In a groundbreaking move for the crypto finance sector, Nexo has announced it will begin accepting NFTs as loan collateral. The move by Nexo further integrates NFTs into the crypto finance sector in a way that recognises their value as financial instruments with wider application than just as collectables. Although only NFTs from the two most […]
Nexo Accepts NFTs as Loan Collateral Read More »
In its first external funding round, New York based crypto finance platform Gemini has announced $400 million in new investment from venture capitalists and other investors. The growth equity round has been led by Morgan Creek Digital with Marcy Venture Partners, 10T, ParaFi, Newflow Partners also contributing. Also noteworthy is the presence of the Commonwealth
Gemini Scores $400m for Global Expansion Read More »
The bZx / Fulcrum team has hired crypto lawyer Jason Gottlieb as it continues its pursuit of lost funds – and has begun voting on its proposed compensation plan DeFi protocols have borne the brunt of several recent attacks and security breaches, causing investor losses running into the millions. The bZx Phishing Attack On November
bZx / Fulcrum Phishing Attack Update Read More »
According to its latest ‘Transparency Report’ the Cake DeFi platform experienced macro challenges to its growth this year, as it plans its expansion into tokenized stocks, commodities, and precious metal offerings in the near term. Since its 2019 launch, Singapore based Cake DeFi says it has grown to over 270,000 users and has over $700
Cake DeFi Report Reveals Challenges & Opportunities Read More »
In a new report, the Biden administration’s Working Group on Financial Markets details what it believes are the dominant risks posed by currencies like Tether and USDC – and recommends the US Congress enacts new stablecoin laws. The Working Group on Financial Markets (PWG) worked with the Federal Deposit Insurance Corporation (FDIC) and the Office
US Govt Proposes New Stablecoin Laws Read More »
Bug bounties and contract audits are providing ineffective platform security as Cream Finance is forced to offer a 10% reward to the attacker who exploited its smart contract and stole $130 million worth of tokens. In the October 27th exploit of a ‘Flash Loan’ against Taiwan based Cream Finance, the company says an attacker flash
Cream Finance Hacked Again for $130 Million Read More »
San Francisco based DeFi platform Compound has revealed around $62 million worth of its COMP tokens have not been returned after a flawed smart contract update on September 29th allowed many users to help themselves to the platform’s native token. The bug in the Comptroller contract was introduced on September 29th when the Proposal 62
Compound Contract Bug – $62 M of Comp Still Missing Read More »
As the crypto-finance market continues to expand, more details have been released about the new Gemini crypto credit card Gemini has announced that its new crypto credit card will be a Mastercard and its issuing bank will be Salt Lake City, Utah, based WebBank. Gemini says its Mastercard credit card will be launched in the
The Gemini Crypto Credit Card – New Details Released Read More »
