DappRadar – a popular dApp discovery and analysis platform – recently confirmed plans for a platform-native token called RADAR. It is intended to help DappRadar decentralize its future operations. RADAR Token The company revealed the RADAR token at an event in the crypto VR game Somnium Space earlier this week. According to a statement seen...Read More
The November month has been on the skids for Crypto space with no significant gains. Though market leaders Bitcoin and Ethereum failed to reach the market’s port of call, top-tier altcoins seek hard to uplift the broader market cap. Notably, Solana, Polkadot, Harmony, FTX Token, and Ripple exhibits the virtue of breakout this week. Advertisement...Read More
Emerald, the Ethereum Virtual Machine (EVM) compatible ParaTime developed by the privacy-focused blockchain protocol Oasis, has officially seen the light of day on Mainnet. Oasis aims to attract more projects from the DeFi, NFT, and gaming dApps industries onto its network with the move. The press release seen by CryptoPotato informed of the launch, explaining...Read More
The debate over the feasibility of using Ethereum as the Swiss Army of the crypto-verse is heating up again now that DeFi, gaming, and NFT are enjoying a recent surge in popularity. But the outlook is not very positive considering the current state of affairs. The impact of xcessive fees, long confirmation times, and slow...Read More
According to data provided by the blockchain analysis company – Elliptic – investors have lost $12 billion to criminals targeting decentralized finance platforms since the beginning of 2021. More than $10 billion of that amount accounts for cases of fraud and theft on DeFi products. Seven Times More Than in 2020 Over the recent years,...Read More
cBridge – the multi-chain network that’s designed to enable value transfers into Ethereum and its layer-two scaling solutions, has surpassed $1 billion in terms of total cross-chain transaction volume and assets bridged. According to a press release shared with CryptoPotato, Celer Network’s cBridge has achieved a considerable milestone, surpassing $1 billion in total cross-chain and transaction volume...Read More
DoraHacks is a global hackathon organizer, as well as one of the more active Web3 developer communities in the world. According to a press release shared with CryptoPotato, DoraHacks managed to secure $8 million in funding from Binance Labs – the venture capital arm of the world’s leading exchange – Binance. DoraHacks represents one of the most...Read More
The popular blockchain project Elrond has announced a massive liquidity incentive program for its Maiar DEX DeFi platform worth more than $1 billion. It will be denominated in the native token – MEX – and the distribution will begin from the first month. $1.29B Liquidity Incentive Program From Elrond The press release shared with CryptoPotato...Read More
Maple Finance – an institutional capital marketplace for digital assets – has partnered with fintech investment firm Alameda Research to launch Defi’s first syndicated loan. Alameda will use Maple Finance’s new development to provide loans to accredited non-US institutions through a single-borrower DeFi lending pool. Decentralized Syndicated Loans Alameda is to operate as the sole...Read More
The belief that all liquidity providers (LPs) make lucrative gains for depositing funds across various decentralized protocols like Uniswap and Compound, among others, has been refuted by a new study conducted by Topaze Blue and decentralized liquidity platform Bancor. Liquidity Providers Make Losses According to the survey shared with CryptoPotato, nearly half of the users...Read More
DeFi trading platform Injective Protocol is launching its mainnet after rolling out a $120 million incentive program for traders, market makers, and DeFi projects, the protocol announced this Tuesday. First DeFi Cross-Chain Derivatives Markets As per the press release, Injective Protocol is set to launch the world’s first DeFi derivatives markets using the IBC Oracle,...Read More
Highlights Advertisement Shiba Inu hints at leveling up towards another bull run to endeavor previous highs. The analyst expects SHIB price to lead another leg-up reclaiming its lost glory. The global crypto industry has been vivid to digital currencies, while some have risen in a logarithmic trend. Other coins have been gearing up towards lost...Read More
Highlights: Advertisement The crypto space has seen unusual developments over the decade, the next big thing in the space would be Web 3. Web 3 related projects Helium, Flux, API 3, The Near protocol, Handshake, and the Graph prices eyes for maximum gains. The year 2020 has seen rapid advancements across DeFi space, where ERC-20...Read More
SEC Commissioner Caroline Crenshaw has published a “Statement on DeFi Risks, Regulations, and Opportunities” on November 9, advising decentralized finance platforms to contact them. In it, she acknowledged that crypto is now part of the vernacular, whether on news, social media, entertainment, and in investment portfolios. In an effort to clarify the regulatory status of...Read More
ING – the Dutch multinational banking corporation – has begun collaborating with the Netherlands’ financial authority on utilizing decentralized finance. The Bank’s Defi Project Annerie Vreugdenhil – ING’s Chief Innovation Officer – said as much at the Singapore Fintech Festival earlier today. Speaking in a panel discussion, the CIO complimented Singapore’s welcoming regulatory environment. As...Read More
