Earlier, officials in Kentucky claimed that Nexo was insolvent. Nexo created three loans and sent $530 million to MakerDao. A cryptocurrency wallet address identified as NEXO 0x8fd withdrew 7,758.8 Wrapped Bitcoin (wBTC) from MakerDAO. At the time equivalent to almost $153 million. This is only days after market experts forecast
Peckshield provided a flowchart to illustrate the movement of the stolen assets. Transit Swap thanks its customers for their patience and faith. About $21 million was stolen from the multi-chain decentralized exchange (DEX) aggregator Transit Swap after a hacker took advantage of a flaw in a swap contract. The company
U.S. Trustee William K. Harrington filed paperwork with the court. Harrington criticized Celsius’s timing for releasing the money. Resuming withdrawals is a top priority for Celsius, but the company may have to wait since the U.S. Trustee Program (which regulates the management of bankruptcy proceedings) has concerns. Celsius sought approval
Uniswap (v3) has 45.2% of the market share in terms of the trading volume. The native token UNI of the platform has recently outperformed the market. Each company has taken its own unique approach to reach its ultimate objective, which may include anything from introducing new goods to raising capital
Radix, the asset-focused DeFi smart contract platform, has now launched the Alphanet test network in anticipation of the impending Babylon release. The current Radix Public Network will get its first significant upgrade with the release of Babylon. Among all available options for DeFi, only Radix offers a comprehensive stack. Radix
In the initial release, built on Ethereum, users will only be able to pay in ETH. Ribbon Finance also launched Ribbon Earn and Ribbon Lend. The market for cryptocurrency derivatives is becoming more active. Ribbon Finance unveiled its new “high-performance” options exchange, Aevo, today. In the initial release, built on
The company has been granted authorization to sell Bitcoin it has mined. Celsius Network was silent for weeks before filing for bankruptcy. The CEO of the defunct crypto lender Celsius Network, Alex Mashinsky, has resigned, as reported by a New York law firm in a news release published on Tuesday.
Summit National Bank is a US federally chartered bank, founded in 1984. Customers of Summit will now have access to blockchain products. Nexo, a cryptocurrency lending platform, recently revealed that it was acquiring a stake in Summit National Bank, based in Wyoming. Taking a stake in the US federally chartered
Voyager’s existing CEO, Stephen Ehrlich, will act as interim CFO. This past July, Voyager declared bankruptcy under Chapter 11. During the COVID-19 epidemic, crypto lenders like Voyager saw an influx of customers attracted by the high-interest rates and convenient loan terms they provided compared to conventional financial institutions. CFO Ashwin
It was announced today that the DFI token, issued by DeFiChain, would be listed on Gate.io, one of the world’s biggest cryptocurrency exchanges. DeFiChain is the premier blockchain on the Bitcoin network devoted to providing decentralized financial apps and services to everyone. DeFiChain has taken a huge step toward achieving
