NY AG directs 2 crypto firms to shut down, investigates 3 others
NY AG “will not hesitate to take whatever actions are necessary against any company that thinks they are above the law,” said Letitia James. Go to Source Powered by WPeMatico
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How to make DeFi easier for newcomers, explained
Navigating through the world of DeFi should be easier, and this company offers a user-friendly solution. Go to Source Powered by WPeMatico
Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings
A FINMA-licensed Swiss bank, Seba, has launched a program enabling clients to earn yield on their crypto holdings. In addition, the bank will “provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and ethereum directly with Seba Bank.” Seba Earn Lets Clients Generate Rewards From Crypto Investments Seba … Read more
SEBA Bank launches problems for users to earn yield on crypto
Customers can currently generate yields on Polkadot, Tezos and Cardano, but the bank said it planned to add more proof-of-stake protocols in the coming months. Go to Source Powered by WPeMatico
Crypto lending firm Celsius Network raises $400M
“It’s not $400 million. It’s the credibility that comes with the people who wrote those cheques,” Celsius CEO said. Go to Source Powered by WPeMatico
Magic Internet Money races past $1B, sets sights on MakerDao
Abracadabra Money enables users to provide collateral via interest-bearing bearing tokens and borrow the Magic Internet Money stablecoin against their holdings. Go to Source Powered by WPeMatico
DeFi platform Vee Finance exploited for $35M on Avalanche blockchain
Vee Finance says it suffered a $35 million attack just a few days after launching the mainnet on Avalanche last week. Go to Source Powered by WPeMatico
Following SEC notice, Coinbase abandons plan for crypto lending program
The exchange hinted at difficulties in regulatory clarity across the crypto industry in its decision to not bring its Lend product to the market. Go to Source Powered by WPeMatico
Defi TVL Climbs Higher, Optimism Use Rises, 270K BTC on ETH, Lending on ETH Taps $44 Billion
In mid-September, the total-value locked (TVL) in decentralized finance (defi) continues to climb higher, as the value held on Ethereum, Binance Smart Chain, Avalanche, Solana, and more blockchains has risen dramatically to $171 billion today. On the Ethereum network, there’s 270,783 bitcoin held in TVL worth more than $13 billion and $15 billion has been … Read more
Texas and New Jersey regulators go after Celsius Network
“Companies dealing in cryptocurrencies are not immune from oversight,” said New Jersey’s acting attorney general Andrew Bruck. Go to Source Powered by WPeMatico
