In total, out of the over $24.1 million worth of liquidations, over half came from DeFi protocol Compound.
The post Monday market decline triggered second-highest amount of liquidations in DeFi space’s history appeared first on The Block.
Publicly-traded remittance firm MoneyGram announced Monday that it has suspended the use of Ripple’s payments solution in light of the distributed ledger company’s ongoing legal fight with the SEC.
The post MoneyGram says it has ‘suspended’ use of Ripple’s platform amid SEC lawsuit appeared first on The Block.
Quick Take
- The booming crypto market is enticing traditional fintech firms to add crypto services — and vice versa.
- Even DeFi projects are trying their hand at fintech.
Yellen critiqued Bitcoin’s energy impact and utility while remarking that the Fed is right to pursue its research into CBDCs.
The post Janet Yellen critiques Bitcoin as ‘extremely inefficient’ for making transactions appeared first on The Block.
The price of bitcoin fell sharply below $50,000 before recovering during Monday morning’s trading session.
The post Bitcoin’s price fell below $47K on Coinbase before swinging back above $53K appeared first on The Block.
Data collected by The Block Research shows that, for the first time, Ethereum miners have brought in more than $1 billion in revenue for the month of February.
The post Ethereum mining’s monthly revenue reaches all time high over $1 billion in February appeared first on The Block.
The price of bitcoin has fallen below $54,000 from nearly $58,500 on Sunday as derivatives positions worth more than $1 billion get force liquidated by crypto exchanges.
The post Bitcoin falls below $54,000 as derivatives positions worth over $1 billion are liquidated appeared first on The Block.
India’s top securities regulator reportedly wants promoters of companies looking to go public to sell their cryptocurrency holdings before raising money.
The post India’s securities regulator wants promoters to sell crypto before IPO: report appeared first on The Block.
Quick Take
- The world’s largest payment companies and financial services firms are finally moving in on the crypto and stablecoin ecosystem. It’s about time.
Two more commercial banks, this time backed by fintech giants Tencent and Ant Group, are said to trial China’s digital yuan.
The post Tencent and Ant-backed banks are said to pilot China’s digital yuan appeared first on The Block.
