Solana-based DeFi platform Everlend Finance shuts down

Everlend Finance, a Ukrainian DeFi lending aggregator on the Solana blockchain, has shut down its front-end app due to shrinking liquidity in the market.

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Lido Finance: Decline in TVL, re-emergence of bears, and everything in between

Due to the fall in prices of some native coins, Lido's TVL declined in the last week. The buying pressure for LDO has declined significantly, and a price drawback might be on the horizon.

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Curve Finance to increase pools with additional gauges on Ethereum

The whales on Curve Finance have requested for more gauges to be added to Ethereum. CRV was significantly overbought at press time and might be due for a price correction.  Following a requThe post Curve Finance to increase pools with additional gauges on Ethereum appeared first on AMBCrypto.

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Ethereum price movement after high ETH whale activity

Ethereum (ETH/USD) has seen an increase in its value as well as network activity as whales have begun moving the cryptocurrency. Ethereum is the second largest cryptocurrency in terms of capitalization and stands out due to its smart contract support and vast ecosystem of decentralized applications (dApps), which power the Decentralized Finance (DeFi) space.

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The Role of Stablecoins in Decentralized Finance and Combating Inflation

A Stable Currency Would Retain Its Purchasing Power Over Time Most of the world’s fiat currencies have a high rate of inflation, which causes consumers’ purchasing power to decrease. To prevent their savings from depreciation due to increasing prices, people must find better investments with today’s record-setting inflation rate.

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FTX Contagion Spreads as Orthogonal Trading Gets Default Notice for $36M Debt on Maple Finance

Orthogonal Trading was due to pay back a $10 million USDC stablecoin loan on Dec. 4.

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California Finance Regulator Moves to Suspend Crypto Lender Salt’s License

Salt announced on Tuesday it was pausing customer withdrawals due to the impact of FTX’s collapse.

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Lido Finance: A-Z of how the liquid staking platform fared in the last 2 weeks

Lido Finance recorded an all-time high for its Ethereum staking APR. This was due to a spike in MEV rewards on the liquid staking platform. The collapse of FTX led to a drop in TVL and CurveThe post Lido Finance: A-Z of how the liquid staking platform fared in the last 2 weeks appeared first on AMBCrypto.

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Tangem Crypto Hardware Wallet Review (2022)

Cryptocurrency is speedily becoming the future of finance due to its decentralized system of operation, where no intermediaries, banking system or government has absolute control over people’s funds.

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Convex Finance [CVX]: All you need to know before last unlock takes place

According to the data from Dune Analytics, of the 16 unlocks scheduled to free up vote-locked 52.2 million CVX tokens, only one is left to go.  On 30 June, due to the limited liquidity issues thatThe post Convex Finance [CVX]: All you need to know before last unlock takes place appeared first on AMBCrypto.

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Global Crypto Standards Due Next Week Could Test Regulators’ Tech Mantra

Finance ministers from across the world are due to examine crypto regulations next week – but they may shy away from exploring DeFi.

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Ethereum (ETH) TVL Loses More Than $2.9B as Merge Approaches

Ethereum saw a further decline in total value locked a few days to the highly anticipated “Merge” due to a continuous drop in the amount of liquidity poured into decentralized finance (DeFi).   The post Ethereum (ETH) TVL Loses More Than $2.

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Curve Finance Volume Plunges More Than $4B to Hit 2022 Low

Curve Finance plunged further in July due to a drop in the demand for cryptocurrencies by individual whales and institutional investors.  The post Curve Finance Volume Plunges More Than $4B to Hit 2022 Low appeared first on BeInCrypto.

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Tornado Cash Total Value Locked (TVL) Spikes by More than $140 Million

Tornado Cash TVL saw a boost in July due to renewed interest in decentralized finance (DeFi) and certain areas of the crypto finance industry. The post Tornado Cash Total Value Locked (TVL) Spikes by More than $140 Million appeared first on BeInCrypto.

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TRON (TRX) TVL Rose More Than $1.9 Billion in July

TRON TVL spiked in July due to renewed investor interest in decentralized finance (DeFi). 

The post TRON (TRX) TVL Rose More Than $1.9 Billion in July appeared first on BeInCrypto.

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Ethereum (ETH) TVL Spiked More Than $10 Billion in July 

Ethereum total value locked (TVL) increased significantly in July due to a recovering market that saw investors pour more liquidity into decentralized finance (DeFi). The post Ethereum (ETH) TVL Spiked More Than $10 Billion in July  appeared first on BeInCrypto.

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MetaBlaze Founding Team Performs KYC With Certik

Due to the trustless nature of decentralized finance, it’s easy for developers to “hide in the shadows.” People who’ve been around in crypto have probably...

