August 2023 - Page 8 of 8 -

How to Mitigate CRV Risk? Abracadabra Proposes 200% Interest Rate Hike

Aug 02, 2023 Jeremy Parkinson Cryptocurrency, No picture 0

In a move to manage its exposure to risks associated with Curve DAO (CRV), Abracadabra Money, a cross-chain lending platform, has proposed hiking the interest rate on its outstanding loans by 200%. “We have seen CRV collateral outflowing from our markets into markets with lower LTVs and higher interest [..] As such, we are suggesting […]

Kenya Halts Worldcoin Cryptocurrency Project Amid Security Concerns

Aug 02, 2023 Jeremy Parkinson Cryptocurrency, No picture 0

The Kenyan government has announced the suspension of all activities related to Worldcoin, the recently launched cryptocurrency project. Minister of Internal Security Kithure Kindiki made the announcement on August 2, citing inquiries into potential risks associated with the project. Government suspends registration of Worldcoin that involves scanning of eyeballs, CS Kindiki says investigations on to […]

Binance Japan Launches, Offering 34 Tokens for Spot Trading

Aug 01, 2023 Jeremy Parkinson Cryptocurrency, No picture 0

Binance, the largest cryptocurrency exchange, has announced the launch of Binance Japan, a dedicated platform for Japanese residents. The new offering focuses on providing local customers with an array of services, including a record number of 34 tokens for spot trading. We’re proud to announce that #Binance has officially launched in Japan as Binance Japan […]

Risk of Black Swan Event Could End DeFi? A Look into CRV Liquidity Crisis

Aug 01, 2023 Jeremy Parkinson Cryptocurrency, No picture 0

Concerns are being raised over the lack of liquidity to sell a substantial amount of Curve DAO Token (CRV), creating the risk of what some experts are referring to as a potential black swan event, outlined in a thread by OlimpioCrypto on Twitter. There’s a risk of a black swan event in DeFi. As per […]

PancakeSwap Launches on Polygon zkEVM for DEX Functionality

Aug 01, 2023 Jeremy Parkinson Cryptocurrency, No picture 0

Decentralized exchange PancakeSwap has officially launched its v3 on the Polygon zkEVM Mainnet Beta, introducing new functionalities for trading and liquidity provision. 🔍 Discover our products on zkSync Era:https://t.co/QgwmbLpEwx 💡 Learn about our Farm development on Polygon’s zkEVM:https://t.co/MIEQ0aqZpb 🌟 Read about our SWAP & LP deployment on Polygon’s zkEVM:https://t.co/Q82SWiPaEy — PancakeSwap🥞Ev3ryone’s Favourite D3X (@PancakeSwap) July 31, […]

Curve Finance and Owner’s $100M Debt: Catastrophe or Slight Inconvenience?

Aug 01, 2023 Jeremy Parkinson Cryptocurrency, No picture 0

Curve Finance founder Michael Egorov is facing a complex financial situation as he grapples with roughly $100 million in debt backed by 47% of the circulating supply of Curve DAO (CRV). This revelation comes just as the DeFi protocol is recovering from a $47 million hack. According to crypto research firm Delphi Digital, Egorov has […]