Andre Cronje shocked the cryptocurrency world a little over a month ago and hasn’t said a word since. This ended today when he fired an entry on Medium, giving some context to his departure. What Happened With Andre Cronje? Back at the beginning of March, Andre Cronje – largely known for the creation of Yearn...Read More
Nessa Risley, an Uniswap user from North Carolina, invested about $10,400 on low-cap digital tokens such as EthereumMax, Matrix Samurai, and Rocket Bunny between May and July of last year. The trader has since experienced “substantial losses” and thus sought justice through legal action. On April 4, Risley launched the legal proceedings, alleging that Uniswap...Read More
Uniswap Labs – the organization behind the popular DeFi exchange – announced the launch of Uniswap Labs Ventures. As such, it intends to “bring millions of people into the emerging Web3 economy” and invest in additional crypto enterprises. Enter Uniswap Labs Ventures In a recent blog post, the company said it is “proud of the...Read More
Crypto research and portfolio tracker, CoinStats, raised $3.2 million in the latest funding round led by Alex Pack’s Hack VC. Other participants also included a myriad of other funds, including Mike Dudas’s 6th Man Ventures. The funding will be deployed to develop new features to expand DeFi to millions of users. CoinStats’ DeFi Expansion As...Read More
OpenZeppelin, a security audit company for Coinbase, identified $15B rugpull vulnerabilities in Convex Finance, whose anonymous developers later resolved the risk. The surprising discovery occurred during a security review of the Convex Finance protocol. A Bug Only Exploitable From the Inside The Security Research Team from OpenZeppelin found in late 2021 that a significant bug...Read More
Jamie Dimon – CEO of JP Morgan Chase – showed strong support for decentralized finance and blockchain technology in a recent letter to shareholders. His new take appears to be a 180 from his previous takes on crypto, and more in line with those of his company. Blockchain and Defi are ‘Real’ The letter, issued...Read More
In a major push to web3 browsing experience, Opera will now support eight leading blockchain and layer-2 networks, as well as some decentralized apps (dapps). These include Solana, Polygon, StarkEx, Ronin, Celo, Nervos, and IXO. Opera’s Web3 Push Opera users can access these networks and their various features, including Defi, through Opera’s latest web3 browsing...Read More
In recent years, blockchains have become increasingly popular. And Interoperability amongst chains has remained a significant roadblock. This is where Polkadot gained traction by introducing interoperability. PolkaDot is one of the in-demand cryptocurrency blockchains worldwide. The fundamental capabilities and functionality of cross-chain fuels blockchain adoption. It claims itself as the next-generation blockchain protocol, with the...Read More
Ronin Network, a critical bridge chain that powers Axie Infinity, was attacked, and this resulted in in a loss of 173,600 Ethereum and 25.5M USDC, equivalent to over $600M. Since the breach occurred on March 23rd, the stolen funds have flowed into FTX, Huobi, and CryptoCom, which have all vowed to take actions to trace...Read More
Bitcoin has finally broken out of the trading window it has been in since the beginning of the year, reaching a three-month high on Monday. Other popular cryptocurrencies, like Ethereum (ETH), Cardano (ADA), and Solana (SOL), have also had recent rises, putting the whole crypto market past $2 trillion. As the crypto market shows signs...Read More
Ronin – an EVM blockchain for play-to-earn games – recently fell victim to one of the largest hacks in the history of crypto. A whopping 173,600 ETH was drained from Ronin bridge within the last week, alongside another 25.5M USDC. According to a community alert issued by Ronin, the hack occurred due to Ronin validator...Read More
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
