Latest news about blockchain and cryptocurrencies
The president of Ava Labs sees an increased interest in DeFi among institutional investors, and turning assets like bonds into tokens….
Continue reading on https://decrypt.co/105284/john-wu-tradfi-interest-in-crypto-has-absolutely-not-waned
Read more →Tom Boellstorff, Professor of Anthropology, the University of California, Irvine. _____ Quick, define the word “metaverse.”… Read More: This Is Why How We Describe Metaverse Makes Difference…
Continue reading on https://cryptonews.com/exclusives/this-is-why-how-we-describe-metaverse-makes-difference.htm
Read more →DeFi degens are depositing ETH onto Lido Finance in exchange for stETH, in the hopes of redeeming it for more valuable ETH after The Merge….
Continue reading on https://decrypt.co/105258/how-ethereum-stakers-on-lido-finance-are-trading-the-merge
Read more →More troubling news is coming out regarding Celsius (CEL), as its so-called Chapter 11 bankruptcy protection filing on July 14 has revealed a deficit of close to USD 1.2bn for the crypto lender. According to a new document filed with the U.S. Bankruptcy Court of the Southern District of New York, Celsius holds USD 4.3bn in assets against USD 5.5bn in liabilities, representing a deficit of USD 1.2bn…. Read More: CEL Jumps While Celsius’ Bankruptcy Protection Filing Reveals a Billion-Dollar Hole in Balance Sheet…
Read more →Risks are inherent to all financial sectors, and decentralized finance (DeFi) is no exception. The most common forms of financial risk in traditional finance (TradFi) include credit risk, liquidity risk, asset-backed risk, foreign investment risk, equity risk, and currency risk. While some of these risks may be present in DeFi, the industry largely has its own unique risks, and a recent report by digital asset investment firm CoinShares highlighted seven of them…. Read More: 7 DeFi Risks You Should be Aware of According to CoinShares…
Read more →As the broader crypto market rebounded into the green, major DeFi tokens led the charge, boasting hefty gains over the past day….
Continue reading on https://decrypt.co/105085/defi-blue-chip-tokens-aave-uniswap-curve-post-fresh-gains
Read more →After reportedly returning all of its debt to DeFi lending protocols, troubled crypto lender Celsius (CEL) said it has initiated voluntary Chapter 11 proceedings in the US in an attempt to stabilize its business. CEL dropped following the announcement. At 03:03 UTC, CEL trades at USD 0.538 and is down 25% in a day, recovering from USD 0.40, reached earlier today. The price is still up 92% in a month…. Read More: CEL Crashes as Celsius Enters New Chapter of Its Saga and It’s Restructuring…
Read more →The repayment to Compound netted Celsius almost $200 million in collateral….
Continue reading on https://decrypt.co/105054/celsius-pays-off-last-defi-loan-in-push-to-recoup-1-billion
Read more →The move brings the embattled lending platform’s total debt across DeFi protocols down to just $59 million….
Continue reading on https://decrypt.co/104944/celsius-recovers-over-400m-in-staked-ethereum-collateral-from-aave-loan
Read more →A close look at wallet data on ApeBoard shows how Celsius is scrambling to wind down DeFi debt. Will it help, or simply delay the inevitable?…
Continue reading on https://decrypt.co/104780/how-celsius-is-scrambling-to-wind-down-its-defi-activity
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