DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market
The prolonged market volatility has not stopped investors from backing a new protocol which merges DeFi and the foreign exchange market. Go to Source Powered by WPeMatico
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DeFi platforms see profits amid FTX collapse and CEX exodus: Finance Redefined
The bears were in control for the second week after FTX collapse, leading to a market-wide dismal performance including top 100 DeFi tokens. Go to Source Powered by WPeMatico
Bitcoin price may still drop 40% after FTX ‘Lehman moment’ — analysis
BTC price targets now include $12,000, with Ethereum potentially falling to $800 for the pit of the bear market. Go to Source Powered by WPeMatico
DeFi platforms see profits amid FTX collapse and CEX exodus
On-chain data flashed positive for DEXs and an increase in protocol revenue, even as markets corrected due to FTX’s insolvency. Go to Source Powered by WPeMatico
1inch seeks to optimize gas costs with its new v5 router
The new router features a number of updates, including an improved smart contract error processing system. Go to Source Powered by WPeMatico
Polygon-Based Decentralized Exchange Quickswap Loses $220K in Flash Loan Exploit
On Monday, the Polygon-based decentralized exchange (dex) Quickswap lost $220K in a flash loan exploit and following the attack, the team detailed the Quickswap Lend platform will be terminated. Quickswap Hacked for $220K, Dex Project Sunsets Lending Platform 2022 has been quite the year for decentralized finance (defi) hacks as billions have been stolen due … Read more
Uniswap’s $165 Million Series B Capital Raise One of the Largest by a Crypto Firm in 2022
Uniswap Labs, the firm behind the Uniswap decentralized exchange protocol, announced on Thursday that it raised $165 million in a Series B funding round. According to one report, the capital raise, which sees Uniswap Labs’ valuation rise to $1.66 billion, is the largest by any crypto firm in 2022. Uniswap Completes $165M Capital Raise, Decentralized … Read more
Uniswap Labs raises $165M as attention shifts to NFTs, Web3
The decentralized exchange has supported $1.2 trillion in cumulative trading volume since its inception, according to founder and CEO Hayden Adams. Go to Source Powered by WPeMatico
Binance CEO Changpeng Zhao Believes Decentralization Is Part of a ‘Gradient Scale’
Changpeng Zhao, founder and CEO of Binance, the biggest cryptocurrency exchange by volumes traded, pondered the importance of decentralization and the relation it has with security and freedom. Zhao stated that there are several aspects of decentralization and that this is part of a gradient scale, explaining the different ways in which even Bitcoin can … Read more
‘New frontier’ of crypto laundering involves cross-chain bridges and DEXs: Elliptic
Curve, Uniswap, 1inch, and the Ren bridge were the top platforms of choice for laundering illicit crypto, according to Elliptic. Go to Source Powered by WPeMatico