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BitDAO and Sushi MISO Join Hands to Launch BIT Token
11.8.2021
BitDAO is among the most promising DAO platforms backed by Spartan, Pantera, Peter Thiel, Dragonfly, Bybit, and Founders Fund. Now, the DAO is collaborating with Sushi MISO to launch its new token. The partnership will also witness the involvement of Bybit. The crypto exchange has supported BitDAO...
Gemini Acquires Guesser Platform to Enhance Influence in DeFi
11.8.2021
In an important move for strategic expansion, Gemini has announced that it has acquired the Guesser platform. The Guesser is a very well-known name in the segment of platforms that predict markets on a real-time basis. With this acquisition, Gemini stands to gain a lot in categories such...
DeFi History Books Records The Largest Exploit to Date Worth $600 Million
11.8.2021
A historic hack has been making airwaves within the community, plagued by tons of exploits, and now has recorded the biggest ever. Poly Network exploits across three chains saw both Decentralized Finance and the largest hack co-occurring. Shockwaves crippled the crypto world as the news made...
Poly Network hacker appears ready to return stolen funds
11.8.2021
The Poly Network hacker said they will return the stolen cryptocurrency funds, and have asked for a secured multisig wallet
BENQI and Avalanche Launch $3M Liquidity Mining Initiative to Accelerate DeFi Growth
11.8.2021
PRESS RELEASE. BENQI, an algorithmic liquidity market protocol, and the Avalanche Foundation are collaborating on a joint liquidity mining program to celebrate the launch of the BENQI protocol on the 19th of August and the next phase of growth within Avalanche’s DeFi ecosystem. $3MM of AVAX...
Man who minted 14M ICX tokens due to a bug can pursue lawsuit to keep them
11.8.2021
A flaw in an upgrade to the ICON blockchain in 2020 allowed a user to repeatedly mint millions of ICX tokens
EQIFI, the DeFi in Partnership With a Global Bank Now Available on the Bloomberg Terminal
10.8.2021
PRESS RELEASE. EQIFI, a regulated and licensed decentralized platform for pooled lending, borrowing and investing Ethereum-based cryptocurrencies, stablecoins and select fiat currencies, has announced that its native token, EQX, has been enlisted on the Bloomberg Terminal under the EQX ticker...
Poly Network Hacked for More Than $600 Million — Hacker Trolls Project Saying ‘It Could Have Been a Billion’
10.8.2021
On August 10, the decentralized finance (defi) project Poly Network suffered a loss of over $600 million according to various reports. The hack follows a recent Ciphertrace report on how defi-related hacks and fraud in 2021 have already surpassed 2020. The Poly Network hack on Tuesday is well above...
ADAX Have Just Changed the Game, Offering Censorship-Resistant DeFi via ADA
10.8.2021
In the history of every successful startup, there comes a ‘defining’ moment – a moment when the vision of its founders clashes with the impossible and, against all odds, triumphs by becoming a reality. ADAX, a decentralized exchange (DEX) within the Cardano ecosystem, has just...
Status plans to incentivize node operators for decentralized messaging protocol
10.8.2021
According to the project, one of the pushes for its development was Ethereum co-founder Vitalik Buterin recently encouraging developers to consider non-financial applications for DeFi
Hackers stole at least $600M in Poly exploit across three chains
10.8.2021
Paolo Ardoino reported Tether had frozen roughly $33 million in USDT from one of the affected addresses
Justin Sun Ventures Into GameFi Projects With USD 300M TRON Arcade Fund
10.8.2021
Tron (TRX) and its partners said they have established a USD 300m fund called TRON Arcade, which will invest in and incubate GameFi projects over the next three years.
GameFi ('gaming' + 'DeFi') is described as the gamification of monetary mechanisms that make earning profits an "exciting...
LyraDAO Obtains $1m From SynthetixDAO
10.8.2021
LyraDAO finally announced securing a generous contribution of $1M from SynthetixDAO. Since the introduction of DAOs, along with NFT and DeFi projects, Synthetix has become a pioneer of DeFi by operating its multibillion-dollar protocol of deploying DAOs. Lyra is new to the industry of DAOs, and...
ADAX Just Changed the Game, Offering Censorship-Resistant DeFi via ADA
10.8.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
In the history of every successful startup, there comes a ‘defining’ moment – a moment when the vision of its founders clashes with the impossible and, against all odds, triumphs by becoming a reality. ADAX,...
DAO-led DeFi Hub, NearPad, Announces 2M USD Seed Raise
10.8.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
NearPad, the DeFi hub on NEAR’s layer 2 protocol - Aurora, has announced the successful close of its 2M USD seed round. The raise was led by NGC with participation from leading backers in the blockchain space...
Unido – Leading the Race at Bridging Institutional Investors to Crypto Markets
9.8.2021
To demonstrate the use case and commercial viability of Unido Enterprise Platform (EP), it is helpful to compare with an established digital asset management platform which has built in DeFi options. Enzyme (MLN) has been selected for competitor comparison and analysis, given it launched in July...
Curioinvest and Reef Finance Collab to Tokenize Real Assets
9.8.2021
On the 6th of August, 2021, Reef Finance made the headlines with their declaration of a partnership with CurioInvest to activate fractionalized non-fungible tokens of real-world assets into fungible ones and introduce them into the Reef Blockchain. True to its name, CurioInvest encourages one...
The First 3D Online Conference in NFT and DeFi Markets-Asia
9.8.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
The First 3D Online Conference in NFT and DeFi Markets-Asia NFT & DeFi Conference and Investment Roadshow 2021
Asia NFT & DeFi Conference and Investment Roadshow 2021 is the first 3D online Conference...
US SEC Shuts Down $30 Million Defi Money Market in First Decentralized Finance Bust
8.8.2021
The U.S. Securities and Exchange Commission (SEC) has taken its first enforcement action involving decentralized finance (defi). The commission has charged a defi platform and its executives for unregistered securities sales of more than $30 million and misleading investors. SEC’s...
Tokenized Bitcoin on Ethereum Crosses $11 Billion Notional, WBTC Commands 76% of Circulating Supply
8.8.2021
According to data on August 7, there’s 253,510 bitcoin-pegged or wrapped tokens worth more than $11 billion in value on the Ethereum blockchain. Out of the seven different bitcoin-pegged projects, the Wrapped Bitcoin protocol has 194,023 bitcoin-pegged ERC20 tokens in circulation. Over 250K...