Recently released records indicate that London-based crypto lending firm Nexo has completed the necessary procedures to have its subsidiaries, Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd., removed from the United Kingdom’s companies register. Nexo co-founder Antoni Trenchev was quoted in a recent Bloomberg article as saying the
Due to the failure to reach acquisition agreements with Binance and FTX.US, Voyager Digital plans to self-liquidate its assets and cease operations. The exchange’s unexpected insolvency and the following arrest of its CEO, Sam Bankman-Fried, caused the aborted FTX-Voyager purchase to fall through. Although the digital asset market has been
On Saturday, May 6, 2023, the total TVL across all DeFi platforms was $49.31 billion, with Lido Finance in the lead with a 24.82% stake, or $12.24 billion. Since last month, Lido’s TVL has increased by 9%, with a modest weekly growth of 2.42%. MakerDAO, Aave, Curve Finance, and Uniswap
Celsius Network, a cryptocurrency lending platform, has announced that certain customers will soon be able to recover their whole initial investments. Even though it has been almost a year since the company temporarily halted withdrawals. Users of Celsius who have only ever had their funds in custodial accounts were previously
Over $6 million worth of the stablecoin DEI used by the Decentralized Finance (DeFi) protocol DEUS Finance was stolen. PeckShield, a blockchain security company, claims that on May 5 a hacker took advantage of a flaw in the BNB Smart Chain (BSC). More than $1.3 million was stolen in a
Optimism, an Ethereum-based layer 2 companion blockchain, is going to utilize the Ethereum Attestation Service (EAS). The Ethereum Attestation Service (EAS) is an on-chain attestation system. That enables users to assess the integrity of the platform’s users and vouch for whether anything transpired on the blockchain. The Ethereum Attestation Service
RenQ Finance has been one of the most exciting projects in the DeFi space, with a strong team and a focus on cross-chain interoperability. The project’s presale has been an immense success, with the final stage of the presale almost complete, having already sold 80% of the available tokens. This
RenQ Finance (RENQ) is a decentralized finance (DeFi) platform that has been gaining a lot of attention in the cryptocurrency market. With its innovative features, strong community support, and growth potential, RenQ Finance is considered by many to be the most promising project of 2023. In its ongoing presale, RenQ
Lending protocol on Polygon and Polygon zkEVM, 0VIX, purportedly exploited to the tune of $2 million. Multiple stablecoins, including Ethereum and Polygon’s native MATIC token, as well as Aavegotchi’s staked vGHST token, may be used as collateral thanks to this protocol. Aavegotchi is a blockchain-based game that takes inspiration from
A Permanent Testnet deployment has been made available on Sui’s public testnet by Turbos Finance, a non-custodial decentralized exchange (DEX) on the Sui network that enables spot and derivatives trading. This crucial stage coincides with the Sui Network’s preparations for its May 3, 2023 debut. With the help of Mysten
