NFT lending protocol Bend DAO proposes emergency changes amid credit crisis

On Monday, developers of decentralized nonfungible tokens (NFTs) borrowing and lending protocol Bend DAO proposed new emergency measures in an attempt to stabilize the ecosystem. The same day, it was revealed that the project had just as little as 15 wrapped Ether (wETH) worth $23,715 to pay back lenders. Approximately 15,000 ETH was lent using…

Premium Income

What is Premium Income? Premium income can refer to the proceeds an investor derives from writing (selling) options contracts or the income an insurer derives from payments from policyholders. In both cases, premium income comes from the sale of risk protection to a buyer. Investors can sell options for premium income through several strategies that…

Tencent receives patent for blockchain-based missing persons poster

According to local news outlet 36kr.com, Chinese technology conglomerate Tencent recently received a novel patent for a blockchain-based missing person’s poster. The patent took nearly three years to be awarded from the date of its first submission in December 2019. The patent consists of a data generation request upon user submission that a person has…

Negative Arbitrage

What is negative arbitrage? Negative arbitrage is the lost opportunity when bond issuers take on the proceeds of debt offerings and then hold that money in escrow for a period of time (usually in cash or short-term cash investments) until that the money can be used to finance a project or to repay investors. Negative…

How Carlos Slim Built His Fortune

Imaginez si l’épicerie, le fournisseur de téléphonie mobile et la plus grande entreprise nationale de construction appartenaient tous à la même entreprise. Vous pouvez acheter à peu près n’importe quoi et ne jamais avoir à enrichir des concurrents. C’est essentiellement la situation au Mexique, où réside l’une des personnes les plus riches du monde, Carlos…

Data shows Bitcoin and altcoins at risk of a 20% drop to new yearly lows

After the rising wedge formation was broken on Aug. 17, the total crypto market capitalization quickly dropped to $1 trillion and the bulls’ dream of recouping the $1.2 trillion support, last seen on June 10, became even more distant. Total crypto market cap, USD billion. Source: TradingView The worsening conditions are not exclusive to crypto…