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USM.World partners with Magpie XYZ & boosts veTokenomics protocols
17.11.2022
USM.World is pleased and, with great excitement, made their official announcement of having joined hands in the form of a mutually beneficial partnership with Magpie XYZ. USM.World, by the way, happens to be the parent company of the 3D virtual world-United States of Mars (USM). Magpie XYZ, on...
Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days
16.11.2022
Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in existence lost more than $22 billion during the last 36 days. The total value locked (TVL) in defi...
Binance CEO urges crypto buyers to 'hold' amid 'unpredictableness'
15.11.2022
Binance CEO Changpeng Zhao (CZ) said people should invest in crypto if they're using "cash that you don't need for a long time" as the market sees high volatility amid FTX's fallout
Maintaining decentralization: Are custody services a threat to DeFi protocols?
10.11.2022
DeFi ecosystems try to live up to crypto’s decentralized ethos, but single-token governance protocols could prove a challenge
Automation opens up pathway to a simplified, more user-friendly DeFi
5.11.2022
Hunting for the best opportunities in the world of DeFi is often time consuming. But automation is changing that
Solana-Based Lending App Solend Gets Hacked for $1.26 Million in ‘Oracle Attack’
2.11.2022
The Solana-centric lending application Solend lost $1.26 million in an oracle attack, according to Solend’s official Twitter account on Wednesday. A number of affected pools were disabled, and Solend says it has given crypto exchanges the exploiter’s address. Solana Defi Application Solend...
Crypto News Summary: DBS Adopts DeFi Protocols for FX & Government Securities Transactions, Union Bank of Philippines to Launch BTC & ETH Custody & Trading
2.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto News Summary: DBS Adopts DeFi Protocols for FX & Government Securities Transactions, Union Bank of Philippines...
State of Decentralized Finance Remains Lackluster, Value Locked in Defi Slid 67% in 6 Months
22.10.2022
During the last 125 days or roughly four months, the total value locked (TVL) in decentralized finance (defi) has been range bound within the $50 billion to $65 billion region. The TVL in defi has shed significant value during the past six months as it dropped from $161 billion on April 1, down...
Sam Bankman-Fried Under Fire for Controversial Comments on DeFi Protocols
21.10.2022
Sam Bankman-Fried, CEO of the crypto exchange FTX, has come under fire by the crypto community for comments that could imply that he is in favor of censoring DeFi protocols....
Read More: Sam Bankman-Fried Under Fire for Controversial Comments on DeFi Protocols
Origin Protocol’s Roofstock OnChain launches NFT Real Estate
20.10.2022
Origin Protocol completed the development of their NFT marketplace for Roofstock OnChain, which they launched. However, this is created to make it possible to exchange real-time properties in the metaverse. As a result, the very first such sale has taken place. This incident makes it the first...
VC-Backed Blockchain Project Aptos Reveals Protocol’s ‘Mainnet Has Arrived’
18.10.2022
A new layer one blockchain network called Aptos announced the launch of its mainnet on Monday, following a slew of capital injections from a number of venture capital (VC) firms. The blockchain protocol, crafted with a Rust-centric programming language dubbed Move, is backed by VC companies such...
Crypto Hackers Gross Over $3 Billion From 125 Hacks so Far This Year
15.10.2022
Data from blockchain analytics firm Chainalysis shows that October is “the biggest month in the biggest year ever for hacking activity.” The firm added that crypto hackers have grossed over $3 billion across 125 hacks so far this year. Crypto-Hacking Activity Soars in October...
Quik․com Releases Update for Its NFT Domains – Web3 Domains Are Now Minting
11.10.2022
The much-anticipated major update to Quik.com has now been made available to users, bringing them brand-new capabilities like the edit feature and the Quik API, along with more that are scheduled for the upcoming weeks and months. Quik.com is a P2P NFT domain marketplace offering NFT top-level...
Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45%
10.10.2022
While the crypto economy has shed significant value, losing more than $2 trillion since the highs recorded at the end of 2021, a great deal of value was erased from smart contract platform tokens and decentralized finance (defi) protocols. One sector of the defi ecosystem that’s recorded...
Taking Yield Farming to the Next Level With Animal Farm
4.10.2022
As a result of DeFi protocols, access to finance has been democratized, allowing anyone with an Internet connection to gain access to opportunities and services. However, they only gained popularity after the ‘DeFi summer of 2020’ and the yield farming craze that followed. The concept...
Decentralized App BCH Bull Prepares for Launch, Platform Allows Users to Long or Hedge Bitcoin Cash Against a Myriad of Tradeable Assets
4.10.2022
Just recently the developers behind the Bitcoin Cash-centric project Anyhedge released the alpha version of the Anyhedge Whitelabel and since then, 284 smart contracts were created onchain, and more than $32,900 in funds hedged using the alpha protocol. Furthermore, this month, General Protocols...
Chainlink and CF Benchmarks to Bolster Onchain Transparency via CF Bitcoin Interest Rate Curve Product
29.9.2022
On Wednesday, the decentralized oracle network platform, Chainlink, announced the launch of a market-wide interest rate product for Web3 protocols and the decentralized finance (defi) economy, called the CF Bitcoin Interest Rate Curve (CF BIRC). Chainlink revealed the new product at Smartcon 2022...
Value Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%
24.9.2022
The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95 billion. The TVL has not been this low in over five months since March 29, and the most dominant defi protocol today...
Ethereum co-founder Vitalik Buterin shares vision for layer 3 protocols
20.9.2022
While layer-2 protocols have been focused on "scalability," layer-3 protocols would serve a much different purpose, says Ethereum co-founder Vitalik Buterin
USM.World Partners With BNBChain and 10 Other DeFi Protocols
16.9.2022
Creating a Web3.0 where control, security, wealth, and information are once more in the hands of the communities, and the individuals are dependent on working with top standards. The anonymity, decentralization, and community tenets underpin the bitcoin market will restore economic equilibrium....