Ethereum acts as a ‘hedge’ in Bitcoin price crash as ETH/BTC hits 3-year high
The second-largest cryptocurrency posts dwarfed losses compared to Bitcoin’s 21% price decline Saturday. Go to Source Powered by WPeMatico
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BCH Ecosystem Gains New NFT and Dex Platforms, TVL in Smartbch Defi Climbs 180% in 30 Days
During the last few months, the Smartbch project has swelled with numerous projects, custom tokens, and the total-value locked (TVL) in five Smartbch decentralized exchange (dex) platforms has jumped more than 180% since November 3. Smartbch Defi TVL Climbs 180% in a Month — Bitcoin Cash Universe Now Has 5 Dex Platforms Eight months ago, … Read more
Finance Redefined: Two DeFi hacks top $120M, and $500M Algo Fund launches, Nov. 26–Dec. 3
MonoX and BadgerDAO suffer callous security attacks, Borderless Capital opens a $500-million fund to advance Algorand’s ecosystem, and Iota is to launch Assembly in early 2022 — all coming to you in this week’s Finance Redefined. Go to Source Powered by WPeMatico
Increased utility in DeFi, NFTs back Ethereum’s 3-year high in its ETH/BTC pair
Ethereum price hit a new all-time high in its ETH/BTC pair and a classic technical analysis pattern suggests the altcoin has a lot more upside. Go to Source Powered by WPeMatico
Exploit Allows Hackers to Siphon $120 Million From Defi Protocol Badgerdao
The decentralized autonomous organization (DAO) called Badgerdao has disclosed that it has “received reports of unauthorized withdrawals of user funds.” The analytics team Peckshield estimates that over $120 million was siphoned in the Badgerdao breach. Badgerdao Suffers $120 Million Exploit — Engineers Pause Smart Contracts According to the official Badgerdao Twitter account, the team has … Read more
Dex Aggregator 1inch Network Raises $175 Million in Series B Funding Round
1inch Network, the decentralized exchange (dex) aggregation project, has announced the company has raised $175 million in a Series B financing round. According to the announcement, the fresh new capital will be leveraged to scale the team, foster additional 1inch token utilities, and build new protocols. 1inch Raises $175 Million From Strategic Investors Over the … Read more
Borderless Capital launches half billion dollar fund for Algorand projects
Borderless Capital is looking to use its $500 million fund to back projects powering the “next generation” of decentralized projects on the Algorand blockchain. Go to Source Powered by WPeMatico
Galaxy Digital Plans to Raise $500 Million in Debt Market to ‘Accelerate Growth Initiatives’
Galaxy Digital Holdings Ltd. has revealed the firm is looking to raise $500 million in an exchangeable senior note offering. The investment company, founded by billionaire investor Mike Novogratz in January 2018, aims to use the funds to “accelerate growth initiatives across its business lines.” Galaxy Reveals Exchangeable Senior Note Offering The investment firm Galaxy … Read more
Bancor introduces new staking pools and instant impermanent loss protection
Bancor 3 will feature instant impermanent loss (IL) protection, an unlimited deposit staking pool, and an Omnipool offering a share of fees generated from the entire platform. Go to Source Powered by WPeMatico
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