Liquidity – Page 3

Coinbase Debuts Paypal’s PYUSD Stablecoin; Trading to Roll Out in Phases Pending Liquidity

August 31, 2023

Coinbase has listed Paypal’s PYUSD stablecoin, following an announcement of its support for the digital asset just a day earlier. Should liquidity requirements be satisfied, the exchange plans to introduce trading pairs for the asset in stages. Coinbase Adds PYUSD Stablecoin Coinbase, the prominent cryptocurrency exchange headquartered in San Francisco, has incorporated Paypal’s dollar-tied token,…
Read more

Huobi’s TVL drops to $2.5B amid rumors of insolvency, investigations in China

August 6, 2023

The exchange faces ongoing rumors about its stablecoins reserves and an alleged investigation by Chinese authorities. Cryptocurrency exchange Huobi has seen outflows worth $64 million between Aug. 5-6, amidst ongoing rumors about its solvency and that Chinese authorities were investigating its executives. Outflows over the weekend resulted in the exchange’s total value locked (TVL) falling…
Read more

Protocol to identify ‘systemically important’ blockchain banks could help prevent a market crash: Study

August 3, 2023

After the collapse of Terra, the digital assets sector needed a way to identify critical nodes in the global DeFi community. Kanis Saengchote, a researcher at Chulalongkorn University in Thailand, recently developed a framework for identifying and measuring systemic risk in decentralized finance (DeFi) institutions. The new protocol is called the Global Systematically Important Protocol…
Read more

Abracadabra proposes hiking loan interest rate by 200% to manage Curve risk

August 2, 2023

The Curve Finance exploit has created a liquidity crisis in the DeFi ecosystem, with several lending protocols rushing to minimize their exposure. Abracadabra Money, a cross-chain lending platform, has proposed increasing the interest rate on its outstanding loans to manage risks associated with its exposure to Curve DAO (CRV). The proposal drew mixed reactions from the community,…
Read more

CEX price feed prevents Curve price from collapsing amid $100M vulnerability

July 31, 2023

A vulnerability in the Vyper programming language widely used by DeFi protocols like Curve Finance led to the exploit of multiple Curve liquidity pools on Sunday, July 30. Several Curve Finance liquidity pools were attacked on July 30 due to a vulnerability found in the Vyper programming language. Vyper is a contract programming language created for…
Read more

Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition

June 9, 2023

In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of Bitgo’s network of regulated trust companies. Bitgo Signs Letter of Intent to Acquire Crypto…
Read more

USDC Goes L2: Circle’s Stablecoin to Make Its Native Debut on Arbitrum

June 2, 2023

Stablecoin provider, Circle Internet Financial, has revealed that its dollar-pegged token, USDC, will be natively introduced on the layer two (L2) blockchain Arbitrum on June 8. The announcement follows Circle’s disclosure of its euro-pegged coin, EUROC, merging with the Avalanche blockchain last week. Circle Plans to Launch USDC on Arbitrum on June 8 On Thursday,…
Read more

Bitcoin price risk? US debt deal to trigger $1T liquidity crunch, analyst warns

May 19, 2023

Bitcoin price could drop to $20,000 in Q3 amid mounting worries about a potential cash liquidity crisis led by the U.S. Treasury Department. Bitcoin (BTC) stares at potential losses heading into the third-quarter of 2023 after U.S. lawmakers will likely reach an agreement on raising the debt ceiling. A $1 trillion liquidity hole ahead Raising…
Read more

Bancor DAO hit with class-action suit over impermanent loss protection promises

May 17, 2023

The pioneering DAO allegedly offered “risk-free” products that cost American retail investors tens of millions of dollars in losses. A group of investors has filed a class-action suit against the Bancor decentralized autonomous organization (DAO); its operator, BProtocol Foundation; and its founders in the United States District Court for the Western District of Texas. The…
Read more

FDIC pins Signature Bank’s failure on poor governance and illiquidity

April 30, 2023

The FDIC blamed Signature’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management strategies. The United States Federal Deposit Insurance Corporation’s (FDIC) post-mortem assessment of Signature Bank (SBNY) revealed poor management and inadequate risk management practices as the root cause for its collapse. Federal regulators shut down…
Read more

Category: Liquidity