Argentines turn to stablecoins as a hedge after the resignation of former Economy Minister Martin Guzman on Saturday. Guzman penned a resignation letter published on Twitter after months of infighting...
Tag: Finance
Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen – Coinotizia
According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million fr...
Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen – Bitcoin News
According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million fr...
Crema Finance Suspends Liquidity Services After Hacking Incident
Alex Dovbnya Solana-based Crema Finance has been drained of $6 million following a hack Crema Finance, a Solana-based blockchain protocol, has halted its services after experiencing a $6 million hack,...
Changpeng Zhao Says DeFi Will Outshine Centralized Finance In 10 Years
Cryptocurrencies seem to be in a freefall at the moment. But some stakeholders still have a strong conviction that crypto and decentralized finance (DeFi) will bounce back. The Chief Executive Officer...
Crema Finance Temporarily Shuts Down After $6 Million Hack
Solana-based concentrated liquidity protocol Crema Finance announced that it would temporarily suspend its services to investigate an exploit that stole over $6 million from the protocol. It announced...
Solana-based Crema Finance Hacked for $8.7M in DeFi Exploit
Crema Finance, a DeFi protocol on the Solana network, suffered a security breach in the early hours of Sunday. The hack led to the loss of an estimated $8.7 million which the attacker still holds in s...
Crema Finance Temporarily Suspends Services Following an Exploit
2 hours ago | 2 mins read Altcoin News Crema Finance immediately halted its liquidity services after discovering the breach. Some crypto community members believe the hacker stole 90% of entire liquid...
Crema Finance suffers hack as Solana [SOL] seeks validation
Crema Finance joins the list of protocols housed on the Solana blockchain to be hit with a hack. In the early hours of 3 July, the liquidity protocol took to Twitter to inform users of the suspension ...
Solana’s Liquidity Protocol Crema Finance shuts its operations; Market crash or something else?
Ironically, one of the most effective ways to refrain the funds drain out of the institution, is to shut down the operation itself. For the past several weeks, many crypto firms and related institutio...
Crema Finance shuts liquidity protocol on Solana amid hack investigation
Crema Finance, a concentrated liquidity protocol over the Solana blockchain, announced the temporary suspension of its services owing to a successful exploit that has drained a substantial but undiscl...
Babel Finance plans to work with restructuring group Houlihan Lokey: CoinDesk
“Babel is looking at restructuring. They’ve hired Houlihan Lokey or are in the process of hiring them. They’re in the process of signing an engagement letter,” one source told CoinDesk. Babel will hav...
Binance CEO Changpeng Zhao Makes 10-Year Prediction for Decentralized Finance (DeFi)
The chief executive of the world’s largest crypto exchange by trading volume predicts that decentralized finance (DeFi) and decentralized exchange platforms (DEXes) will outshine their centralized cou...
Babel Finance Is Hiring US Investment Bank Houlihan Lokey After Announcing Withdrawals Halt
According to the latest reports, Babel Finance, a crypto lender, is hiring Houlihan Lokey, a US investment bank following the halt of withdrawals and liquidity issues. A source familiar with the matte...
Battle-hardened Ronin bridge reopens following $600M hack: Finance Redefined
Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week. This past week, the De...
DeFi Lending Platform “Wing Finance” Rolls Out Its New NFT Pool
Wing Finance, a decentralized lending platform, has successfully launched a non-fungible token (NFT) pool, offering highly competitive APR rates. The new functionality will support the first six blue-...
Charles Hoskinson, Cardano Founder Features On London’s Most Read Finance And Business Newspaper
– Advertisement – Charles appears on City Am London. .@CityAM is ‘London’s most-read financial and business newspaper’ enjoyed by thousands of workers across the capital each...
BlockFi’s Fire Sale Shows the Uber Startup Model Is Disastrous for Finance
Another reason the Thiel model simply makes no sense for retail finance is that it is structurally impossible to build the kind of “moat” that can, at the very least, keep a crappy business like Uber ...
Convex Finance [CVX] investors pull off a Shiba Inu move, here’s how
The crypto community received some good news in the last 24 hours after the market seemingly attempted recovery. Thus, marking rallies as high as 15% – 20%. The momentary demand helped some altcoins r...
Financial Companies Report First Deal With Digital Assets Under Russian Law – Finance Bitcoin News
Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third p...
Will Logarithmic Finance (LOG) Repeat The Success Of Ethereum (ETH) And EOS (EOS) Following Its Launch?
Over the recent years, the crypto market has become overly saturated with new coins joining the industry all the time. However, while some of these projects become leading cryptocurrencies, others ten...
Can Logarithmic Finance (LOG) Surpass The Success Of Dogecoin (DOGE) Following Its Launch?
Finding the right asset to invest in in the cryptocurrency world can be very tricky if you have not got masses of knowledge. It is important to understand that the crypto market has been affected due ...
Genesis Suffers Nine-figure Losses Partly Through Exposure To Three Arrows Capital And Babel Finance
Genesis Trading, a lending firm and cryptocurrency market marker, is likely to be experiencing losses in thousands of millions, reveals three individuals familiar with the matter. One of the thr...
Grayscale Files Lawsuit Against SEC Over Spot Bitcoin ETF Rejection – Finance Bitcoin News
Grayscale Investments, the world’s largest digital currency asset manager, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) challenging the securities regulator’s decision...
KLAP Finance Wins Applause Of DeFi Investors As It Amasses 2nd Highest TVL On Klaytn
Image source: Depositphotos.com A new DeFi application on the Klaytn blockchain has begun life with a bang, accumulating what is now the second-largest total value locked in its ecosystem just days af...
Babel Finance is losing top employees as client funds remain frozen
Two weeks after suspending client withdrawals and five weeks after raising $80 million in fresh funding, The Block has learned that troubled crypto lender Babel Finance is losing multiple top employee...
Ex-Giuliani Associate Parnas Sentenced To 20 Months In Prison For Fraud And Campaign Finance Violations
Topline Lev Parnas will face 20 months in prison on campaign finance and wire fraud charges, a federal judge ruled Wednesday, closing out a criminal case against a Ukrainian-American businessman whose...
White Hat Gets $630k for Averting Potential $25M Bug on Solana-based Port Finance
Port Finance, a Solana-based lending protocol, has paid out a $630,000 bounty to a white hat hacker who helped prevent a potential $25 million vulnerability from the platform, cybersecurity firm Halbo...
Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves – Finance Bitcoin News
Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Communi...
Babel Finance Reportedly Loses Top Employees Amid Insolvency Rumors
According to crypto news and research website The Block, beleaguered crypto lender Babel Finance is starting to lose several key employees just weeks after the firm suspended withdrawals and battled I...
Top Executives Quit as Babel Finance Sees Financial Woes
Troubled crypto lending firm Babel Finance is continuing to face further woes as multiple top employees are leaving the company. According to the latest report, one of the prominent employees, Yulong ...
BitDegree CEO says traditional finance ‘won’t exist’ without cryptocurrency
In an exclusive interview with Finbold, Danielius Stasiulis, the CEO of BitDegree, outlined how the cryptocurrency sector and the financial system will co-exist in the coming years. He highlighted why...