The decentralized blockchain infrastructure provider Ankr has announced the launch of Enterprise RPC services on Microsoft’s Azure Marketplace to offer a readily accessible gateway to blockchain infrastructure for the cloud computing platform’s customers. Ankr and Microsoft Integration According to the official press release shared with CryptoPotato, the RPC service will offer global, low-latency blockchain connections...Read More
Sweat Economy – a fitness-focused decentralized application – announced the launch of a new governance vote on June 7th in the Sweat Wallet application. The move would enable the community to decide the fate of 2 billion idle SWEAT tokens in inactive user accounts. According to the official press release shared with CryptoPotato, users will...Read More
According to DappRadar’s monthly industry report, the decentralized application industry grew by 9.97% in May. It has reached an average of 1,967,051 daily unique active wallets (dUAW), the paper added. The research attributed the growth to the gaming sector and decentralized finance (DeFi), however, the latter has seen a decline in total value locked. These...Read More
A new report by blockchain security company Beosin revealed that the total amount of crypto assets lost to exit scams and rug pulls was higher than the amount stolen from decentralized finance (DeFi) projects through exploits and attacks last month. Beosin also discovered that losses from the exploits in May were down 79% compared to...Read More
IOVLabs – a company that develops decentralized blockchain technologies – launched a $2.5 million “strategic grants program” to accelerate the adoption of Rootstock. The latter is a sidechain tied with Bitcoin and designated to enable smart contracts for the ecosystem. ‘Strong Commitment’ to Advance BTC According to a document seen by CryptoPotato, the Argentina-based blockchain...Read More
Blockchain scaling startup – Dymension – announced the launch of the world’s first IBC-enabled EVM rollup on testnet in collaboration with Evmos Core Teams and Celestia. The latest offering is part of Dymension’s roadmap to establish and bootstrap a new ecosystem of IBC-enabled rollups. The collaboration, on the other hand, will bring “superior” EVM blockchain...Read More
TinyTap – a technological startup that empowers users to create different educational game-based activities – secured an $8.5 million fundraiser. The company, which is a subsidiary of the blockchain gaming platform Animoca Brands, will use the funds to accelerate its product development and hire more staff. Several giants in the finance field led the multi-million...Read More
On April 6, Charli3 was launched on Cardano as its first oracle integrator. The platform’s oracles have been integrated by Liqwid, a leading DeFi project on Cardano. Charli3 provides a decentralized node network with the framework for projects to supply secure, accurate, and safe data to their platforms and users. It could be viewed as...Read More
Alibaba Cloud – the arm of Chinese tech conglomerate Alibaba Group – is doubling down its efforts to accelerate the growth of a more inclusive and secure modern internet powered by blockchain technology. To that extent, the cloud giant announced a partnership with a layer one blockchain protocol – Elastos – to build and deploy...Read More
Trust Wallet – a decentralized, non-custodial crypto wallet provider – collaborated with the payment systems – Ramp and MoonPay – to allow customers to convert their digital asset holdings into fiat directly within the application. Users who own over 100 TWT will get a special discount when withdrawing funds. The New Fiat Off-Ramp Feature According...Read More
A group of cryptocurrency veterans acquired the comic-focused, blue-chip NFT collection – 0N1 Force. 0N1 Force is among the first anime-themed NFT collections and comprises 7,777 side-profile characters and more than 100 hand-drawn features. According to a press release seen by CryptoPotato, a collective of cryptocurrency industry veterans led by blockchain investment firm Old Fashioned...Read More
Sony Network Communications (a tech provider under the umbrella of the Sony Group) partnered with Polkadot’s innovation hub – Astar Network – to present a Web3 Incubation Program. Users willing to join can apply until March 6, 2023. Focusing on NFTs and DAOs According to a document seen by CryptoPotato, the program will run from...Read More
Jacob Blish, the head of business development at Lido DAO, the decentralized autonomous organization behind the largest liquid staking protocol, believes the recent SEC crackdown on crypto staking services could cause new challenges for decentralized finance (DeFi). According to a Bloomberg report, Blish opined that the state of crypto staking in the U.S. depends on...Read More
Polkadot-based decentralized gaming platform Ajuna Network has raised $7 million from industry investors through private and seed funding rounds. The platform intends to use the fresh capital to develop its network and suite of tools, integrating better game engines and off-chain game operators. Ajuna’s goal is to enhance gamers’ experience through blockchain and non-fungible tokens...Read More
Blockchain scaling platform Dymension announced the completion of a $6.7 million fundraiser in a private round led by several investment firms and angel investors. According to a press release seen by CryptoPotato, American crypto-focused VC Big Brain Holdings and multi-strategy VC Stratos led the private investment round, with participation from Shalom Meckenzie of DraftKings, on-chain...Read More
