MonkeyBall, a decentralized play-to-earn gaming platform built on Solana, announced today that it had raised funds from several high-profile investors in a recently completed funding round. MonkeyBall Receives Fresh Capital In an official press release shared with CryptoPotato on Monday, MonkeyBall noted that it has managed to increase its list of backers, indicating that it...Read More
Leading South Korean blockchain company Hashed has announced that it has raised a $200 million investment fund. Hashed Venture Fund II Per a press release shared with CryptoPotato, the $200 million fund dubbed Hashed Venture Fund II will be geared toward the growth and development of Web3, the decentralized internet. The new fund, according to...Read More
The popular decentralized exchange 1inch Network has raised $175 million in a Series B funding round. Some of the notable names that participated in the event include VanEck, Alameda Research, Gemini Frontier Fund, and Tribe Capital. 1inch Secures $175 Million The press release seen by CryptoPotato reads that aside from the aforementioned names taking part...Read More
Bancor Protocol, a decentralized staking platform that allows investors to earn with single-token exposure and full protection from impermanent loss, has released snippets of its highly-anticipated third version. In an official press release shared with CryptoPotato, the project noted that the new version, dubbed “Bancor 3,” will introduce several new features geared toward increasing trading...Read More
Blockchain monitoring and workflow automation platform PARSIQ has recently completed the integration of the Polygon network into its ecosystem. PARSIQ Integrates Polygon According to a Monday press release shared with CryptoPotato, investors, traders, and development teams can now access several Polygon blockchain data in real-time via the PARSIQ platform, acquire immediate feedback, and explore various...Read More
The Federal Byzantine Agreement-based (FBA) network, Flare, recently partnered with Rival to become its preferred NFT, Utility, and DAO token platform for Rival’s NFT marketplace. Flare and Rival’s Partnership Rival is an enterprise solution that integrates gaming, esports, and now NFTs, into a company’s fan-engagement strategy. Some of these entities are the Seattle Seahawks from...Read More
Ardana, the DeFi and stablecoin hub built on the Cardano ecosystem, announced today that it has entered into a strategic partnership with the decentralized application (dApp) platform, NEAR. According to an official press release shared with CryptoPotato, the collaboration will see Ardana build a bridge infrastructure to facilitate the seamless transfer of assets between Cardano...Read More
Several gaming and technology leaders have gathered to form Game7 – an upcoming blockchain ecosystem acceleration decentralized autonomous organization (DAO) with a $500 million budget. The DAO seeks to intersect the $180 billion gaming industry with blockchain technology. Accelerating Blockchain Adoption in the Gaming Industry The initiative was announced in a press release seen by...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
Acala, an Ethereum-compatible DeFi protocol for scaling DApps, has secured the first slot on the much anticipated Polkadot’s parachain auctions. Acala, a decentralized Layer-1 smart contract platform, recently won the first slot on the parachain auction on Polkadot with a total of 32,515,989 DOT ($1,250,895,296) locked from over 81,000 community members. The funds will be...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
The second public sale for the Ardana native governance token DANA, which took place on OccamRazer on November 4, 2021, saw the firm raise $500,000 from several investors. For the second IDO, investors were required to contribute no more than $500 in ether (ETH) in order to partake in a share of $500,000 worth of...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
SushiSwap, the popular decentralized exchange that saw the light of day last year, will enter the non-fungible token and metaverse spaces. It will do so by releasing a platform aiming to combine the best from both worlds and the initial v0 campaign will go on for ten weeks. Shoyu Comes to Life The press release...Read More
Composable Finance has been declared the winner of the 12th parachain auction organized by Polkadot’s canary network, Kusama. “We at Composable, are elated to announce that our efforts to obtain a Kusama parachain for Picasso have been successful — thanks to the immense support from you, our Community,” the project said in a Medium post....Read More
Sfermion – an NFT investment firm – has raised $100 million through fundraising from several high-profile institutional investors and venture capitalist firms. The Winklevoss twins, Marc Andreessen, Alan Howard, Digital Currency Group (DCG) are some of the names of the participants. Accelerating the Emergence of the Metaverse As per a press release, Sfermion announced the...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
South Korea-based blockchain-focused investment firm Hashed has announced the launch of its new startup studio to support and research new use cases of blockchain technology in the rapidly growing NFT space. Exploring the Full Potential of Blockchain In a press release today, Hashed noted that the studio, named UNOPND, will foster various creative projects with...Read More
Raiinmaker, a blockchain-based fan engagement platform, has recently partnered with the multimedia firm Cosmic Wire to roll out six special non-fungible tokens (NFTs) to support several climate charities. According to a press release shared with CryptoPotato today, both firms will be launching the NFT collection based on the artwork of the mysterious legendary street artist...Read More
The Quantum-resistant blockchain platform – QAN – will launch its cloud deployment service, via which developers can reach platforms like Amazon AWS and Microsoft Azure. The new option will be available from the end of 2021. QANplatform Vows to Cut The Deployment Time Through a new cloud deployment feature on its network, users of the...Read More
Layer 2 scaling solution, Celer Network, has recorded an impressive milestone, as trading volume on its recently-launched cBridge has surpassed the $200 million mark, a week after reaching $100 million. Celer’s cBridge Volume Hits $217M According to data on the Celer’s analytics webpage, the cBridge currently has a total trade volume of more than $217...Read More
American professional basketball team Philadelphia 76ers has announced a partnership with the leading cryptocurrency exchange CryptoCom. The initiative will see the popular NBA club launch its non-fungible token (NFT) on the digital asset trading platform. Philadelphia 76ers Partners CryptoCom Announcing the partnership in a press release today, 76ers noted that fans interested in obtaining the...Read More
A contract address belonging to the DeFi lending platform Vee finance has been exploited with the perpetrator swiping 8,800 ETH and 214 BTC. The attacker has not moved the funds yet, as Vee’s team claiming they have initiated contact to resolve the incident. The protocol announced hours ago that it had halted all services as...Read More
The cross-chain DeFi protocol, pNetwork, has informed that it has become the latest victim of a security breach. By leveraging a codebase bug, the unknown perpetrator has stolen 277 bitcoins. As announced by the team behind the project, the hacker “was able to leverage a bug in our codebase and attack pBTC” on the Binance...Read More
The Hedera Governing Council recently announced that it had allocated 10.7 billion HBAR, Hedera Hashgraph’s native token, to fund the development and expansion of the ecosystem. The official announcement revealed that the amount worth approximately $4.5 billion at the current market price ($0.42) represents 20% of the token’s total supply. Interestingly, the value of the...Read More
