Mark Cuban lost Millions in DeFi this week

What we all can learn from that [Bitcoin.com Exchange]( Dear Traders, On Thursday, news broke of the most recent DeFi incident that happened on Iron Finance. The algorithmic stablecoin protocol was famously advertised by Mark Cuban, who invested in its utility token $TITAN. After what Iron Finance claimed was a bank run, the price of $TITAN dropped more than 98% from $64 to just $0.64 in less than a day. While Mark Cuban won’t be affected too badly by the dramatic price drop, most other investors aren’t so lucky. New DeFi projects pop up daily with many garnering celebrity endorsements, a new asset might seem like a good investment. Before investing in any new asset, please don’t forget to: - DYOR: Do your own research, find sources outside of the project’s website, check if they had a security audit, and ask your fellow traders what they think. - Invest only what you can afford to lose. It might be painful to see your investment drop 98%, but it’s easier to manage such a hit when you don’t depend on that money. - Enjoy being part of such an exciting space. This week, we’ve listed several new cryptocurrencies on [Bitcoin.com Exchange]( and hosted [an AMA]( with the team behind the DEX aggregator for Cardano: deFIRE. Listings [BOR & SPI Listing]( BOR the native token of the BoringDao, went live this week with [USDT]( and [BTC]( trading pairs. BoringDAO enables traders to swap non-ERC-20 assets to ERC-20 assets in a trustless, decentralized manner. [SPI]( is powering the Shopping.io platform on which traders can buy from retailers like Amazon, eBay, and Walmart and pay with crypto. [XDC Listing ]( A lack of crucial infrastructure is a major hurdle that many countries face worldwide, and a lack of financing keeps many great projects from taking off. XinFin is providing a platform that enables financing of infrastructure projects and enables businesses to embrace blockchain. The native XDC token is now trading against [ETH]( [USDT]( and [BTC](. [ZEN & VEO Listing]( Amoveo is a scalable Proof-of-Work blockchain focusing on prediction markets, investments, insurance contracts, and other derivatives. The native utility token [VEO is now live]( on the trading platform. ZEN is the native currency of Horizen, a blockchain featuring a unique sidechain architecture that allows near-limitless scalability. When using ZEN traders, they can decide how private they want a transaction to be, which is just one of the exciting features—Trade ZEN against [ETH]( [BTC]( and [USDT]( on our exchange. AMAs [Jigstack AMA]( Next week on Tuesday, June 22nd at 17:00 UTC, we will be welcoming the CBDO of Jigstack to [our telegram channel]( for our next AMA session. Get your questions ready to learn more about the DeFi platform looking to unify DeFi services and products and secure your chance to win some $STAK. [DeFIRE AMA]( On Thursday at 17:00 UTC, the DeFIRE team answered questions posed by our community. We discussed the future of the Cardano ecosystem, why traders should look into using DEX aggregators, and how they think DeFi will develop. Find a summary of what we discussed in [our blog](. New Podcast Episode [Podcast with Student Coin CEO ]( This week on the podcast we sat down with the CEO of StudentCoin to learn more about the blockchain platform making tokenization and blockchain education more accessible. [Listen in to learn more]( StudentCoin’s future plans and thoughts on the crypto industry. Thanks for being a part of The [Bitcoin.com Exchange](. Sincerely, Your Bitcoin.com Exchange team [Bitcoin.com Exchange]( [Facebook]( [Twitter]( [LinkedIn]( [Unsubscribe]( - [Unsubscribe Preferences](