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NFTs Are Shaking Up the DeFi Sphere
24.5.2021
NFT, an enormous alliance between the art and cryptocurrency ecosystem that is redefining the concept of ownership in the digital age. The Non-Fungible Token is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore...
DeFi Is Preferred Choice Among Crypto Hedge Funds
24.5.2021
New research jointly conducted by the alternative investment Management Association (AIMA) and PwC has revealed that crypto hedge funds show a growing appetite for the decentralized finance (DeFi). Funds worth $3.8 billion were managed by the category of Crypto Hedge Funds in 2020, while in 2019...
‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector
21.5.2021
A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published three days ago, which also reiterates...
CryptoRefills and Avalanche to Widen DeFi Capabilities
21.5.2021
Using the blockchain technology of Avalanche, CryptoRefills has rolled out support for the payment services for its users. This partnership has enabled users to transact for real-world products and services by utilizing the cost efficiencies of Avalanche’s blockchain technology. Avalanche is...
Promising Integrations Join the Polkadot Ecosystem
21.5.2021
As Polkadot’s vision of a decentralized web advances, the integrations of KILT Protocol and the fintech platform Current are adding new utility layers across the blockchain’s ecosystem, helping tear down the existing barriers between Web 2.0 and 3.0. Value-Driven Integrations...
DeFi Akin Network, Canary, by Reef Finance Launches This May
21.5.2021
The highly anticipated Decentralized Finance (DeFi) led blockchain network by Reef Finance has finally given a release date for their new Mainnet crypto field, ‘Canary.’ The operations of this latest blockchain property administered by Reef Finance will launch on May 28, 2021....
Multi-Chain Structured DeFi Protocol raises 2.1M USD Private Funding
21.5.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Skyrim Finance is building the first multi-chain structured decentralized financial marketplace following a successful funding with close-knit investor support.
Multi-Chain Structured Finance Protocol Skyrim...
Pancake Bunny Suffers Attack; Estimated Losses of $1 Billion
20.5.2021
Pancake Bunny, a decentralized finance protocol from the house of Binance, has suffered an attack. The platform has been exploited in an attack related to its flash loan, and initial estimates pegged the total loss to be around $1 billion. As a result of this attack, the price of the BUNNY token...
Two More Binance Smart Chain Projects Report Incidents, Prices Plummet
20.5.2021
Source: a screenshot, Instagram/binance
Binance Smart Chain (BSC), ran by the crypto exchange giant Binance, has landed in hot water due to the incidents suffered by its projects - yet again. Yesterday it was Venus Protocol (XVS), and today Pancake Bunny (BUNNY).
Venus is a project built...
Defi Economy Lost $20 Billion This Week, Decentralized Exchange Volumes Still Sky High
20.5.2021
While crypto markets, in general, have been dropping significantly in value, the decentralized finance (defi) economy has shaved more than $21 billion during the last week. Statistics show that the total-value locked (TVL) in defi touched $87 billion on May 11, and since then the aggregate total...
SoftBank Is Making Multiple Crypto Moves this Month
20.5.2021
The Japanese tech incubator giant SoftBank has had an active May so far, making a series of low-key investments in a number of crypto, non-fungible token (NFT) and decentralized finance (DeFi) projects.
In a recent report, the Japanese media outlet Coin Post charted SoftBank’s investment movements...
Crypto Products – a Norm for US Financial Firms; DeFi Grows
19.5.2021
While the cryptocurrency market is facing a tough period, it is not losing at all. Recently, a leading derivative marketplace announced Micro Bitcoin futures, helping the crypto sector showcase its relevance. The platform will help investors avoid high costs to improve their crypto investment...
Could DeFi-powered banks become an unstoppable force in finance?
19.5.2021
Banks lack an innovative streak, but cutting-edge DeFi protocols often have a usability problem. Is combining the two the answer?
DeFi Transactions Cost An Arm and a Leg — But Not For Long
19.5.2021
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Transaction fees can cripple any cryptocurrency or blockchain network with ease. No one likes spending double-digit fees to move funds around or access...
Nervos and CMB International launch $50M blockchain, DeFi and NFT fund
19.5.2021
China’s leading blockchain network to fund startups willing to develop on it
There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 Billion
19.5.2021
For quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, tied to wrapped or synthetic bitcoin projects hosted on Ethereum or...
Celo rallies 50% as excitement builds for the upcoming 'Donut' hardfork
19.5.2021
CELO price gained 50% ahead of the network’s May 19 'Donut’ hardfork which will help increase interoperability and lower gas fees
Tether to Launch USDT Natively on Avalanche
18.5.2021
The blockchain company Tether has announced it will make available its stablecoin token as a native asset in Avalanche, a smart contract platform that has picked steam in the last year. Avalanche has a growing decentralized finance (defi) ecosystem, so this launch will most likely improve...
African Founded Crypto Exchange, Quidax Partners With Popular Defi Platform, JulSwap
18.5.2021
PRESS RELEASE. Cryptocurrency exchange Quidax officially announced a partnership with JulSwap. JulSwap is one of the biggest decentralized exchanges (DEX) on the Binance Smart Chain Ecosystem. Quidax also announced that it will be launching its ecosystem token, QDX, on JulSwap’s launchpad...
Altcoins notch double-digit gains even as Bitcoin price falls to $42,500
18.5.2021
Altcoins took the reins and galloped higher while bulls appear to be losing the battle to hold Bitcoin price above $43,000