Signature Bank: Crypto Outflows Weakened By Core Deposits
The Signature Bank spot deposits dropped by $1.64 billion. This was because $4.27 billion left the bank through digital asset banking. Wedbush, a broker, said in a research report on Tuesday that the most important thing to learn from Signature Bank (SBNY) mid-quarter update is that spot deposits fell by $1.64 billion. This was caused […]
Flash loan attack causes DeFi protocol token NFD to crash by 99%
Flash loans allow users to borrow large amounts of assets without upfront collateral; miscreants use them to exploit DeFi protocols. On September 8, a series of flash loan assaults targeted the decentralized finance (DeFi) protocol New Free DAO, causing a reported loss of $1.25 million. In the wake of the attack, the native token’s price […]
ETH price could decouple from other cryptos after Merge
According to Chainalysis, the price of Ether (ETH) may decouple from other crypto assets after the Merge, with its staking yields perhaps driving significant institutional adoption. According to a report released by Chainalysis on Wednesday, the future ETH upgrade would give institutional investors access to staking yields that are comparable to those of some securities, […]
Aave DAO set to reward devs with $16.3M in retroactive funding
Aave DAO that powers the decentralized finance (DeFi) platform Aave has approved a request to pay members of Aave Companies retroactive financing of $16.28 million for their contribution to the development of Aave Protocol V3. Voting for the initiative started on September 6 and, as of this writing, had received 667,000 yes votes, more than […]
Sony Music Entertainment files for NFT- music trademark application
As previously reported on Coinscreed, applications for NFTs, Web3, and metaverse have surged in 2022 than in 2021, American music giant Sony Music Entertainment has joined the numbers and indicated plans to use non-fungible tokens (NFTs). According to a trademark application submitted to the USPTO on August 30 covering “audio and video recordings incorporating live […]