Inverse Finance allows users to get token loans by supplying tokens to the protocol as collateral. The newly launched floki pool has a collateral factor of 50% as of Wednesday, which means users can take 50% of the value of their staked floki inu tokens in the form of DOLA, a stablecoin issued by Inverse Finance pegged on a one-to-one basis with the U.S. dollar, or other … [Read more...] about Floki Inu Deposits on Inverse Finance Break $44M Within Hours
Deposits
BitMart Resumes Ether Withdrawals and Deposits, Three Days After $200M Hack
Crypto exchange BitMart has resumed ether withdrawals and deposits, three days after hackers stole approximately $200 million from hot wallets, the exchange’s CEO Sheldon Xia tweeted on Wednesday.Withdrawals and deposits for other tokens will follow shortly, Xia said.BitMart is replacing all deposit addresses for bitcoin, ether, and solana, and is encouraging users to log out … [Read more...] about BitMart Resumes Ether Withdrawals and Deposits, Three Days After $200M Hack
Binance opens layer-2 ETH deposits with Arbitrum One integration
Today, Binance announced the integration of the Arbitrum One core network and opened Ether (ETH) deposits on the Arbitrum One Layer 2.Arbitrum is a third-generation layer-2 optimistic rollup protocol that runs on an off-chain Ethereum contract and lowers costs and speeds up transactions than on the Ethereum mainnet.The announcement notes that Binance users can now deposit any … [Read more...] about Binance opens layer-2 ETH deposits with Arbitrum One integration
Customers Bank Veers Into Crypto With Transfer Token, $1.5B in Crypto-Related Deposits
Pennsylvania-based Customers Bank has started onboarding its first cryptocurrency businesses, offering those firms use of a digital asset payments platform plus the bank’s own internal digital fiat token.As such, Customers Bank will compete with Silvergate in California, Signature in New York and only a handful of others openly offering crypto firms basic accounts, as well as a … [Read more...] about Customers Bank Veers Into Crypto With Transfer Token, $1.5B in Crypto-Related Deposits
Is DeFi season back? Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed
Is DeFi season back? Stablecoin 'yield' deposits nearly doubled last month even as Bitcoin crashed Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Tether › DeFiStablecoins prevail during a pullback market as upcoming crypto management platforms provide avenues for high yield profits. Ana … [Read more...] about Is DeFi season back? Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed