The crypto contagion only hurt entities that poorly managed their treasuries, but didn’t affect the underlying blockchain technology, he said. The crypto contagion sparked by Terra’s infamous implosion this year only spread to companies and protocols with “poor balance sheet management” and not the underlying blockchain technology, says Kraken Australia’s managing director Jonathon Miller. Speaking…
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During the last few weeks, the total value locked (TVL) in decentralized finance (defi) has come awfully close to reaching the $100 billion mark again, but it fell short this week. Today, the value locked across the defi ecosystem is $86.22 billion as the TVL has lost 3.34% during the past 24 hours. Value Locked…
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Cross-chain messaging protocol Nomad, which allows users to send and receive tokens between different blockchains, was drained of at least USD 150m after experiencing a security exploit that allowed bad actors to spoof messages. … Read More: Nomad DeFi Bridge Drained of At Least USD 150M in ‘Chaotic’ ‘Decentralized Robbery’ Read more »Pay, Trade, Buy Bitcoin…
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On Sunday, the non-custodial market protocol Aave announced that the Aave DAO has approved a new stablecoin for the ecosystem called “GHO.” Aave Companies proposed the stablecoin during the first week of July and the collateral-backed stablecoin will be pegged to the U.S. dollar’s value. A New collateral-Backed Stablecoin Crafted by Aave Companies Is Due…
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While there’s 50 days left until the week of September 19, the crypto community has been discussing whether or not Ethereum developers will delay the penciled-in date for The Merge. Moreover, on July 27, the crypto hedge fund Galois Capital published a survey on Twitter that indicates more than 33% of the survey’s respondents think…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: US GDP Slips Again, Another DeFi Protocol Attacked, Zipmex Seeks Protection + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Lido DAO, the governance forum for the Lido Finance project, has put forward a new proposal for selling LDO 10m tokens to crypto investment firm Dragonfly Capital, apparently with better terms. “Ok, lets try this again,” states the new proposal, which was submitted by Lido’s head of business Jacob Blish on Wednesday. It calls for…
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Roughly six years ago in July 2016, an Ethereum hard fork was used to address the infamous DAO hack. This specific fork saw the chain split into two factions, and a new crypto asset called ethereum classic was introduced to the crypto community. For years now both chains have co-existed using the same proof-of-work (PoW)…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Kraken Under Investigation, Unstoppable Crypto Unicorn, Coub.com Goes NFT + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Benjamin Dean is the Director of Digital Assets at investment company WisdomTree in Europe. __________… Read More: The Blow-up of 3AC – LTCM Without the Nobel Economists Read more »Pay, Trade, Buy Bitcoin with Credit Card
