Investors Eye Digital Currency Group After FTX’s Implosion

Date:

Hello Defiers! Here’s what we are covering today:

News

Dive

Podcast

image 8

Video

Today’s Sponsors

8a17ae2f b1e6 4c1a a083 a3265166fa15 726x258 5 Aave is the leading decentralized liquidity protocol. Aave governance has greenlighted the development of GHO – a decentralized, collateral-backed stablecoin that will be native to the Aave protocol. Launching on testnets soon! 
fbc17355 fa1e 4bca a7bd b448d26b4ccd 600x179 4 Lumerin is revolutionizing Bitcoin mining with a decentralized marketplace for buying and selling hashpower. Help us test the network in beta and earn real BTC hashpower to sell, trade, or mine. Find out more
cc1436a7 728a 415a a2e9 e0ccfaa7733f 700x200 4 DeFi should be better – and it’s about to get radically better with Radix. Get your free ticket to join RadFi2022 on December 8 and learn what the future holds for decentralized finance. Find out how!
a13ca9c9 2edb 4250 a720 c363b61da3fa 1600x260 Chainalysis, the leading blockchain data platform. Download your copy of the 2022 Geography of Cryptocurrency report to access original research on crypto adoption around the world. Download today!

News

DeFi Lending

MakerDAO to Liquidate Overleveraged Vaults and Absorb $1.3M in Bad Debt

USDC, USDP and GUSD Vaults Affected

By Samuel Haig

image 9

MakerDAO, the largest DeFi protocol with $6.4B in total value locked (TVL), has said it will liquidate heavily leveraged vaults in a bid to prevent the protocol from accruing excessive bad debt.

Read the full story on The Defiant


Ethereum

Paradigm Accused Of Copying Code For Rust-Based Ethereum Client

Erigon To Wind Down Support For Akula

By Samuel Haig

image 10

On Nov. 24, Erigon announced that it is winding down support for Akula, a Rust implementation of OpenEthereum. The team said they decided to sunset the project after becoming aware of a competing product from an entity with incomparable resources and influence.

Read the full story on The Defiant

Sponsored Post

Waves.Exchange has rebranded to WX.Network and now it is more than a decentralized exchange. Since its launch five years ago, services have expanded and Waves.Exchange became a robust platform for self-sovereign crypto management with a suite of investment tools in a convenient interface.

In just 2 clicks, you can start your own token right from the platform user interface. Get the verification for the token and launch your own liquidity pool. 

WX.Network team wants to welcome new projects, so they are giving away up to $70,000 to those users who start the best tokens, with real utility!

You should just be clear on the use case for your token and create something of value that people would actually want to use.

  1. Go here to the token creation page (create an account first)
  2. Fill in the form describing your token economics
  3. Click “Create Token:
  4. Your token is created and you’re entered into the lottery
  5. The campaign will run until December 1st
FTX Crisis

The ‘DEF CON Scenario’: Investors Eye Digital Currency Group After FTX’s Implosion

Genesis Reportedly Considering Bankruptcy As Funding Proves Elusive

By Aleksandar Gilbert

image 12

As FTX collapsed — and the tide came in — builders, investors, aficionados and just about anyone with a passing interest in cryptocurrencies wondered: who else had been swimming naked?

All eyes are now on Digital Currency Group (DCG).

The crypto conglomerate, whose subsidiaries include some of the biggest names in the industry, is tottering in the wake of FTX’s bankruptcy.

Read the full story on The Defiant


Layer 2s

Layer 2 Gas Usage Up 170% in 2022 as Adoption Surges

Arbitrum Continues to Lead Sector After Nitro Upgrade and OpenSea Integration

By Samuel Haig

image 11

Ethereum’s Layer 2 (L2) ecosystem is seeing record network activity despite the bear market, with the monthly gas spent on settling L2 transactions set to post its second consecutive all-time high.

Read the full story on The Defiant


NFTs

US ApeCoin Holders Will Be Blocked From Official Staking Website

Eleventh-Hour Decision Riles BAYC Community

By Tarang Khaitan

image 13

Residents from several countries including the United States and Canada are prohibited from accessing ApeStake.io, the official website for staking APE tokens.

Read the full story on The Defiant


Defiant Video

[embedded content]

Thankful for Crypto


[embedded content]

Weekly Recap: MetaMask Is Tracking You


[embedded content]

Making Web 3 More Accessible

spot_img

Latest Intelligence

spot_img

Latest Intelligence

spot_img

Latest Intelligence

spot_img