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Residual Token Inc. ($eRSDL) Merges Decentralized Finance with Traditional Finance, A Whole New Way to Bank

Major centralized crypto-for-fiat lenders have failed due to price driven liquidity crises. Other crypto-for-fiat lending solutions exist that do not face similar risk. Pool-to-peer lending...

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Celsius unlocks another $195 million in collateral after paying off debt to Compound

Cryptocurrency lender Celsius Network, which had to halt withdrawals on June 13 due to liquidity issues, has fully paid off its debt of over $50 million worth of DAI to decentralized finance (DeFi) protocol Compound on July 13, according to on-chain data.

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Summer Inside Crypto Winter: Solana Steals The Lead From Ethereum

Solana has been gradually creeping up behind Ethereum even before the crypto winter began. The network had grown in popularity among non-fungible token (NFT) and decentralized finance (DeFi) users who had been fleeing Ethereum due to the high cost of transacting on the network.

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Chainlink Market Cap Sank More than $1.7 Billion in May

Chainlink (LINK) was among the cryptocurrencies that lost more than $1 billion in value due to the negative market sentiment that engulfed the decentralized finance (DeFi) space in May.  The post Chainlink Market Cap Sank More than $1.7 Billion in May appeared first on BeInCrypto.

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Cryptocurrency Firm Babel Finance Strikes Debt Agreement With Counterparties

The cryptocurrency lending platform Babel Finance finally reached a debt agreement with counterparties. Before now, the firm had experienced some difficulties in its operations due to the present market downturn.

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After Ethereum’s Sepolia Beacon Chain, what’s next for ETH’s value?

Ethereum ETH/USD is one of the largest blockchain networks in terms of market capitalization and utility within the spheres of decentralized finance (DeFi) as well as non-fungible tokens (NFTs).   Specifically, due to its smart contract functionality, it has paved the way for a lot of use-cases.

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Babel Finance suspends withdrawals due to “unusual liquidity pressures”

As the crypto winter prolongs, its effects are rippling into different areas of the crypto ecosystem and forcing difficult decisions. The post Babel Finance suspends withdrawals due to “unusual liquidity pressures” appeared first on CryptoSlate.

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Finance Redefined: Three Arrow Capital and Celsius fall brings a tsunami of sell-off in DeFi

DeFi market saw a sharp decline in its TVL, falling over $25 billion from the last week due to sell-off pressure created by the bear market.

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Unusual liquidity pressures force Babel Finance to suspend withdrawals

Due to the ongoing crypto market meltdown, Babel Finance, an Asian-based crypto lender firm,… The post Unusual liquidity pressures force Babel Finance to suspend withdrawals appeared first on CoinJournal.

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Crypto lender Babel Finance halts withdrawals due to liquidity pressures

Hong Kong-based asset manager Babel Finance is the latest crypto lending firm to signal the growing crisis of the cryptocurrency lending industry amid the bear market.

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El Salvador 'has not had any losses' due to Bitcoin price dive, finance minister says

Salvadoran minister Alejandro Zelaya brushed off the media criticism of the nation’s investments in Bitcoin.

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Ropsten Beacon Chain was launched on a testnet, should you buy ETH?

Ethereum ETH/USD has been one of the most-developed blockchain networks out there. Due to its smart contracts functionalities, it has paved the way for Decentralized Finance (DeFi) and non-fungible tokens (NFTs).

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MakerDAO Back on Top Despite Dropping $8 Billion in Total Value Locked (TVL)

MakerDAO (MKR) total value locked (TVL) fell sharply to new lows in the last week of May due to decreased investor interest in decentralized finance (DeFi).  The post MakerDAO Back on Top Despite Dropping $8 Billion in Total Value Locked (TVL) appeared first on BeInCrypto.

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Lido (LDO) Crashes $11 Billion in Total Value Locked (TVL)

Lido (LDO) total value locked (TVL) fell to new high lows in the third week of May due to the bearish trends of the decentralized finance (DeFi) market.  The post Lido (LDO) Crashes $11 Billion in Total Value Locked (TVL) appeared first on BeInCrypto.

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Coinloan Delists DeFi Tokens UNI, COMP, SUSHI, YFI and AVX

Crypto finance platform Coinloan has announced it has begun the process of delisting a range of once-popular DeFi tokens due in part to insufficient demand.

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Curve TVL Sinks $14 Billion; No Longer DApp with Most Value Locked

Curve total value locked (TVL) fell steeply in the second week of May due to decreased investor interest in decentralized finance (DeFi).   Curve was the decentralized application with the most value locked for a long time.

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DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy

Venus Protocol and Blizz Finance announced that their protocols were exploited due to the difference in LUNA market price and price feed as Chainlink paused the LUNA oracle.

