Key Takeaways Celsius, still facing its ongoing liquidity crisis, has recruited two new directors and dismissed three others. Alan Jeffrey Carr and David Barse will join the board alongside Celsius CE...
Tag: Liquidity
After Market Turmoil, USDC Issuer Circle Comes Clean Hinting No Liquidity Risks
The cryptocurrency market has been going through a very rough period with several crypto firms reporting insolvencies and bankruptcy. A few hours ago, Voyager Digital announced its bankruptcy, becomin...
Nexo All Set to Acquire Crypto Lender Vauld Amid Liquidity Crisis
Defi News On Monday, the company suspended operations and stopped client withdrawals. Since June 12, withdrawals totaling $197.7 million have been reported by the firm. The Singapore-based crypto lend...
Ethereum To Witness A Huge Liquidity, ETH Price To Drop Below $1000 Again – Coinpedia – Fintech & Cryptocurreny News Media
After spending most of the previous weeks in red, today, the global cryptocurrency market has flipped to green. This price action has been boosted by the leading cryptocurrency Bitcoin (BTC), which ha...
How Stable Is Tether? Data Shows USDT At Massive Liquidity Imbalance
The Tether stablecoin (USDT) appears to have failed in convincing investors that it is able to handle mass redemptions in the market. Data from Curve- the largest DeFi stablecoin exchange- shows that ...
Crema Finance suspends liquidity protocol on Solana amid probe of hack
Crema Finance, a concentrated liquidity protocol on the Solana blockchain, temporarily suspended services because of a hack that drained an undisclosed amount of funds, the company said on Twitter ear...
Solana’s Hack Investigation Forces Crema Finances to Shut Liquidity Protocol
While the Crypto Twitter community waited for Crema Finance to report on the matter, they took it upon themselves to locate the hacker’s wallet and gain a deeper understanding of the issue. Crema Fina...
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,...
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...
Celsius’ Unsuccessful Attempt to Stabilize Liquidity
As a direct result of the recent poor performance of the cryptocurrency market, the Celsius Network is now dealing with liquidity concerns. The withdrawal option on Celsius was disabled a month ago, a...
Bed Bath & Beyond’s liquidity ‘circles the drain,’ BofA warns
Bed Bath & Beyond could be swirling toward extinction as it confronts the problem of weakening liquidity with sales and profits under severe pressure, Bank of America (BofA) warned in a new note. ...
CoinFLEX reveals Roger Ver as the counterparty responsible for its liquidity issues
Several cryptocurrency companies have been facing severe liquidity issues recently due to the state of the cryptocurrency market. Due to the low trading and overall bearish sentiments, there has been ...
BnkToTheFuture proposes 3 methods to solve Celsius Network’s liquidity issues
BnkToTheFuture, one of Celsius Network‘s leading investors, has submitted three proposals that could help solve the firm’s liquidity issues and save it from bankruptcy. #DepositorsFirst Celsius Recove...
Bitcoin Price Slips Below $20k Again as Liquidity Crisis Rocks the Industry
Bitcoin (BTC), the cryptocurrency industry’s premier digital asset has slipped below its major support level and is currently trading below $20,000. At the time of writing, Bitcoin is changing hands a...
Celsius Exploring Solutions for Liquidity Crisis
Key Takeaways Celsius has announced that it is exploring plans to help it regain solvency amidst its ongoing liquidity crisis. Celsius says that it is exploring strategic transactions, liability restr...
How lock-ups in staking and liquidity pools result in hindering crypto mass adoption?
The destruction and crash that the crypto market has been through during the past several weeks have badly affected the trust on crypto. It’s not that often when we see any drawback or shortcom...
Hedge Funds Working to Systematically Destroy USDT’s Liquidity: Tether CTO
Today, Paolo Ardoino, Tether’s Chief Technology Officer, responded to what he described as “public and planned” attacks against USDT by several hedge funds. He stated that they might have done this to...
Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH
XCarnival, a liquidity provider for the Ethereum ecosystem, recovered 1,467 Ether (ETH) just a day after suffering an exploit that drained 3,087 ETH, worth roughly $3.8 million, from the protocol. Blo...
My Liquidity Partner (MLP) Is Now Available for Trading on LBank Exchange – Press release Bitcoin News
press release PRESS RELEASE. INTERNET CITY, DUBAI, Jun. 27, 2022 – LBank Exchange, a global digital asset trading platform, has listed My Liquidity Partner (MLP) on June 23, 2022. For all users of LBa...
My Liquidity Partner (MLP) Token Debuts On LBank Exchange ⋆ ZyCrypto
Advertisement     On June 23, 2022, My Liquidity Partner (MLP) launched on LBank Exchange. My Liquidity Partner (MLP) lets liquidity partners receive a weekly passive ...
Several Trading Platforms Are Now Battling Cryptocurrency’s Liquidity Issue » NullTX
An industry spread selloff in digital assets from significant exchanges and the fall of highly rated tokens like TerraUSD and Luna have triggered ripple effects across the crypto industry. The recent ...
Voyager Digital Secures $200m Credit Facility to Meet Liquidity Demands
The need to be more adequately equipped for the current crypto winter has pushed Voyager Digital Holdings, a prominent crypto trading and investment platform, to secure more than $200 million in credi...
Convex liquidity declines amid imminent $126 million token unlock
Over a quarter of the supply of Convex Finance (CVX) is about to be unlocked, spurring fears about a further price decline. This comes as the amount of liquidity on the platform — which can help absor...
Bitfarms Sells 3,000 BTC to Help With Liquidity Amid Market Downturn
Canadian crypto mining giant Bitfarms has reneged on its hodling strategy and is instead selling 3,000 bitcoins for $62 million amid a recent market rout squeezing miners’ profitability. The CFO of Bi...
Maple Finance Faces Liquidity Crunch From Babel Contagion
Crypto lender Maple Finance is also facing liquidity issues amid the ongoing liquidity crisis in the crypto market. Maple Finance on Wednesday revealed that Babel Finance has a loan of $10 million in ...
Bitfarms sold 3K Bitcoin as part of strategy to improve liquidity and pay debts
Canadian crypto mining firm Bitfarms sold roughly $62 million worth of Bitcoin (BTC) in June, using the proceeds from the sale to reduce its debt. In a Tuesday announcement, Bitfarms said it had sold ...
Why Staked Ether (stETH) seems to be responsible for another liquidity crisis?
Here the crypto market is hardly showing any growth amidst the ongoing crypto crash, yet another one seems to create a similar situation. It hasn’t been long since a stablecoin collapse in the form of...
Which Projects Could Be Affected by 3AC’s Liquidity Crisis?
Key Takeaways Three Arrows Capital is facing a liquidity crisis due to the collapse of the crypto market. It’s believed that the firm could be facing bankruptcy as it struggles to pay off its de...
xToken Introduces Rebalance CLI for Liquidity Management
xToken is introducing the Rebalance CLI. With the CLI, pool managers can reposition liquidity into new price ranges depending on the requirements. At the same time, the participating liquidity provide...
Babel Finance announces steps to improve its liquidity situation
Crypto financial services firm Babel Finance, which abruptly suspended withdrawals last week, has announced several steps to improve its liquidity situation. Sharing the news with The Block in a state...