Cryptocurrency

Bancor, a Decentralized Finance protocol often regarded as a pioneer in the DeFi ecosystem, has come under heavy scrutiny after it announced that it would pause its impermanent loss protection program. The DeFi platform cited extreme market conditions for stopping this program. However, Bancor has been criticized for pausing the program when liquidity providers need
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There is good reason to be afraid. Previous down markets have seen declines in excess of 80%. While tightfisted hodling might hold wisdom among many Bitcoin (BTC) maximalists, speculators in altcoins know that diamond handing can mean near (or total) annihilation.  Regardless of one’s investment philosophy, in risk-off environments, participation flees the space with haste.
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Astaria, a non-fungible token (NFT) lending platform and liquidity engine, has acquired $8 million in early capital to support its development throughout the down market. True Ventures, Arrington Capital, Ethereal Ventures, Wintermute, Genesis Trading, LedgerPrime, Hypersphere Ventures, The LAO, and several other investors participated in the preliminary round of funding.   Users can use Astaria to
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 Solend, a Solana-based borrowing and lending platform, will go back to the ballot box in a flash vote on whether to go ahead with Sunday’s proposal to take control of the platform’s largest account. The Solana DeFi Protocol’s largest account is a $100 million+ whale’s account on the verge of potential on-chain liquidation.  The cryptocurrency
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Layer-2 scaling solution Synthetix recently collaborated with liquidity provider Curve Finance to create Curve pools for sETH/ETH, sBTC/BTC, & sUSD/3CRV, allowing investors to cheaply convert synths such as sETH to Ether (ETH). Given the investors’ willingness to hold tokens instead of synths, the protocol racked up over $1.02 million in trading fees — overshadowing Bitcoin’s
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Elon Musk, billionaire and CEO of Tesla and SpaceX and new owner of Twitter, stated that integrating digital payments into Twitter “makes sense.” Musk recently reached an agreement to buy Twitter for $44 billion. Despite considerable public skepticism about the deal’s completion, it appears to be on schedule, and Musk’s attendance at Thursday’s conference indicates
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Babel Finance, a Hong Kong-based asset management firm and cryptocurrency lender, is the latest cryptocurrency lending provider to be hit hard by the current market. Babel Finance said on Friday that redemptions and withdrawals from its products would be temporarily halted due to “unusual liquidity challenges.” According to a note on Babel Finance’s website, “Recently,
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The President of Panama, Laurentino Cortizo, has temporarily vetoed Bill No. 697, a bill dubbed the “crypto bill.” The President took this decision after saying that the bill requires more work to fit Panama’s financial regulations better. In May, President Cortizo warned that he wouldn’t sign the bill if it didn’t include additional Anti-Money Laundering
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