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Legal ruling. Silhouette of a judge's gavel. Cryptocurrencies and legality (Aitor Diago/Getty Images)

Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge

The class-action lawsuit alleged Maker-related entities misrepresented risks of holding collateral debt positions, resulting in heavy losses for some users.

By Krisztian Sandor

Feb 24, 2023 at 11:00 p.m. UTC

Feb 24, 2023

Court CasesMaker Ecosystem Growth FoundationMakerDAOMakerRegulationLawsuitDAI

DeFi Giant MakerDAO to Introduce Aave Rival Dubbed Spark Protocol

The protocol is a fork of Aave v3 and will increase the use case for the DAI stablecoin.

By Oliver Knight

Feb 9, 2023 at 11:33 a.m. UTC

Feb 9, 2023

MakerMakerDAODeFiAave

CDCROP: Lightbulb 3D figure plug outlet power (ColiN00B/Pixabay)

Cryptocurrencies XRP, MKR Shine as BTC, ETH Hold Steady Ahead of US Inflation Data

XRP climbed above its 200-day moving average while MKR hit a three-week high. A higher-than-expected figure for core PCE, the Fed's preferred measure of inflation, may inject volatility into markets.

By Omkar Godbole

Sep 30, 2022 at 11:25 a.m. UTC

Sep 30, 2022

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CDCROP: Dollar Bills $1 (Horst Schwalm/Pixabay)

Crypto Lender Maker Turns to Staked Ether to Reduce USDC Influence

The development is part of a move away from centralized crypto products such as stablecoins.

By Shaurya Malwa

Sep 13, 2022 at 2:09 p.m. UTC

Sep 13, 2022

DeFiLendingMakerDAIStablecoins

Celsius CEO Alex Mashinsky (CoinDesk archives)

Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize

The troubled crypto lender Celsius started to make good on the $258 million debt on the decentralized lending protocols Aave and Compound – possibly in an attempt to reclaim collateral it had posted as guarantees. The transactions come just a day after Celsius used a debt-paydown to reclaim collateral on Maker.

By Krisztian Sandor

Jul 8, 2022 at 8:10 p.m. UTC

Jul 8, 2022

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Markets

Celsius

Celsius Network Pays Off Maker Loan, Freeing Up $440M of Collateral

The troubled crypto lender paid down the remaining $41 million of its debt on the DeFi platform.

By Krisztian Sandor

Jul 7, 2022 at 1:30 p.m. UTC

Jul 7, 2022

CelsiusMakerCrypto LendingMarketsDeFi

Markets

Celsius

Celsius Repays $183M on DeFi Protocol Maker, Gets Back Collateral, Blockchain Data Shows

The troubled crypto lender paid down $183 million of its debt to the decentralized lending protocol Maker, blockchain data shows, possibly in a bid to recover bitcoin-linked collateral that otherwise would remain trapped.

By Krisztian Sandor

Jul 5, 2022 at 10:56 p.m. UTC

Jul 5, 2022

CelsiusMakerCrypto LendingMarketsDeFi