Is Aave in the clear following the Curve hack?.

Aave was no longer at risk due to liquidation at the time of writing. Revenue on the protocol continued to rise as AAVE's prices recovered. The recent security breach on Curve had far-reachiThe post Is Aave in the clear following the Curve hack? appeared first on AMBCrypto. origin »

PayPal stablecoin PYUSD launches on Ethereum.

In a move signaling the significant shift towards digital currencies, PayPal has announced the launch of its U. S. dollar-backed stablecoin – PayPal USD (PYUSD). This development, announced by PayPal directly, adds a new dimension to the emerging potential of regulated, fully-backed stablecoins in transforming payments in digitally native environments like web3. origin »

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MakerDAO DAI supply gains $200M as interest rate surges to 8%.

MakerDAO DAI‘s stablecoin supply increased by $200 million after its interest rate increased by 8% for holders depositing into the protocol. On Aug. 6, MakerDAO’s founder Rune Christensen revealed that Dai Savings Rate (DSR) was paying the high yield rate for the stablecoin holders “at no additional risk. origin »

Crypto Market Forecast: Week of August 7th 2023.

A curated weekly summary of forward-focused crypto news that matters. This week, the credit rating of long-term US debt is downgraded, Coinbase fights back against an SEC lawsuit, and GLASSNODE's latest weekly report explores the recent improvement in sentiment across the DeFi space. origin »

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