Following a solid week, Bitcoin continues to lead other cryptocurrencies on a bullish attack into the weekend. Bitcoin’s daily candle closed at $44,340 on Friday, after briefly touching $45,000 on Saturday. The price has been on a bullish trajectory since Monday last week, with only a slight correction last weekend after the price reached $42,000....Read More
Li Finance (LiFi) became the latest victim of cyber-attackers, with nearly $600,000 worth of cryptocurrencies stolen from 29 wallets. Shortly after, the team published a post explaining the issue and promised to reimburse all affected users. LiFi Falls Victim to a DeFi Hack The blockchain protocol explained that the attack occurred on March 20, 2022,...Read More
The Avalanche (AVAX) was the biggest gainer on Saturday, with a gain of nearly 17%. The AVAX token had a fantastic week, with a gain of nearly 25%. The fact that the coin managed to stay above the $80 barrier level is noteworthy. The coin has crossed the $80 level and is on the verge...Read More
Despite recent huge events in the crypto industry, Bitcoin is experiencing a period of exceptional price stability. In that time, there have been a few minor ups and downs, triggered by big global events such as Russia’s invasion of Ukraine, but no long-term trend has emerged. Advertisement The broader cryptocurrency market has mostly followed bitcoin’s...Read More
Not one, but two decentralized finance (DeFi) protocols – Agave and Hundred Finance – were exploited in a fresh case of a “re-entrancy” attack. The hacker reportedly managed to siphon funds worth $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI on both DeFi protocols on the Gnosis chain using a...Read More
Cardano network has seen notable traction in terms of total locked value (TVL) that has been on a steady rise since the beginning of the year. DeFi TVL on Cardano Skyrockets The latest stats from DeFi TVL aggregator Defi Llama suggests the total value locked (TVL) on Cardano’s decentralized finance (DeFi) protocols has broken a...Read More
Santiment, a popular on-chain data provider, tweeted that trader mood is improving for three of the top ten digital currencies: Bitcoin, BNB, and XRP. However, according to the research, trading sentiment for Polkadot (DOT) has deteriorated even worse. Advertisement XRP, BNB, BTC Price are Expected to Rise Sentiment that has been weighed as of late,...Read More
On March 8, Cega Finance announced that it had raised $4.3 million in a seed round led by Dragonfly Capital Partners. There was also participation from various DeFi and crypto VCs, including Pantera Capital, Coinbase Ventures, Alameda Research, and Solana Ventures. The platform, founded by former UBS derivatives trader Arisa Toyosaki, now has a valuation...Read More
Funding ongoing developments in Web3, gaming, and fintech creates a competitive edge for industry participants. Advertisement For example, cake DeFi, the well-respected one-stop shop for decentralized finance, set up a $100 million fund to support startups worldwide. It marks a crucial milestone for the industry and confirms the need to build products, services, and infrastructure. ...Read More
The world’s wealthiest Ethereum (ETH) whales are presently stocking enormous quantities of one stablecoin and two other altcoins, according to blockchain tracker WhaleStats. More USD Coins (USDC), Circle’s dollar-pegged stablecoin, are now held by the top 500 Ethereum addresses than any other asset. USDC is worth $1.64 billion to the whales, accounting for 13.38 percent...Read More
Kyber’s team stated that expensive gas fees and the network congestion on Ethereum left users, creating a need to solve it through Layer-2 scaling solutions such as Arbitrum. The main objective behind the multi-chain decentralized exchange (DEX) and aggregation platform – KyberSwap announcing its launch on the scaling solution – Arbitrum network – is to...Read More
As the war continued to rage, ruble-denominated Bitcoin values rose sharply. Authorities are now looking for ways to minimize use in dodging financial sanctions. And while the recent activity demonstrated that a collapsing ruble might be driving Russians into Bitcoin, FTX CEO – Sam Bankman-Fried – believes the sanctions have made it difficult for them...Read More
Charles Hoskinson, the founder of Cardano (ADA), has announced a series of planned enhancements for the ninth-largest crypto asset by market cap, which he claims will result in substantial speed gains. Advertisement Hoskinson claims in a new video that Cardano will be able to match the performance of Solana (SOL) and other smart contract-enabled blockchains...Read More
The global crypto market has changed course after a continue loss. The new gains have brought it a significant value as its market cap has reached $1.78T. Bitcoin and Ethereum sees minor growth with major altcoins show mixed signals. Advertisement Altcoins Traders Need to Watch Terra [LUNA] was the altcoin champion of the week, according to...Read More
Dappradar just released its February 2022 Dapp industry report and found steady activity across the blockchain and DeFi space in the face of bearish market conditions. Meanwhile, the NFT market appears to have entered a consolidation phase. A Quietly Growing Industry According to the report from DappRadar, interest from governments and financial institutions in web...Read More
