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DeFi protocols launch stablecoins to lure new users and liquidity, but does it work?

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In the wake of UST’s collapse, several DeFi platforms launched their own stablecoins to lasso new users and liquidity but are investors willing to take on the risk in return for 20% APY?

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Coin Market

DeFi lending protocol Sky to drop wrapped Bitcoin after governance vote

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The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform. 

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Coin Market

BingX confirms ‘minor’ losses amid panic over hot wallet movements

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Crypto exchange BingX’s product chief Vivien Lin has confirmed there was a hack and a “minor asset loss,” which is still being calculated.

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Coin Market

Germany seizes 47 crypto exchanges tied to ‘underground economy’

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German authorities sent a loud and clear message to criminal users of the exchanges: We found their servers and have your data — see you soon.

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