The issue is tied to the Gemini Earn program, which offers 8% earn interest on crypto lending and is operated by Gemini in partnership with Genesis.
Decentralized finance, also known as DeFi, is a sector within the overall cryptocurrency and blockchain industry focused on providing a decentralized version of mainstream financial opportunities. In the mainstream world, financial institutions offer customers access to opportunities such as cash storage and loans. However, these offerings are governed by centralized entities.
Smart contacts capable of handling complex computations, while ensuring a level of privacy are the future for enterprise adoption.5325
Top-100 DeFi tokens saw a bullish wave with the start of the new month, but many DEX platforms are still haunted by FTX contagion.5709
The company stated it would be discontinuing aBNBc and aBNBb tokens “effective immediately,” and that “new ankrBNB tokens will be minted and airdropped to affected aBNBc and aBNBb users.”2789
Bitcoin proponent and author Jeff Booth is convinced that the crypto ecosystem will eventually collapse as a consequence of its centralization — except Bitcoin, that is.4292
Ankr announced that it will be reissuing aBNBc tokens, promising that it will assess the situation and compensate affected users.8034
The decentralized-finance protocol said it is working with exchanges to immediately halt trading of its BNB staking rewards token, aBNBc.14349
Despite the new multichain vision, the Trader Joe team confirmed that its “true home” and “top priority for all growth efforts” will continue to be on Avalanche.7543
Cointelegraph’s editor-in-chief Kristina Cornèr moderated a panel discussion on DeFi’s future among market dynamics, cyberattacks and regulatory uncertainty.2656
“Fantom will become the youtube/twitch of blockchain platforms,” commented ecosystem architect Andre Cronje.4267
The Solana-based automated market maker Orca has opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe.4283
Demand for liquid Ethereum staking options gains pace in the months following the Merge, according to blockchain data.9963
Auros is an algorithmic trading and market-making firm that provides liquidity for exchanges and token projects.5466
Despite Facebook’s new name, focus and billions in investment, the metaverse will emerge drastically different from its vision.4033
Investors in the round included Ripple, SIX Fintech Ventures and Middlegame Ventures.2599