Coinbase cancels lending product due to SEC threat

Brian Armstrong-led crypto exchange, Coinbase, has abandoned its proposed plans to launch a crypto lending product, which the United Securities and Exchange Commission (SEC) has argued is a violation of its securities law.
The post Coinbase cancels lending product due to SEC threat appeared first on CryptoSlate. …

Terra’s Anchor protocol hits $4 billion in TVL 6 months after launch

Just six months after its launch, Terra‘s Anchor protocol surpassed $4 billion in total value locked (TVL).
The post Terra’s Anchor protocol hits $4 billion in TVL 6 months after launch appeared first on CryptoSlate. …

Solana, XRP, Cardano lead losses as 91% of all crypto ‘longs’ liquidated

Crypto traders were in for a tough Monday morning as they woke up to double-digit percentage losses across the market.
The post Solana, XRP, Cardano lead losses as 91% of all crypto ‘longs’ liquidated appeared first on CryptoSlate. …

Bitcoin usage has ‘immediate implications’ for El Salvador’s credit rating, TradFi says

Standard & Poor (S&P) warned that El Salvador’s adoption of Bitcoin as legal tender might negatively affect its credit rating.
The post Bitcoin usage has ‘immediate implications’ for El Salvador’s credit rating, TradFi says appeared first on CryptoSlate. …

Scaramucci raises $100 million to invest in Algorand (ALGO) fund

A few days ago, the Anthony Scaramucci-owned SkyBridge Capital announced at its annual SALT Conference that it had filed an application for a crypto-related exchange-traded fund (ETF) to expand its offerings.
The post Scaramucci raises $100 million to invest in Algorand (ALGO) fund appeared first on CryptoSlate. …

Cardano (ADA) boss predicts DeFi bubble will burst, how likely is that to happen?

Cardano founder Charles Hoskinson talks DeFi in his latest interview.
The post Cardano (ADA) boss predicts DeFi bubble will burst, how likely is that to happen? appeared first on CryptoSlate. …