Search
Coinbase Ventures Backed Startup to Build Pan-African Crypto Exchange With $23 Million Capital Raise
13.5.2022
The African startup, Mara, recently said it has raised about $23 million in funding from organizations ranging from Coinbase Ventures to individual angel investors like Amit Bhatia and Hamad Alhoimaizi. Mara has also partnered with the Central African Republic (CAR) and will act as an adviser...
Aurora launches $90M fund to finance DeFi apps on Near Protocol
13.5.2022
Aurora, an EVM scaling mechanism on the Near protocol, has launched a $90 million token fund in partnership with Proximity Labs to attract new developers
Warren Buffett-Backed Nubank Launches Crypto Trading — Holds Bitcoin on Balance Sheet
13.5.2022
Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million customers can “buy, hold and sell cryptocurrency all from the same app, with no need to open...
Teller Finance Wants to Diversify DeFi With Travel Insurance
12.5.2022
Teller’s CreditFi platform lets USDC holders earn yield by lending capital to Koala Insurance
Grape Finance Secures GRAPE Stablecoin with Chainlink
12.5.2022
Grape Finance has integrated Chainlink Price Feeds, gaining access to high-quality and tamper-proof price data. Users benefit from the integration as they are assured that MIM price data is now hyper-resistance to data manipulation. Chainlink Price Feeds has been integrated by Grape Finance...
Citi, Wells Fargo, BNY Mellon Invest in Crypto Firm Talos as Institutional Adoption of Digital Assets Accelerates
11.5.2022
Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adoption.” The latest funding round values the company at $1.25 billion....
Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions
11.5.2022
Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden value drop stemming from Terra’s native assets, LUNA and UST, has pushed...
After a Rough First Quarter, Coinbase Expects This One to Be Even Slower
11.5.2022
The crypto exchange giant Coinbase is bracing for a slow second financial quarter – noting that crypto volatility and prices slumped last month – forecasting a drop in users and trading volume to continue into FY2022 Q2.
In its latest letter to shareholders, the company revealed that trading...
Switch Is Still Outselling Everything Else Despite Ongoing Chip Shortage
10.5.2022
Today, in its annual earnings statement, Nintendo cited the ongoing chip shortage as a reason for a precipitous annual dip in Switch hardware sales…while in the same breath saying it hit company targets. Well, technically.Read more
Sony Bets New PS5 Stock On A Post-Covid World (Whenever That Happens)
10.5.2022
We’re over a year into the PlayStation 5’s lifecycle and Sony still can’t make anywhere near enough of them. It hopes that could change soon. The company is promising to sell 18 million more PS5s in the next year if the current covid lockdown in China only lasts a couple of months. With the global...
New Nintendo Numbers: If Mario Kart 8 Keeps Selling Like This, We’re Never Getting A Sequel
10.5.2022
If you were holding your breath for news of Mario Kart 9, you might as well exhale. The racer’s immediate predecessor, Mario Kart 8 Deluxe, is still one of publisher Nintendo’s best-selling games on Switch. It has sold a hair short of 10 million copies over the past year, according to an earnings...
3 Coins for Potential Future Growth: Logarithmic Finance, Cosmos, & Monero!
10.5.2022
Cryptocurrencies are all the rage right now, and for a good reason! These digital tokens have the potential to revolutionize how we do business and interact with one another. If you’re interested in getting in on the action but don’t know where to start, this blog post is for you!...
Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days
8.5.2022
The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value locked (TVL) across a broad range of defi protocols shed significant value during the last...
Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD
8.5.2022
On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as...
Anchor Protocol’s Earn Rate Adjusts for the First Time, From 19.4 to 18% APY
7.5.2022
Following the governance vote that aimed to implement a semi-dynamic earn rate for the Anchor Protocol, the decentralized finance (defi) platform’s earn rate adjusted downward for the first time this month. After holding steady with a 19.4% annual percentage yield (APY) since the project...
Anchor Protocol rebounds sharply after falling 70% in just two months — what's next for ANC?
7.5.2022
The total value locked inside the Anchor Protocol's liquidity pools reached an all-time high earlier this week
By The Way, Take-Two’s CEO Profits From All Your GTA Online, NBA 2K Microtransactions
7.5.2022
Microtransactions in games like Grand Theft Auto Online have become big business for video game publishers. And it’s likely this won’t be changing anytime soon. New details spotted in a recent contract extension for Take-Two CEO Strauss Zelnick explain that the CEO will earn a big bonus if more...
Finance Redefined: DeFi protocols lost $1.6B, EU to rethink DeFi approach and more
6.5.2022
The week in DeFi saw European lawmakers write a new chapter on DeFi, Virginia county plans to put its pension fun in a DeFi yield, DeFi protocols lost $1.6 billion to exploits and more
Nvidia Fined $5.5 Million For Failing To Acknowledge Crypto-Miners Juiced Its Profits
6.5.2022
Nvidia, producer of graphics cards since prehistoric times, has just been fined $5.5 million by the U.S. Securities and Exchange Commission for failing to divulge to investors how much of its 2017-18 revenue came about from crypto-miners.Read more
Klein Finance Announced the Completion of a Funding Round With Participation From KCC Chain and KuCoin-Ventures
6.5.2022
PRESS RELEASE. Klein Finance, a stablecoin liquidity provider and exchange platform built on KCC (Kucoin Community Chain), announced the opening of its funding program. It has already received a multi-million dollars investment from KuCoin Ventures and KCC chain. Klein Finance is an efficient...