BendDAO lending protocol runs out of ETH to pay lenders
BendDAO, a lending protocol, has exhausted the Wrapped Ether (wETH) in its contract with only 15 left and an estimated 15,000 Ether (ETH) at the moment that will be used to pay lenders. In a Twitter discussion, researcher NFTStatistics.eth broke down the problem and pointed out that NFT platform borrowers now had to pay 100% […]
ETH 2.0 deposit contract hits highs as investors anticipate merge
The amount of ETH in the Ethereum 2.0 staking contract has risen to a new record high with Ethereum’s mainnet Merge just around the corner. The total amount of ETH placed in the Ethereum 2.0 staking contract reached a new record high of 13,340,584 (13.34 million) , according to data from OKLink. The assets were […]
Trading in BTC and ETH begins at giant Brazilian brokerage firm
Following MercadoLibre and Nubank, XP Inc. is the most recent member of the Brazilian fintech industry to provide services for trading cryptocurrencies. A potential 3.6 million customers will now have access to the cryptocurrency markets thanks to Brazilian brokerage firm XP Inc.’s formal launch of its crypto trading platform “XTAGE” there. The Nasdaq Exchange Twitter […]
Rune Christensen Suggests Selling off $3.5 Billion in USDC Reserves
Vitalik Buterin, who is bullish on Ethereum, branded the suggestion made by Rune Christensen a “bad idea.” Recently, Rune Christensen, a co-founder of MakerDAO, suggested eliminating all USDC from the DAI stablecoin’s peg-stability module. He advised that the $3.5 billion of USDC contained inside be utilized to purchase ETH instead. Even though such a transfer […]
Cryptocurrency Market Cap Reaches Its Peak
After the total market value plummeted below $1 trillion, a long cry from the previously recorded $3 trillion, the cryptocurrency markets are presently performing in ways that have not been witnessed in the preceding two months. The current value of the global cryptocurrency market is $1.16 trillion. Several currencies’ trends, particularly those during the last […]