Serum Exchange Declared Defunct
Serum exchange has been rendered ‘defunct’ following the collapse of the crypto trading platform, Alameda and crypto exchange FTX The Solana-based decentralized exchange (DEX) has informed its community that its program is now “defunct” due to the failure of its backers, FTX and Alameda.Despite ongoing difficulties, the project’s team expressed that “there is hope” due […]
Crypto Lender BlockFi Files For Bankruptcy
Blockfi filed for bankruptcy, becoming the latest casualty of the financial contagion unleashed by the collapse of Sam Bankman-fried’s empire. The cryptocurrency lender, announced on Monday that it had applied for Chapter 11 bankruptcy protection in a New Jersey court along with eight affiliates. This makes BlockFi the latest victim of market instability brought on […]
Aave closes lending markets to stop attacks
Protocol for decentralized liquidity Aave has temporarily shut down lending markets for 17 tokens in an effort to prevent volatility risks that might result in additional market manipulation attempts. Following a vote by Aave governance members to temporarily freeze assets deemed to be volatile and low liquidity, the lending markets were shut down. Yearn Finance […]
Amber Group Cofounder Tiantian Kullander Passes Away
Tiantian Kullander, the former Morgan Stanley trader who co-founded digital-asset trading platform Amber Group, has died. According to the company’s official website, Tiantian Kullander, popularly known as TT, the co-founder of Amber Group, tragically passed away in his sleep on November 23. Tiantian, who was 30 years old, is survived by his wife and son. […]
DeFi protocol raises $10M from Bitfinex, Ava Labs
The prolonged market volatility has not stopped investors from backing a new protocol that merges DeFi and the foreign exchange market. As investments continue to uncover projects with promise, the current bear market in cryptocurrencies has shown itself to be a builders market. For the creation of its new protocol, Onomy, an ecosystem built on […]