Day: October 13, 2022

TrueFi’s $4M Bad Debt in Limbo Shows Risk of Crypto Lending Without Collateral

“Defaults are ordinary course in this asset class and critically important to refining risk parameters and pricing over time,” Roshan Dharia, head of lending at Archblock, a core TrueFi contributor which oversees borrower relationships on the protocol, told CoinDesk. “We have historically been heavily focused on borrower counterparty risk, asset composition and liquidity profile. These diligence items remain the highest priority as we face continued macro headwinds and a protracted bear market.” Source

Why is the price of Huobi Token up 12% today as rest of the market slumps?

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Huobi Token (HT) has been up 12% in the last 24 hours and is one of the few cryptocurrencies bucking the general downtrend. Trading at over $7, HT’s price is up over 80% since the beginning of this week, which is also its best weekly performance since February 2021. HT/USD daily price chart. Source: TradingView HT’s intraday gains coincide primarily with crypto exchange Huobi Global announcing the opening of Starfish Finance (SEAN) spot trading on its platform.  Plans to “empower” HT Additionally, HT’s impressive weekly gains were related to About…

Why is the price of Houbi Token up 12% today as rest of the market slumps?

Huobi Token (HT) has been up 12% in the last 24 hours and is one of the few cryptocurrencies bucking the general downtrend. Trading at over $7, HT’s price is up over 80% since the beginning of this week, which is also its best weekly performance since February 2021. HT/USD daily price chart. Source: TradingView HT’s intraday gains coincide primarily with crypto exchange Huobi Global announcing the opening of Starfish Finance (SEAN) spot trading on its platform.  Plans to “empower” HT Additionally, HT’s impressive weekly gains were related to About…

Football's Cryptocurrency & NFT Crisis

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io From clubs launching fan tokens through companies like Socios, to clubs, competitions, and footballers releasing their own NFT collections, an enormous amount of money has flooded into football from the cryptocurrency industry over the last few years. As far as the likes of FIFA, UEFA, and the Premier League seem to be concerned, these sponsors, digital assets, and non-fungible tokens are easy money with very few overheads – but increasingly they are being met with opposition from fans. In this video, HITC…

Terra Coin Balloons 30% – But Can LUNA Reach Higher Terrain?

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Terra (LUNA) woke up to a good day on Wednesday as the token made an impressive 30% jump in its price on the way to tallying a high of $3.08. Terra accounted for 25.06% of the entire token holdings among the top 100 ETH whales LUNA price surged by 30% today and hit $3.08 Bullish momentum is possible and trading price might reach $3.25 The crypto, though, immediately experienced price correction as it is trading at $2.69 at press time according to tracking from Coingecko. Still, Terra is looking at…

NFTs and crypto provide fundraising options for breast cancer awareness

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The hype around nonfungible tokens (NFTs) may be fading, yet a number of organizations continue to implement Web3 initiatives. Nonprofit organizations and activists, in particular, have begun implementing nonfungible token projects to help fundraise and generate awareness for certain causes.  While these methods are still new, NFT projects for philanthropy have been met with relative success. A recent report from crypto donation platform The Giving Block found that nonprofits using The Giving Block received more than $12.3 million dollars in cryptocurrency donations from NFT-related charitable giving initiatives in 2021. The…