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Tag: depeg

DeFi Insurance Claims Reach $34.4 Million

Blockchain
The decentralized finance (DeFi) industry has seen remarkable growth in recent years, with more than $160 billion in total value locked in various protocols...

How Damaging Was the Euler Hack to DeFi’s ‘Money Legos’ Promise?

Blockchain
DeFi faced its very own contagion event this past week after Euler Finance was drained of nearly $200 million via six flash loans and a...

MakerDAO Increases US Treasury Bond Holdings by 150%

Blockchain
MakerDAO, a lending protocol and stablecoin issuer, has voted in favor of a proposal to expand the amount of United States Government bonds held...

Meta Abandons NFTs After Less Than A Year

Blockchain
Hello Defiers! Here’s what we are covering today! NewsWeb3VideoPodcastToday’s SponsorsGet in early on the action and earn up to 290% APY on Bitcoin.com’s Verse DEX....

Circle Claims to Have Cleared ‘Substantially’ All USDC Minting and Redemption Backlog

Blockchain
The USDC depeg caused significant turmoil in the market last week. The stablecoin issuer Circle claimed that it has cleared “substantially all of...

The DeFi industry take on the banking crisis

Crowdfunding
Despite the consensus (notwithstanding the opinions of a few of congress) that the closure of three banks within a week was a failure of...

How The USDC Depeg Will Impact DeFi, Expert Explains

Blockchain
Following the closure of Silicon Valley Bank (SVB), the value of the world’s fifth-largest cryptocurrency, USD Coin (USDC), plummeted to an all-time low on...

Wallet Associated With Justin Sun Makes $3.3 Million In USDC DePeg

Blockchain
A wallet associated with Justin Sun reportedly profited more than $3.3 million. The profit was made in a series of trades after USD Coin...

MakerDAO Passes Emergency Measures To Reduce USDC Exposure

Blockchain
The proposal increases support for Paxos’ stablecoin. MakerDAO, the issuer of the DAI stablecoin, will execute emergency governance measures to reduce the protocol’s exposure to...

Just-In: Binance Ends Zero-Free Bitcoin Trading After BTC Price Breaks $26K

Blockchain
<!-- Varinder Singh 1 hour ago Bitcoin News, News --> Crypto exchange Binance on Wednesday announced ending zero-free Bitcoin trading on the platform. Amid the crackdown against Binance USD...

News Bit: Bitcoin Rallies to $26,500 Before Retreating for a Healthy Pullback

Blockchain
Share some Bitpinas love:Subscribe to our newsletter!Price data are accurate as of March 15 at 10:00 am (UTC+8).Here’s what happened:Bitcoin went above $26,500 on...

Why Did USDC Depeg? Circle CEO Gives the Inside Story

Blockchain
Circle CEO Jeremy Allaire spoke on Tuesday recapping the Silicon Valley Bank (SVB) and USDC drama from his company’s perspective.  According to Allaire, all...
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