πŸš€ Defi Platform sees Biggest Rekt today since its v2 Launch

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    πŸš€ Defi Platform sees Biggest Rekt today since its v2 Launch



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    🐘 Kraken Announces Plans to Expand Indian Operations As Crypto Ban Lifts

    In response to the recent news on the opening of the Indian crypto market, Kraken announced it will expand its operation there.

    Kraken is already operating in India but had difficulty due to the now-lifted ban by the Reserve Bank of India (RBI).

    βœ’οΈ Compound sees biggest day of liquidations since v2 protocol launch

    Defi Compound lending protocol saw over $2.5 million worth of collateral liquidated recently; the highest since May last year.

    This is very likely due to ether (ETH) fell approximately 25% over the weekends and caused many loans under-collateralized on its platform, which triggered their liquidation.

    The price drop has affected other DeFi protocols including MakerDAO (MKR) and dYdX. 

    πŸ’³ Bittrex Global Integrates Credit Card Support

    Bittrex Global has launched new features on its platform, including a referral program, mobile app upgrade, and credit card support.

    Bittrex Global users will be able to share trading fees through the referral program.

    While it's mobile app users will be able to place conditional trade offers such as stop-limit orders and 

    As for credit card support, it will only be available for its users in the U.K., Germany, France and the Netherlands. 

    Term of the Day - Securities and Exchange Commission (SEC)

    Love them or hate them, they are just doing their job. Initially created to regulate traditional securities and exchanges (hence, the name), the SEC now has jurisdiction over cryptocurrency tokens and coins deemed as securities by the US Law.

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