On Wednesday, the Decentralized asset financing protocol, Centrifuge, officially announced the launching of a new feature called ‘Centrifuge Connectors’ for the users. Centrifuge Connectors is a cross-chain solution which combines the DeFi ecosystem and the Real-World Asset (RWA). This allows the traders to transact across multiple chains. Centrifuge Connecters, a hybrid
Ledger Live has received more than $50 million in gross deposits. Alkemi Network is connecting CeFi and DeFi to create an institution-grade liquidity network. Alkemi Earn joined hands with Ledger Live to make it the first DeFi lending and borrowing app available directly to Ledger users. Ledger is the world’s
Voyager said that it had asked for a partial $25 million USDC repayment by June 24. Alameda has already given Voyager a line of credit to keep solvent. After pledging to prosecute cryptocurrency hedge fund Three Arrows Capital (3AC) for unpaid debt, Voyager Digital has followed through. To put it
Global Emerging Markets (GEM) has announced a $200 million financial injection to drive adoption, grow the company, and strengthen innovation for the CeDeFi exchange, Unizen. The money is tied to certain milestones and results to make the initial investment as efficient as possible. On the 27th of June 2022, Unizen
BlockFi receives a $250 million umbrella loan as per CEO Prince. BlockFi revealed early last week that it was cutting 20% of its personnel. BlockFi and FTX have teamed together to provide a new credit line. Cryptocurrency exchange FTX has granted BlockFi a $250 million credit facility, according to CEO
Celsius delivered $10 million of DAI to Compound, making a large payment to the latter business. Compound Finance, a popular interest-earning DeFi business, has received $10 million worth of DAI stablecoin from the lending platform. To put it another way, the corporation paid back 10 million DAI and received 166
Celsius raised $20.46 million from 1039 investors in June 2020. Dixon’s organization came up with a solution that saved consumers approx $72M. BnkToTheFuture and its co-founder Simon Dixon have volunteered to help Celsius by applying the same “financial innovation” utilized in 2016 to preserve cryptocurrency exchange Bitfinex from insolvency. A
Flash loans are a sort of crypto loan often obtained and reimbursed in a single transaction. The attackers could convert 99,976 USDT and 53.2 wBTC into ETH. For the second time in two months, Inverse Finance has been the victim of a pricing oracle manipulation scam that resulted in the
Babel Finance had a loan balance of over $3 billion by the end of 2021. It had a monthly derivatives trading volume of $800 million. Another cryptocurrency lending service, Babel Finance, based in Hong Kong, has been hit hard by the recent market drop. Babel Finance, citing “unusual liquidity pressures,”
Coinbase and Gemini also chose to reduce the number of employees. The platform claims to have tried multiple ways to decrease losses. As a result of exceptionally challenging market circumstances, BlockFi has chosen to lay off 20% of its workforce. Investors and institutions alike have had a difficult time in