AdaSwap – one of Cardano’s first decentralized finance (DeFi) protocols – recently raised $2.6M to build a new decentralized exchange (DEX) native to the developing blockchain. Funding was led by iAngels – a female-led Venture Capital firm – and included nine other leading VCs such as Shima Capital, Pluto Digital, and Coti. Even the producer,...Read More
Blockchain is one of the emerging technologies that is bringing more transparency to today’s industries. While the tech’s popularity is pegged to the burgeoning crypto market, it is noteworthy that blockchain can be used across various sectors. Advertisement This nascent technology has given rise to a new era of financial services dubbed Decentralized Finance (DeFi),...Read More
Animoca Brands – one of the leading blockchain gaming companies – is reportedly planning to cut ties with Russian customers as a response to the country’s invasion of Ukraine. Animoca Brands is undoubtedly one of the biggest players in the GameFi industry, participating in a majority of projects in the field. In a press release...Read More
Opera – a web browser supporting Web3 – announced integrating Starkware-powered DeversiFi in collaboration with a blockchain-backend company Gateway.fm. Thus, it has enabled its users to transact with Ethereum Layer 2 directly. The latest move is part of Opera’s plans to offer cost and time-efficient transactions within its mobile browser wallet as well as its...Read More
The global crypto market is currently gathering the numbers, for its flight to the stratosphere. Which has been clutched by a series of bearish events over the past quarter. While the previous day’s dip did hamper the sentiments of the business. A number of digital assets with their quick rate of a rebound have played...Read More
Trustology is Bitpanda’s first acquisition. The main objective behind the deal is to make decentralized finance (DeFi) more accessible to institutional investors, service providers as well as token issuers. Trustology is an institutional crypto custodian wallet provider registered with the Financial Conduct Authority (FCA). It secured the licensing in October last year. Following the latest...Read More
Jake Paul, Soulja Boy, and a slew of other A-listers such as Nick Carter, Ben Phillips, and Lil Yachty have been sued for their involvement in the cryptocurrency project SafeMoon. The lawsuit, which named SafeMoon LLC and its subsidiaries, alleged that the celebs lured in investors with misleading promotions. Celebrity Endorsements Critical to SafeMoon’s Success?...Read More
The crypto business over the weekend has sailed through turbulence, which has pushed the numbers of the business. To a notable degree, prior to making its way to a new week. As a result, the market cap of the business has taken a dip to $1.87 Trillion. Which, however, has risen a marginal 0.4% over...Read More
The cryptosphere has been holding on to its price metrics in quest of a massive alt season. That could drive the assets from its directory to the moon, which have been longing for the thrust. Successively, crypto folks have been analyzing investment options, the timeframe of an altseason, consideration of whales amongst others. In succession,...Read More
The crypto market rose on Wednesday as the chance of a truce in the conflict between Russia and Ukraine boosted investor confidence. The global cryptocurrency market is now valued $1.99 trillion, up 2.45 percent from Tuesday. In the last 24 hours, the overall crypto market volume climbed by 5.08 percent to $75.55 billion. Cardano (ADA),...Read More
DeFi protocols Bunny Finance and Qubit announced plans of “restructuring.” The joint statement revealed that the two projects, governed by the development team until recently, will now be managed by a decentralized autonomous organization (DAO). Restructuring, Not Disbanding According to the official blog post, the community will be granted all the relevant authority once the...Read More
By Indra Rustandi, Nabil Benbada, Yao Ma Arbitrage defined In traditional finance, an arbitrage is an opportunity to make a positive gain with virtually no risk involved by taking advantage of pricing discrepancies that are present in the markets. These pricing discrepancies are an indication that some inefficiencies are present in the markets. Arbitrageurs will...Read More
Financial services company Circle, the issuer of USDC, has enabled support for the dollar-backed stablecoin on the Flow network, making it the eighth integration for the second-largest stablecoin on a blockchain network. USDC Now on Flow Network Circle announced the news of the USDC support on Flow via a press release on Monday (January 31,...Read More
The Binance Smart Chain-based protocol Qubit Finance reported being hacked for $80 million worth of BNB. The attackers managed to create the illusion that they had deposited large amounts of xETH collateral. The blockchain security resource PeckShield reported last night that the DeFi project could have become a victim of a security breach. Later on,...Read More
The blockchain infrastructure firm – Blockdaemon – raised $207 million in a Series C funding round led by Tiger Capital and Sapphire. Following the investment, the company increased its post-money valuation at $3.25 billion. Blockdaemon’s Expansion The California-based organization finished 2021 on a positive net income trend and recently hired 150 full-time employees – mainly...Read More
