Nexus Mutual is seeking to exit the Maple Finance M11 Credit wETH pool, continuing the domino effect of companies embroiled in a crypto-lending liquidity crunch caused by the collapse of FTX. Nexus currently expects to lose approximately $3 million from its...
Bitcoin has long been referred to as “digital gold,” but an examination of the cryptocurrency’s performance in comparison to other assets reveals that it has yet to earn that title. One thing that is still lacking in the market is a...
The demise of the cryptocurrency exchange FTX will be remembered as one of the darkest periods in cryptocurrency history. In November, the company experienced severe liquidity issues and was unable to honor its customers’ withdrawal requests. Binance, the world’s largest cryptocurrency...
Overcoming Non-Custodial Wallet BarriersTransak, a provider of Web3 onboarding infrastructure, recently announced that Coinbase wallet users can now use its platform “as a fiat on-ramp to buy crypto.” The integration, according to a statement, “simplifies [the] onboarding” of users in Southeast...
Coinbase CEO Brian Armstrong slammed Sam Bankman-account Fried’s of how FTX got into a $8 billion hole on Saturday. Armstrong claims that billions of dollars could not have passed FTX’s founder and former CEO, who graduated from the Massachusetts Institute of...