Gelato raises $11M from heavyweight backers for Web 3 automation
Gelato aims to simply DeFi by automating smart contract operations and helping users rebalance their portfolios. Go to Source Powered by WPeMatico
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Compound unanimously passes proposal to repair bug
Proposal 064 seeks to repair the token distribution bug introduced during Proposal 062 once and for all. Go to Source Powered by WPeMatico
Pro traders cut their EOS longs, but retail FOMO and $50K+ BTC could tip the scale
On paper, EOS has great fundamentals, but derivatives markets suggest traders don’t feel the same about the altcoin’s price potential. Go to Source Powered by WPeMatico
Bank of America offers bullish outlook for DeFi and NFTs
“[Crypto] is a trend that has barely started — money is the easiest application and the Bitcoin use case started there,” said Bank of America. Go to Source Powered by WPeMatico
Total Value Locked Across Multiple Defi Chains Nears $200 Billion — Ethereum’s TVL Dominance 69%
While the crypto economy has seen a decent uptick in performance during the first week of October, a number of decentralized finance (defi) tokens have seen tremendous gains. Furthermore, the total value locked in defi has risen to $195 billion, jumping more than 14% over the last two weeks from $171 billion. Defi Tokens Skyrocket, … Read more
Kevin O’Leary: ‘My Crypto Exposure Is Greater Than Gold for the First Time Ever’
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has revealed that he has more crypto exposure than gold for the first time. He hopes to increase his crypto allocation to 7% in the next few months, emphasizing: “I don’t see a situation where crypto’s ever going away.” Kevin O’Leary Now Has More Crypto Than Gold … Read more
Compound Facing More Problems: More Than $140 Million in Tokens up for Grabs
Compound, one of the main cryptocurrency lending protocols on Ethereum, is facing serious problems again. According to banteg, a Yearn developer, someone called a function that moved more funds to be available for users to claim. Now, users can claim up to $140 million of the protocol’s native currency, comp. Compound is hoping users won’t … Read more
DeFi security project ‘Lossless’ helps recover $16.7M from Cream Finance hack
Lossless also plans to ship a security tool that will reportedly aid DeFi projects in preventing hacks and exploits on their platforms. Go to Source Powered by WPeMatico
The Founder of Wallstreetbets Jaime Rogozinski Discusses Defi, NFTs, and Crypto Regulation
In 2021, the subreddit forum r/wallstreetbets, also known as Wallstreetbets (WSB) became an extremely popular forum after the members played a major role in the Gamestop short squeeze escapade. In recent times, the founder of WSB, Jaime Rogozinski has been behind a new decentralized finance project called the Wallstreetbets Dapp (wsbdapp.com). Rogozinski spoke with Bitcoin.com … Read more
Third-Largest Bank in France Societe Generale Proposes Use of Defi Protocol Makerdao
French multinational investment bank and financial services company, Societe Generale, has proposed to leverage the decentralized finance (defi) protocol Makerdao. The proposal dubbed “Security Tokens Refinancing” was published on October 1 to Makerdao’s forums and the submission aims to utilize the DAI stablecoin to refinance a covered bond concept. Societe Generale Proposes Leveraging Makerdao and … Read more