TERRA DEFI
Crypto 're-staking' platforms boom as traders chase bigger returns
More than $18 billion worth of cryptocurrency has moved into a new type of platform which offers investors rewards in exchange for locking up their tokens, in a complex scheme that analysts warn poses a risk for users and the crypto market.
The Future of Blockchain, cryptocurrency, and Metaverse, 2024 - NORQUE a promising new project
Norque first time in the Universe for Security, Usability, Accessibility and Sustainability for Blockchain, Web3, Cryptocurrency, Metaverse and Physical world by integrating Artificial Intelligence, Machine Learning technology and Risks Mitigation offerings.
Why Stablecoins are an oxymoron to their name
A Stablecoin is a popular form of cryptocurrency designed to maintain a constant value through a peg to another asset. In 2022, the cumulative market capitalization of Stablecoins was around $180 billion, which declined to nearly $120 billion in 2023.
Global regulators seek to crack down on decentralised finance
The collapse of crypto exchange FTX and of the Terra USD stablecoin during 2022 showed how shocks in one part of the crypto market can trigger billions of dollars in outflows from DeFI applications, said IOSCO, the global umbrella body for securities watchdogs from across the world.
Deja vu for stablecoins? This token tanks 99% post hacker attack
History repeated itself as the Polkadot-based decentralized finance (DeFi) platform Acala’s native stablecoin, Acala Dollar (aUSD), lost its parity, plummeting 99 per cent and its value was reduced to some fractions of a cent.However, this time, it was a hacking attack that led to this steep fall
Vauld discloses shortfall of $70 million in letter to creditors
Vauld said it had assets worth $330 million and liabilities worth ~$400 million at the group level.
Crypto Week at a Glance: Top gainers and losers
Bitcoin, Ethereum, and most cryptocurrencies have continued to gain, strengthening the market. BTC was seen changing hands at US$19,000 on Monday and managed to reclaim the US$22,000 level on Thursday for the first time since mid-June.
A $2 trillion free-fall rattles crypto to the core
What started this year in crypto markets as a “risk-off” bout of selling fueled by a Federal Reserve suddenly determined to rein in excesses has exposed a web of interconnectedness that looks a little like the tangle of derivatives that brought down the global financial system in 2008.
DeFi can't hold a candle to the centuries-old trust-based system called hawala
The appeal of changing money into TerraUSD, a stablecoin that promised 1:1 convertibility into dollars, lay in the near-20% yield on TerraUSD deposits. Withdrawal of funds from Anchor Protocol, the main DeFi lending application on the blockchain, crushed the coin, as well as Luna, its sister asset.
Crypto market meltdown forces DeFi investment platforms to relook terms
DeFi investment platforms in India are in the process of re-evaluating their terms and conditions and making them investor-friendly by introducing dispute resolution mechanisms, and temporary halts on withdrawals to protect themselves from potential regulatory backlash
Cryptoverse: Crypto lenders face a DeFi drubbing
The total value locked (TVL) on Ethereum, a metric that attempts to track the value of tokens deposited in a variety of DeFi protocols, has declined by $124 billion or 60% over the last six weeks.
RBI says non-banks can't load credit lines on prepaid instruments; investors spooked as DeFi bubble pops
On Monday evening the Reserve Bank of India issued a clarification on prepaid payment instruments (PPIs) such as wallets and prepaid cards, saying non-bank institutions cannot load credit lines onto them.
Blockchain-based DeFi platforms need scrutiny, experts warn investors
The warning came as Celsius Network, a Defi platform and one of the largest crypto lenders, announced that it was "pausing all withdrawals, swap, and transfers between accounts" for its 1.7 million clients.
Crypto currencies yet to pass test of fiat currency: CEA
The chief economic adviser was talking at an Assocham event.
Cryptocurrencies akin to 'a world of Caribbean pirates' in absence of regulation, says CEA
"I wouldn't be very excited by them (cryptocurrency) because sometimes we may not be fully aware or comprehend the kind of forces we are unleashing ourselves. So I would be somewhat guarded in my welcome of some of these FinTech-based disruptions like Decentralised Finance (DeFI) and crypto etc," Nageswaran said.
Ether and altcoins lead crypto rout as Terra DeFi fallout deepens
Ether was down as much as 11% on Thursday before paring losses to around $1,850, far below the key threshold of $2,000 which it needs to trade above meaningfully -- and soon -- if bearish sentiment is to ease. Other tokens linked to protocols popular with decentralized finance projects like Avalanche, Solana and Polkadot were also slumping, down between 11% and 17% over the last 24 hours.
How a trash-talking crypto bro caused a $40 billion crash
Last week, Luna and another currency that Kwon developed, TerraUSD, suffered a spectacular collapse. Their meltdowns had a domino effect on the rest of the cryptocurrency market, tanking the price of bitcoin and accelerating the loss of $300 billion in value across the crypto economy. This week, the price of Luna remained close to zero, while TerraUSD continued to slide.
Top cryptocurrency prices today: Avalanche, Terra, Solana, XRP drop up to 8%
Barring the US-dollar pegged stablecoin, all other major crypto exchanges were trading with cuts during early hours. Avalanche tanked 8 per cent, whereas Solana, Cardano and XRP tanked 4 per cent each.
Why Terra jumped 85% in a week despite heavy volatility
Terra has more than doubled in the last one month, rallying as much as 115 per cent. The token has surged about 85 per cent in the last one week. The scrip has surged as much as 30 per cent in the 24-hour timeframe.
Load More
