Stone has been seeking to settle “a significant sum of money” that Celsius owes KeyFi. Stone claimed that the DeFi account 0xb1 was handling roughly $2 billion in assets. Jason Stone, a DeFi entrepreneur and CEO of KeyFi, Inc., is suing Celsius, a crypto lending platform, for allegedly failing to
The DeFi project’s staff said it had received an on-chain response from the hacker. The firm submitted its modified coding to the blockchain security company Slowmist. Approximately $8.7 million in crypto assets were stolen from the DeFi project Crema Finance on July 2, 2022. According to Ottersec, a blockchain auditing
On Monday, the company suspended operations and stopped client withdrawals. Since June 12, withdrawals totaling $197.7 million have been reported by the firm. The Singapore-based crypto lender Vauld has inked a preliminary term agreement with Nexo today. Due diligence on the proposed purchase would be conducted by Nexo within a
CoinLoan said that the safeguards would only be in place for a short period of time. The previous maximum withdrawal limit was $500,000 a day. Currently, CoinLoan has a daily withdrawal limit of $5,000, a 99 percent drop from its former maximum. An increase in money withdrawals necessitated the company’s
DeFi on Bitcoin has a promising future, regardless of whether one uses Rootstock, Stacks, DeFiChain, Portal, or any other solution. More and more apps, products, and services may be created by programmers every day. In the cryptocurrency market, Bitcoin is still the most popular choice for both retail and institutional
To make it easier to move ETH, USDC, BUSD, and other digital assets across the RSK, Ethereum, and BNB chains, Multichain has integrated with the RSK blockchain. DeFi is now more accessible to Bitcoin users after the first Bitcoin sidechain was integrated into Multichain. Multichain bridge users may now make
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
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
