Huobi Group, the holding company of the leading cryptocurrency exchange, Huobi Global, has recently launched a new subsidiary geared towards decentralized finance (DeFi) projects, non-fungible tokens (NFTs), and mergers and acquisitions. Huobi Devotes $100M to DeFi In a Thursday press release shared with CryptoPotato, the company noted that it has already deployed $100 million to...Read More
deFIRE is a decentralized smart order routing engine being built for the Cardano ecosystem incubated and supported by Occam and powered by the industry leader in cross-chain liquidity provision, Changelly. It offers execution services across decentralized exchanges (DEX) such as token swaps, order routing services across DEXs, and providing intermediary services between order flow originators...Read More
E-commerce giant eBay has become the first in its industry to catch the non-fungible tokens (NFT) mania, as the company is now allowing the sale of NFTs on its platform. According to Reuters on Tuesday (May 11, 2021), eBay said that it would enable the sale of NFTs for digital collectibles such as video clips,...Read More
The automatic market maker (AMM) running on top of Ethereum, Balancer, announced that Version 2 of its platform is already live. It promises lower gas costs, a redesigned interface, and an enhanced user experience. Balancer V2 Arrives Built on Ethereum, Balancer is a DeFi protocol enabling users to trade ether and ERC-20 tokens in a...Read More
QANPlatform – a project that is on a mission of building a quantum-resistant hybrid blockchain protocol, secured investment from various venture capital funds to build a DeFi ecosystem. QAN Successfully Closes a Funding Round of $2.1 Million The question of whether or not existing blockchain-based PoW networks would stand the test of a quantum computer...Read More
DeFi protocol Rari Capital plans to reimburse its affected users after a hacker managed to exploit its liquidity pool, draining 10 million worth of Ethereum (ETH) – around 60% of users’ funds. Jai Bhavnani, Rari Capital CEO, said the protocols’ core contributors have agreed to return 2 million of their $RGT —which was initially allocated...Read More
Ethereum layer-two protocol, Metis, announced that they’ve successfully closed $4 million in a brand new funding round. $4 Million of Funding for ETH Layer Two Solution Metis Metis is an Ethereum layer-two protocol. According to a press release shared with CryptoPotato, the company managed to raise another $4 million in a growth round that was...Read More
May 5 is the day that Uniswap announced for the launch of its latest version 3 upgrade. The new version will introduce a number of new features targeting capital efficiency. Layer 2 scaling is not included in this upgrade but will be launched soon according to Uniswap Labs. Some of the upgrades in version 3...Read More
Reef Finance, the cross-chain DeFi operating system, has launched its platform for initial DEX offerings (IDOs) called ReefStarter. The new product will focus on projects from the decentralized finance space, allowing them to swap tokens cheaply and rapidly. ReefStarter Going Live Describing itself as the “first cross-chain DeFi operating network,” Reef Finance enables traders to...Read More
Spartan Protocol, a DeFi project on Binance Smart Chain, was exploited for over $30.5m. The hacker’s whereabouts are unknown, and a second version of Spartan Protocol is currently being rebuilt with implemented bug fixes. What is/was Spartan Protocol? Spartan Protocol provided a platform for incentivized liquidity and synthetic assets. The SPARTA token had an internal...Read More
The Binance Smart Chain powered DEX has surged in popularity in recent months as DeFi newbies flock to the platform to avoid paying heavy gas fees on Ethereum. Figures from on-chain data providers indicate that the record figures for BSC and PancakeSwap have indeed surpassed that of the Ethereum network, despite its record price high...Read More
As the bull market rages on, it’s easy to get caught up in success stories. However, it’s paramount to know that it’s not all rainbow and butterflies – losses happen, and they hurt, especially if you’re not prepared or overtrade. An investor tweeted about how he lost his entire $185k portfolio in just 3 weeks....Read More
Jigstack, a DeFi project aiming to govern high-quality revenue-generating network solutions on Ethereum, has successfully raised $3 million in private and public funding rounds. The protocol plans to utilize the funds to build the DAO of the decentralized finance sphere. Jigstack Raises $3M in Funding Rounds Describing itself as the “missing piece of DeFi,” Jigstack...Read More
Polygon, an easy-to-use platform for Ethereum scaling and infrastructure development, has recently launched a $100 million fund intended to improve the accessibility of the decentralized finance (DeFi) space to more users. According to a press release shared with CryptoPotato, the fund, known as “#DeFiforAll,” is geared toward effectively introducing millions of users to the various...Read More
$50 million worth of various cryptocurrencies has disappeared from the automated market maker platform running on the Binance Smart Chain – Uranium Finance. While the team behind the project claims the funds were stolen, the cryptocurrency community speculates of a possible rug pull. $50M Gone From Uranium Finance The DeFi project took it to Twitter...Read More
