Cryptocurrency Analysis and News Portal
Traders pile into short positions in the perpetual futures market as potential liquidation of founder's crypto borrowing may destabilise the broader decentralized finance ecosystem. Original Source
Read More
Decentralized finance (DeFi) protocols like Flux rely on smart contracts instead of middlemen to provide financial services, such as lending and borrowing, to users. On the other hand, yield farming refers to users getting rewarded with a project's tokens for providing liquidity to that project. Source
Read More
The crypto-friendly bank wrote off $47.9 million in loans, primarily mining rig-collateralized debt. Original Source
Read More
According to a new document published on Dec. 7, South-African auditor Mazars confirmed that cryptocurrency exchange Binance possessed control over 575,742.42 of customers' Bitcoins (BTC) worth $9.7 billion at the time of publication. Through the process, Mazars stated that "Binance was 101% collateralized."The scope of the inquiry included customers' spot,
Read More
Opium Finance has released collateralized debt obligation products (CDOs) for Compound Finance’s automated lending markets, Opium Protocol founder Andrey Belyakov told CryptoX in a phone interview Friday.Investors can put up the Compound debt token cDai – and soon Uniswap LP tokens – to diversify exposure to DeFi lending markets. Opium’s
Read More
Eris Clearing LLC, the clearing arm of Eris Exchange, has won the Commodity Futures Trading Commission’s blessing to provide clearing services for fully collateralized swaps in addition to its existing business of clearing virtual currency products. Source
Read More