Ana Grabundzija · 1 day ago · 2 min read
Terra’s Anchor protocol hits $5 billion in TVL, LUNA’s price surges
Terra’s native savings protocol Anchor that offers high yield on stablecoins has reached a new milestone, recording $5 billion in total value locked (TVL).
Billion-dollar crypto trading powerhouse Amber Group is targeting a US IPO listing
Amber Group co-founder and CEO Michael Wu revealed in an interview with the South China Morning Post that the Hong Kong-based crypto service provider is interested in going public in the US within the next two years.
Terra’s Anchor protocol hits $4 billion in TVL 6 months after launch
Just six months after its launch, Terra‘s Anchor protocol surpassed $4 billion in total value locked (TVL).
The SEC may sue Coinbase if the exchange offers crypto lending
Coinbase has publicly disclosed that the US Securities and Exchange Commission (SEC) intends to sue the company over a new lending product, dubbed “Lend.” Despite months of effort to engage with the SEC, the largest cryptocurrency trading platform in the US has revealed that it has been left in the dark about how and why […]
US banks urged to include Bitcoin, crypto in their plans for this crucial reason
In a new report titled “Understanding Crypto: What banks need to know,” the American Bankers Association (ABA) has urged banks across the country to partner with crypto firms.
DeFi summer 2.0? Synthetix, Aave, Sushi pump double digits
The decentralized finance (DeFi) landscape exploded independently from Bitcoin (BTC) last year and the so-called DeFi summer of 2020, which was ignited by emerging staking options, could have a sequel this year.
How DeFi lending can restructure older financial systems
Since the inception of the world’s first cryptocurrency, Bitcoin, we have seen innovations of all kinds – from stablecoins to full-blown decentralized finance projects.
Pancake Bunny token plummets by 90% after $40 million flash loan attack
The price of Pancake Bunny (BUNNY), the native token of the eponymous decentralized finance (DeFi) platform based on the Binance Smart Chain (BSC), plummeted by over 90% after it fell victim to a flash loan attack today.
DeFi platform ‘bEarn Fi’ promises 105% compensation after $10 million hack, but is it the right thing?
Cross-chain decentralized finance (DeFi) yield farming platform bEarn Fi fell victim to an exploit in its smart contract on Sunday, allowing a malicious user to siphon $10.85 million worth of Binance USD (BUSD) stablecoins from one of its vaults.
Ethereum poster child MakerDAO’s annual revenue breaks above $200 million
The total projected annual revenue of lending platform MakerDAO, Ethereum’s decentralized finance (DeFi) “poster child,” has exceeded $200 million over the past weekend, according to analytics website MarketBurn.
Yearn Finance picks up $1 million in YFI as part of planned buyback
Yearn.Finance (YFI), a popular decentralized finance (DeFi) protocol on Ethereum, has bought back $1.164 million worth of YFI tokens yesterday.
Crypto bank BlockFi reaches $3 billion valuation after $350m raise
BlockFi, one of the leading crypto lenders, raised the mammoth amount in a recent Series D round.
Celsius CEO Alex Mashinsky announces self-insurance for all its users’ coins
Crypto banking and financial services platform Celsius Network (CEL) plans to self-insure its users’ funds against unforeseeable losses, its co-founder and CEO Alex Mashinsky announced on Twitter today.
Nexo founder on importance of crypto lending insurance and the differences between the 2017 and 2020 Bitcoin bull run
CryptoSlate recently had the opportunity to chat with the Managing Director of Nexo, Antoni Trenchev.
As crypto lending app Cred suspends withdrawals, Uphold terminates its contract
Crypto lending app Cred purged its services earlier this week amidst allegations of fraud coming to light.
Coinbase to allow Americans to take cash loans with Bitcoin collateral
US crypto exchange Coinbase is going all out with its crypto offerings ahead of a purported bull run, listing DeFi projects, in-demand altcoins, and now a product for loans using one’s Bitcoin.
Aave introduces new upgrade proposal, plans to migrate LEND to AAVE in 100:1 tokenswap
Decentralized financial platform Aave introduced a new plan today that is an integral part of their push towards a more decentralized governance structure.