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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...
Play-to-earn games are the catalyst for this bullish period in the markets
7.8.2021
The gaming industry is going through a massive growth phase, and the play-to-earn model opens new opportunities for blockchain gaming
Uncollateralized Lending Platform Truefi Raises $12.5 Million From A16z, Alameda and Blocktower
7.8.2021
Truefi, an uncollateralized loan platform, has raised $12.5 million from three important investors. The token sale was led by Blocktower, a New York-based cryptocurrency investment firm. Other important investors were Alameda Research — owned by Sam Bankman-Fried, founder of FTX —...
Genesis Report Highlights ‘Emerging Role’ of Ethereum and Defi in Q2 2021
7.8.2021
Genesis Digital, a leading cryptocurrency trading, lending, and custody desk, released its Q2 reports, where it confirms what it calls the “emerging role” that Ethereum and defi have in the industry. The report also confirms that institutional interest in crypto is still rising despite...
SEC claims first enforcement action in $30M fraud case involving DeFi project
6.8.2021
"The labeling of the offering as decentralized and the securities as governance tokens did not hinder us from ensuring that DeFi Money Market was immediately shut down and that investors were paid back," said the SEC
SEC Charges 'Defi' Lender, Governance Token Issuers Should Take Notice
6.8.2021
The US Securities and Exchange Commission (SEC) charged Cayman Islands-registered DeFi Money Market (DMM) and its top executives, two Florida men, for unregistered sales of more than USD 30m of securities using smart contracts and "so-called "decentralized finance" (DeFi)...
EasyFi Network Collaborates With Cryption Network
6.8.2021
EasyFi Network has entered into a strategic partnership with Cryption Network to provide a host of innovative yield maximization opportunities to the users of DeFi applications. Cryption Network works on the development of user-friendly cryptocurrency products for regular retail investors. Through...
EQIFI Launches Suite of Decentralized Financial Products Powered by a Global, Licensed Bank
6.8.2021
PRESS RELEASE. British Virgin Islands — 6th August, 2021 — EQIFI, a decentralized protocol for pooled lending, borrowing and investing Ethereum-based cryptocurrencies, stablecoins, and select fiat currencies, has today launched its DeFi platform, including newly introduced fixed-...
Crypto Mom: True decentralization is the only thing that will save DeFi projects
6.8.2021
SEC Commissioner Pierce believes that DeFi founders’ only hope to bypass financial regulation is to ensure full decentralization from launch
Analysis of the Popsicle Finance Hack
5.8.2021
Yesterday at 10:53 pm (UTC), a major hacking incident occurred in Popsicle Finance’s Sorbetto Fragola pool. The hackers drained out nearly 85% of this pool. But other pools like ICE farming contracts, ICE token contracts, and Nice Staking have not been affected by this incident. A total of $20.7...