolvent’ crypto fund
Nexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations. Go to Source Powered by WPeMatico
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Iowa regulator orders BlockFi to pay $943K over alleged unregistered securities offering
The IID ordered BlockFi to pay an administrative fine as well as cease and desist “from making any untrue statement of material facts regarding securities.” Go to Source Powered by WPeMatico
Ethereum crashed by 94% in 2018 — Will history repeat with ETH price bottoming at $375?
ETH’s latest plunge could bring more pain despite expectations that $1,200 should hold. Go to Source Powered by WPeMatico
Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH
ETH managed a sharp rebound after falling to $950. But the ETH/USD bearish continuation setup could have it revisit it. Go to Source Powered by WPeMatico
Ethereum price enters ‘oversold’ zone for the first time since November 2018
Ether’s price rebounded by nearly 400% after its RSI turned oversold the last time. Will this time be different? Go to Source Powered by WPeMatico
DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%
Liquid staking firms could default on their Ether obligations if “the Merge” does not happen. Go to Source Powered by WPeMatico
TrueFi launches on Optimism, expanding access to on-chain credit
Several projects have launched on Optimism this year with the goal of giving users instant transactions and lower gas fees. Go to Source Powered by WPeMatico
These are the least ‘stable’ stablecoins not named TerraUSD
Some stablecoins have failed to deliver the dollar’s stability to crypto traders long before TerraUSD’s collapse. Go to Source Powered by WPeMatico
Bitcoin price action decouples from stock markets, but not in a good way
Conflicting Bitcoin derivatives data shows leverage traders bullish, while pro traders fear a deeper correction below $29,000. Go to Source Powered by WPeMatico
DeFi transforming lending routes on the blockchain
Decentralized routes of lending and borrowing through smart contracts are allowing DeFi finally to overthrow the traditional finance sector. Go to Source Powered by WPeMatico