Category: Cryptocurrency News

submitted by /u/allstater2007 [link] [comments]

Kyber Network the multi-chain liquidity hub, today introduced its new Campaigns page complete with a brand new Trading Leaderboard, especially for KyberSwap Trading Contests. Kyber’s flagship Decentralized Exchange (DEX), KyberSwap, provides the best available rates for traders in DeFi and maximizes returns for liquidity providers. With a new points-based ranking system, KyberSwap users can now check…
Read more

The firm is reportedly seeking a new funding round that would infuse with more cash at a 50% lower valuation than one year ago.

submitted by /u/PishkinSecurity [link] [comments]

Deribit, the popular bitcoin & crypto options exchange, announced today a new partnership with 1Token, a front-to-back office financial software for crypto institutions. 1Token is the all-in-one financial software for crypto institutions, supporting 20+ blockchains, 100+ DeFi  protocols, and 80+ CeFi & traditional trading venues. Now, 1Token users can trade all derivatives available on Deribit…
Read more

Deribit, the popular bitcoin & crypto options exchange, announced today a new partnership with 1Token, a front-to-back office financial software for crypto institutions. 1Token is the all-in-one financial software for crypto institutions, supporting 20+ blockchains, 100+ DeFi  protocols, and 80+ CeFi & traditional trading venues. Now, 1Token users can trade all derivatives available on Deribit…
Read more

“Derivatives provide opportunities to protect their portfolios during times of heightened market volatility,” says Emerson Li, brand lead at BingX.

Hi everyone, I wanted to share a project that myself and a few others have been working on the past couple months. It an open-source and decentralized gambling protocol, called Sigma Squared. It's built on the Polygon blockchain (a L2 EVM chain). The project consists of game smart contracts, a DAO, and an ERC20 token…
Read more

Spent way more time looking for it with no luck; maybe you could help? submitted by /u/leo45 [link] [comments]

Celsius has been at the center of most crypto controversies in the last month. The lending platform had had to pause withdrawals, transfers, and swaps on its platform, citing extreme market conditions as the reason, but that was only the beginning of its troubles. However, Celsius looks to be taking it on the chin because contrary to what others have done, the platform has made moves to pay down its debts and has now beaten down its liquidation price by more than 200%. Celsius Pays $120 Million In Loans The beginning of the week came with good news for the Celsius lending platform which had been able to put more money towards its loans. Previously, the company had added 7,000 BTC that had brought its liquidation price down to $16,582 but remained at risk given the volatile nature of bitcoin. That is why the company has continued to add to its position to beat down the liquidation price to save the platform. Related Reading | Mounting Support For Bitcoin At $19,000 As Market Ushers In A New Week Over the weekend, it was reported that Celsius had padded up its position once more, and in a series of repayments since July 1st, the lending platform has paid a cumulative $142.8 million. The latest of these payments had been the most prominent with the platform paying $64 million in DAI stablecoin towards its loans. This payment had come hours after another significant repayment of $50 million in DAI stablecoins. As it stands, Celsius has managed to beat its liquidation price down to $4,967, a more comfortable point for the lending protocol and its users who are still hoping to get back their coins that are now stuck on the platform. Celsius’s outstanding loans now sit at $82 million with an overcollaterization ratio above 577%. CEL token trading at $0.89 | Source: CELUSD on TradingView.com Will Users Get Their Coins Back? Celsius is yet to address users on if they will be getting their funds which are stuck on the platform back. There is a good portion of the market that has considered these coins lost, but with Celsius’ multiple loan repayments, it continues to spark hope in the hearts of investors that they would be able to one day withdraw assets again. Related Reading | Active Ethereum Addresses Touch 2020 Levels, Will Price Follow? Users have reported that the lending protocol has continued to pay rewards on their holdings despite not being able to withdraw. Its native token, CEL, had seen a significant run-up after suffering a terrible loss following the announcement of blocked withdrawals.  Its last communique with the public had been through a Medium post where the platform announced that it continues to work towards stabilizing liquidity and restoring operations. The blog post did not contain information about when it will be restoring withdrawal options. However, it did state that it continues “to take important steps to preserve and protect assets and explore options available to us.” Featured image from Reuters, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…