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Unbound Finance Launches Polygon-Based CrossChain Stablecoin
18.8.2021
Unbound Finance, which specializes in minting UND stablecoins, will attempt to increase the fungibility of the automated management systems based on Polygon by employing Polygon’s high-speed, uncomplicated technology. The Polygon Network is set to become the launchpad for the earliest stablecoin...
Poly Hacker Prolongs Return of Funds, Offered Position of Chief Security Advisor
17.8.2021
The biggest decentralized finance (DeFi) hack, of interoperability protocol Poly Network, with roughly USD 600m stolen is not over just yet, as the attacker has not yet provided the final key of the multisignature wallet, stating that they will provide it "when everyone is ready."...
Unizen’s CeFi & DeFi Ecosystems Will Be Supported By Chainlink Price Feeds
17.8.2021
Unizen has taken a step further for its users. According to the latest updates, Chainlink Price Feeds have been integrated into the Unizen CeDeFi exchange. This advancement will empower users to make decisions based on tamper-resistant, up-to-date, and accurate price information. The integration...
Momentum 6 Partners With HydraSwap As a Strategic Investor
16.8.2021
On 15 August 2021, HydraSwap broke the much-anticipated news of its partnership with Momentum 6 to the entire community. Momentum 6, which specializes in investment and business expansion consultancy, has decided to strategically invest in HydraSwap, like many others. It currently targets...
'Shall We Play a Game', Asks Poly Network Hacker Upon Returning the Funds
13.8.2021
As nearly all stolen funds from the massive hack of the decentralized finance (DeFi) interoperability protocol Poly Network have been returned, the hacker continued their Q&A session, consciously providing some clues about their identity - as well as saying they have been offered half a million...
Reef Finance Incorporates Jax.Network Into Its Marketplace
13.8.2021
The Decentralized Finance (DeFi) blockchain, Reef Finance, has built an alliance with the Bitcoin blockchain Jax.Network. The teaming up of these two eminent blockchain networks will offer clients a reliant, profitable, and decentralized blockchain conformity system. This association with...
Forward Protocol Joins Reef Chain via Reef Finance
12.8.2021
On August 11, Reef Finance welcomed Forward Protocol on the Reef blockchain network’s ecosystem. Forward Protocol is renowned for its unorthodox methods, which seek to augment the quality of learning. Their USP is a decentralized and self-reliant network. They will grant the international...
Poly Network Hacker Keeps Sending Funds Back, Returns USD 342M
12.8.2021
The hacker of the decentralized finance (DeFi) interoperability protocol Poly Network has returned more than half (in USD terms) of the stolen funds so far.
Per the latest data provided by Poly Network, as of August 12, almost USD 342m of assets has been returned. This includes:
On Binance Smart...
BitDAO and Sushi MISO Join Hands to Launch BIT Token
11.8.2021
BitDAO is among the most promising DAO platforms backed by Spartan, Pantera, Peter Thiel, Dragonfly, Bybit, and Founders Fund. Now, the DAO is collaborating with Sushi MISO to launch its new token. The partnership will also witness the involvement of Bybit. The crypto exchange has supported BitDAO...
DeFi History Books Records The Largest Exploit to Date Worth $600 Million
11.8.2021
A historic hack has been making airwaves within the community, plagued by tons of exploits, and now has recorded the biggest ever. Poly Network exploits across three chains saw both Decentralized Finance and the largest hack co-occurring. Shockwaves crippled the crypto world as the news made...
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...
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...
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...
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...
Exploring the Technical Infrastructure for DeFi Price Protection – a Bumper Case Study
5.8.2021
Bumper Finance has announced their “God-mode for Crypto,” a DeFi price protection protocol that protects the prices of assets from any sudden market drops. At this time of unprecedented uncertainty, the innovative protocol promises to shore up faith for holders of crypto assets. It does this...
Reef Finance Announces Samecoin’s Listing on Reef Chain
4.8.2021
Reef Finance and Samecoin have recently announced their collaborated first stablecoin on the reef chain ecosystem. Due to the addition of Samecoin, it would be the first stablecoin on the blockchain for the Reef Chain ecosystem. Samecoin is a stablecoin protocol based on the decentralized framework...
Anchor Protocol Ventures a Partnership With Lido Finance
3.8.2021
Anchor has once again announced the partnership with Lido. The arrangement will be showcasing the launch of bETH (Wrapped stETH and bonded Ethereum on Terra). They have proposed bETH and stETH as an option for collateral on Anchor Protocol. The collateral will bring staking rewards outside...
SEC Boss Gensler Hints that He Could Seek to Regulate DeFi
3.8.2021
Garry Gensler. Source: A video screenshot, Youtube/Bloomberg Markets and Finance
The US Securities and Exchange Commission chief Gary Gensler will not be a “cheerleader” for crypto, a new interview has revealed – and indicated that after tightening regulations on crypto exchanges, he may well turn...