Netherlands-based crypto investment firm Maven 11 has launched its third lending pool on Maple Finance, giving borrowers access to liquidity amid the bear market. The $30 million pool financed by institutional lenders will be utilized by trading firms that include Wintermute, Auros and Flow Traders, among others, Maven 11 announced this week. The new pool is designed “specifically for institutions…
Amid the Covid-19 pandemic in 2020, the world’s bureaucrats, financial institutions, multinational corporations, and international organizations started promoting the Great Reset concept, an idea launched by the World Economic Forum (WEF) that claims to bolster a greener and fairer world. Since the Great Reset idea started seeing a lot more promotion that year and well after 2020, a great number…
2022 has been a lucrative year for hackers preying on the nascent Web3 and decentralized finance (DeFi) spaces, with more than $2 billion worth of cryptocurrency fleeced in several high-profile hacks to date. Cross-chain protocols have been particularly hard hit, with Axie Infinity’s $650 million Ronin Bridge hack accounting for a significant portion of stolen funds this year. The pillaging…
Ether’s (ETH) impressive 85% gain in the past thirty days will have surprised even the most bullish investors and it makes the $800 range seen from mid-July seem like ages ago. Bulls now hope to turn $1,900 to support, but derivatives metrics tell a completely different story and the data suggests that professional traders remain highly skeptical. Ether 1-day price…
This is an opinion editorial by Tomer Strolight, editor-in-chief of Swan Bitcoin and author of “Why Bitcoin.” I dropped into a Twitter Spaces the other afternoon focused on Bitcoin. In it were at least a dozen grown men talking about how much they loved, appreciated and admired everything about Bitcoin. Over a hundred others were listening in. The speakers compared…
Sam Bankman-Fried has handed out some $750 million in lifelines to BlockFi and Voyager after the two lenders went insolvent amid the current crypto crash, and he has made clear that more bailouts might be on the way from his companies FTX and Alameda Research. His emergency aid has earned him comparisons to J.P. Morgan during the crash of 1907…
Solana released its first ever, ‘Validator Health Report’ which revealed information on its network operators. According to the report the network has over 1,900 block-producing nodes with nearly 1,688 (88.14%) of those run by independent entities. Solana says the health and strength of its validators is critical to long-term health of the ecosystem. Previously, the network has faced backlash for…
India’s Enforcement Directorate (ED), the agency responsible for financial crimes, is looking at cryptocurrency exchanges suspected of processing transactions that sent more than 10 billion rupees, or about $130 million, from firms under investigation to international wallets. At least ten crypto exchanges are allegedly involved, according to an official who spoke to The Economic Times, and bank accounts of exchange…
In the aftermath of the Treasury Department’s stunning decision Monday to ban Ethereum coin mixing tool Tornado Cash, many crypto industry leadwalletsers are reconsidering their exposure to centralized resources and products within the American government’s reach. Add to that growing list blue chip DeFi protocol MakerDAO. This morning, MakerDAO’s founder, Rune Christensen, announced via Discord that the organization will be…
Following the successful implementation of The Merge into Ethereum’s Goerli testnet, Ethereum developers confirmed during a Consensus Layer Call livestream that the highly anticipated proof-of-stake (PoS) upgrade is coming this next month on or around September 15th to the 16th. After the Ethereum network’s Total Terminal Difficulty (TTD) hits 58750000000000000000000, the chain will fully transition into a PoS blockchain after…
