Klex Finance, a Klaytn portfolio management protocol, has launched its testnet. The move sets the stage for an imminent mainnet launch that will extend the DeFi capabilities of Klaytn’s EVM-compatible...
Tag: Finance
Lido Finance 285% Rally Accelerates After Denied $29 Million Token Sale
Arman Shirinyan LDO remains one of strongest assets on market after 285% rally in recent weeks Lido Finance had been one of the best performing assets on the cryptocurrency market with a more than 28...
Gold Rush Finance To Make Your BNB Mining Experience Seamless
The Game-Fi industry has transitioned over the years, with most of the revolutionary changes taking place in the few months. New features have been introduced to the space making it one of the most so...
Convex Finance: Five unlocks later, CVX is headed for…
To combat limited liquidity in its pool, Convex Finance, a DeFi protocol built on Curve Finance, commenced the weekly unlocking of vote-locked CVX tokens on 30 June. The weekly unlocks are scheduled t...
El Salvador’s Finance Minister Defended Strategy to Adopt Bitcoin
El Salvador’s finance minister, Alejandro Zelaya, stated that adopting bitcoin has aided the country’s unbanked citizens. Despite calls from detractors, Alejandro supported the country’s plan to use B...
IRS Changes Guidelines for Inherited IRAs, Causing Confusion and Pushback
Figuring out the most efficient way to navigate the tax impact of inheriting individual retirement accounts has become more complicated since the Internal Revenue Service issued proposed new rules in ...
What is Lido Finance? Step by Step- How to Stake Ethereum on Lido Finance
In the financial world, some people chase high-risk assets because they also deliver high returns. They also tend to merge those risky assets with secure ones, to lower their risk. Conventionally, inv...
Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700 – Finance Bitcoin News
New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is to improve the fi...
El Salvador’s Bitcoin Adoption Proved To Be A Success: Country’s Finance Minister
In 2021, El Salvador made headlines after it adopted Bitcoin as a legal tender. At the Bitcoin Miami Conference, President Nayib Bukele disclosed his intention to make Bitcoin country’s legal currency...
Babel Finance lost over $280 million in proprietary trading with customer funds
Babel Finance, the troubled Asian crypto lender that abruptly halted client withdrawals last month, suffered heavy losses due to proprietary trading with customer funds, according to its restructuring...
Curve Finance [CRV] climbs up double digits, but is it enough for the DeFi token?
DeFi tokens, including Curve DAO Token [CRV], Uniswap [UNI], and 1INCH, were part of the cryptocurrencies that surged as of 29 July. In addition, none of the tokens gained as much as CRV throughout t...
Babel Finance Lost Over $280 Million of Customer Funds to Risky Trading, Eyes Fundraising
Struggling crypto lender Babel Finance lost over $280 million of customers’ funds in trading. The crypto lender, which stopped withdrawals last month, lost 8,000 Bitcoins and $56,000 ETH last month du...
Lowest Cost Crypto ETF To Be Launched Next Week By Finance Biggie
More and more financial services companies are looking to expand into the world of crypto assets. When it comes to crypto ETFs, Grayscale is one of the biggest players pushing for recognition and clar...
Babel Finance Reportedly Lost $280M Trading Bitcoin and Ethereum
7 hours ago | 2 mins read Defi News As of July 2022, the deck claims that the company lost 8k BTC and 56k ETH in June. The wallet management staff allocated the funds to trading accounts. Four large c...
ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks – Finance Bitcoin News
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their stu...
El Salvador’s Finance Minister Weighs in on The Country’s Bitcoin Strategy
The finance minister of El Salvador, Alejandro Zelaya, revealed the country’s future plans about crypto and claimed that their Bitcoin bet has been working fine for the country, in an interview with B...
Babel Finance Lost Over $280m in Proprietary Trading with Customer Funds
Babel Finance has undergone severe loss as it executed proprietary trading with customer funds. The Asian crypto lender has been in trouble and abruptly suspended client withdrawals from last month. T...
Chainge Finance initiates filing to obtain Celsius’ assets
Global DeFi protocol, Chainge Finance, is planning to institute an application with the United States Bankruptcy Court Southern District of New York. This protocol made the revelation in a Twitter thr...
Wing Finance price went parabolic. It could be a pump and dump
Wing Finance (WING/USD) price went parabolic on Friday, become the best-performing cryptocurrency in the world. Its price surged by over 350% in about 24 hours and rose to the highest point since May ...
Solana: implosion of the DeFi Nirvana Finance protocol
A new decentralized finance protocol has imploded. It is Nirvana Finance, which runs on Solana’s blockchain. Nirvana Finance liquidated According to DeFiLlama‘s data, its TVL has all but dissolved. I...
Lido Finance Files Another Proposal to Sell Treasury Tokens to Dragonfly Capital – crypto.news
Lido DAO (LDO), the governance forum for the Lido Finance project, will once again vote on another proposal to sell LDO tokens to venture capital firm Dragonfly Capital. This new proposal comes after ...
DeFi Platform, Vault Finance Set To Unveil Project – crypto.news
A decentralized finance (DeFi) platform, Vault Finance, has revealed its expected launch date, which will be before the end of July. The DeFi platform is a revenue-focused, sound business entity plann...
Binance CEO Changpeng Zhao And Turkish Finance Minister Meet To Discuss Blockchain Technology and Cryptocurrencies
CEO of Binance Changpeng Zhao on Wednesday virtually met with Turkish Finance Minister Dr. Nureddin Nebati to discuss cryptocurrencies and the blockchain ecosystem. The meeting comes amid reports that...
Fundraising Continues with Mighty Hero, DSCVR, Kima Finance, Senate Aims to Reduce Crypto Tax, and Crypto Bears Continue – crypto.news
Fundraising continued today with Play Mighty Hero, Kima Finance, and DSCVR completing successful rounds. The US continues with crypto regulatory attempts as the Senate introduces a bill to reduce taxe...
5 top after-hours movers on Yahoo Finance
Stocks rallied Wednesday afternoon, hitting the highs of the session after the Federal Reserve raised interest rates by 0.75% and Federal Reserve Chairman Jerome Powell signaled the central bank may s...
US Regulator Sets Sights on Crypto as Big Tech Moves Into Finance
The Consumer Financial Protection Bureau (CFPB) has crypto payments firmly in its sights as it moves to protect the interests of American consumers. A Reuters report says the CFPB has plans to height...
Turkish Finance Minister meets virtually with Binance founder to discuss crypto
Turkish Finance Minister Nureddin Nebati has confirmed holding a virtual meeting with Changpeng Zhao, the founder of the Binance crypto exchange. Through a tweet posted on July 27, Nebati stated that...
Cryptojacking in finance soared 269% in H1 2022
Cryptojacking in the finance sector went up by 269% in the first half of this year, cybersecurity firm SonicWall reported. The finance sector, which used to experience nearly the least numbers of cryp...
5 Big Banks With A Bright Future
In this Tuesday, Jan. 18, 2011, photo, a Morgan Stanley billboard is displayed in Times Square, New … [+] York. Morgan Stanley said Thursday, July 19, 2012, its revenue fell sharply in the secon...
Curve Finance Submits Application for 1 Million OP Token Grant
Curve Finance has submitted a governance proposal on Optimism for a 1 million OP token grant, according to a post on the Optimism forum submitted on July 24. Curve’s total Optimism value current...
Curve Finance applies for 1 million OP token grant from Optimism
Curve Finance has submitted a governance proposal on Optimism for a 1 million OP token grant, according to a post on the Optimism forum submitted on July 24. Curve is the largest liquidity pool for to...