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
The average daily fee collected from daily exchanges between June 15 and June 21 was $4.1 million. Uniswap beat Ethereum in terms of daily fees paid above the moving seven-day average. Uniswap Beats Ethereum According to statistics on crypto-fees, the average daily fee collected from daily exchanges between June 15
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
Decentralized finance (DeFi) is a growing sector that has the potential to transform the current financial system. The necessity for an accessible, honest, and safe monetary network is at the heart of the decentralized finance vs. traditional finance argument, therefore it’s no wonder that decentralized finance is slowly gaining ground
Eurosystem Centre will examine various cryptographic options and evaluate them. The BIS Innovation Hub’s Hong Kong Centre will engage with the UNFCCC. BIS is launching a cryptocurrency market intelligence portal as part of the Eurosystem Centre initiative. Traditional and crypto payments are being targeted by a new set of BIS
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,”
Sometimes you need to exchange tokens from one chain to another. But it’s hard to pick them quickly, because there are so many blockchains and bridges for them, and the probability of getting into a scam bridge is very high. DeFi.Watch added a new service: it’s called Bridges. You are
