Curve ball rattles Bitcoin and leading cryptocurrencies

Published by
City AM

By Darren Parkin Bitcoin and Ethereum are both down around 2% this morning as the markets consider the fallout from a breach earlier in the week at Curve Finance – a DeFi company that uses smart contracts to offer financial services such as stablecoin borrowing, trading and lending. Other smart contract cryptocurrencies like SOL (Solana), MATIC (Polygon) and AVAX (Avalanche) are all in the red by more than 3% amid the uncertainty in the market. Concerns have been raised around Curve founder Michael Egorov’s sizable crypto loans against the company and the potential fallout if he were to be liq…

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