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Finance

Nexo launches Nexo Prime, a digital asset prime brokerage platform

Nexo launches Nexo Prime, a digital asset prime brokerage platform

Nexo, the leading regulated institution for digital assets, has launched a propriety prime brokerage platform called Nexo Prime. The new brokerage unit targets institutional, corporate, and high-end worth investors. Nexo Prime shall give traders all the necessary tools for trading, borrowing, lending, and securely storing their digital assets all in a single product. It shall …

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Goldman Sachs Group Inc. plans to provide OTC Ether options trading

Goldman Sachs Group Inc. plans to provide OTC Ether options trading

Goldman Sachs Group Inc. has announced plans to offer over-the-counter (OTC) Ethereum (ETH) options trading. According to the bank’s global head Andrei Kazantsev, the decision to offer Ethereum OTC options trading is pegged on rising customer interest in Ethereum, which is the second-largest cryptocurrency by market cap. On Tuesday in a Goldman Sachs Client Webinar, …

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Curve’s Convex Finance Patches $15B Rug Pull Vulnerability

Curve’s Convex Finance Patches $15B Rug Pull Vulnerability

Quick take: The team at Convex Finance has patched a rug pull vulnerability worth $15 billion The bug was discovered after Coinbase tasked OpenZeppelin with conducting a security review of Convex Finance OpenZeppelin discovered the vulnerability could result in 2 of 3 anonymous multi-signature wallet signers, having direct control over Convex’s locked value of $15 …

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OpenZeppelin Foils Convex Protocol’s Potential $15 Billion Rug Pull

OpenZeppelin Foils Convex Protocol’s Potential $15 Billion Rug Pull

OpenZeppelin has revealed that it recently uncovered a severe vulnerability in the Convex Finance (CVX) DeFi protocol code that would have led to a $15 billion rug pull if exploited. The loophole has since been patched by the Convex development team, according to an April 4, 2022 blog post by the team. Convex Finance Rugpull …

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