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
Ryan Wyatt, who until today was Global Managing Director at YouTube Gaming, announced his resignation as part of a move that will take him deeper into the depths of the metaverse and the crypto realm. In an emotional farewell shared via Twitter, Wyatt expressed his satisfaction and gratitude to the YouTube team, to whom he...Read More
The users of cross-chain protocol lashed out over an unsolved security vulnerability that appeared earlier this week and the platform’s failure to act. Later on, though, Multichain revealed that one whitehat hacker returned 259 ETH, worth approximately $813,000. The Multichain Exploit It all started when Multichain announced the existence of a flaw that made several...Read More
Continuing with its push for “the best deals across the blockchain space,” the 1inch Network has announced the deployment of its latest aggregation and limit-order protocols on Avalanche and Gnosis Chain. Conquest of the DeFi The DEX aggregator termed the new partnerships a continuation of its conquest of the DeFi space. In a press release...Read More
The decentralized finance protocol OlympusDAO collaborated with Balancer to set up OHM as a liquid asset within the latter’s network. CopperLaunch and PrimeDAO will facilitate the front end of the Liquidity Bootstrapping Pools (LBPs) by adding OHM as a collateral token. The Specifics of The Project According to a document seen by CryptoPotato, the decentralized...Read More
Mark Cuban, the Shark Tank star and millionaire, has revealed his crypto portfolio, which includes various non-fungible tokens (NFTs) and Ethereum-based altcoins (ETH). The data exchange platform Ocean Protocol (OCEAN), cross-chain smart contract protocol Rarible (RARI), the governance token of the Olympus DAO (gOHM), and music streaming blockchain Audius are among Cuban’s top cryptocurrency holdings,...Read More
In yet another concerning development, the prominent blockchain security firm, Peckshield, revealed looking into more than 50 potentially dubious projects on Binance Smart Chain(BSC). Rug Potentials on Binance Smart Chain Rug pulls were a frequent occurrence in the crypto space in 2021. In this kind of scam, developers of a DeFi project abandon it unexpectedly...Read More
The coin market is now surfacing from the doom of bears, as the business recovers at a steady pace. The greener monetary statistics apace with the sprawling utility and developments have instilled faith of traders and diamond hands over digital assets. In contrast, the crypto town has now come across an unnatural event, as Polkadot...Read More
Itheum, a metaverse project based on the Elrond network, recently secured $1.5 million in funding from a single investor – Morningstar Ventures. This seed round would enable the project to pursue its roadmap. According to a press release shared with CryptoPotato, the funding round is part of a $15 million initiative from Morningstar, which launched...Read More
Bitcoin’s trend has been bearish since pulling strings to reach an all-time high of $68k. Following a succession of lower highs, the flagship asset has dropped to $41k. ETH, on the other hand, has remained stable at 3.1k. The crypto environment is dynamic, and it appears to be a significant shift in market mood. Altcoins...Read More
The cryptoverse remains to be stuck in a quagmire, where digital assets have been bogging down on gains. With billions being already lost in the swamp, folks from the industry are now waiting for a pull out from the gloom. While mainstream cryptos have been moving in ruins, eyes are now pinned on emerging protocols...Read More
Animoca Brands subsidiary, Lympo, an NFT platform that specializes in the minting of sports-related collectibles, has lost $18 million to a hack of several of its hot wallets. According to a Medium post that announced the breach of security, the team stated that it lost 165.2 million LMT tokens after a hacker gained access to...Read More
The crypto market has commenced the new year with softening of prices. Bitcoin price has continued to plummet for the third consecutive day with no sign of price recovery. However, the DeFi protocols didn’t show much weakness rather remained tolerant for the current market crash. Low cap tokens such as Loopring, Thorchain, Secret, and more...Read More
The world’s leading digital asset manager – Grayscale Investments – has readjusted its DeFi Fund. The firm rebalanced the financial product’s weightings with AMP (the native token of the Flexa payment Network), while Bancor Network Token (BNT) and Universal Market Access Protocol (UMA) were removed. Adjusting The DeFi Fund According to a recent series of...Read More
QuickSwap price is up over 56% today, making it the biggest gainer on Crypto.com. With a market cap of $132 million and a 24-hour trading volume of $329 million, QUICK is making waves in the market today. Let’s look at QuickSwap and its token QUICK and see why the price is rising. What Is QuickSwap?...Read More
The rumors of a potential MetaMask governance token airdrop have been going rampant on Crypto Twitter for quite some time now. it appears that scammers are taking full advantage and have managed to lure several hundred users in their schemes. MetaMask is the most popular non-custodial wallet for Ethereum and it played a huge role...Read More
DeBank – a crypto wallet for tracking decentralized finance applications – recently closed a multi-million dollar funding round led by fintech venture capitalist firm Sequoia China. This brings the defi wallet’s valuation to over $200 million. Debank announced its newly acquired funds in a tweet on Tuesday. Other companies that contributed to the funding round...Read More
In an announcement on Dec. 22, Uniswap Labs reported that it had launched the DEX on the Polygon network. Polygon co-founder Mihailo Bjelic submitted a proposal to Uniswap governance in November to deploy Uniswap v3 on Polygon, and it was voted in last week. It had overwhelming support, with more than 72 million UNI tokens...Read More
Visor – a Uniswap-based protocol specializing in NFT smart vaults – was recently exploited by hackers to withdraw 8.8 million vVISR tokens. The Visor team appears to be addressing the issue, but the token’s price has collapsed in the aftermath. Hacked For Millions Visor Finance called attention to the exploit over Twitter earlier today. Apparently,...Read More
MetaMask is one of the most popular non-custodial wallet applications with millions of active users. Now, it also teases that in-app non-fungible tokens will also come to life soon. CryptoPotato reported earlier in November that the popular non-custodial wallet MetaMask has reached a whopping userbase upwards of 21 million. MetaMask is in the middle of...Read More
With hardly a week left for the year-end, the cryptocurrency industry has been hit by yet another exploit. This time, it is the staking and farming platform Bent Finance. After confirming the breach today, Bent Finance urged investors to withdraw their funds from the platform. Another Hack or Rug Pull? It all started on Monday...Read More
The self-described compounding yield optimizer – Grim Finance – has reported being hacked in a reentrancy exploit with the attacker swiping up to $30 million worth of Fantom tokens. The DeFi protocol took it to Twitter on Sunday to inform its users about the hack. The team described it as an “advanced attack,” in which...Read More
The popular decentralized exchange 1inch announced that the second version of its limit order protocol is now live. One of the most prominent features that the project outlined is allowing users to gaslessly place limit orders to swap into ETH dozens of tokens that support permits. 1inch V2 Limit Order Protocol Goes Live The project...Read More
Digital payments company Circle has announced the launch of its stablecoin USDC on Avalanche. The main objective behind the stablecoin’s deployment is to enable developers and communities to engage with eco-friendly platforms and accelerate decentralized finance (DeFi) adoption. USDC Now Available on Avalanche According to the official blog post, users will now be able to...Read More
Since hitting a low of $23.95, Polkadot (DOT) has rebounded significantly. Polkadot is now trading at $28, with $1.4 billion in trading volume over the last 24 hours, after briefly approaching $30. Advertisement Polkadot is currently trading in the red, with a price of $28 below the psychological mark of $30. On the daily chart,...Read More
