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Battery Maker LG Chem Makes Blockchain-powered Sustainability Drive


LG Chem, one of the world’s biggest lithium-ion battery producers, said that it will build a blockchain-powered supply chain traceability platform for its battery products. The firm, part of the wider LG Group of companies, said that it spent USD 92 million in a sustainability-based R&D...

DeFi Moves: Maker, Ampleforth Hit Milestones, YFI Corrects '100x' Gains


Source: Adobe/Сергей Шиманович After a wild ride higher in recent months, tokens in the decentralized finance (DeFi) space are taking a breather today, while the growth in total USD value locked in DeFi protocols is also on pause after more than 10 days of uninterrupted growth. In terms of total...

CryptoKitties Maker Launches Dr. Seuss Collectibles on Flow Blockchain


Source: a screenshot, seussville.com The developer of the Ethereum (ETH)-powered crypto-collectibles game CryptoKitties has teamed up with Dr. Seuss Enterprises to launch a line of digital collectibles based hit children’s books like The Cat in the Hat and How the Grinch Stole Christmas! on...

Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in Circulation


A number of cryptocurrency proponents have been discussing the stablecoin DAI this week, as the DAI allegedly held on the Compound platform is much larger than what is recorded in circulation. At press time, Compound statistics show there’s $523 million worth of DAI held in reserves, while...

US Contract Miner Core Scientific Buys 17,600 Bitcoin Miners From Bitmain


U.S. contract mining firm Core Scientific has agreed on a deal to buy 17,600 mining rigs from Chinese bitcoin hardware maker Bitmain Technologies Inc. The company is buying Bitmain’s next-generation bitcoin (BTC) miner, the Antminer S19, it said in a statement on June 29. The miners will...

‘Sophisticated’ Hacker Plunders $450,000 From Defi Protocol Balancer


Decentralized finance (Defi) protocol ​Balancer was on Sunday hacked for more than $450,000 worth of cryptocurrency. In two separate transactions, an attacker targeted two pools containing Ethereum-based tokens with transfer fees – or so-called deflationary tokens. Pools with Sta...

Maker Soars Higher on Exchange Listing, Successful Community Vote


The popular decentralized finance (DeFi) project Maker (MKR) is seeing strong gains in the crypto market today, after a community vote showed support for expanding the range of collateral assets on the platform, and crypto exchange Coinbase Pro appears to have changed its mind about the token. As...

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