Shared liquidity protocol dPRIME Asset Modules Finance (DAM Finance) has launched its mainnet, enabling users to “teleport” their liquidity across several blockchain networks. According to a press release, the decentralized, multichain liquidity infrastructure layer is currently live on Ethereum and Moonbeam. DAM Finance Unveils Multichain Liquidity Layer DAM’s global shared infrastructure offering would allow users...Read More
StarkWare – an Israeli company focused on Ethereum scaling – joined forces with the Web3 services platform – Chainlink – to expand development on StarkNet. The collaboration will also build an economic network between the two entities. ‘Enabling a Next-Generation Web3 Applications’ According to a document seen by CryptoPotato, StarkWare will officially join the Chainlink...Read More
Crypto venture firm a16z has used its 15 million UNI token voting block to vote against a proposal that would use the Wormhole bridge for Uniswap V3 deployment on BNB Chain. According to the ongoing results of the proposal vote, a16z’s overwhelming token stash enabled it to control around half of the votes so far,...Read More
The Web3-oriented Venom Ventures Fund (VVF) invested $5 million in Everscale to aid its expansion efforts. The fund saw the light of day earlier last month after collaborating with the Abu Dhabi-based Iceberg Capital Limited and Venom Foundation. The ‘Strategic Investment’ According to a document seen by CryptoPotato, VVF’s financing aims to support the Web3...Read More
Open source and decentralized protocol ssv.network DAO has launched a $50 million Ecosystem Fund dedicated to supporting the development of Distributed Validator Technology (“DVT”) based applications. According to a press release shared with CryptoPotato, the project secured the funds from various industry investors, including DCG, OKX, HashKey, NGC, Everstake, HackVC, GSR, Chorus.One SevenX, and 1kx....Read More
Crypto’s newest narrative is liquid staking, as platforms and tokens have been taking off recently. Ethereum will go through the Shanghai upgrade in March, which releases ETH staked on the Beacon Chain. Industry analysts believe this will be good news for liquid staking protocols as they offer better incentives and yields. As opposed to direct...Read More
Astar Network – a smart contract innovation hub that connects the Polkadot ecosystem to all Layer 1 blockchains – launched its Cross-Virtual Machine (XVM) on the public testnet Shibuya. It enables projects building on Astar to interact with other smart contract ecosystems, including the WebAssembly (WASM) and Ethereum Virtual Machine (EVM). Enter the XVM According...Read More
Leading decentralized lending protocol MakerDAO has lost its dominance in the DeFi market as liquid staking protocol Lido Finance claimed the top spot with the highest total value locked (TVL). According to data from the DeFi market aggregator, DeFiLlama, Lido Finance currently has $5.9 billion in TVL, with MakerDAO and AAVE taking second and third...Read More
Cryptocurrency firms struggled greatly in 2022, with multiple companies facing financial issues and bankruptcy. In addition to these challenges, over $3 billion was stolen from crypto projects this year, according to Forbes. These setbacks have caused turmoil in the industry and raised concerns about its stability. According to the report, crypto projects witnessed more than...Read More
The popular DEX aggregator announced the launch of Fusion, which focuses on the 1inch Swap Engine and aims to enhance user experience with DeFi swaps. The team behind the project promised to deliver “almost limitless” liquidity and maximum user protection. The press release shared with CryptoPotato informed that 1inch Swap Engine “facilitates Fusion, which empowers...Read More
Decentralized exchange aggregator – 1inch – announced the launch of a tool called “Rabbithole.” According to the press release shared with CryptoPotato, the new feature is designed to protect MetaMask traders swapping on the 1inch platform against “sandwich attacks” – a type of front-running attack usually applied over transactions sent to a DEX to buy...Read More
The collapse of crypto exchange FTX appears to have sparked surging sales for self-custodial crypto wallets which give users direct ownership of their coins. SafePal, a Binance-backed crypto wallet brand, has experienced a 10x surge in traffic to its platform since November 11th, and its hardware wallet has made record sales within that time. SafePal...Read More
Reports are emerging this morning of an attack on the TempleDAO yield farming protocol. The alert came in from blockchain security firm PeckShield on Oct. 11, stating that the attacker had transferred 1,831 ETH worth around $2.34 million from the protocol. Details are thin on the ground at the moment, but the exploit appears to...Read More
Binance has announced a pause across the entire Binance Smart Chain (BSC or BNB Chain) following what appears to be one of the largest exploits in DeFi history. An attacker has reportedly hacked another BNB chain user for 2 million BNB, worth $600 million. Another DeFi Catastrophe According to BNB Chain on Twitter, the “temporary”...Read More
Sovryn – a Bitcoin-based decentralized finance protocol – was drained of over $1 million in funds on Tuesday using a price manipulation exploit. The attack allowed the culprit to drain over $1 million worth of crypto from the protocol, including 44.93 RBTC and 211,045 USDT. Sovryn’s First Hack According to Sovryn’s blog post on the...Read More
