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Flash loans allow users to borrow a high amount of assets without having to provide any upfront collateral, this is often used by miscreants to launch attacks on DeFi protocols. Go to Source Powered by WPeMatico
Liquidator Teneo has recovered only a miniscule portion of the Singapore-based Three Arrows Capital so far, while cofounder Zhu has allegedly tried to sell property there. Go to Source Powered by WPeMatico
With liquidity drying up in the wake of CeFi contagion, borrowers are turning to decentralized finance for their credit needs. Go to Source Powered by WPeMatico
Borrowing to buy crypto has often been advocated for by various influencers, but the consequences may be dire. Go to Source Powered by WPeMatico
Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance proposal that provides “collateral integration from a U.S.-based bank.” The Makerdao governance proposal passed by a majority vote of more than 87%, and it gives the U.S. financial institution Huntingdon Valley Bank the means to leverage a stablecoin vault. Huntingdon Valley … Read more
The stablecoin issuer has once again explained that its investment in Celsius has no impact on its USDT reserves. Go to Source Powered by WPeMatico
The total value of stolen BAYC NFTs has cracked $18.5 million, BNPL comes for NFT buyers and Australia makes big moves in the non-fungible space. Go to Source Powered by WPeMatico
The crypto lender’s liquidation price on its Bitcoin loan has dropped to less than $5,000, according to DeFi industry data. Go to Source Powered by WPeMatico
After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order to “safeguard customer assets.” Five days later on July 1, Voyager announced the crypto company was “temporarily suspending trading, deposits, withdrawals and loyalty rewards.” Another … Read more
The cryptocurrency exchange filed a notice of default to Singapore-based Three Arrows Capital earlier in the week, but promised it would continue operations. Go to Source Powered by WPeMatico
