A new proposal put forward by Solana (SOL)-based borrowing and lending service Solend to disapprove the takeover of the protocol’s largest account following huge backlash from the community has passed with an overwhelming majority of votes. The new proposal, dubbed SLND2, asked to invalidate SLND1, the original proposal that had approved the takeover of…
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In a most recent update, troubled major crypto lender Celsius (CEL) did not provide any indications of when it expects to stabilize its liquidity and operations, but stressed its focus on its work with “regulators and officials” while limiting communication with its clients…. Read More: Celsius ‘In Dialogue’ With ‘Regulators & Officials’, Gets Quieter…
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The IID ordered BlockFi to pay an administrative fine as well as cease and desist “from making any untrue statement of material facts regarding securities.” The Iowa Insurance Division, or IID, a regulator responsible for many securities sales in the state, has fined crypto lending firm BlockFi more than $943,000 after it allegedly offered and…
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ETH’s latest plunge could bring more pain despite expectations that $1,200 should hold. Ethereum’s native token Ether (ETH) is showing signs of bottoming out as ETH price bounced off a key support zone. Notably, ETH price is now holding above the key support level of the 200-week simple moving average (SMA) near $1,196. The 200-week SMA…
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The troubled crypto lending and borrowing company Celsius (CEL), which on Monday halted withdrawals due to “extreme market conditions,” is adding more collateral for a loan on the MakerDAO (MKR) decentralized finance (DeFi) protocol to avoid liquidation. At the same time, the company is facing a growing problem with ETH tokens it has staked…
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ETH managed a sharp rebound after falling to $950. But the ETH/USD bearish continuation setup could have it revisit it. Ethereum’s native token Ether (ETH) fell to as low as $950 on Uniswap—a decentralized crypto exchange— this June 13, about 20% lower than its spot rate across other exchanges. ETH/USD hourly price chart. Source: Uniswap…
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Ether’s price rebounded by nearly 400% after its RSI turned oversold the last time. Will this time be different? Ethereum’s native token Ether (ETH) entered its “oversold” territory this June 12, for the first time since November 2018, according to its weekly relative strength index (RSI). This is the last time $ETH went oversold on…
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You probably aren’t yet aware of this but non-fungible tokens (NFTs) represent an untapped passive income-generating opportunity. Read on to learn how you can earn passive income with NFTs using a variety of methods that actually work. The convergence of NFT technology and decentralized finance (DeFi) protocols has led to the potential for staking…
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Liquid staking firms could default on their Ether obligations if The Merge does not happen. The next big crypto crash could be around the corner due to Lido Staked Ether (stETH), a liquid token from the Lido protocol that is supposed to be 100% pegged by Ethereum’s native token, Ether (ETH). Notably, the stETH peg…
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Several projects have launched on Optimism this year with the goal of giving users instant transactions and lower gas fees. Unsecured lending protocol TrueFi has become the latest project to launch on Optimism, Ethereum’s popular layer-2 scaling solution, in a move that’s expected to boost demand from non-institutional lenders. By launching on Optimism, TrueFi’s lender…
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