Category: compound

Analyst predicts five altcoins set for major push towards the end of 2020

Crypto influencer Tyler Swope has revealed his top altcoin picks as 2020 draws to a close. The list includes top names in the DeFi space, as well as other blockchain utility tokens. The crypto industry is still experiencing the euphoria of last week’s bull run, although some signs suggest that momentum might have thawed. However, investors […]

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Compound releases own blockchain and breaks away from Ethereum

Compound will release the Compound Chain, an interoperable, cross-chain platform. The Compound Chain is expected to bring new assets into the protocol. Many have been criticizing the dependence of DeFi platforms on the Ethereum blockchain for some time. Looking to make a change, Compound, one of the top lending protocols in the decentralized finance (DeFi) […]

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Compound releases white paper for new cross-chain protocol

Compound releases white paper for new cross-chain protocol

The team behind money market protocol Compound has released a white paper detailing Compound Chain, a new tool they say could bring more assets into the protocol from numerous ledgers.  The announcement describes Compound Chain as “a distributed ledger capable of transferring value and liquidity between peer ledgers.” In other words, users can borrow and […]

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DAI price increase led to a massive $103 million worth of liquidations at DeFi protocol Compound

DAI price increase led to a massive $103 million worth of liquidations at DeFi protocol Compound

A momentary price increase in the DAI stablecoin earlier today led to massive liquidations at decentralized finance (DeFi) protocol Compound. The protocol witnessed $103 million worth of liquidations, according to tracker LoanScan. Market conditions also led to liquidations at DeFi protocol dYdX, worth about $8 million. Together, both the protocols liquidated more than $110 million […]

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Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think

Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think

Decentralized finance otherwise known as defi has climbed significantly in value this year, as the total value locked (TVL) in defi today is over $14 billion. Meanwhile, numerous defi platforms are getting attacked with flash loans and there are so many new defi projects, it’s hard to keep track of them all. Moreover, while many […]

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Hacker Steals $20 Million From DeFi Protocol Pickle Finance

Hacker Steals $20 Million From DeFi Protocol Pickle Finance

Another day, another DeFi hack. Pickle Finance just announced that funds deposited in one of its smart contracts were stolen by a hacker hours ago. The team is still investigating how exactly the hacker stole approximately $20 million in funds. Their wallet is still “dormant” and has not started the “money laundering” phase that tends […]

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$100 Million Accelerator Fund from Binance Now Supports PARSIQ, a Reverse-Oracle Blockchain Platform

$100 Million Accelerator Fund from Binance Now Supports PARSIQ, a Reverse-Oracle Blockchain Platform

PRESS RELEASE. PARSIQ is a working platform that makes blockchain events consumable and blockchain data actionable. It allows users—both individuals, companies, enterprises—to monitor any events across different blockchains in real-time and at scale and connect those events to any off-chain apps or devices to automate different workflows. A blockchain-to-everything monitoring service PARSIQ was announced to […]

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Major Defi Token Prices Plunge, as Money Moves Back Into Bitcoin

Major Defi Token Prices Plunge, as Money Moves Back Into Bitcoin

Major decentralized finance (defi) projects fell sharply in October, with token prices tumbling by between 30% and 56%, as money appears to be moving away from the overhyped space and back into bitcoin. According to Coingecko data, Andre Cronje’s Yearn Finance (YFI) fell fastest, crashing 56% to around $10,400 as of Nov. 1, down from […]

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Kraken CEO: ‘Defi Scams’ Must Take Their Losses as Way to ‘Enlightenment’

Kraken CEO: ‘Defi Scams’ Must Take Their Losses as Way to ‘Enlightenment’

Jesse Powell, chief executive officer of the world’s fourth-largest crypto exchange Kraken, has criticized decentralized finance (defi) projects, accusing them of being “scams” that enter the market too quickly, unprepared. In a charged Oct. 26 tweet, Powell said the “scams” should not expect crypto exchanges to bail them out once things go wrong. Preferring to […]

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