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Crypto.com unblocks users, reverses glitched LUNA trades that made 30-40x

Crypto.com unblocks users, reverses glitched LUNA trades that made 30-40x

On May 13, Crypto.com abruptly barred users from trading after an internal tool detected the system quoting incorrect prices for LUNA. 17573 Total views 27 Total shares Crypto.com was one of the few crypto exchanges to keep LUNA trades open as Terra’s death spiral saw an unrecoverable price crash of LUNA and stablecoin UST. However, …

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Bitcoin stays under $30K as LUNA gains 600% during ‘insane volatility’

Bitcoin stays under $30K as LUNA gains 600% during ‘insane volatility’

Bitcoin (BTC) failed to reclaim $30,000 into May 14 as traders looked forward to a relatively stable weekend. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitfinex longs gather strength Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered below the $30,000 mark, now rapidly becoming resistance. The pair had reached just shy …

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On-chain privacy is key to the wider mass adoption of crypto

On-chain privacy is key to the wider mass adoption of crypto

Innovations in the crypto space appear daily. Whether through decentralized applications or new ways to implement and use nonfungible tokens (NFTs) within decentralized finance, blockchain technology is innovating at the speed of light. The only thing missing? Widespread adoption. One thing holding this back is the very public nature of the blockchain. DeFi, as it …

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Curve TVL Sinks $14 Billion; No Longer DApp with Most Value Locked

Curve TVL Sinks $14 Billion; No Longer DApp with Most Value Locked

Curve total value locked (TVL) fell steeply in the second week of May due to decreased investor interest in decentralized finance (DeFi).  Curve was the decentralized application with the most value locked for a long time. According to Be[In]Crypto Research, Curve has lost 61% in total value locked since the start of the year. On …

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Terra-Chainlink Suspension Causes $11M in Losses for Venus Protocol

Terra-Chainlink Suspension Causes $11M in Losses for Venus Protocol

You are here: Home / News / Cyber Security / Terra-Chainlink Suspension Causes $11M in Losses for Venus Protocol May 13, 2022 by Vignesh Karunanidhi Venus, a decentralized finance (DeFi) protocol, has been added to the growing list of those affected by the Terra ecosystem’s collapse this week. The decrease in LUNA token values has …

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Lido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH Peg

Lido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH Peg

On Friday, the value locked in decentralized finance (defi) protocols dropped to a low of $110.35 billion after there was more than $200 billion total value locked (TVL) eight days ago on May 5. One specific defi protocol called Lido, a liquid staking platform and the second largest defi application in terms of TVL size …

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