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Venus Protocol Loses $11M Due to Chainlink Suspension of LUNA Price Oracle

Decentralized finance (DeFi) protocol Venus has been added to the lengthening list of those affected by the collapse of the Terra ecosystem this week. The post Venus Protocol Loses $11M Due to Chainlink Suspension of LUNA Price Oracle appeared first on BeInCrypto.

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Ethereum (ETH) TVL Sinks More Than $50 Billion in 2022 Low

Ethereum TVL fell steeply in the second week of May due to decreased investor interest in decentralized finance and the entire crypto finance market. The post Ethereum (ETH) TVL Sinks More Than $50 Billion in 2022 Low appeared first on BeInCrypto.

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Avalanche (AVAX) makes double-digit gains mimicking the market trend

Avalanche (AVAX/USD) made a major uptrend during the last months of 2021 due to the utilization of the platform by decentralized finance (DeFi) projects. However, this month, the token has undergone a major price correction following a market-wide selloff.

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Hackers took advantage of bridge smart contract bug in Qubit Finance and stole $80 million

Due to a vulnerability in the smart contract code, the DeFi protocol Qubit Finance lost $80 million in cryptocurrencies. The project team turned to the hacker with a request to start negotiations.

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Ethereum and why it has a solid case for a bullish 2022

2021 was undoubtedly a revolutionary one for cryptocurrencies, especially due to the mainstream emergence of decentralized finance (DeFi) and non-fungible tokens (NFT). However, good times don't last The post Ethereum and why it has a solid case for a bullish 2022 appeared first on AMBCrypto.

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CODI Finance Is Set For The Public Listing Of Its Native Token”$CODI”

CODI, a DeFi ecosystem built on Solana, is set to publicly list its native token “$CODI” on the p2pb2b exchange. CODI finance recently completed the fifth round of its IEO on p2pb2b and intended to list on the same exchange due to the overwhelming success of its IEO.

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Senator Warren Shines Spotlight on Stablecoins in Senate Hearing

Sen. Elizabeth Warren of Massachusetts remains skeptical on the use cases of stablecoins and decentralized finance due to issues with asset backing and the unregulated nature of the sectors. The post Senator Warren Shines Spotlight on Stablecoins in Senate Hearing appeared first on BeInCrypto.

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Research: DeFi App Users Lost $10.5 Billion In 2021 Due To Theft And Fraud

Losses from crime and theft associated with decentralized finance applications jumped 7 times in a year to reach $10.5 billion, according to a new study.

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Token Swapping: Best Practices for Businesses – 123swap.finance

Many projects are performing token swaps to allow holders to exchange their existing tokens for updated ones as the blockchain industry matures and businesses expand following successful ICOs. It might be due to a mainnet migration, a modification to the underlying smart contracts, or an increase in the token supply, among other things (similar toRead More

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Beyond Ethereum: Getting Started With Cross-Chain Trading

Despite its prominence as the most well-established smart contract platform and decentralized finance (DeFi) ecosystem, Ethereum is gradually seeing an exodus of users to other platforms — largely due to its often gut-wrenchingly high transaction fees and congestion.

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ETH Price analysis: Is ETH worth investing in after it hits its new all-time high?

Ethereum ETH/USD is still dominating the charts as the second-largest cryptocurrency token in terms of market capitalization. It is an open-source blockchain-based platform that is constantly being utilized due to its smart contract functionality, which powers decentralized applications (dApps), non-fungible tokens (NFTs), and decentralized finance (DeFi).

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DeFi Protocol Cream Finance Loses $130 Million Due To Hacker Attack

The long-suffering DeFi protocol Cream Finance fell victim to a hacker attack. Yes, once again. This time, a vulnerability in the code allowed scammers to steal $130 million in cryptocurrency.

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The Bitcoin Network Expands DeFi’s Horizon Via RSK’s Smart Contract Functionality & Interoperability

Ethereum gained significant traction as a cryptocurrency and as a platform that supports a myriad of decentralized applications (dApps) and decentralized finance (DeFi) protocols, primarily due to its smart contracts capabilities and tokenization features.

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Russia Has No Plans to Ban Cryptocurrencies Unlike China, says Deputy Finance Minister

A Siberian region, which relies heavily on hydroelectric power and is known for its cheap electricity, also saw its energy consumption surging 159% due to an “avalanche” of crypto-mining. The post Russia Has No Plans to Ban Cryptocurrencies Unlike China, says Deputy Finance Minister first appeared on BitcoinExchangeGuide.

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Bitcoin Is “The Loudest Monetary Fire Alarm” In Finance

Bitcoin price is above $50,000, during a time when the masses expected the top cryptocurrency by market cap to behave like a risk asset. Instead, it appears to be the one asset that has been able to survive the bearish sentiment shift due to the Evergrande situation in China. But that could be due to […]

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