With liquidity drying up in the wake of CeFi contagion, borrowers are turning to decentralized finance for their credit needs. Netherlands-based crypto investment firm Maven 11 has launched its third lending pool on Maple Finance, giving borrowers access to liquidity amid the bear market. The $30 million pool financed by institutional lenders will be utilized…
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A panel at the Blockchain Futurist Conference was asked about the future of decentralized finance and what was needed to be done to bring about mainstream adoption. A “killer app” for consumers is what will be needed to bring the decentralized finance (DeFi) sector to a level that draws in a mainstream audience, said Ripple…
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While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The $30.3 billion raised across 1,199 fundraising rounds surpasses all the funding blockchain startups and…
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The crypto industry has endured some infamous bear markets, and the 2022 downturn will be remembered for its acid test of decentralized finance platforms and over-leveraged trading. Grayscale Investment’s latest Insight report provides interesting food for thought, pinning the start of the current bear market in June 2022, which could last another 250 days if previous market…
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The bankrupt CeFi crypto lender is about $1.2 billion in deficit, with the majority of its liabilities being customer deposits some believe they may not be required to give back. Celsius’ bankruptcy filing has revealed some unpleasant surprises about the state of the crypto lending platform, including a $1.2 billion deficit formed largely as a…
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Not your keys, not your coins. Crypto CeFi lender Vauld has suspended “all withdrawals, trading and deposits.” Crypto contagion claims another casualty. In a statement, Singapore-based crypto exchange Vauld has made the “difficult decision to suspend all withdrawals, trading and deposits on the Vauld platform with immediate effect.” In what appears to be a run on…
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Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the…
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Nexo platform could rescue Celsius’ customers after “what appears to be the insolvency of the Celsius Network.” There’s a glimmer of hope for the bear market’s most recent victim. Following reports that Celsius is insolvent, Nexo is offering a buy-out. A Nexo representative told Cointelegraph that Nexo is trying to do the “right thing” as…
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Read this guide to learn how to bridge assets from any blockchain to BNB Chain using Binance Bridge 2.0. Integration of CeFi and DeFi through Binance Bridge 2.0 DeFi is driving the development of cutting-edge Web3 use cases such as nonfungible tokens (NFTs), gaming and the metaverse. With the Binance Bridge 2.0, DeFi can be…
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While the world waits for Ethereum 2.0, trailblazing developers are taking matters into their own hands with innovative solutions. On the latest episode of Blockchain and Booze, Draper Gorem Holm’s Adam Levy sat down with three leaders in the blockchain industry to talk about Layer-2 solutions on the Ethereum network. He was joined by Stani…
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