Cover

The cryptocurrency market has always been a rollercoaster of emotions, with assets swinging between bullish optimism and bearish despair. Ethereum (ETH), one of the largest and most influential cryptocurrencies, is no stranger to this volatility. As the market takes a cautious turn, ETH whales are looking for safe havens to protect their investments, and Mpeppe (MPEPE) has emerged as an intriguing option. Roller coaster: Ethereum (ETH) Under Pressure Ethereum (ETH) has recently faced significant selling pressure, leading to a downturn…

The post Grayscale Offloads Ethereum to Cover Fees: What’s Behind the Move? appeared first on Coinpedia Fintech News Grayscale, the heavyweight in cryptocurrency investments, just made a bold move: they’ve sold off $21.75 million worth of Ethereum (ETH) to Flow Traders. But this isn’t just any transaction—it’s a strategic manoeuvre to cover management fees. This peek into Grayscale’s financial playbook unveils their savvy moves and sets the stage for some intriguing insights into their Ethereum Trust Fund.  Here’s What it…

The post Crypto Market Cap Recovers as Geopolitical Conflict Cools Down, XRP Investors Take Cover in Emerging Platform Algotech appeared first on Coinpedia Fintech News As global tensions begin to ease, the cryptocurrency market is witnessing a decent recovery, drawing investors back into the fray. Amid this resurgence, Ripple’s XRP, though currently facing a notable decline, shows signs of recovery in the altcoin sector. Meanwhile, the deFi trading platform Algotech is gaining traction with its advanced features and promising ALGT…

Leading cryptocurrency exchange, Binance has announced a compensation plan for the COVER hack victims on its platform. This is a remarkable gesture from the exchange towards its customers that lost their tokens in the hack. $10 million to be distributed from Binance SAFU Fund Binance revealed more about the compensation plan in an extensive blog post on its website. According to the exchange, the decision to compensate affected customers was taken after a COVER team meeting. The embattled Defi platform informed…

Less than 24 hours after news broke, that decentralized finance (DeFi) platform Yearn Finance (YFI) had partnered with Cream Finance protocol. It has announced a new merger with DeFi protocol Cover. In a blog post published on Nov 28. Yearn founder Andre Cronje revealed the merger between the two DeFi protocols. He further stated that the merger was a natural one since Yearn developers worked with Cover protocol developers since its inception. Cover will provide backstop coverage for Yearn DeFi…