[ad_1] Uniswap users can now purchase crypto using their credit and debit cards. Crypto purchases through fiat will be available on Ethereum mainnet, Polygon, Optimism, and Arbitrum. The service will be provided with no minimum fees and zero spreads on USDC purchases.  The protocol is working on an option to convert crypto to fiat to […]

[ad_1] Summary: The blockchain startup suggested connecting Uniswap V3 to BNB Chain, the second-largest DeFi ecosystem with over a million active user addresses and $5 billion in total value locked. 0xPlasma Labs argued that deploying on BNB will expand utility and trading on the decentralized exchange beyond Ethereum’s network.  0xPlasma Labs submitted a governance proposal […]

[ad_1] The funds in SushiSwap’s treasury can only sustain it for another 1.5 years. The decentralized exchange is currently burning through $5 million a year.  CEO Jared Grey has proposed to divert all fees to the exchange’s treasury for one year. A new tokenomics proposal is in the pipeline.   Decentralized exchange (DEX) SushiSwap has seen […]

[ad_1] Summary: Maple’s Monday statement said that Orthogonal Trading defaulted on eight loans worth around $36 million. The loans were tied to two pools operated by Mavens M11 credit. Maple founder Sid Powell expressed shock and disappointment due to the incident.  DeFi lending protocol Maple Finance severed ties with trading outfit Orthogonal Trading after the […]

[ad_1] Summary: Ankr’s team will take a snapshot and reimburse affected users, a thread from the protocol explained following the hack. An exploiter drained around $5 million of Binance’s BNB from the DeFi platform during the early hours of Friday. Changpeng Zhao said his exchange froze around $3 million of the stolen funds.  Ankr protocol […]

[ad_1] Bloomberg published a report outlining a “fresh: probe by the Department of Justice into Tether’s bank-fraud case.  Tether has responded to the report and accused Bloomberg of recycling old news.  The original investigation revolved around Tether executives who allegedly committed bank fraud. The stablecoin issuer has assured that it is cooperating with law enforcement […]

[ad_1] The SushiSwap DAO has voted in favor of a key restructuring proposal. Increasing scrutiny of DAOs by market regulators likely contributed to this move.  The proposal will form three new entities which will be responsible for the management and development of the DAO. The Sushi community voted overwhelmingly in favor of the proposal with […]

[ad_1] Celsius investors want the proceeds from the sale of the company’s remaining valuable assets.  The Creditors Committee believes that it has the right to cash in the payment from sales.  Investors have submitted a motion to appoint an official preferred equity committee. The presiding judge has agreed to the U.S Trustee’s proposal to appoint […]

[ad_1] A house in South Carolina, U.S, has been sold for 175,000 USDC via Roofstock onChain. The property became the first real estate purchase using USDC and was enabled by an NFT.  The Web3 marketplace enables property purchases within minutes via NFTs. Roofstock raised $240 million in March 2021. Roofstock onChain, the web3 arm of […]

[ad_1] The DeFi lending protocol Moola Market was recently hacked and exploited for $10 million. The attacker has returned most of the funds back to the protocol post-successful negotiations conducted by the firm. The moola market has become the latest victim of the “hacktober” mania. The Celo protocol market was recently exploited by a hacker […]