Tag: cefi

Aug 16 2022

Another CeFi Firm Hit With Liquidation Woes

Aug 16 2022 Published at Coingape under tags  cefi crypto liquidation hodlnaut news ust crash

Singapore based crypto lender Hodlnaut has filed an application with Singapore High court to be placed under judicial management. A while ago, the...

Aug 09 2022

Despite Crypto Winter Fundraising In 2022 Overshadows Previous Year’s Record

Aug 09 2022 Published at Bitcoinist.com under tags  bitcoin cefi crypto crypto news ethereum

The wave of the crypto winter in the first half of 2022 was quite devastating. The price drop in almost all the cryptocurrencies brought down the value of the market by more than 50%. The losses were considerably massive that many investors and even miners resorted to selling off holdings to wane off the effect. However, the crypto industry seems to have laid...

Jul 04 2022

The Current Crypto Cycle Delivers Hard Lessons on Commitment, Decentralization and Utility

As every crypto bull run has concepts and wild ideas that spread like memed wildfire and turn FOMO into euphoria, so each post-crash bear phase has its own corelated events and themes, that serve to propel crypto on towards a new cycle. Looking back over the past few years in crypto, there are key behaviors that will stick in the collective memory as...

Jun 23 2022

New Narratives Emerge, but Crypto Utility Is Simple

Bitcoin and cryptocurrency often trade on narratives, shifting to fit world events and play the role that is currently most required of them, or to offer hope for the future. This is especially apparent when it comes to bitcoin itself, which has transitioned through several narrative phases, in each of which its most vocally touted utility altered with the global news outside.Contrasting...

Jun 13 2022

Nexo Offers To Acquire Celsius Network’s Collateralized Loan Portfolio

Nexo has announced that it wants to purchase qualifying assets from Celsius Network. Celsius Network suspended withdrawals until further notice because of current market conditions. The focus is now to stabilize liquidity and operations. As Celsius Network undergoes some dramatic consequences due to the market crash, competing crypto financial platform Nexo has announced that it intends to acquire the former’s qualifying assets. Nexo...

Celsius Has Paused Customer Withdrawals

Jun 13 2022 Published at Crypto Briefing under tags  business cefi celsius

The development follows weeks of rumors that the crypto lender could face insolvency issues due to the decline in the crypto market. Celsius Customers Blocked From Accessing Funds Celsius appears...

May 02 2022

DeFi vs CeFi: What is the Difference?

Within the cryptocurrency sphere, there are two main types of finance that investors use to buy cryptocurrency, engage in protocols and store their cryptoassets.

Feb 24 2022

Jan 31 2022

Unizen to Establish CeDeFi Alliance, a Non-Profit Advocacy Organization Fusing the Best Features of CeFi and DeFi

Let’s face it, centralized finance (CeFi) is the legacy financial architecture. The main characteristic of CeFi services is that they are run by centralized entities, such as banks, hedge funds, corporations, etc. Even though most blockchains are decentralized, there are many centralized companies operating in the cryptocurrency space that belong to the CeFi category - think of centralized exchanges (CEXs), centralized lending service...

Dec 24 2021

Meet Vauld: Great Yields on Your Crypto

Have you checked CoinGecko recently? Then you know that Bitcoin cannot make up its freakin' mind if to dive down or go higher. Annoying isn't it? Just sitting on the sidelines waiting for what will happen next. What can you do in the meantime to safely grow your stash? Introducing Vauld That's what you have Altcoin Buzz for - to give you the...

Nov 18 2021

NEXO Will Buy Back $100 Million of Its Token

Nov 18 2021 Published at Altcoin Buzz under tags  buyback cefi cryptocurrency news nexo

Nexo is one of the leading CeFi crypto lenders. And as of yesterday, they are starting on Buyback 2.0. They are repurchasing up to $100 million worth of their Nexo token. By calling it 2.0, that implies there was a 1.0. And there was. Back in 2020, Nexo bought back $12 million of their token. This will be 8x that amount. Their...

Nov 09 2021

The Ultimate Guide of OpenOcean Ecosystem

Isn't it exhausting and inefficient to manually check for the best crypto trading prices on different Centralized and Decentralized exchanges and then carry out the trades? That is where price Aggregators fit in. They work just like Expedia works for your travel bookings. They are getting you the best deals always. However, CeFi and DeFi run in parallel universes. For example, DeFi has...

Jul 22 2021

Deconstructing CeFi

Jul 22 2021 Published at Kraken Blog under tags  cefi kraken intelligence

Crypto savings accounts are rapidly becoming an attractive option over traditional savings accounts. As interest rates drift lower – sometimes negative – people are seeking to maximize passive returns on their crypto assets. In Kraken’s previous report on decentralized finance, we explored how participants are… The post Deconstructing CeFi appeared first on...

May 22 2021

OpenOcean Aggregates Loopring Ethereum Layer 2

OpenOcean has revealed that they will be aggregating Loopring Ethereum Layer 2 on the OpenOcean platform. This move is expected to reduce transaction fees as well as to speed up trading and maintain the same level of security as the main Ethereum chain (Layer 1). The official announcement by OpenOcean about aggregating Loopring Ethereum Layer 2 stated:...

Dec 11 2020

Market Wrap: Bitcoin Holding at $18K; Active Ethereum Addresses up 140% in 2020

Dec 11 2020 Published at CoinDesk under tags  bitcoin cefi chainlink commodities cosmos

Bitcoin’s price dipped below $18,000 for the third straight day while an increase in active Ethereum addresses is fundamentally positive.

Oct 31 2020

Decentralized Finance (DeFi) vs Centralized Finance (CeFi)

The banking system has been prevalent for centuries with established models. Said models have not changed for a long time. People have become comfortable with the system. They have become a part of the system. The standard SOPs have been engraved in the minds of a regular customer. Now, all of a sudden, we have a new kid on the block, Decentralized Finance...

Oct 13 2020

Binance CEO Says DeFi Will Replace CeFi

Changpeng Zhao, CEO of top cryptocurrency exchange Binance, has stated that decentralized finance (DeFi) would replace centralized finance (CeFi) in the long run. The Binance CEO made this statement during a live chat with Reuters’ Anna Irrera while speaking on DeFi and CeFi at the...

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