Obscure Omicron token spikes 900% after new variant emerges
FOMO has grabbed hold of crypto speculators who have been loading up on Omicron tokens following the WHO’s naming of the latest COVID-19 variant. Go to Source Powered by WPeMatico
defi
Auto Added by WPeMatico
Ethereum L2 Scene Heats Up With Boba Network Taking Second Spot in TVL
Boba Network, a recently released L2 layer for Ethereum, has quickly jumped to second place in TVL (total value locked) among all expansion layers. Boba, which is a fork of Optimism, another L2 layer based on rollups, reached more than $1 billion in TVL, surpassing Optimism. This is likely due to the profitable percentages offered … Read more
Despite Crypto Market Rout, Total Value Locked in Cross-Chain Bridges Jumps 9% in 30 Days
30 days ago on October 28, the total value locked (TVL) in cross-chain bridges to Ethereum was around $22.48 billion and in the face of the recent market dump, the TVL still increased by 9.56%. At the time of writing, there are 135,148 unique depositors and Axie Infinity’s Ronin Bridge holds the largest TVL. Cross-Chain … Read more
Finance Redefined: 1M ETH burned since EIP-1559, and Dorsey drops tbDEX white paper, Nov. 19–26
1 million Ether has been burned since the London hard fork, Square released a beta white paper for a decentralized exchange, and Grayscale predicted a $1-trillion metaverse market — all coming to you in this week’s Finance Redefined. Go to Source Powered by WPeMatico
OKEx shared insights on trading, regulation, DeFi and more during recent Markets Pro AMA
Among many features, OKEx staff demonstrated how users could automate their trading process with no required coding knowledge on the namesake platform. Go to Source Powered by WPeMatico
Celsius expands funding round to $750M, tips $7B to $10B valuation in 2022
Celsius CEO Alex Mashinsky said that the oversubscribed $750 million funding round was a “very good indication” of the strength of the company’s lending and yielding brand. Go to Source Powered by WPeMatico
DeFi Yield Protocol Enables Buyback, Farming and Staking V2 on Binance Smart Chain
Nowadays, there are so many different viable ways of earning money through the usage of cryptocurrencies. In the past, many traders would have preferred to simply hold on to their coins or ‘hold’ for as long as possible in order to get substantial returns on their investments. However, as time went on, new methods such … Read more
Founder of Africa-Focused Media Firm Urges Continent’s Governments to Embrace Crypto
The founder of Africa-focused media and investment company Footprint to Africa, Osita Oparaugo, has urged governments on the continent to embrace cryptocurrency. Africa Must Not Be Left Behind Osita Oparaugo, founder of Footprint to Africa, has argued that a timely embrace of cryptocurrencies by African governments would be beneficial to the continent’s growth prospects. In … Read more
How to enhance DeFi security
Decentralized finance is exploding. Its security is not. Here’s how to prevent millions more lost in DeFi. Go to Source Powered by WPeMatico
Australian Senator: We Need to Acknowledge Crypto Is Not a Fad, Defi Presents Huge Opportunities
Australian Senator Jane Hume says we need to acknowledge that cryptocurrency is not a fad, adding that there are huge opportunities in decentralized finance (defi). “We should tread cautiously, but not fearfully,” she said, emphasizing that “Australia mustn’t be left behind by fear of the unknown.” Australian Senator Says Crypto Is Not Going Away, Sees … Read more