finance Archives

Euler Finance Hacker Turns in $31M as Recovery Efforts Come to Close

April 4, 2023

The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets. In the late hours of Monday, the Euler Finance hacker finally returned the outstanding sum of $31 million, bringing the recovery efforts to a conclusive end. The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets. And shortly after the hack, Euler Finance offered the hacker a 10% fee to return the stolen funds.…

Unbound Finance Will Soon Allow Stablecoin Borrowing Against Uniswap LP Positions on Arbitrum

April 3, 2023

In addition to Uniswap V3 positions, Unbound is also expanding collateral support to LP tokens of relatively volatile asset pools, such as WETH-DAI. The version 2, however, will introduce price stability mechanisms (PSMs) that automatically liquidate or redeem loaned positions to ensure UND’s value remains stable and closely aligned with its intended $1 peg. Source

Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey – Finance Bitcoin News

April 3, 2023 boss

The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics reveal that Russian families keep more money in cryptocurrency wallets than in gold investment accounts or mutual funds. Russia’s Central Bank Evaluates Cryptocurrency Holdings of Russian Households The Central Bank of the Russian Federation (CBR) has published estimates about the digital assets held by the population in the newest edition of its report on household finances. The survey is conducted once every two years since 2013 and the latest results…

USDC’s Depeg Laid Bare the Risks Traditional Finance Poses to Stablecoins

April 2, 2023

Other, smaller-circulation stablecoins lost their pegs, too, including BUSD, issued by Paxos, and crypto-backed stablecoin DAI, issued by MakerDAO. Only USDT seemed to benefit from the turmoil, briefly exceeding $1, most likely because of investors shifting out of the depegged stablecoins. Source

European DeFi startups saw a 120% increase in VC funding in 2022: Finance Redefined

March 31, 2023

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The ongoing downturn in the crypto market hasn’t stopped European venture capital (VC) firms from investing in DeFi projects. A new report revealed that European DeFi startups saw a 120% increase in VC funding last year. The Euler Finance saga continued to dominate headlines, with the exploiter returning a significant chunk of the $190 million in stolen funds. The exploiter has returned over 58,000…

BNB Chain-Based DEX Level Finance Votes on Transferring $200M to Treasury

March 30, 2023

“Rewards, incentives, as well as all emissions will be made directly out of the DAO. Proposals and delegations of votes will be live, and the community (along with our new ecosystem partners), will collectively materialize the full potential of the project alongside our team,” it added. Source

Sam Bankman-Fried to Plead Not Guilty to Bribery, Campaign Finance Charges: Reuters

March 30, 2023

Following his arrest in December, Bankman-Fried is on bail residing at his parents’ home in Palo Alto, California, following a $250 million bond. As part of the conditions of his bail, he has been given a new phone without internet access and a new laptop that can only access approved websites. Source

BUIDL Your Dream Finance With Global Cryptocurrency Trading Platform BYDFi – Sponsored Bitcoin News

March 30, 2023 boss

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Japan’s Finance Ministry to Explore Digital Yen Feasibility: Report

March 30, 2023

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UK NFT Dropped Over Lack of Demand, Finance Minister Hunt Says

March 29, 2023

“I think it’s a question of demand,” Hunt said. “I think we always want to be at the cutting edge in the U.K., in terms of new technology, but the world has changed significantly since then and we’re not convinced that the demand is going to be there in the same way.” Original Source DemandDroppedFinanceHuntLackMinisterNFT CryptoX Portal