Cryptocurrency Analysis and News Portal
Prominent crypto investment funds are turning to tokens of the Stacks Network as they bet on the growth of Bitcoin. Stacks is a so-called layer 2 companion chain for smart contracts focused on bitcoin (BTC), the largest cryptocurrency by market cap, allowing for the creation of related financial products. Original Source
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$700,000 worth of funds has been drained from BNB Chain DeFi protocol LaunchZone, with the project alleging that an attacker has carried out an exploit.Details remain scarce after more than 80% of funds in the LaunchZone liquidity pool were drained on Feb. 27. A message on the project’s official Telegram
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The total value of crypto assets deposited in liquid staking protocols was $14.1 billion as of European hours on Monday, making it the second-largest crypto market sector, according to data source DeFi Llama. The total value locked in the DeFi lending and borrowing protocols was $13.7 billion, the third largest,
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The value of the crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value locked (TVL) in decentralized finance (defi) has slipped below the $50 billion mark to $49.8 billion. The TVL in defi has fallen by 2.24% over the last
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But Peter Johnson, the lead plaintiff, claimed that Maker advertised the over-collateralization policy as a safeguard that caps losses at 13% and that the collateral would return to users. When ETH’s price sharply dropped in March 2020 during a market-wide crash, his position and that of many others on the
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The Bank of Canada has released a working paper that examines lending protocols in decentralized finance (DeFi) with regard to sources of instability and their relation to crypto asset prices. Its findings point to potential ways to optimize DeFi lending platforms, or possibly the practical limits of decentralization.The authors of
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Although yet to decide on a digital euro, the ECB already believes the CBDC should prioritize online payments and peer-to-peer transactions. According to the European Central Bank (ECB), the upcoming digital euro should prioritize online and peer-to-peer payments. In a recent online publication, the Eurosystem banking entity explained that other possible
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DeFi protocol Platypus is in talks with Aave and stablecoin issuer Tether in order to recover the funds stolen from last week’s exploit. In a major announcement on Thursday, February 23, decentralized finance (DeFi) for stablecoins – Platypus Finance – announced a major compensation to users affected in
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Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation on its proposed regulatory requirements for digital
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Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage. Forsage Founders Charged With
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