Curve Finance soft liquidation works, but CRV plunges 28%
Curve Finance’s LLAMMA successfully handled liquidation during a hack attempt, but the CRV token fell by 28%, sparking concerns in the DeFi community.
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‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS
The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option. 137 Total views 10 Total shares Stablecoins lack crucial mechanisms that guarantee money market stability in fiat, and an operational model that gave regulatory control to a central bank would be superior to private stablecoin, a study
NYDIG acquires Bitcoin micropayments firm Bottlepay
Former Goldman Sachs partner NYDIG partook in Bottlepay’s seed funding round in March 2021. 744 Total views 5 Total shares Bitcoin (BTC) investment firm New York Digital Investment Group, or NYDIG, has announced the acquisition of United Kingdom-based micropayment service Bottlepay for an estimated fee between $280 million and $300 million.NYDIG previously participated in the…
Major South Korean Crypto Exchange Bithumb Launches R&D Center
South Korean cryptocurrency exchange Bithumb has established its own research and development (R&D) center.According to an announcement on Jan. 6, the initiative makes Bithumb the first company with a blockchain and cryptocurrency research center in South Korea. Bithumb expressed high hopes for the research center’s impact on the company:“Bithumb will become a leading company in…
Ethena’s USDe beats DAI to become 3rd-largest stablecoin
The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields.
NatWest bank puts $6K monthly limit to crypto exchange payments
NatWest’s head of fraud protection emphasized the importance of self-custody in crypto amid the bank imposing new crypto restrictions. Own this piece of history Collect this article as an NFTNatWest, a retail and commercial bank in the United Kingdom, is taking measures to protect customers from potential crypto losses amid Bitcoin (BTC) hitting multi-month highs.On…
Friend.tech hype unsustainable? Critics give it only months to live
Friend.tech, a new decentralized social media (DeSo) app has rapidly become one of the hottest new things in crypto, with over 64,000 new users and more than 24,000 ETH in trading volume since its beta version launch of Aug. 11. While many crypto industry heavyweights have praised the app for bringing thousands of people on-chain and…
12 of the biggest enterprise blockchain players of 2020
Enterprise blockchain started gaining traction in 2017 shortly after Bitcoin had reached its all-time high of nearly $20,000. Since then, enterprise blockchain has mainly been defined by private blockchain networks used by businesses for things such as supply chain management. The enterprise blockchain space has changed quite a bit since 2017. For instance, 2020 has brought…
Vitalik Buterin donates 100 ETH to Roman Storm defense fund
The United States Office of Foreign Assets Control sanctioned the Tornado Cash mixer in 2022 — accusing it of facilitating money laundering.