DeFi exploits continue as SushiSwap’s CTO Joseph Delong informed that the protocol’s token platform MISO became the victim of a supply chain attack. Early estimations show that the attacker duped more than $3 million in ETH. Delong took it to Twitter earlier on September 17th to indicate that the MISO front end “has become the...Read More
SolRazr, a Solana-based venture platform offering a decentralized developer ecosystem, announced today that it is rolling out its launchpad next month for blockchain projects. SolRazr’s Launchpad Set to go Live As per the official announcement, the launchpad, which is scheduled to go live on October 4, 2021, will be used as a fundraising platform for...Read More
Immutable X, an Ethereum-based layer 2 scaling solution for non-fungible tokens (NFTs), said it recently raised $60 million in a Series B round of funding, which was co-led by BITKRAFT Ventures and King River Capital. According to a press release shared with CryptoPotato today, Immutable also received investments from a host of crypto-related and venture...Read More
WSBDApp, the blockchain-based trading platform related to the WallStreetBets movement, has partnered with Balancer to launch exchange-traded portfolios (ETPs) on the latter’s V2 platform. These products will aim to enhance decentralization for retail investors seeking alternative investment opportunities. WSBDApp Partners With Balancer The statement shared with CryptoPotato reads that Balancer – the automated portfolio manager...Read More
Moonbeam – a Polkadot parachain smart contract platform with Ethereum compatibility, has partnered with Lido, a liquid staking derivatives protocol currently live on the Ethereum and Terra blockchains, to bring liquid staking to the Polkadot DeFi ecosystem. The press release shared with CryptoPotato informed that the integration would enable Lido to provide liquid staking to...Read More
Opening up to the growing artistic marketplace, FTX recently announced the ability to mint custom NFTs directly on their exchange. However, they were quickly forced to place a pricey paywall behind the feature in response to a wave of spam images. NFTs on FTX Exchange The new feature was announced by FTX CEO Sam Bankman...Read More
Cyclos, a concentrated liquidity market maker, built on Solana, has announced that it has raised $2.1 million in a private and public funding round, which saw the participation of notable investors in the industry. Per a press release shared today with CryptoPotato, the investors involved in the just-concluded funding round include Huobi Ventures, CMS Holdings,...Read More
Following the announcement by core contributor “DeFi Ted,” COVER price plummeted 16% as trading volumes soared. Cover Protocol, a DeFi insurance cryptocurrency minted on Ethereum, will no longer receive support and development after engineers in the core team left suddenly. The insurance coin’s core contributor, “DeFi Ted” announced the project would be shutting down early...Read More
Decentralized fundraising cross-chain platform Poolz has launched a $2 million crypto fund that will enable it to invest in promising non-fungible tokens (NFTs) and blockchain-based gaming projects. Poolz to Invest in NFTs and Metaverse Projects The fund will be used to support developers who are into NFTs and metaverse gaming and to eliminate any financial...Read More
Popular cryptocurrency exchange OKEx has announced the launch of a new service called Decentralized Finance (DeFi) Hub. OKEx Launches DeFi Hub The newly launched service will focus on two of the hottest niches in the cryptocurrency space – DeFi and non-fungible tokens (NFTs), OKEx said in a press release shared with CryptoPotato today. Commenting on...Read More
Blockchain interoperability solution, Wanchain, has partnered with Moonbeam to deploy its non-custodial cross-chain infrastructure on Moonriver as part of its efforts to strengthen the decentralized finance (DeFi) ecosystem of Polkadot’s Canary network, Kusama. According to an official press release, both Wanchain and Moonbeam are poised to develop a multi-chain structure for the blockchain sector with...Read More
A slew of leading Ethereum based DeFi protocols– including Aave, Sushi, Curve, and PoolTogether– recently announced a $100M DeFi adoption initiative with Celo, a mobile platform for financial dApps. Adoption Initiative: “DeFi for the People” Announced today, the recent “DeFi for the People” initiative’s numerous founders include Aave, Curve, Sushi, PoolTogether, 0x, UMA, Valora, Ubeswap,...Read More
Leading DeFi and CeFi aggregator OpenOcean has continued to expand its ecosystem and has just recently integrated Avalanche, a high-scalable and open-source platform for launching decentralized finance apps. In a Monday press release shared with CryptoPotato, OpenOcean noted that its integration with Avalanche will allow its users to swap different digital assets utilizing the best...Read More
A spokesperson for AnChain.AI, a blockchain analytics firm, recently revealed a $600 000+ contract with the Securities and Exchange Commission to help the agency regulate and monitor the DeFi space. AnChain’s Contract with the SEC The contract – which began in May of 2021 – has an initial value of $125 000, which may escalate...Read More
Leading cryptocurrency e-commerce platform Shopping.io has continued to onboard several big names in the financial services industry as it makes another landmark move today. This time, it has collaborated with Justin Sun’s blockchain project – TRON. Shopping.io Integrates TRON Shopping.io revealed Wednesday that it had completed a partnership deal with TRON, a popular blockchain project...Read More
