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Wintermute has launched multi-currency collateral support for CFDs, enhancing capital efficiency and flexibility in derivative trading, according to Wintermute. (Read More)
Binance announces updates to collateral ratios for various assets under Portfolio Margin, affecting users' Unified Maintenance Margin Ratio (uniMMR). (Read More)
The Depository Trust and Clearing Corporation (DTCC) will no longer allocate collateral or extend loans against ETFs with Bitcoin and cryptocurrencies exposure, impacting financial stability and credit assessment. (Read More)
OKX and Standard Chartered launch a collateral mirroring program allowing institutions to use crypto and tokenized MMFs as collateral under VARAs regulation.
As we enter 2023, the crypto market is in for a major bull run. Two names stand out among the many players in this rapidly evolving market: Hedera (HBAR) and Collateral Network (COLT). Collateral Network (COLT) is reshaping the lending and borrowing landscape, and analysts predict a meteoric rise in the price of COLT, the […]
The Makerdao collective is currently immersed in a discussion about the potential rise of the DAI stablecoin’s savings rate to 3.3%. This suggestion was introduced by Block Analitica and revealed to the community on May 26 under the title “Stability Scope Parameter Changes #2.” Block Analitica Proposes Raising DSR to 3.3% Risk and intelligence firm
The post Makerdao Considers Significant DAI Savings Rate Hike: 3.3% on the Horizon, If Vote Passes appeared first on BTC Ethereum Crypto Currency Blog.
Collateral Network (COLT) is one of the fast-rising crypto projects. Since its presale was announced, it has been raking in more profit, already seeing a surge in price by 40% to $0.014 currently, to investors’ delight. Other projects currently getting crypto investors’ attention are Ethereum (ETH) and Cardano (ADA), which are currently appreciated. This article […]
Crypto markets have seen an uncertain start to the year, and it’s difficult to give accurate projections. However, experts are reaching a consensus on a few popular tokens. Collateral Network (COLT) is one of the most promising blockchain projects of 2023. It is currently in its presale, during which experts project a 35x return for […]
HiFi Finance price has caught a majority of crypto traders by surprise today after jumping 70% at press time and still going. HIFI, the native token of the decentralized finance protocol HiFi Finance, is among today’s top gainers as the global crypto market cap is dropped by 2.97%. The main reason for today’s HIFI price …
<p>The post HiFi Finance price jumps 70% after its NFT collateral status update first appeared on CCNC | Cryptocurrency Newscast.</p>
On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of the project’s stablecoin, DAI. Makerdao Proposes Changes to Limit Exposure [...]
The post Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident appeared first on Crypto Breaking News.
The technology landscape is ever-changing, with new innovations hitting the market every day. Two of the latest technologies to enter the scene are Hedera (HBAR) and Collateral Network (COLT), which is notably set for 3500% returns. Both offer advantages that could revolutionize how businesses operate, but they each have their own unique features and advantages. […]
Today, we will be discussing the potential of three cryptocurrencies: Collateral Network (COLT), Solana (SOL), and Cosmos (ATOM). While the latter two are fairly established, Collateral Network (COLT) is new and currently going through phase 1 of the public presale and is set for 35x returns. Let us delve into each of these three cryptos […]
Flow (FLOW), VeChain (VET), Orbeon Protocol (ORBN), and Collateral Network (COLT) have been recommended as the best crypto investments for 2023. Collateral Network (COLT) is highly promising even with the bear market, as analysts predict it may rise as high as $0.35 in presale from its initial price of $0.01. >>BUY COLT TOKENS NOW<< Flow […]
The vote was passed to fully collateralize Frax Finance’s native stablecoin, phasing out its algorithmic backing.
After a bullish 2021 crypto miners sought out loans to allow them to expand, a move which has since backfired following difficult market conditions in 2022.
Exasperation. Irony. Apathy. This week’s story about Binance and its mismanagement of reserves raises many emotions. If you missed it, Bloomberg reported that Binance “mistakenly” pooled collateral for some of the crypto assets it issues with customer funds, with the report citing an unidentified Binance spokesperson. Are you looking for fast-news, hot-tips and market analysis? ... Read more
<p>The post Open letter to crypto: What is wrong with this industry? Binance pools customer funds with collateral | Invezz first appeared on CCNC.</p>
Binance Coin (BNB/USD) has sustained its bullish trend amid reports by Bloomberg that the Binance exchange mistakenly mixed client funds with Binance-peg tokens (B-Tokens) collateral. At press time, the BNB token was up by 3.34% in the past 24 hours to trade at $313.24. According to the report, Binance mistakenly kept B-Token collateral in the ... Read more
<p>The post BNB price up despite reports Binance mixed client funds with collateral | Invezz first appeared on CCNC.</p>
Every day that goes by, fresh information about FTX’s present and historical circumstances is revealed. The corporation owes more than $3 billion to its top 50 debtors, it was recently revealed. In addition, a court document stated that as of this week’s start, FTX and its affiliates had a combined cash balance of $1.24 billion. […]
Compound (COMP/USD), an Ethereum-based decentralised lending protocols that’s among the top markets in the crypto industry, has adopted a proposal suspending the use of four digital assets as lending collateral.
The move follows a governance vote that passed Proposal-131 by 99.99%, with the development seeing the protocol pause the use of 0x (ZRX), Maker (MKR), Basic Attention Token (BAT) and Yearn Finance (YFI). These tokens are deemed to have very low liquidity, potential profiles that malicious actors can exploit.
Protecting against market manipulation attacksAccording to Compound, the move to pause the use of these assets as hard collateral takes effect in two days, with the initial announcement made on Monday.
The result is that borrowers will not access loans with ZRX, MKR, BAT and YFI as collateral.
Explaining the motivation behind Proposal-131, the Compound team referred to it as “out of abundance of caution.”
“An oracle manipulation-based attack analogous to the one that cost Mango Markets $117m is much less likely to occur on Compound due to collateral assets having much deeper liquidity than MNGO and Compound requiring loans to be over-collateralized. However, out of an abundance of caution, we propose pausing supply for the above assets, given their relative liquidity profiles.”
Compound’s move is thus aimed at protecting its users from potential attacks staged via market manipulation of these low liquidity tokens.
Solana-based lending marketplace Mango Markets suffered a $117 million exploit that took advantage of the low liquidity profile of the protocol’s native token to manipulate prices.
The Compound protocol went live in September 2018, pioneering user-to-protocol collateralised borrowing, a innovation that helped to power the first wave of growth across decentralised finance (DeFi).
Data from tracking platform DeFiLlama shows Compound Finance is the ninth largest DeFi protocol, with $2.28 billion in total value locked (TVL).
The post Compound pauses use of four tokens as collateral appeared first on Invezz.
UK-Based DeFi firm, ARQU has launched BlockLender to give clients access to crypto credits (Read More)
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