Crisis in crypto lending shines light on industry vulnerabilities
The crypto market has entered a bearish phase as prices of major cryptocurrencies have fallen to a four-year low. The current downturn in the crypto market has…
Can Bitcoin survive its first global economic crisis?
Bitcoin (BTC) was a response to the 2008 global recession. It introduced a new way to transact without depending on trust of third-parties, such as banks, particularly…
Risky business: Celsius crisis and the hated accredited investor laws
Risky business: Celsius crisis and the hated accredited investor laws Source link
Maple Faces Liquidity Crisis as Orthogonal Loans $10m to Babel
Maple Finance is facing a liquidity crisis due to more withdrawal requests while borrowers are yet to repay crypto loans. Orthogonal Trading acknowledged that it granted Babel…
Iran to Shut Down Crypto Mining Farms As Energy Crisis Deepens
During the previous two years, authorities in Iran have shut down around 6,914 unregistered crypto companies. Authorized crypto mining plants in the Islamic Republic will be required…
Celsius exodus and liquidity crisis
Last week, the Celsius Network wrote its name in the alarming recent history of the crypto market failures alongside Terra. The American platform has unstaked $247 million…
Bancor Protocol Lifts Impermanent Loss Insurance Following Market Crisis
Bancor protocol has paused its impermanent loss protection feature due to the prevailing market downturn and its knock-on effects. Its case has once again shown the architectural…
Bitcoin Custodians Liquidity Crisis As Price Falls
This is an opinion editorial by Josef Tětek, the Trezor brand ambassador for SatoshiLabs. Bear markets can be scary, with bitcoin dropping to unthinkable levels, leverage positions…
Tether Says USDT Reserve Remains Immune to Crisis on CEL Network
Tether said its USDT reserve is immune to the events impacting the Celsius lending platform. Binance will delist the USDT-Margined SC Perpetual Contract on June 17, 2022,…
Celsius crisis has no impact on USDT reserves
The ongoing crisis of Celsius’s native token has nothing to do with the stablecoin provider Tether and will not impact its USDT reserves, according to the company. Tether issued…