What Are Liquidity Pools? Beginner’s Guide
The traditional finance world runs on liquidity. So unavailability of funds would cause the financial systems to crash. The same is true for Decentralized Finance (DeFi), a term used to Continue Reading →
Author: Patrick Carter
Meta Lays Off 10,000 Workers After Abandoning NFT plans
Facebook’s parent company Meta announced today a round of layoffs, hours after disclosing that it would wind down support for non-fungible tokens (NFTs). In a blog post, the tech giant Continue Reading →
Circle CEO Claims Silicon Valley Bank Downfall Meant Protecting Digital Dollar From Banking System
In an interview on Tuesday, Circle’s boss Jeremy Allaire pointed out the irony of the traditional banking system disrupting the broader crypto industry. Allaire said there had been talks about Continue Reading →
BTC Surges 9% Following US Agencies’ Statement Regarding Silicon Valley Bank
The price of the most popular cryptocurrency, Bitcoin, has increased after United States regulators issued a joint statement assuring depositors of the fallen Silicon Valley Bank will be made whole. Continue Reading →
Crypto Lender Euler Finance Suffers Exploit, Over $197M Stolen
Euler Finance, a decentralized finance (DeFi) platform, was exploited on Monday, with the hacker stealing over $197 million, according to data from audit firm BlockSec. BlockSec reported that the attacker Continue Reading →
Investor Mints USDC Worth $400M as Stablecoin Regains Dollar Peg
Circle’s USDC is almost regaining its full value after declining 14% over the weekend. Data from CoinGecko shows the stablecoin is trading at $0.99 as of this writing. Recent development Continue Reading →
