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Decentralized finance protocols (DeFi) Cream Finance and Alpha Finance were victims of one of the largest flash loan attacks ever Saturday morning, resulting in a loss of funds totaling $37.5 million, according to transaction details on Etherscan. Two hours later Cream Finance said its contracts were “functioning as normal” and markets had been enabled. Alpha...
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Babel Finance is letting bitcoin mining firms put up their machines as loan collateral so the lender can offer them better terms. The loan-to-value ratio (LTV) for these loans is 30%, in part because Babel keeps the freshly mined crypto until the borrower pays back the loan. The LTV is significantly cheaper than the 160%...
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Crypto custodian Copper is looking to connect institutions to the emergent world of decentralized finance (DeFi) with a newly unveiled product.  Announced Friday, CopperConnect is a bridge between Copper’s existing storage services and DeFi apps. In a press release for the new tool, Copper claims DeFi risks have been decreasing, making the speculative field more...
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Curve Finance, a decentralized exchange, will distribute nearly $3 million in accrued fees to the platform’s governance token holders, following a community vote. On Friday, a week-long voting period seeking to determine how “admin fees” were to be allocated closed in favor of token holders. Now, in three days, some $2,631,601.92 worth of fees –...
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An arbitrage trade exploiting weak points in decentralized finance (DeFi) protocol Harvest Finance led to some $24 million in stablecoins being siphoned away from the project’s pools on Monday, according to CoinGecko. According to reports, an attacker used a flash loan – a technique that allows a trader to take on massive leverage without any...
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Bitcoin traders hit the buy button Monday while a DeFi project gains $135 million in BTC locked since the start of September. Bitcoin (BTC) trading around $11,689 as of 20:00 UTC (4 p.m. ET). Gaining 2.2% over the previous 24 hours. Bitcoin’s 24-hour range: $11,409-$11,839 BTC above its 10-day and 50-day moving averages, a bullish...
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Before the global Covid-19 pandemic, the local mining, construction and agricultural sectors were already grappling with various challenges. Weak global demand triggered a commodities slump, while low local economic growth, policy, land and regulatory uncertainty, and labour disruptions impacted domestic operations. The pandemic’s economic impact has magnified these challenges: it affected exports due to ports...
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Bit2Big

Bit2big offers global digital finance solutions based on blockchain, cryptocurrency investments and blockchain services.

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