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Polkadot Parachains Partners with Venture Funds to Launch aUSD Fund
24.3.2022
Polkadot Parachain has decided to prepare a 250 million dollar aUSD Ecosystem Fund to boost its native stablecoin, Acala USD. Members from nine Polkadot parachains joined hands with Venture Funds to assist emerging startups. The latest Ecosystem Fund will help provide robust use-cases for...
Solana-Based Cashio App Hit With an ‘Infinite Mint Glitch,’ CASH Stablecoin Drops to Zero
23.3.2022
A decentralized finance (defi) protocol called Cashio was attacked by an “infinite glitch” exploit around 9:00 a.m. (UTC), the team said on Wednesday. Following the hack, statistics show the protocol’s total value locked (TVL) dropped from over $28 million to $579,701 and...
UK, US Regulators Call for ‘High Levels’ of Global Collaboration in Overseeing DeFi
23.3.2022
Acala, VCs Commit $250M for Polkadot DeFi Investments
23.3.2022
The fund will be used to back companies with use cases for Acala’s aUSD stablecoin
Nexo Launches USD 150M Investment & Acquisition Fund Focused on Web3
23.3.2022
The crypto lending and borrowing platform Nexo (NEXO) has launched a new investment fund focused on the emerging Web3 industry. The fund will invest USD 150m in “early-stage retail and institutional projects” that are "synergetic" to Nexo’s core business, an announcement from the company said....
Avalanche Announces Bitcoin Bridge, New Wallet; Coinbase Cloud Launches Avalanche Developer Tools Suite
23.3.2022
The Avalanche (AVAX) Bridge, which enables the transfer of ERC20 tokens from Ethereum (ETH) to Avalanche's C-Chain and vice versa, has expanded support for the Bitcoin (BTC) network, unlocking the opportunity for the trillion-dollar asset to join the Avalanche’s decentralized finance (DeFi)...
Enzyme’s Sulu Goes Live on Polygon and ETH
23.3.2022
Enzyme’s Polygon deployment is live, and it is the most exciting thing for the company. Enzyme was previously available only on Ethereum and recently launched the newest Sulu release on Ethereum a few weeks ago. Enzyme is also launching live and working mainnet on Polygon today. Users...
ApeCoin Smart Contract Exploited, ‘Well-Prepared Claimer’ Walks Away With USD 380K
22.3.2022
A Bored Ape Yacht Club (BAYC) non-fungible token (NFT) owner has reportedly exploited a vulnerability in the smart contract that airdropped ApeCoin (APE) tokens to community members, walking away with nearly USD 380,000 in profits....
Read More: ApeCoin Smart Contract Exploited, ‘Well-Prepared...
Paradigm Invests $8.75M in DeFi’s Ribbon Finance
22.3.2022
The protocol automates crypto derivatives strategies for the lay DeFi trader
Morgan Stanley Sees DeFi Remaining ‘Fairly Small’ as Growth to Slow
22.3.2022
The exponential growth seen in decentralized finance (DeFi) in recent years may be set to slow owing to hurdles such as regulation and overcollateralization, Morgan Stanley said in a research report
Lendefi to Provide Secure DeFi Leveraged Trading on Binance Smart Chain
22.3.2022
Lendefi published a blog post to announce that it has integrated Chainlink Price Feeds to its Binance Smart Chain mainnet. The integration will assist Lendefi protocol in securing its decentralized leveraged trading protocol. The integration will assist in the security of its decentralized...
NeoNexus founder pulls the plug on popular Metaverse NFT project
22.3.2022
Estimates suggest the metaverse project raised 25,000 SOL at its NFT mints, earning between $2 to $4 million
Coinbase Pay and Binance Pay: What Are These Solution & How Do They Differ
21.3.2022
Major US-based crypto exchange Coinbase is taking a swing at both traditional payment companies and crypto-native competitors with the introduction of Coinbase Pay. The new solution, however, differs from existing payments solutions from competitors like Binance, for example, as the former is...
Metria Network: Creating a Unique Unified Blockchain Infrastructure to Support Next-Gen dApps
21.3.2022
PRESS RELEASE. Metria Network, the much-awaited solution for the entire crypto industry will be within reach soon. The chain agnostic decentralized infrastructure is designed to meet the needs of new-age DeFi and NFT applications by overcoming the issues of scalability, interoperability,...
Indian Crypto Tax Move, Shorting Coinbase, FTX and Gemini in New Markets + More News
21.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Indian Crypto Tax Move, Shorting Coinbase, FTX and Gemini in New Markets + More News
Vince Chain and Subx Finance Lab are Now Strategic Partners
21.3.2022
Vince Chain and Subx Finance Lab have entered into a strategic partnership with the aim of building the best NFT marketplace. Vince Chain was the one to announce the news. This opens a door of opportunity for both of them to leave a mark in the industry. Through this strategic partnership, Subx...
Li Finance protocol loses $600,000 in latest DeFi exploit
21.3.2022
Li Finance (LiFi) protocol users suffered losses amounting to around $600,000, some of them have been reimbursed after a hacker exploited a bug in the project’s smart contract
Makerdao Dev Insists Defi Protocol Should Leverage Real World Assets to Scale
20.3.2022
On March 16, the protocol engineer at Makerdao and co-founder of the software and design firm Bellwood Studios, Hexonaut, announced a proposal to use real world assets (RWAs) in order to scale the decentralized finance (defi) protocol Makerdao. Hexonaut insists the bull market was good,...
Value Locked in Defi Climbs Back Above $200 Billion, ETH Dominates Defi TVL by 54%
20.3.2022
As the crypto economy nears the $2 trillion mark, the total value locked (TVL) in decentralized finance (defi) has risen above the $200 billion zone after slipping below that range for most of the year. While the TVL in defi dropped 0.51% during the last 24 hours, statistics show the TVL today...
PoW avoids EU ban, two DeFi protocols suffer a combined $11M hack and BAYC does an ApeCoin airdrop: Hodler’s Digest, March 13-19
19.3.2022