Category Archive: Cryptocurrency, No picture

How to Mitigate CRV Risk? Abracadabra Proposes 200% Interest Rate Hike

How to Mitigate CRV Risk? Abracadabra Proposes 200% Interest Rate Hike

In a move to manage its exposure to risks associated with Curve DAO (CRV), Abracadabra Money, a cross-chain lending platform, has proposed hiking the interest rate on its outstanding loans by 200%. “We have seen CRV collateral outflowing from our markets into markets with lower LTVs and higher interest [..] As such, we are suggesting […]
Kenya Halts Worldcoin Cryptocurrency Project Amid Security Concerns

Kenya Halts Worldcoin Cryptocurrency Project Amid Security Concerns

The Kenyan government has announced the suspension of all activities related to Worldcoin, the recently launched cryptocurrency project. Minister of Internal Security Kithure Kindiki made the announcement on August 2, citing inquiries into potential risks associated with the project. Government suspends registration of Worldcoin that involves scanning of eyeballs, CS Kindiki says investigations on to […]
Binance Japan Launches, Offering 34 Tokens for Spot Trading

Binance Japan Launches, Offering 34 Tokens for Spot Trading

Binance, the largest cryptocurrency exchange, has announced the launch of Binance Japan, a dedicated platform for Japanese residents. The new offering focuses on providing local customers with an array of services, including a record number of 34 tokens for spot trading. We’re proud to announce that #Binance has officially launched in Japan as Binance Japan […]
Risk of Black Swan Event Could End DeFi? A Look into CRV Liquidity Crisis

Risk of Black Swan Event Could End DeFi? A Look into CRV Liquidity Crisis

Concerns are being raised over the lack of liquidity to sell a substantial amount of Curve DAO Token (CRV), creating the risk of what some experts are referring to as a potential black swan event, outlined in a thread by OlimpioCrypto on Twitter. There’s a risk of a black swan event in DeFi. As per […]
PancakeSwap Launches on Polygon zkEVM for DEX Functionality

PancakeSwap Launches on Polygon zkEVM for DEX Functionality

Decentralized exchange PancakeSwap has officially launched its v3 on the Polygon zkEVM Mainnet Beta, introducing new functionalities for trading and liquidity provision. 🔍 Discover our products on zkSync Era:https://t.co/QgwmbLpEwx 💡 Learn about our Farm development on Polygon’s zkEVM:https://t.co/MIEQ0aqZpb 🌟 Read about our SWAP & LP deployment on Polygon’s zkEVM:https://t.co/Q82SWiPaEy — PancakeSwap🥞Ev3ryone’s Favourite D3X (@PancakeSwap) July 31, […]
Curve Finance and Owner’s $100M Debt: Catastrophe or Slight Inconvenience?

Curve Finance and Owner’s $100M Debt: Catastrophe or Slight Inconvenience?

Curve Finance founder Michael Egorov is facing a complex financial situation as he grapples with roughly $100 million in debt backed by 47% of the circulating supply of Curve DAO (CRV). This revelation comes just as the DeFi protocol is recovering from a $47 million hack. According to crypto research firm Delphi Digital, Egorov has […]
Wombat Exchange’s Ethereum Expansion: A New Burrow Begins August 4

Wombat Exchange’s Ethereum Expansion: A New Burrow Begins August 4

Wombat Exchange, known for its multichain stableswap on BNB Chain, will officially expand to the Ethereum network on August 4, 2023. The expansion aims to leverage Ethereum’s extensive liquidity and capitalize on Wombat’s success on BNB Chain and Arbitrum. 🔥 Breaking News: The long-awaited @ethereum launch is set for August 4, 2023! We’re excited to […]
SEC Continues its Fight, Accuses HEX Founder of $1B Unregistered Securities Violation

SEC Continues its Fight, Accuses HEX Founder of $1B Unregistered Securities Violation

The United States Securities and Exchange Commission has lodged a complaint against Richard Schueler, a well-known figure in the crypto community, accusing him of raising more than $1 billion through unregistered offerings of crypto asset securities. Schueler, also known as Richard Heart, is alleged to have violated federal securities laws by offering HEX, PulseChain (PLS), […]
ENS-Auctioned Ether Moved by Whale; Worth $74M

ENS-Auctioned Ether Moved by Whale; Worth $74M

An Ethereum “whale” has reclaimed 39,712 ETH, equivalent to $119 million, from the Ethereum Name Service (ENS) auction. The funds, associated with the domain “darkmarket.eth,” were locked in the ENS auction and remained unclaimed for over two years and seven months. On-chain analytics firm Lookonchain announced that darkmarket.eth’s 63,734 ETH were transferred to a different […]
CEXs Saving DeFI? Chainlink Rescues Curve Finance Amid $100 Million Vyper Vulnerability

CEXs Saving DeFI? Chainlink Rescues Curve Finance Amid $100 Million Vyper Vulnerability

Curve Finance, a significant player in the decentralized finance (DeFi) protocol, was threatened with near-collapse due to a critical vulnerability in the Vyper programming language. This exploit risked nearly $100 million in digital assets, but a surprising reprieve came from a source normally associated with traditional finance — a centralized exchange price feed. The issue […]