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SWIFT Tokenization, BNB Auto Burn, PwC Enters The Sandbox + More News
23.12.2021
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: SWIFT Tokenization, BNB Auto Burn, PwC Enters The Sandbox + More News
SEBA Floats Proposal to Become Whitelister for Arc
23.12.2021
In an important development, SEBA has come out with the governance proposal requesting to become a whitelister for the institutional lending platform of Aave, the Arc. If the request is approved by the Arc, SEBA will get the role of onboarding the users of the lending platform by fully monitoring...
Defi Marketplace and NFT Platform Arcade Raises $15 Million in Series A Funding Round
23.12.2021
The decentralized finance (defi) marketplace, non-fungible token (NFT) financialization platform, and lending application Arcade has announced the company has closed a Series A investment round for $15 million. Just recently, Arcade facilitated an onchain loan of $800,000 against an NFT portfolio...
Mom Starts Crypto Consulting Firm, Makes up to USD 80K per Month
22.12.2021
Brenda Gentry, a 46-year-old mom of two, began to invest in cryptoassets during the early stage of the coronavirus pandemic. Last October, she decided to quit her job as a mortgage underwriter and focus on crypto full-time, building a successful consultancy that Gentry says brings her a hefty...
From DeFi year to decade: Is mass adoption here? Experts Answer, Part 2
22.12.2021
Decentralized technologies’ insiders shared their views on DeFi and on the role, achievements and challenges the space faced in 2021
Crypto.com's Super Bowl, Polygon's Opera, Prosecutors 'Clean' EUR 100M in Crypto + More News
22.12.2021
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: Crypto.com's Super Bowl, Polygon's Opera, Prosecutors 'Clean' EUR 100M in Crypto + More News
Polkadot Concludes Five Parachain Auctions
22.12.2021
Polkadot recently concluded its first parachain auctions round, and the winners have started producing blocks. The development has initiated Polkadot’s sharded ecosystem, offering specialized computation and smart contracts functionality. In addition, the development will help developers to start...
Fei-Rari Union Approved, Marking One the Largest DAO Mergers in DeFi History
22.12.2021
A vote to merge Rari Capital, an open interest rate protocol that allows the creation of permissionless lending pools, and Fei Protocol, issuer on the native algorithmic stablecoin FEI, was approved on Tuesday at Ethereum (ETH) block height 13850929.
Looking at the total value locked (TVL)...
Santa Hackathon? Visor Finance Marks 7th Hack in December
22.12.2021
Liquidity management decentralized finance (DeFi) protocol Visor Finance is the latest victim of a DeFi hack, with the protocol estimated to have lost USD 8.2m worth of digital assets - and becoming the 7th crypto establishment to get exploited in the last month of the year....
Read More: Santa...
Terra Protocol Surpasses Binance Smart Chain in Terms of Value Locked in Defi
22.12.2021
The total value locked (TVL) in decentralized finance (defi) has rebounded in fiat value after suffering some losses last week. Statistics indicate that the $248 billion TVL in defi has increased 3.46% during the last 24 hours and the blockchain Terra has overtaken the Binance Smart Chain in terms...
Interlay raises $6.5mm to accelerate Bitcoin DeFi interoperability
21.12.2021
Interlay is developing infrastructure for decentralized financial apps on multiple blockchains, including Ethereum, Cosmos, and Polkadot
Deutsche Telekom Arm to Validate Polkadot, IOTA Staking + More News
21.12.2021
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: Deutsche Telekom Arm to Validate Polkadot, IOTA Staking + More News
Yearn.Finance Token Jumps as Team Promises ‘Aggressive Buybacks’
21.12.2021
YFI, the governance token issued by the decentralized finance (DeFi) protocol Yearn.Finance, has seen its price almost double in a week following the announcement of a completed token buyback worth some USD 7.5m.
The buyback, which Yearn.Finance said made up 0.77% of the total supply of...
Solana Gaming Project DeFi Land to Announce Public Testing on Dec 22
21.12.2021
DeFi Land, one of the leading agriculture-simulation games, reached first place at Solana’s Hackathon in the summer and is encouraging GameFi fans to test the platform. DeFi Land will be available for public testing on the 22nd of December at 4 p.m. UTC, following a six-week period...
Fantom DeFi Project Loses $30M to a Security Breach
21.12.2021
Fantom-based Grim Finance recently faced a security breach, losing 30 million dollars to a hacker. The unidentified hacker exploited a reentrancy bug in Grim Finance’s smart contracts. As soon as the news of the attack came out, the network’s TVL dipped to 4.2 million dollars from 98.9...
6th Hack This Month Confirmed: Bent Finance Asks Investors to Withdraw all Funds
21.12.2021
High yield staking platform Bent Finance has confirmed that it has been attacked, advising investors to withdraw funds - becoming the sixth hacked decentralized finance (DeFi) platform we reported on this month alone.
So far, reported-on December hacks include Badger DAO, Bitmart, AscendEX...
Element․Black Forms Strategic Partnership With DJ Snake
21.12.2021
PRESS RELEASE. Social-fi has been the trend of the blockchain industry as of late. The concept, closely linked to the idea of co-creating, combines the terms “social” and “DeFi” to promote a diversified interactive platform for the public. Element.Black, a recent...
Bitcoin.com to Give Away $25,000 In “December to Remember”
20.12.2021
In light of the holiday season, and to celebrate a fantastic year for economic freedom enhancing technologies like Bitcoin, Bitcoin Cash, Ethereum, NFTs, DeFi, Play-to-earn games, and more, Bitcoin.com is giving away more than $25,000 in cash prizes between now and the end of the year. $20,000...
DeFi Is a Ticking Bomb, Thanks to Innovative Collateralization
20.12.2021
2021 is coming to an end, and DeFi’s top lineup is mostly made up of synthetic asset platforms (SAPs). Any platform allowing users to synthetics or derivative values which are tied to existent assets through complete real-time is known as an SAP. Synthetics usually represent different types...
Radioshack Goes Defi in Its Latest Iteration
20.12.2021
Radioshack, the electronics-associated brand, has announced it will now pivot to a cryptocurrency-centric model. The company informed that its focus will be to “bridge the gap” to bring cryptocurrency into mainstream use. This is the latest iteration in the story of the brand, which...