Why Ethereum locked in DeFi plunged $600m after intense 57% ETH drop

The total amount of Ethereum (ETH) locked in decentralized finance (DeFi) platforms plunged by more than $600 million since February 16. It coincided with a 57 percent drop in the price of ETH from $280 to $120. DeFi platforms like MakerDAO have gained significant popularity in recent months by allowing users to issue loans on the […]
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Traders Leveraging Algorithms Make Gains In Crypto Wealth

The Set Protocol is an automatic trading algorithm that has given investors who risked its use a slightly greener outlook among a massive crash in […]
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MakerDAO’s Community Set to Conduct Debt Auction And Vote On Upgrades

MakerDAO stands as one of the leaders within the rapidly developing sector of decentralized finance or DeFi. Ethereum (ETH) stands as the leading network in […]
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When crypto conferences and coronavirus collide

It isn’t only the markets that are being affected by the coronavirus. This image of the main stage at the CryptoCompare Digital Asset Summit in London tells a thousand words. As mass events and gatherings are canceled around the world, the CCDA Summit may well be the last major event of the industry this year. […]
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Stablecoin Money Markets Attract Capital as Bitcoin Corrects

The cryptocurrency market has tanked alongside legacy financial markets as the looming threat of a Coronavirus pandemic pushes many investors towards capitulation. With money moving out of speculative assets on...The post Stablecoin Money Markets Attract Capital as Bitcoin Corrects appeared first on Crypto Briefing. …

Non-custodial crypto exchange Synthetix is preparing to offer derivatives trading on Ethereum

Non-custodial crypto exchange Synthetix, which is built on the Ethereum blockchain, is planning to add several new features to its platform, including derivatives trading.
The post Non-custodial crypto exchange Synthetix is preparing to offer derivatives trading on Ethereum appeared first on The Block. …