The release is the result of a successful governance proposal. As of right now, customers may only withdraw their collateral. To simplify the process of borrowing and lending cryptocurrency, Compound, the leading DeFi protocol, has released a new “streamlined” version of the protocol dubbed Comet. The release is the result
Pascal Gauthier says there is no longer a need for centralized exchanges. Consumers should utilize decentralized technology, as per the Ledger CEO. Pascal Gauthier, the CEO of Hardware wallet developing technology, Ledger recently warned the consumers in connection with investing in centralized exchanges. In an interview held at the Bitcoin
About a month ago, KeyFi claimed that Celsius had scammed it out of money. Celsius suspended client withdrawals on June 13. Celsius has filed a countersuit against its ex-partner. Celsius, a cash-strapped crypto lending organization, has filed a lawsuit against KeyFi, a DeFi strategy firm, and its CEO Jason Stone,
Voyager Digital filed an application with the United States Bankruptcy Court. The creditors of the exchange, however, did not agree with the plan. The Unsecured Creditors Committee of Voyager Digital Holdings has filed a petition objecting to the business’s plan to retain its workers by offering them financial incentives to
Fei Protocol offered the hacker $10 million in exchange for the restoration. The agreement strives to protect the FEI peg without the requirement for governance. To mitigate the effects of an assault in April 2022 that syphoned out approximately $80 million from several Rari Fuse pools, the DeFi platform Fei
The open-source, decentralized, non-custodial lending protocol Yupana.Finance just made the long-awaited announcement that it is bringing the advantages of a credit protocol to the Tezos community. Similar to other DeFi ecosystems, Tezos users may now borrow, lend, and get rewards. Tezos’s First Comprehensive Lending Protocol Yupana is already deployed on
Celsius mined 432.30 BTC in July, which is equivalent to nearly $10.3 million. Judge Martin Glenn of the Bankruptcy Court reached the ruling. Troubled crypto lender Celsius Network received a reprieve when the court supervising the firm’s bankruptcy case allowed the company to sell freshly mined Bitcoin. Although there were
The Singapore-based cryptofinance platform Cake DeFi has now launched its Q2 Transparency Report, which details the company’s accomplishments for the period. Despite Q2 2022 being one of the worst times for the cryptocurrency industry and the overall investment sector, Cake DeFi experienced its best quarter ever in terms of user
The Polkadot parachain Acala implements the Horizon cross-chain stablecoin protocol. The attackers’ excessive minting of aUSD stablecoin caused its value to plummet. Many people see Polkadot as the next logical step for Ethereum’s ecosystem. While it has shown promise in certain respects, a major attack was discovered today using one
The duo has been accused of continuously exaggerating the capabilities of their service. Voyager Digital filed for chapter 11 bankruptcy in early July. Mark Cuban, the owner of the NBA’s Dallas Mavericks, is being sued by both Voyager Digital investors and Mavericks supporters. Moskowitz Law Firm has initiated the class
