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Tag: depeg

Terra Founder Do Kwon’s $428,000 Bail Request Approved by Montenegro Court

Terra founder Do Kwon will not be allowed to leave his apartment as part of bail conditions set by Montenegro court. Posted...

Messari Reveals 1inch Network’s Unrivaled Volume Dominance in DeFi – Investor Bites

SNEAK PEEK 1inch Network dominates DeFi with a 59% volume share in Q1. 1inch Network’s adaptability secures its position in DeFi. Arbitrum emerged as...

💸 Blur Dives Into NFT Lending

GM Defiers! Today we’re covering Blur’s foray into NFT lending, which looks to combine features from peer-to-peer and peer-to-pool models. Meanwhile, decentralized social media...

How Well Will Bitcoin Hold Up Following Bank Turmoil?

Three major financial closures happened over the course of two weeks in mid-March. The institutions that shut their doors were Signature Bank, Silicon Valley...

Do Kwon converted stolen funds from Luna to Bitcoin: S.Korean prosecutors

South Korean prosecutors have identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Do Kwon and his associates. Out...

Stablecoin Depeg Event Reveals Risks to DeFi and Traditional Finance

The recent depegging event of Circle’s USD coin (USDC) has shed light on the potential risks to both decentralized finance (DeFi) and traditional finance....

Stress test? What Biden’s bank bailout means for stablecoins

The collapse of Silicon Valley Bank (SVB), which suffered a bank run after revealing a hole in its finances over the sale of part...

Circle’s USDC Outflows Surpassed $10B Since SVB Collapse, Tether Dominance Rises

Weeks after the failure of a series of US banks as well as the Credit Suisse chaos, the crypto market has considerably recovered...

SEC targets Coinbase, Do Kwon arrested and FTX sells $95M in Mysten Labs: Hodler’s Digest, March 19-25

Top Stories This Week Coinbase could face SEC enforcement action for ‘potential violations of securities law’ Crypto exchange Coinbase received a Wells notice from...

MakerDAO Votes to Keep USDC as Primary Reserve

MakerDAO’s community has voted to keep USDC as the main reserve asset despite the depegging event earlier this month. DeFi giant MakerDAO’s community...

Stablecoins’ Market Capitalization Falls to Lowest Level in 18 Months, Data Shows

The total market capitalization of the stablecoins within the cryptocurrency space has fallen by 1.35% to $133 billion, the lowest it has been in...

Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister

According to Montenegro’s interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added...

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