Tag: newsletters

Nov 29 2022

Compound Finance Slashes Borrow Caps for 10 Markets

Nov 29 2022 Published at Unchained Podcast under tags  newsletters

In an effort to protect against economic attacks, DeFi lending platform Compound Finance has restricted the maximum amount that can be borrowed on ten tokens. A proposal that came into effect on Nov. 28 imposed borrow caps for ten Compound V2...

MakerDAO Votes to Increase DAI Savings Rate

Nov 29 2022 Published at Unchained Podcast under tags  newsletters

Major DeFi protocol MakerDAO’s community is currently voting to increase the savings rate for its stablecoin DAI. A polling contract posted on Nov. 28 asked the community to vote on increasing the DAI Savings Rate (DSR) to either 0.25%,...

Wrapped Crypto Tokens in a ‘Confidence Crisis’: Kaiko Research

Nov 29 2022 Published at Unchained Podcast under tags  newsletters

A continued discount on Wrapped Bitcoin (WBTC) – the largest wrapped version of Bitcoin – has market participants on edge. According to a Nov. 28 report from Kaiko, the last week has seen a “confidence crisis” for wrapped crypto...

DCG and Genesis’s Can’t Sell ‘Highly Illiquid’ GBTC Shares: Messari Founder

Nov 29 2022 Published at Unchained Podcast under tags  newsletters

Messari Founder Ryan Selkis shared some “net good news” for Grayscale Bitcoin Trust (GBTC) shareholders on Monday. In a series of tweets, Selkies said that Digital Currency Group (DCG) and its subsidiary Genesis cannot “dump” GBTC on...

Aave Freezes 17 Low-Liquidity V2 Pools and Votes to Migrate 26 Assets to Ethereum V3

Nov 29 2022 Published at Unchained Podcast under tags  newsletters

DeFi protocols have been upping their risk parameters to fend off attacks from bad actors. On Nov. 28, the Aave community voted in favor of a proposal to freeze 17 tokens with low liquidity on v2 of the protocol. The proposal was passed...

Crypto Lender BlockFi Files for Bankruptcy as FTX’s Contagion Effects Continue

Nov 29 2022 Published at Unchained Podcast under tags  newsletters

On Nov. 28, crypto lender BlockFi filed for chapter 11 bankruptcy protection in a New Jersey court, as the collapse of FTX brings down one more company in the industry. BlockFi is the latest casualty in crypto this year, and it joins Three Arrows Capital, Voyager Digital, Celsius, and FTX on the list of crypto companies going through bankruptcy proceedings, among many others....

Nov 28 2022

Vladimir Putin Proposes Blockchain-Based Cross Border Settlement

Nov 28 2022 Published at Unchained Podcast under tags  newsletters

Russian President Vladimir Putin has called for a new system of international settlements based on blockchain and digital currencies. Speaking at the International AI Journey Conference in Moscow on Nov. 24, Putin said that the current system of...

Alameda Withdrew $204M From FTX US in Final Few Days Before Collapse: Report

Nov 28 2022 Published at Unchained Podcast under tags  newsletters

A new report analyzing fund flows from FTX US has found that Alameda Research withdrew the most funds from the exchange in the days leading up to its collapse. According to analysis from Arkham Intelligence over the weekend, Alameda...

Civil and Criminal Investigation into FTX is Ongoing: Bahamas Attorney General

Nov 28 2022 Published at Unchained Podcast under tags  newsletters

The Bahamas Attorney General Ryan Pinder defended the actions of the country’s regulators following FTX’s insolvency. In a speech on Sunday, Pinder said that FTX remains the subject of an active, ongoing investigation conducted...

Bitcoin’s Supply on Exchanges Falls to 4-Year Low

Nov 28 2022 Published at Unchained Podcast under tags  newsletters

The amount of Bitcoin held on exchanges has fallen sharply after the collapse of crypto exchange FTX. According to data from Santiment, only 6.95% of Bitcoin is currently held on exchanges. This marks the first time this metric has...

Crypto Exchange Coinsquare Suffers Data Breach

Nov 28 2022 Published at Unchained Podcast under tags  newsletters

The world’s largest crypto exchange has committed $1 billion worth of Binance U.S. Dollar (BUSD) to its crypto industry recovery fund. On Thursday, Binance announced...

Nov 25 2022

Binance Officially Launches $1B Crypto Recovery Fund

Nov 25 2022 Published at Unchained Podcast under tags  newsletters

The world’s largest crypto exchange has committed $1 billion worth of Binance U.S. Dollar (BUSD) to its crypto industry recovery fund. On Thursday, Binance announced...

DCG Bought $722M GBTC Partly Funded by Genesis Loans: Report

Nov 25 2022 Published at Unchained Podcast under tags  newsletters

Digital Currency Group (DCG) reportedly used funds borrowed from its liquidity-strapped subsidiary Genesis to fund open market purchases of Grayscale Bitcoin Trust (GBTC). A Nov. 24 report from the...

Maker Offboards RenBTC Vault After Alameda-Related Uncertainty

Nov 25 2022 Published at Unchained Podcast under tags  newsletters

MakerDAO, the largest DeFi platform today with over $6 billion in Total Value Locked, is winding down its vault for RenBTC, a tokenized form of Bitcoin on the Ren protocol. This means MakerDAO users will no longer be able to use RenBTC as collateral to mint Dai. In a...

ConsenSys Privacy Policy Says it Collects User IP and Wallet Addresses Info

Nov 25 2022 Published at Unchained Podcast under tags  newsletters

Ethereum infrastructure firm ConsenSys’ updated privacy policy revealed that it collects user data sparking criticism from decentralization proponents. In a policy updated on Nov. 23, ConsenSys said it stores identity information including first names,...

Nov 24 2022

Aave Proposes ‘Temporarily Freezing’ Some Markets to De-Risk V2

Nov 24 2022 Published at Unchained Podcast under tags  newsletters

DeFi lending protocol Aave is deliberating ways to mitigate risk on its Aave V2 ETH platform after a $60 million short attack. On Tuesday, Mango Markets exploiter Avraham Eisenberg was liquidated...

BTC-e Wallet Resurfaces With $165M Bitcoin Transfer

Nov 24 2022 Published at Unchained Podcast under tags  newsletters

The wallet address associated with defunct-crypto exchange BTC-e moved 10,000 BTC in a series of transfers on Wednesday. A Nov. 23 report from blockchain security firm Chainalysis disclosed that BTC-e sent $165...

Ethereum Staking Withdrawals Goes Live on Devnet

Nov 24 2022 Published at Unchained Podcast under tags  newsletters

Validators staking Ethereum on the blockchain’s deposit contract may soon be able to withdraw their assets. In an update on Wednesday, Ethereum developer Marius Van Der Wijden said that the multiclient withdrawal devnet had been enabled...

SBF Says Billion Dollar Funding Interest Came 8 Minutes After FTX Filed For Bankruptcy

Nov 24 2022 Published at Unchained Podcast under tags  newsletters

Sam Bankman-Fried, the former CEO of FTX, claims that the exchange could have been saved if they held off on filing for Chapter 11 Bankruptcy. In a letter to FTX employees seen by CoinDesk,...

Nov 23 2022

CoinMetrics Tracks Alameda’s On-Chain Footprint to Trace Lost Funds

Nov 23 2022 Published at Unchained Podcast under tags  newsletters

Crypto data analytics firm CoinMetrics traced Alameda’s blockchain transactions in an attempt to answer the question on everyone’s mind – where did the money go In a Nov. 22 report, CoinMetrics said that they discovered that the lines between Alameda and FTX...

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