Digital assets firm Genesis recently published its Q3 Market Observations Report, and it highlights some of the major trends across the market. This time, it shows the demand for bitcoin had faded during Q3 as institutions were exploring DeFi platforms and altcoins. BTC Demand Trends Downward Due to Institutionalization As per the report, BTC demand...Read More
The Financial Action Task Force (FATF) has released guidance on virtual assets and virtual asset service providers (VASP). But the inclusion of decentralized finance (DeFi) and non-fungible tokens (NFT) have sparked a fresh debate. Just a week after the FATF had announced finalizing its crypto guidance, the global anti-money laundering watchdog released an updated version...Read More
Decentralized lending protocol Cream Finance has suffered a flash loan attack, losing over $130 million worth of various crypto assets. This was the third successful hack against the popular DeFi project in the past year. Cream Finance has confirmed it suffered an exploit this Wednesday through a flash loan attack, compromising mostly Cream LP tokens...Read More
Minima, a scalable and decentralized blockchain network for value and information transfer, has recently bagged $6.5 million from notable investors in a Series A funding round. Accelerating Mainnet Launch According to a press release shared with CryptoPotato, the funds acquired from the just-concluded funding round will be used to facilitate the launch of Minima’s Mainnet...Read More
IOTA – an open-source cryptocurrency and distributed ledger – recently launched its smart contract beta. Network users can now take advantage of the high-speed yet zero-fee transactions functionality that comes with the IOTA network. Smart Contracts on IOTA As reported on Thursday, the beta includes an Ethereum Virtual Machine (EVM), making ERC-20 tokens interoperable with...Read More
What is the best thing the cryptocurrency ecosystem could do to ensure its global success? Boost the dominance of stablecoins. Anyone who disagrees is free to debate with Emin Gün Sirer, CEO of Ava Labs, the company behind the succesful Avalanche protocol, who explained to Business Insider that stability must reign in the world of...Read More
Advertisement Highlights The day seems to be rough for altcoins such as Cardano, Dogecoin, and Stellar. Coins like Fantom, Cosmos, and Litecoin had a cheerful day. Trends on the market charts have been rhythmic, while some coins flourish with their prices topping the daily charts. Some suffer, with prices dipping closer to their support levels....Read More
Highlights De-Fi tokens are experiencing a downfall, buyers look out for entry points. Analyst’s hopeful that DE-Fi tokens will recorrect with Bitcoin’s trend. Several De-Fi tokens are painting the chart’s red. The tokens are experiencing a downfall lately. While sections concern the fall of the tokens. Traders look out for an entry to the De-Fi...Read More
SEBA Bank, a fully regulated Switzerland-based financial institution that offers several crypto services to its clients, announced that customers will now be able to earn yield on their digital asset holdings. SEBA Launches Yield Earning According to an official press release, SEBA Bank has launched a new institutional-grade solution dubbed SEBA Earn, which will allow...Read More
Celsius Network– a leading cryptocurrency lending platform – recently received a $400M investment from equity firm WestCap and investment group Caisse de dépôt et placement du Québec (CDPQ). With this, Celsius is now valued at over $3 billion USD. New Funds For Celsius As stated in a press release, the company’s new proceeds will go...Read More
The future of cryptocurrency lies in the expansion of DeFi applications. There is a phenomenal shift undergoing in the crypto space empowering Decentralised finance. It’s revolutionizing the way of facilitating transparency, permission, risks, and control. Hence, the top cryptocurrencies Ethereum, Solana, and Cardano battling it out to dominate the space. Let’s dive and discover who...Read More
MetaMask – the rapidly growing and highly popular Ethereum software wallet – plans to bring DeFi to large crypto-related institutions. They have partnered with three crypto custodians to respond to different organizational needs. Namely, those are BitGo, Qredo, and Cactus. MetaMask Brings Defi to Major Crypto Companies ConsenSys – the Ethereum software company that created...Read More
As part of its ecosystem expansion, a leading DeFi and CeFi aggregator OpenOcean announced the integration of Fantom, an open-source smart contract platform for decentralized applications (dApps), to offer users better trading opportunities. OpenOcean Integrates Fantom Per the announcement, the initiative will also see OpenOcean connect with other Fantom-based decentralized exchanges, including SushiSwap, SpiritSwap, SpookySwap,...Read More
Roughly a month after getting exploited for the second time this year, Cream Finance has reported that it has recovered more than $16 million of the funds. CryptoPotato reported on August 31st this year when the decentralized finance protocol Cream Finance suffered another security breach – this time, roughly $25 million in ETH and AMP...Read More
Central, Northern, and Western Europe (CNWE) has grown into the world’s largest cryptocurrency economy since July 2020. The region experienced a massive increase in trading activity since then– particularly in the DeFi space. The European DeFi Boom Data from Chainalysis shows that CNWE received over $1 trillion in cryptocurrency over the last year alone. This...Read More
