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Total Value Locked in Defi Takes a Hit Losing $21 Billion in 6 Days
11.4.2022
Over the last six days, the total value locked (TVL) in decentralized finance (defi) has dropped 9.21% from a high of $232.88 billion on April 5, to today’s $211.43 billion. The value locked in defi protocols shed 4.40% of that value during the last 24 hours. Value Locked in Defi Shudders...
Top 5 cryptocurrencies to watch this week: BTC, NEAR, FTT, ETC, XMR
10.4.2022
Bitcoin, NEAR, FTT, ETC and XMR are attempting to rebound off their strong support levels, indicating buying on dips
Biggest Movers: XMR Climbs to 4-Month High, NEAR Drops 10% Following Recent Gains
9.4.2022
Following a gain of over 25% on Friday, NEAR dropped by over 10% to start the weekend, while XMR rose to a four-month high. The move in NEAR comes as traders look to be taking profits from recent highs, and as market uncertainty remains high. Near Protocol (NEAR) After being Friday’s biggest...
Ethereum’s Hashrate Taps an All-Time High as Miners Race to Mint ETH Before The Merge
9.4.2022
While the Ethereum community is getting prepared for The Merge and the protocol’s transition to a full proof-of-stake (PoS) system, the network’s hashrate reached an all-time high (ATH) on April 7, 2022. On Thursday, Ethereum’s hashrate reached a high of 1.131 petahash...
Biggest Movers: Near Surges by Over 25% on News of an Upcoming Stablecoin
8.4.2022
NEAR rallied by over 25% on Friday, as speculation grew that Near Protocol was set to create a rival stablecoin to Terra’s UST. LUNA fell on the news, as Terra labs plans to purchase around $100 million worth of AVAX, in order to strengthen its own reserves. Near Protocol (NEAR) NEAR was...
Bitcoin plumbs April lows as US dollar strength hits highest since May 2020
8.4.2022
USD reaches 23-month highs while the Russian ruble joins in on the surprise gains
Near Protocol eyes a Terra-like price rally after new $350M funding raise
8.4.2022
NEAR's price could extend gains following the launch of a new algorithmic stablecoin USN
Luna Foundation to Add $100 Million in AVAX to the UST Decentralized Forex Reserve
8.4.2022
Following the Luna Foundation Guard’s (LFG) purchase of 5,040 bitcoin on Wednesday, the following day the Singapore-based non-profit announced it will be acquiring $100 million avalanche (AVAX) tokens. LFG detailed on Thursday that the purchase is meant to strategically align the Terra...
Terra buys $200M in AVAX for reserves as rival stablecoins emerge
8.4.2022
The two main organizations behind the development of the Terra blockchain have purchased a combined $200M in AVAX while Near Protocol is rumored to release a new stablecoin
FTSE 100 Company, Entain, Deploys Syntropy to Improve Global Network Performance
7.4.2022
PRESS RELEASE. PALO ALTO – April 7th, 2022 — Syntropy, a transformative Web3 connectivity company, announces its new customer – the sports betting and gaming giant, Entain. The FTSE 100 company is leveraging Syntropy’s global relay network with its decentralized...
Interlay introduces new protocol for Bitcoin’s reciprocal relationship with DeFi
7.4.2022
XCC is positioned as a supporting mechanism to XCLAIM, a protocol which acts as the foundational layer for Interlay’s Bitcoin one-to-one backed asset interBTC
UST staking goes live on Binance as Anchor reserves fall
6.4.2022
Yields from Terra's flagship savings protocol will be available to more than 30 million users on Binance
Near Protocol Raises $350M
6.4.2022
Hedge fund giant Tiger Global led the funding round. It’s Near’s second nine-figure raise this year
EverLend, First Lending Protocol on Everscale Network, Kicks off Operations With Successful LEND Token Launch
6.4.2022
EverLend.app is a secured lending protocol powered by Everscale. The platform was successfully launched on the 18th of March, 2022 together with its own utility token. The platform facilitates DeFi lending by hosting funding pools with interest rates based on Everscale’s asset supply...
Digital Finance and DeFi Tokens: Invest in Solana, Aquasis Protocol, and Quitriam Finance
5.4.2022
In the crypto world, the notion of Decentralised Finance (DeFi) is used to describe the sub-sector of crypto that is revolutionizing the internet-native financial system by using Blockchains to replace traditional intermediaries (i.e., Banks). Crypto Investors are strongly convinced this is...
DeFi Protocol EverRise Introduces New Utility for On-Chain NFTs
5.4.2022
EverRise, the blockchain technology company that brought the buyback to crypto, has upgraded to a new smart contract that supports VeNomics (vote escrowed token model) and on-chain utility NFTs. The upgraded EverRise protocol introduces increased security features and an innovative staking platform...
SolanaSail Partners with PenguinFinance for Protocol Owned Liquidity Treasure
4.4.2022
PenguinFinance Bond Family announces its joint venture with SolanaSail. This will be a new step with the new partner to earn Protocol Owned Liquidity through bonding and staking! Penguin is one of the leading Liquidity-as-a-Service platforms that provides a one-stop shop for treasury management...
Total Value Locked in Defi Nears Lifetime High, Ethereum’s TVL Dominates by 54%
3.4.2022
On Sunday, April 3, the total value locked (TVL) in decentralized finance (defi) has risen to $231 billion. The TVL is nearing the all-time high (ATH) of $256 billion recorded on December 2, 2021, as it’s only 10.82% under the TVL’s ATH. Additionally, while Curve Finance continues...
Biggest Movers: Near Surges 22% on Saturday, as SOL, AXS Move Higher
2.4.2022
NEAR has risen by over 20% during today’s session, pushing prices to their highest level since late January. AXS also rebounded on Saturday, following a $640 million hack, which sent its price down this week. NEAR Protocol (NEAR) NEAR was undoubtedly one of the biggest gainers in crypto...
Polygon Announces Zero-Knowledge Identity Platform for Web3
1.4.2022
On March 29, Polygon, the layer two (L2) scaling solution that runs parallel with the Ethereum blockchain, has announced a new identity platform called Polygon ID. While the protocol is is still under development, Polygon ID is powered by zero-knowledge (ZK) cryptography and Polygon expects...