Ethereum Freeze Battle Intensifies As Aave Seeks Restraining Notice Lift
A $300 million bond demand is now at the center of a legal fight over 30,766 Ethereum frozen in the wake of April’s Kelp DAO hack — and a New York court will decide whether the funds stay locked or flow to victims. Related Reading: Bitcoin Buying Streak Ends: Saylor Confirms No New Strategy Purchase […]
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The Central Bank of the Argentine Republic says starting in January 2021, financial institutions will be able to increase the fees or commission they levy for services rendered. In its November 5 update, which effectively ends the February 19 freeze on any fee hikes, the central bank says such increases should not exceed 9% each month. Furthermore, the country’s regulations require financial institutions to communicate any intention to increase such commissions 60 days in advance. In the update, the central bank provides a list of the types of financial services where the....
HashFast issued a response to the Temporary Restraining Order via its blog, claiming that the plaintiff in question has never purchased any products from the company. The plaintiff, Cypher Enterprises, has in turn denied this and posted response to the bitcointalk forums here and here. Obviously this is a matter for lawyers to negotiate and possibly a judge to decide, so CoinDesk will not be updating this page any further. Feel free to read the backgrounds from both sides' perspectives, and remember that honesty, transparency, and open communications channels are always the best way to....
As Ethereum (ETH) experiences increasing volatility and mixed market sentiment, many of its largest investors are looking for new ways to maximize their portfolios. Ethereum (ETH) whales, who hold significant amounts of Ethereum, have been diversifying their holdings, shifting their attention to promising altcoins like Mpeppe (MPEPE), Quant (QNT), and Aave (AAVE). These tokens have […]
Top decentralized finance (DeFi) coins such as AAVE are outperforming over the past day. While Bitcoin and Ethereum are both up massively today, AAVE is up 18.5% in the past 24 hours alone. This performance makes it the best-performing digital asset in the top 100 by market capitalization. AAVE is now up by approximately 10% […]
The Fantom market on Aave v3 adds just $30 each day to the DeFi protocol's treasury; developers are also concerned that the integration creates security risks. On Tuesday, Marc Zeller, integration lead at decentralized finance (DeFi) borrowing and lending protocol Aave, proposed to freeze the platform's v3 Fantom market. Created in 2018, Fantom is a directed acrylic graph smart contract platform that provides DeFi services and on which Aave is currently bridged. Zeller explained the rationale for removing the Fantom bridge:"After the Harmony bridge event and the recent Nomad bridge....