Everlend Finance, the company behind the Solana decentralised finance (DeFi) system, is winding down its business activities and requesting that users remove their cash from the network. On February 1...
Tag: Finance
Convex Finance (CVX) Prices to Propel Near $10? Can Bulls Sustain
CVX witnessed a strong upside trend for weeks. Prices have seen a gain of 17.76% in intraday. Trading volume rose by 190.54% in the past 24 hours. Convex Finance is a DeFi protocol extending a f...
Artificial Intelligence’s New Role In Medicine, Finance And Other Industries
getty Key takeaways With the power of AI, computers can perform tasks that used to require a human Medicine, finance and customer service are now utilizing AI-based tools to improve operations AI has ...
Solana-Based Everlend Finance to Shut Up Shop
DeFi has been making waves in the financial world and one such platform, Solana-based Everlend Finance, was riding the wave until now. The Solana-based lending protocol has announced that it will be s...
Stargate Finance proposes the reissue of STG token—see why – Cryptopolitan
Stargate Finance has presented a proposition to reissue its STG token to address issues regarding the ownership of Alameda Research’s wallets and other security concerns. According to their proposal p...
Ethereum (ETH) Staked on Lido Finance Sets New Milestone: Details
The amount of ETH staked on Ethereum’s largest liquid-staking protocol, Lido Finance, has just reached $5 million, according to on-chain’s analytics platform, IntoTheBlock. Following the E...
Solana DeFi lender Everlend Finance shuts down its app citing liquidity crunch
Solana-based DeFi lending protocol Everlend Finance has shut down its app platform, despite having sufficient runway to continue operating in the current business environment, the team said on Feb. 1....
Lido Finance (LDO) Price Drop Caused by This Group of Traders
Arman Shirinyan Jump Trading is sending large quantities of LDO to Binance, which could have been reason behind most recent price drop The price performance of LDO during this market recovery has not ...
Lido Finance: Decline in TVL, re-emergence of bears, and everything in between
Due to the fall in prices of some native coins, Lido’s TVL declined in the last week. The buying pressure for LDO has declined significantly, and a price drawback might be on the horizon. Lido Finance...
AMD Stock Surges After Q4 Earnings As Data Center Revenues Impress
Updated at 4:29 pm EST Advanced Micro Devices (AMD) – Get Free Report posted better-than-expected fourth quarter earnings Tuesday as a big gain in data center chip sales offset ongoing weakness...
Could Soros’ New Investment Model Be A “Home-Run” With Impact Investors?
The last name Soros has long been synonymous with finance, but Jonathan Soros is on a mission to realign it with mission based investing, starting with sports and entertainment. Recently formed Athlet...
Curve Finance: Few factors to consider before you leap into any CRV trade
CRV’s price has rallied by over 100% since the year started. Buyers can no longer support any further price rally, as bullish sentiment weakens. The price of Curve Finance’s CRV token has seen a signi...
Cream Finance exploiter moves $3.3M ETH in January
Blockchain analytical firm Peckshield tweeted that the Cream Finance (CREAM) exploiter transferred 365.7 ETH — worth $600,000 — to an unknown centralized crypto exchange TradeOgre on Jan. 30. The expl...
CZ predicts ‘existential implications’ for anti-crypto traditional finance
As traditional institutions proactively reduce exposure to cryptocurrencies as a reaction to ecosystem collapses in 2022, Binance CEO Changpeng “CZ” Zhao believes this move could potentially have a ne...
Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the di...
Lido Finance [LDO] escalates by 160%: How much did large investors help?
Lido Finance (LDO) has increased by over 150% since its rally started. Lido has also witnessed a growth in its Total Value Locked (TVL). Since the start of 2023, Lido Finance [LDO] has seen a value gr...
TradFi and DeFi come together at Davos 2023: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Traditional finance, ...
Traditional Finance Will Undergo Empirical Effects
3 hours ago | 2 mins read Exchange News The fall of certain crypto projects in 2022 has prompted the TradeFi players to take a step back from crypto adoption. CZ recently anticipated that the FTX coll...
Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit – Finance Bitcoin News
Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to I...
US Senate Finance Committee Explored Benefits of Bitcoin Mining
5 hours ago | 2 mins read Bitcoin News Dennis Porter has recently conducted a presentation on Bitcoin mining and its environmental impact. The New Hampshire governor recently conveyed that the legal a...
How one of the largest finance companies you’ve never heard of is doubling down on crypto
Episode 3 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Nabil Manji, Worldpay head of crypto and web3 . Listen below, and subscribe to The Scoop on App...
MakerDAO Community Plans To Deposit $100 Million In Yearn Finance
The MakerDAO community has approved a proposal to deploy around $100 million worth of USDC into Yearn Finance. The decision to deposit the funds on Yearn Finance will allow MakerDAO to earn an annual...
‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament – Finance Bitcoin News
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern ban...
Maple Finance Reveals $100 Million USDC Liquidity Pool
Maple Finance has launched a receivables financing pool with a credit facility of up to $100 million. The pool has been launched in association with Intero Capital Solutions and will be managed by AQR...
MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault
In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a proposal to deploy $100 million of Circle’s US...
AT&T Stock Leaps After Q4 Earnings Beat, Dividend Support
Updated at 1:25 pm EST AT&T Inc. (T) – Get Free Report posted better-than-expected fourth quarter earnings with a muted near-term outlook Wednesday, while adding that it plans to pay down d...
Marinade Finance announces rewards to boost liquid staking on Solana
Marinade Finance, a liquid staking protocol for the Solana blockchain, has announced a token incentive program to reward users who deposit their solana (SOL) coins in exchange for a liquid staking der...
MakerDAO community backs plan to deposit $100 million into Yearn Finance
Governance members of Dai stablecoin issuer MakerDAO have approved a preliminary proposal to deposit $100 million worth of the USDC stablecoin from its reserves into a special investment account known...
Microsoft Stock Leaps After Topping Earnings Forecast On Cloud Gains
Updated at 4:46 pm EST Microsoft (MSFT) – Get Free Report posted better-than-expected second quarter earnings late Tuesday, with stable growth rates for its key cloud computing division, sendin...
Singapore Regulator Advocates ‘One Regulatory System’ for Crypto and Traditional Finance – Regulation Bitcoin News
Singapore’s senior minister and the chairman of the central bank, the Monetary Authority of Singapore (MAS), says there should be just “one regulatory system” for both crypto and traditional finance. ...
Curve Finance to increase pools with additional gauges on Ethereum
The whales on Curve Finance have requested for more gauges to be added to Ethereum. CRV was significantly overbought at press time and might be due for a price correction. Following a request from wh...
White House Asks for Public Comments on Crypto Assets, Blockchain Technology and Decentralized Finance
The Biden Administration is asking the public how they feel about digital assets and blockchain technology as a means of forming upcoming crypto policies. In a new government document, The White House...