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Celsius network froze customer withdrawals and filed for Chapter 11 bankruptcy in July 2022 U.S based crypto lending protocol Celsius network has released a list of names of users who are eligible to withdraw assets locked on the platform. The 1400-page document submitted to the New York bankruptcy court shows that the court has granted …
The firm’s director has launched this initiative to payback creditors before the expiration of the moratorium extension. HongKong based crypto lender protocol Babel Finance is having a tough time paying back the creditors. The co-founder Wang Li lost $524 million in proprietary trading losses and $224 million lost after lenders liquidated collateral that underpinned loans …
Avraham Eisenberg was arrested by FBI last year and charged with commodities fraud & commodities manipulation. Solana based decentralized exchange Mango Markets was hacked last year, allowing the hacker to steal roughly $116 million worth of cryptocurrency from the platform. The hacker was none other than ‘Avraham Eisenberg’ the man behind the crime. As per …
If you’re following developments in the crypto projects, you’ll know what STEPN is about. It’s the first move-to-earn crypto project that rewards a healthy lifestyle. Users who love to keep themselves fit by moving their bodies – walking, jogging or running will have a good chance to earn crypto tokens that can be converted into …
Blockchain has opened doors for decentralization and brought a range of products to the finance industry. From Aggregators to DEXes, there’re promising projects running successfully on popular blockchains. Among the DeFi projects, we have Beta Finance. Backed by Sequoia Capital, it is a permissionless money market protocol for lending, borrowing & short selling crypto assets. …
In my recent post, I talked about Mirror Protocol and how it is harnessing the power of synthetic assets (mAssets) to enable users trade blue-chip stocks from anywhere across the globe using cryptocurrencies. Synthetic assets replicate the value of digital assets and help the crypto platforms provide numerous features to the users. Linear Finance is …
NFTs turned out to be the most popular form of digital assets in recent years. From Bored Ape to Crypto Punk, there’s a surging demand for PFP and in-game NFTs. The projects developing the NFTs require an infrastructure to manage the complete NFT lifecycle and Dego Finance is here to fill this space. It is …
Decentralized exchanges (DEXes) come to mind whenever we talk about DeFi protocols. DEXes proved the strength of blockchain networks in managing complex transactions without the need for a centralized authority. Although the technology is in the growing stage, there’re some areas where DEXes needs to work on like price slippage & impermanent loss. To counter …
Have you watched the movie Lord of the Rings? One ring that controls all the rings. Well, that’s the story of Coin98. It’s a multichain platform with wallet, exchange and bridges that connects to everything you need in a crypto platform. From token swapping to trading NFTs, Coin98 aims to become the hub for everything …
Decentralized Finance is growing by leaps and bounds. The top DeFi protocols have registered TVL (Trading Value Locked) worth billions of dollars. Despite the technological advancements, DeFi protocols require manual intervention when a user wishes to make changes to his portfolio. Imagine if an investor gets hold of programmable assets that can manage & automate …