After launching on August 19th, the algorithmic liquidity protocol BENQI has already reached $1B in TVL. Meanwhile, the price of Avalanche’s native cryptocurrency has been soaring. Big Support for BENQI BENQI is collaborating with AVAX in a joint liquidity mining program, in which $3M worth of AVAX will be provided as incentives to users of...Read More
In an announcement on August 16, Poly Network stated that it will soon be going live again. Additionally, Poly has teamed up with bug bounty platform Immunefi to offer $500,000 for white hats that discover smart contact flaws and code bugs. The bug bounty went live a couple of hours ago, according to Immunefi, which...Read More
The team behind the Binance Smart Chain has decided to launch another season of the Most Valuable Builder program. It aims to accelerate the developments in several sectors, including DeFi and GamingFi, and ten projects will have the chance to receive funding. BSC MVB Program Season Three Ever since the launch of the Binance Smart...Read More
With the increasing interest in blockchain gaming, the popular blockchain platform, TRON, has recently announced the launch of a new $300 million fund dedicated to supporting GameFi projects. TRON Launches $300M Fund to Support Game Developers In a press release shared with CryptoPotato, TRON noted that the fund dubbed TRON Arcade was launched in collaboration...Read More
Sweet, an enterprise NFT solutions provider, has recently partnered with the American professional basketball team, New York Knickerbockers, popularly known as the New York Knicks, to create a limited edition NFT pack. According to the official announcement, the New York Knicks will be commemorating the 2020–2021 basketball season with a collection of 5 Limited Edition...Read More
Saber, a cross-chain stablecoin and wrapped tokens exchange built on the Solana protocol, recently announced that it had raised $7.7 million in a just-concluded seed funding round led by Race Capital. Saber Secures Funding From Industry Investors Other venture capital firms that participated in the equity funding round include Jump Capital, Multicoin Capital, Chamath Palihapitiya’s...Read More
Ampleforth – the algorithmic stablecoin with elastic supply – has been introduced in Aave’s lending ecosystem. Ampleforth (AMPL) Now Included in Aave While most stablecins have a stable peg, Ampleforth (AMPL) is doing things differently. It’s designed in a way where the algorithm chases a target price and readjusts the overall supply. If the price...Read More
Celer Network, the layer 2 scaling platform, has announced that its multi-chain network is live on the mainnet. Dubbed cBridge v1.0, it will enable users to transfer assets across several blockchain networks, including Ethereum, Binance Smart Chain, Polygon, and Arbitrum. cBridge v1.0 Goes Live on Mainnet The blockchain-based project announced its latest milestone in a...Read More
Polygon, an easy-to-use platform for Ethereum scaling and infrastructure development, has revealed that it is launching a new NFT-focused arm, dubbed Polygon Studios. Polygon Launches Gaming and NFT Arm In an official press release shared with CryptoPotato, Polygon noted that the new division will be focused on growing the global Blockchain Gaming and NFT industry,...Read More
Spores Network, a new creator-centric NFT and DeFi platform, has announced that it raised about $2.3 million from investors in a just-completed funding round. Cardano’s First Full-Stack DeFi Platform In a press release shared with CryptoPotato, Spores noted that it is stepping up its game to become the first full-stack NFT and DeFi platform to...Read More
Gaming developers employing the services of Community Gaming will be able to take advantage of enhanced scalability through a new collaboration with the popular blockchain-based Layer 2 protocol – Polygon. Community Gaming Partners with Polygon Describing itself as an “all-in-one platform offering esports infrastructure to all key stakeholders in the industry,” Community Gaming is a...Read More
In a bid to equip decentralized application (dApp) developers with the necessary tools for maximum production, Ethereum blockchain developer platform Alchemy has announced a partnership with Polygon to enhance the network’s capabilities. Alchemy Integrates Polygon The firm made the announcement today, stating that the move would supercharge the development of Polygon and the Ethereum network. ...Read More
While a slew of DeFi tokens are surging in value, the ‘Dogecoin Killer’ Shiba Inu has topped the Ethereum network in terms of gas usage, suggesting a strong connection between the two. Shiba Swap and the ensuing DeFi Wave Earlier yesterday, SHIB (the official Twitter account for the SHIBA ecosystem) announced that Shiba Swap had...Read More
The Knesset, Israel’s unicameral legislative body, could become the world’s first government entity to employ blockchain technology, and more specifically – NFTs. The incoming President Isaac Herzog will reportedly receive an NFT of the original oath signed by his late father – the nation’s sixth President. Born in 1960, Isaac Herzog is the President-elect of...Read More
IAGON, a Norway-based blockchain startup focused on decentralized cloud computing, has announced the completion of seed funding to the tune of $3.4 million. According to the announcement today, the latest round saw participation from reputable crypto and blockchain firms, led by LedgerLink Labs. Other investors include Blockchain Israel, AU21 Capital, Kirin Fund, Coinsgroup, Alphabit, Launchpool,...Read More
