[Feb 9, 2023 4:30 PM] Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open…
[Feb 9, 2023 5:00 AM] Ultrasound Money data reveals that there has been a surge in activity in decentralized finance (DeFi) protocols, with Uniswap leading the line. In the past week, Uniswap-related activities led the ETH “burn” leaderboard on Ultrasound Money…
[Feb 7, 2023 12:30 PM] AVAX price has been in a strong rally since the start of 2023, but a sustained uptick in its DeFi components is needed in order to sustain the current bullish momentum.
[Feb 7, 2023 9:00 AM] As of Feb. 7, 2023, the value locked in 11 Ethereum-based liquid staking protocols has risen above $11 billion, with Lido, Coinbase, and Rocket Pool recording 4-10% gains over the past month. Lido holds more than 73% of the total value locked (TVL)…
[Feb 7, 2023 4:30 AM] DeFi protocols in Cardano, a proof-of-stake smart contracting platform, have locked over $100 million in user assets as of February 7. According to DeFiLlama statistics, Cardano DeFi protocols command a total value locked (TVL) of slightly over…
[Feb 7, 2023 3:06 AM] CoWSwap has been hacked for $150,000, according to a statement endorsed by the DeFi protocol. CoWSwap Hacked For $150,000 According to the team, hackers took advantage of a code flaw in CoWSwap’s settlement contract and made away with $150,000. The…
[Feb 6, 2023 8:20 AM] The latest report from Messari researcher, James Trautman, revealed that BNB Chain recorded an increase in on-chain activity contrary to bear market trends. According to the report, it saw steady growth in the fourth quarter of 2022, regardless of…
[Feb 6, 2023 3:32 AM] A16z, a venture capital that invests in crypto and web3 startups, has voted against Uniswap v3 being deployed on the BNB Smart Chain (BSC). A16z Rejects Launching Uniswap V3 On BSC BNB Smart Chain is a smart contracting platform developed by…
[Feb 5, 2023 10:06 AM] Polygon price is still moving upward and is comfortably above the $1.20 mark as it continues its ascent toward $2. According to data from CoinMarketCap, the leading Layer-2 blockchain has gained an impressive 67% since the start of the year as the…
[Feb 5, 2023 2:20 AM] As per technical data, the FTM market has turned overbought after rallying 230% in five weeks, with the coin’s momentum slowing down compared to the price boom.
[Feb 4, 2023 8:49 AM] To protect against crime in the metaverse, take precautions, such as using secure passwords, and report suspected criminal activities to law enforcement.
[Feb 3, 2023 2:30 PM] A recent report details that Russia’s largest financial institution, Sberbank, plans to launch a decentralized finance (defi) platform in May. Konstantin Klimenko, product director of Sberbank’s blockchain laboratory, said that open…
[Feb 2, 2023 12:30 PM] The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX…
[Feb 2, 2023 4:43 AM] Coinbase Wallet, a non-custodial multi-currency wallet, is adding a new security feature, “Transaction Preview,” to give its community “greater peace of mind during dApp transactions.” Transaction Preview Feature The new…
[Feb 1, 2023 4:30 AM] Andre Cronje, the co-founder of Fantom Foundation and the ex-creator of Yield Finance, a DeFi protocol, disagrees with people who say DeFi is dead and the period of high yields is gone. DeFi Is Not Dead In a Medium post on February 1, Andre agrees…
[Jan 30, 2023 6:30 PM] A new decentralized exchange (dex) on Arbitrum, called Vest Exchange, was announced this past weekend, and the team that created the project said the platform aims to focus on democratizing perpetual futures. The team behind Vest further detailed…
[Jan 27, 2023 11:30 AM] During the past 30 days, the layer one blockchain asset aptos (APT) has risen 391.8% against the U.S. dollar. In the past seven days, Aptos has increased 123.7% after reaching an all-time high of $19.92 per unit on Jan. 26, 2023. The Role of…
[Jan 27, 2023 8:30 AM] Aave V3 is now live on the Ethereum mainnet. With this upgrade, WBTC, WETH, wstETH, USDC, DAI, LINK, and AAVE are the only supported assets. Aave V3 Improves Capital Efficiency Stani Kulechov, the co-founder of Aave, said V3’s flexible…
[Jan 27, 2023 4:40 AM] Hayden Adams, the founder of Uniswap, thinks people rooting to have crypto shut down are “incredibly cringe.” Uniswap Founder: Let People Be In a tweet on January 26, Hayden emphasized that no one has forced anybody to use crypto, buy…
[Jan 25, 2023 6:30 PM] While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lido’s team is seeking community feedback…
[Jan 25, 2023 1:00 PM] In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a proposal to deploy $100 million of Circle’s USD Coin (USDC) in a Yearn Finance…
[Jan 25, 2023 7:30 AM] 1inch Network, a DEX aggregating platform, has allocated 10 million INCH tokens to its Delegation Incentive Program, a press release on January 24 shows. The goal is to incentivize more 1INCH stakers to delegate their Unicorn Power to resolvers…
[Jan 24, 2023 5:00 PM] While the DeFi market has continued to mirror the crypto market rally, more innovations have been introduced to the ecosystem. In today’s news, SushiSwap, the sixth-largest decentralized exchange (DEX) by 24 hours trading volume, has passed a…
[Jan 23, 2023 4:00 PM] There is a reason centralized exchanges have dominated despite being antithetical to crypto’s core tenets. The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis. The gross mismanagement and outright fraud in 2022 by many…
[Jan 19, 2023 5:39 PM] GMX, the perpetual trading decentralized exchange (DEX) allowing up to 50X leverage, now generates more trading fees than the BNB Smart Chain (BSC) and Bitcoin. GMX Is The Third Most Active Platform According to statistics, GMX’s 1-day fee on…
[Jan 19, 2023 3:30 PM] The decentralized exchange aggregation service 1inch Network has announced the launch of a cold storage hardware wallet. The team notes that the project is in its final stages of development. The hardware wallet, expected to go on sale later this…
[Jan 19, 2023 6:00 AM] 2022 was one of the roughest years in the crypto industry, which saw the collapse of Terra LUNA, Celsius, and FTX, consequently wiping out over $2 trillion from the crypto market. However, the dark horse in the face of these ugly events was the…
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