Reef Finance has announced that its Substrate-based mainnet will see the light of day in May 2021. Called Reef Chain, it promises to “make DeFi easy” by enabling developers to use a highly scalable and fully EVM-compatible network that’s integrated into the Polkadot ecosystem. Reef Chain Coming in May Reef Finance is a cross-chain DeFi...Read More
There has been no denying the surge in popularity for the largest platform running on Binance’s Ethereum rivaling blockchain. PancakeSwap continues to pull in new DeFi users and those that are making smaller transactions. A Dappradar report on April 21 stated that the DEX has now surpassed the entire Ethereum network for transactions in a...Read More
French game publisher Ubisoft has partnered with Tezos, becoming an official corporate validator node on its blockchain. Nomadic Labs, a research and development team within the Tezos ecosystem, announced the partnership via Twitter. 🎮@Ubisoft is exploring #Tezos technology by becoming a corporate baker. 👋 Welcome to the ecosystem!Read the announcement: https://t.co/ZM1IzBTVCM#blockchain #DigitalTransformation #crypto #Ubisoft pic.twitter.com/6wKCQIFAOJ...Read More
The ecosystem of the Binance Smart Chain continues to expand. With a range of available applications spanning various segments of the industry, BSC has recently reached another milestone, with its daily transactions being 200% more than these on Ethereum. The ecosystem is bound to expand even more following the recent inclusion of KeyFi to the...Read More
Deutsche Telekom has invested in Celo, an open-sourced proof of stake (PoS) blockchain designed to allow mobile phone access to decentralized finance projects. The German telecommunication giant is the first such company to join the Celo network. Deutsche Telekom Invests in The Future of DeFi Founded in 1995, Deutsche Telekom is the largest telecommunications provider...Read More
DAO Maker, whose token sale launchpad has incubated a wave of heavily oversubscribed IDOs, is bringing its model to the TRON network. A partnership between TRON and DAO Maker will bring the latter’s formula to the blockchain network founded by Justin Sun and now centered around DeFi. Token launchpads have been one of the biggest...Read More
The popular blockchain investment company Hashed has taken part in the seed round of Contxts – the operator of the NFT portfolio manager NFTBank. $1.4 Million Investment in NFTBank NFTBank is a platform that provides asset management services of NFT assets from various projects such as League of Kingdoms, Axie Infinity, The Sandbox, and so forth. It...Read More
In an announcement on April 13, the Switzerland-based non-custodial crypto company stated that it was now fully integrated with THORChain, enabling users to trade native Bitcoin with Litecoin and Ethereum for the first time. The move is a big deal because it is the first time a decentralized exchange has enabled crypto asset swaps across...Read More
The popular multi-asset DeFi platform powered by Kava Labs has optimized its network with the release of the Kava 5.1 upgrade. The company cited enhanced earnings from lending and decreased risks as the main benefits from the update. Kava 5.1 Arrives The software protocol enabling its users to utilize multiple crypto assets to borrow and...Read More
IOHK, the company behind Cardano, has partnered with Orion Protocol, becoming the first liquidity aggregator of the Cardano blockchain. Orion has provided a non-custodial gateway to the crypto market by aggregating liquidity from crypto exchanges into a single DeFi platform. The partnership with Cardano comes after a series of integration to other protocols, such as...Read More
Aave, the third-largest non-custodial lending protocol, is taking a multi-market approach and exploring scalability solutions in a project called “New Frontiers.” Aave is now exploring Polygon (formerly known as Matic), an Ethereum layer 2 protocol that enhances scalability using an adapted version of the Plasma framework. The Polygon sidechain system will be the first to...Read More
In another whopping purchase, Justin Sun, the founder of one of the largest blockchain-based projects, TRON, and the CEO of BitTorrent, has bought Picasso’s “Femme nue couchée au collier” for $20 million. Besides that, he has also bought “Three self portraits” by Andy Warhol for $2 million, and he plans to tokenize both and launch...Read More
With collaboration from the NBA, highlight clips have become NFT collectible cards. Canadian technology company Dapper Labs continues its lucrative streak by nabbing a whopping $305 million dollars from new investors. Private Equity Firm Cotue Rakes in Big Names The New York investment company Coatue Management, responsible for several other technology investments, has sealed a...Read More
According to data from DappRadar, and the platform itself, the total value locked for the DeFi DEX PancakeSwap has reached $5.5 billion in BNB equivalent. The platform tweeted the milestone all-time high over the weekend, adding that it includes all liquidity pools combined. TVL figures vary depending on the data provider but most are in...Read More
Elon Musk continues to tease cryptocurrency aficionados. After numerous tweets about the meme-coin Dogecoin, the CEO of Tesla has his sight set on decentralized finance (DeFi). Elon Musk is undoubtedly one of the most interesting people involved with cryptocurrencies. Apart from being one of the richest men in the whole world, he’s also eccentric and...Read More
