Financial assets of this kind tend to be very unstable and susceptible to manipulation. The proposal won support from Compound Finance’s founder, Robert Leshner. Users of the Compound Finance protocol will no longer be able to lend assets with low liquidity. After “proposal-131” was adopted by the DAO that runs
The BitMEX native token, BMEX, will be listed before the end of next year. This past February, the business airdropped 1.5 million BMEX. After Alexander Hoeptner quit “with immediate effect,” BitMEX nominated chief financial officer Stephan Lutz as interim CEO. The corporation has said that Lutz will remain in his
Seo-joon is said to have “anxiety” and “panic disorder” in the letter. The former head of Bithumb had announced his retirement from the company. After being called as a witness by the Korean National Assembly’s Political Affairs Committee on Monday, Kim Seo-joon, CEO of venture capital company Hashed and an
As the price of XRP recently dropped, more than 205 million XRP were purchased. Positive developments in the critical long-running case are also a factor. Although the overall value of digital currencies has been falling over the previous 90 days, Ripple’s native token, XRP, has been one of the best
Week after week, Binance LUNC burns have decreased. Terra Rebels has now opened an official YouTube channel. Over 1.34 billion Terra Classic (LUNC) tokens were burned in the fourth batch of Binance’s burn mechanism. Nearly 12.5 billion LUNC tokens have been delivered to the burn address by Binance as of
Price manipulation is the problem, as Peckshield put it in a tweet. Peckshield’s blog post revealed that the vulnerability had been reported by Chainsecurity. On October 24th, Quickswap detailed how a $220,000 hack occurred in the Market XYZ lending market. Quickswap Lend is closing, the team announced on Monday through
USN had been inadequately collateralized as per the NEAR Foundation. NEAR Protocol’s USN was an algorithmic stablecoin at launch but later switched. After exhibiting violent behaviors similar to those seen with TerraUSD, a cryptocurrency that dramatically crashed this year and cost investors billions of dollars, the NEAR Protocol stablecoin is
The USDC is a third of the treasury supporting Maker’s Peg Stability Module. The DAO will receive up to 1.5% rewards on the assets. After being presented by Coinbase Institutional on September 6, the proposal passed with 75% approval on Monday afternoon. The USDC is a third of the treasury
Yellow Card is the first cryptocurrency exchange in Africa to receive a VASP license. The exchange also upholds the US Foreign Corrupt Practices Act. Yellow Card, a pan-African cryptocurrency exchange, has acquired important regulatory authorization to keep growing its operations across the region. According to the recent announcement Yellow Card
The attacker stole $570 million worth of cryptocurrency on October 6. Following the discovery of the breach, Binance Smart Chain was disabled. On Monday, Binance CEO Changpeng Zhao told CNBC that the exchange is “narrowing down” the identity of the attacker who stole $570 million worth of cryptocurrency from a
