Defi News

MakerDAO Votes in Favor of Increasing Existing U.S Treasury Holdings

Infinity Exchange Unveils Future of Institutional Fixed Income in DeFi

The decentralized financial system Infinity Exchange has announced the launch of its Testnet, promising remarkable capital efficiency for traders, yield farmers, and real-money investors. Through its hybrid structure on the Ethereum blockchain, which executes computations and risk management off-chain, Infinity Exchange, an Institutional Fixed Income platform, promises to revolutionize the

September 1, 2022 3 mins read

Singapore High Court Grants Hodlnaut Judicial Management

Angela Ee and Aaron Loh of EY Corporate Advisors Pte are temporary managers. To save costs, Hodlnaut let off 80 percent of its workforce last week. The Singapore High Court have just now approved judicial management for the cryptocurrency lending platform Hodlnaut. The official announcement announces that Angela Ee and

August 30, 2022 1 min read

Compound Community Votes to Halt Activity of 4 Cryptocurrencies

Leading DeFi Protocol Compound Releases New Upgrade

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

August 26, 2022 2 mins read

Ledger Teams Up With PayPal Offering On-ramp Solution

Intermediaries No Longer Need to Manage Digital Assets, Says Ledger CEO

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

August 26, 2022 2 mins read

Celsius’ Request Approved For Claims Submission Deadline

Crypto Lending Platform Celsius Files Countersuit Against KeyFi

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,

August 24, 2022 1 min read

Creditors of Voyager Digital File Petition Over Retention Proposal

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

August 22, 2022 2 mins read

DeFi Platform Fei Protocol’s Founder Devises Ghosting Tribe DAO

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

August 21, 2022 1 min read

Yupana.Finance: Tezos’s First Lending Protocol Released by Madfish

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

August 18, 2022 1 min read

Court Grants Celsius Network Approval To Sell New Mined Bitcoins

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

August 17, 2022 1 min read

A Brief Overview of Cryptofinance Platform: Cake DeFi

Cash Flow Over the Cake DeFi Platform Has Been Increased

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

August 17, 2022 2 mins read