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
The chain-agnostic Layer-2 infrastructure, Cartesi, has partnered with the IOTA Foundation to expand the use cases of DeFi, gaming, and NFTs. Additionally, both parties aim to serve as the bridge between traditional technological solutions and blockchain. Cartesi Collaborates with IOTA Headquartered in Germany, the IOTA Foundation is a global not-for-profit establishment focusing on research and...Read More
Following months of teasers and announcements about announcements, Uniswap has finally unveiled the specifications for its v3 upgrade. It added that the mainnet launch has been planned for May 5. The world’s leading DEX stated that it will be the most flexible and capital-efficient automated market maker ever designed. However, highly anticipated scaling solutions to...Read More
Attempting to improve access to DeFi interest-bearing accounts, including for individuals, businesses, professional investors, and corporations, Orbs is introducing Liquidity Nexus to act as a bridge between centralized and decentralized finance. This Liquidity-as-a-Service solution looks to make DeFi applications more available and less risky. Liquidity Nexus will provide an intuitive platform that’s simple to operate...Read More
The multi-token protocol enabling automatic market-making Balancer has partnered with the blockchain-based simulation platform for building financial models, Gauntlet. The collaboration aims to enhance returns for Balancer V2 Liquidity Providers while still keeping the funds fully non-custodial. Balancer Partners with Gauntlet to Maximize Returns In a press release shared with CryptoPotato, Balancer announced its latest...Read More
With non-fungible tokens (NFTs) permeating the mainstream, TRON is doing everything it can to guide some of that attention to its network. Following a strategic collaboration between TRON and MixMarvel, the latter’s blockchain-agnostic gaming ecosystem will be bringing its tokenized gaming interface to TRON. This is intended to unlock new value for both communities, as...Read More
TurtleDex, a decentralized Binance Smart Chain protocol, went through a rug pull. The protocol drained 9000 BNB, approximately $2.5 million. The owners immediately deleted TurtleDex’s telegram, the official website, and the Twitter page. A “rug pull” is a popular term in the DeFi space. In essence, the team behind the project pulls out the liquidity...Read More
There’s a not-so-subtle reminder for NFT maniacs in the United States amidst the ongoing frenzy – NFT purchases made with cryptocurrency capital gains attract taxes to the tune of 20%. Tax-free? Of Course Not … If you paid for a digital collectible with your BTC or ETH gains, then you need to think of the...Read More
AAVE, one of the market’s leading lending protocols, brings further offerings to its value proposition. In a recently released announcement, the protocol revealed that they have now enabled Uniswap and Balancer LP tokens to be collateralized on the platform. AAVE currently holds over $5 billion in total value locked, according to data from DeFi Pulse,...Read More
PancakeSwap, the largest and most popular decentralized cryptocurrency exchange and automated market maker (AMM) on Binance Smart Chain, might have had its DNS hijacked. Cream Finance is also under attack. In a tweet shared minutes ago, PancakeSwap’s official account revealed that the platform might have had its DNS (Domain Name System) hijacked. Until we are...Read More
Alameda Research, founded back in 2017, is one of the leading research and trading firms in the cryptocurrency industry. The company has announced a $20 million investment in the cross-chain DeFi operating system Reef Finance. Alameda Research has invested $20 million in the popular DeFi cross-chain operating system REEF Finance. According to a press release...Read More
The hacks and exploits on DeFi projects continue, and the latest victim to fall is the decentralized exchange platform – DODO. The attack targeted several V2 Crowdpools, and the stolen amount could go as high as $3.8 million. DODO Victimized by Hackers The decentralized finance sector is no stranger to malicious attacks and harmful exploits....Read More
The hype around non-fungible tokens (NFTs) continues to escalate as demand for primary sales is only growing higher. The last manifestation of this was earlier during the BossLogic NFT drop that took place on the OpenSea marketplace, causing it to essentially crash under the high traffic. OpenSea Crashes as Traffic Surges OpenSea, touted as the...Read More
Boasting three and four-digit annual percentage yields, Big Data Protocol (BDP) has become the latest DeFi frenzy as total liquidity on the protocol has skyrocketed to $6.1 billion just two days after liquidity mining incentives were launched. The protocol announced its fair launch on March 6 where 100% of the initial circulating supply, which is...Read More
This week was tough across the board, not just in the cryptocurrency market. It was marked by a serious correlation between Bitcoin and the S&P 500, as well as the entire legacy market, in general. As CryptoPotato reported, the abovementioned correlation reached a 5-month high. While this seems to be bearish in the short term, given that...Read More
PAID Network, one of the most popular Initial DEX Offerings (IDOs) that took place on Polkastarter’s platform a while ago and brought tremendous returns to private sale investors, is going through what seems as a massive attack. PAID Network, one of the most popular and heavily promoted IDOs that brought massive returns to private sale...Read More
Decentralized Finance (Defi) remains a crypto buzzword and hot topic. Despite its unwavering and unstaggering popularity. Its growth doesn’t appear to decline nor wane. Every day we continuously see new projects come out to service different sections of the decentralized finance movement. All of which are gearing towards one goal: the increase in overall usage...Read More
Binance Smart Chain has become somewhat of a hot topic amid DeFi gem seekers in the past few weeks. The network saw an influx of new projects, reminiscing of the early days of the DeFi craziness last summer. In any case, hours ago, the community was shocked earlier today when news broke out that one...Read More
The popular blockchain project TRON will introduce the DLT-agnostic prediction market Prosper to its ecosystem. TRON users and TRX holders will be able to provide liquidity and enhance the success-rate of the prediction market solution. TRON Teams Up With Prosper Justin Sun’s TRON announced its latest partnership in a press release shared with CryptoPotato earlier...Read More
Despite record highs for network charges in February, development on some of the industry’s leading Ethereum based projects has continued unabated. The research stated that development activity is an often-underrated indicator of project success. It demonstrates the ongoing commitment to creating a working product, continuously polishing and upgrading its features, and staying true to the...Read More
A few hours ago on Monday, Feb. 22, a critical vulnerability was discovered in Primitive Finance smart contracts. The contract could not be upgraded or suspended so the team decided to “whitehack” its own smart contracts to safeguard user funds. It stated that the majority of funds have been secured though users need to take...Read More
Uniswap (UNI) has become the first decentralized exchange (DEX) to reach $100 billion in cumulative trading volume as the appetite for the decentralized finance (DeFi) market continues to grow. Meanwhile, the UNI token recently set a new all-time high, with the platform now boasting about $4 billion in total value locked (TVL). Uniswap Crosses $100B...Read More
CREAM Finance, one of the more popular projects in the field of Decentralized Finance (DeFi), has been exploited. The price for its CREAM token has dropped by 30% in less than a few minutes after the news broke out. The official Twitter account of CREAM Finance revealed earlier today that the protocol has been exploited....Read More
It’s been a good few days for the cryptocurrency market. While Bitcoin, the sector’s leading cryptocurrency, has surged on the charts to touch a new ATH on the back of a Tesla-fueled hike, altcoins such as DOT and ADA have arguably outperformed BTC with their own price performances. What’s more, according to many, exchange tokens...Read More
Synthetix’s latest governance proposal has passed successfully, with the same approving the creation of sTSLA – a synthetic asset that will provide on-chain exposure to Tesla’s shares. The proposal to introduce sTSLA, or SIP110, was put into motion on 10 February, with the proposal passed successfully after a unanimous vote by Synthetix’s The Spartan Council....Read More
