The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.
ArkotNews
Bitcoin’s 'Store-of-Value' Narrative Is Real but Not a Price Mover
Longer-term narratives matter, argues Noelle Acheson, but they don’t set the price. That is set by short-term sentiment, which is both contagious and fickle.
AI-Focused Blockchain CryptoGPT Raises $10M Funding at $250M Valuation
CryptoGPT recently rolled out AI assistant "Alex" and is developing its ZK rollup layer 2 blockchain and a data-to-AI engine, which collects, encrypts and transfers data for commercial applications.
Binance Australia's Derivatives License Cancelled Following Request by Exchange
The exchange will close all of its customers' open derivatives positions by April 21.
AI Will 'Accelerate' the Metaverse, Empower Creators: The Sandbox Co-Founder
Sebastien Borget says artificial intelligence will bring a greater volume of original content to metaverse platforms.
First Mover Americas: Bitcoin Buckles the Day Before U.S. Jobs Report
The latest price moves in crypto markets in context for April 6, 2023.
Yearn's Staked Ether Token yETH Gets Mixed Results on Govenance Poll
The non-binding poll seeks to do a temperature check of sentiment toward launching yETH.
India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources
Around 100,000 users have participated in the country's central bank digital currency pilot since it kicked off in December.
Bitcoin Price Ticker Goes Live on China’s Douyin App
Beijing allowing bitcoin's price to be displayed on one of the country's largest social network platforms shows a growing acceptance of the asset class within the country.
Web3 Experiential Tokens and Asset Pricing
Web3 consumer engagement models are still in their infancy, but could have the potential to unlock incremental value and enable price discovery for creators and investors alike.